City Moves for 14 January 2015 | Who’s switching jobs January 13, 2015 Baker Botts The law firm has appointed Mark Heaney as partner in its intellectual property group. He joins from Bird & Bird, where he was a partner and head of its international electronics sector group. Heaney specialises in contentious matters, and has a focus on patents, copyright, and related rights. PwC Lachlan Roos has been [...]
More money in your pocket: Tumbling oil prices, £1 a litre petrol, supermarket price wars and mortgage provider competition January 12, 2015 Britons should be able to loosen their purse strings further this year, with tumbling oil prices, a supermarket price war and intense competition between mortgage providers forcing down the average cost of living. Supermarket chains Morrisons and Sainsbury’s – which together operate over 600 petrol stations – will both cut the price of unleaded petrol [...]
Inflation falling after price wars over Christmas – London week ahead January 11, 2015 CONSUMER price inflation figures for December, due out tomorrow, will shine a light on to what extent falling oil prices and intense retail competition have boosted spending power in the UK. Analysts says the fall in inflation is likely to have been tempered by the fact that there was more retail discounting than usual in [...]
UK house prices: Mild respite for home buyers as market cools January 8, 2015 House price growth continued to slow in December, but still remained at elevated levels. The climb in house prices was 7.8 per cent year-on-year in December, figures released yesterday by Halifax revealed. It marks a cooling from the peak of the recent boom that, according to Halifax’s figures, saw prices rise 10.2 per cent year-on-year [...]
City Moves for 09 January 2015 | Who’s switching jobs January 8, 2015 Savills Matt McCue has been appointed out of town retail director at the real estate services provider. He has over 17 years’ experience in the industry, and joins from CBRE. He will continue to work with both landlord and retail clients at Savills. BNY Mellon The investment company’s wealth management business has appointed Yolande Escher [...]
Eurozone ends the year with a whimper January 6, 2015 THE EUROZONE continued to stagnate at the end of 2014, survey data suggests. The services purchasing managers index (PMI) rose to 51.6 in December from 51.1 in November, according to figures released by Markit yesterday. Any number above 50 indicates growth but 51.6 is very weak growth. The Eurozone composite PMI which includes manufacturing and [...]
Who made the FCA’s 2014 naughty list: Which institutions received the biggest fines last year? January 6, 2015 2014 was a busy year for the UK’s financial regulator, the Financial Conduct Authority (FCA), which brought in a record £1,471,431,800 in fines – more than twice the previous record year. However, £1.1 billion of the FCA’s naughty list was made up by just five banks, and these record fines have sparked fears of conduct [...]
Bob Diamond ditches Barclays Wealth as his charity’s bankers January 4, 2015 Former Barclays boss Bob Diamond has hired State Street as the banker for his charitable foundation, its annual report shows. The Diamond Family Foundation used to use Barclays Wealth as its bankers, alongside PwC as its auditors. But its latest financial report shows that Diamond’s charitable unit picked US bank State Street instead for the [...]
City Moves for 05 January 2015 | Who’s switching jobs January 4, 2015 Weightmans The law firm has announced three appointments. Douglas Keir joins as a partner, and Sarah Phillips and Julia McDonald (pictured) join as associates, in its insurance team. They collectively have 40 years’ experience in law, and arrive from Anderson Strathern Solicitors. London Capital Group The Aim-listed online trading firm has announced two appointments. Nicholas [...]
Gimme 5: New Year events for entrepreneurs January 4, 2015 Grow Your Business in Europe A two-hour workshop on taking your business into Europe with limited resources, run by UCL in partnership with the British Library. 27 January, 2-5pm, British Library Free www.ucl.ac.uk/advances Digital Marketing Masterclass Grow, the small business marketing experts, host a masterclass covering the nine areas of digital marketing you must [...]