City Moves for 23 July 2015 | Who’s switching jobs July 22, 2015 Knight Frank Stephanie Gray has been appointed senior surveyor in the property consultancy’s capital markets team. She joins from Inglis Howie, where she was a senior surveyor involved in investment acquisitions and disposals across the UK. Neptune Investment Management The fund manager has appointed Joshua Ausden as head of client investment strategy. He joins in [...]
Barclays and UK fraud office eye deal over criminal probe into Qatar July 21, 2015 Barclays is widely believed to be in talks with the Serious Fraud Office (SFO) over a potential deal to resolve a long-running criminal probe into the bank’s dealings with Qatari investors in 2008. The SFO has proposed the possibility of a deferred prosecution agreement (DPA) linked to the bank’s fundraising activities during the financial crisis. [...]
Let Grayson Perry help you find the one July 21, 2015 ELITE matchmakers Social Concierge are putting on a do in Mayfair tomorrow, and eccentric artist Grayson Perry will be there to help lonely executives from UBS, Barclays and Societe Generale break the ice. Whether you’re bad at dating or not, this will be great late night entertainment. For tickets, e-mail bella@socialconcierge.co.uk and say we sent [...]
Watchdog visits Barclays four times a week as FCA takes on Barclaycard oversight July 20, 2015 Barclays was visited by UK regulators on 186 separate occasions last year – more than twice as many times as the next most-visited lender, figures published yesterday show. The bank met with supervisors from the Financial Conduct Authority at its offices roughly four out of every five working days in 2014. The next most visited, [...]
Best of the Brokers for 21 July 2015 July 20, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HALFORDS Cantor Fitzgerald reiterated its “hold” rating on the bike specialist, and said the firm has the potential to sustain retail sales growth above five per cent over the next three years, as well as delivering a 10 per cent retail trading margin. [...]
New Zealand dollar: Rock star no longer – CNBC Comment July 20, 2015 It’s that time of the year again – the excitement of the Ashes is palpable. There are a lot of cricket fans in my office and, although I can’t count myself as one of them, a crash course has taught me that the Antipodean teams often win. Indeed, Sunday marked a crushing defeat for England [...]
Barclays boss John McFarlane to join Treasury financial services board July 19, 2015 John McFarlane, executive chairman of Barclays, is set to join the Treasury’s Financial Services Trade and Investment Board (FSTIB) as an external member today. The FSTIB was set up to identify opportunities for growth across the UK financial sector. McFarlane, who has been nicknamed “Mack the Knife”, played a pivotal role in the recent high-profile [...]
George Osborne aims to curry favour in the Square Mile with Martin Wheatley dismissal July 19, 2015 As the chancellor who introduced the banking levy back in 2011, George Osborne is not as popular in the City as he could be. But last week it looked like he may be trying to work his way back into bankers’ good books. On Friday, Martin Wheatley, chief executive of the Financial Conduct Authority [...]
We should be proud of our City – and what it contributes to UK society July 19, 2015 The City has had an action-packed fortnight, stuffed with events that each had a very different focus and a very different meaning. On 7/7, the whole country paused to reflect on the bombings of 2005. Sombre yet inspiring services were held across the UK, including at St Paul’s Cathedral, which provided opportunities to honour those [...]
From Sir Mike Rake, John Dixon and Martin Wheatley’s shock departures to Apple Pay: Here’s what got us talking this week July 17, 2015 There was some golf. There was cheese (with our burgers) in London. And throughout the country's railway stations, there was a quiz that got us scratching our heads. Here's what got us talking this week 1. The City was overrun with ejecting chairs Fresh from Antony Jenkins' sacking last week, this week it was the [...]