City Moves for 26 January 2015 | Who’s switching jobs January 26, 2015 Spencer Ogden The energy recruitment specialist has announced two appointments. Brad Lewington (pictured) has been promoted to director of Europe, the Middle East, and Africa, alongside his existing position as head of Asia Pacific. Kristen Zeilerbauer becomes managing director in London. Renaissance Capital The investment bank has announced the appointment of Seki Mutukwa to its [...]
The Supper Club founder Duncan Cheatle talks cowboys, venture capital and safe spaces January 25, 2015 If you ask Duncan Cheatle, founder of members-only entrepreneur networking group The Supper Club, to describe his formative entrepreneurial experience, you’re instantly transported. “Like lots of entrepreneurs, the first early thing I did was to sell tuck,” he tells me. “I guess there’s a limit to what you can do as a kid to show [...]
Post Office to challenge major banks for top spot in financial services January 25, 2015 The Post Office is in for major changes this week as the aged company sets its sights on one of the top spots in Britain's financial services industry. According to Sky News, the Post Office is hoping to become one of the country's leading financial services providers and will announce on Monday its plan to [...]
Davos 2015 World Economic Forum: Top execs gather for grand old Duke of York January 22, 2015 It takes a lot to overshadow a quantitative easing programme on the scale of the one announced by the European Central Bank yesterday, but the Duke of York’s private life somehow managed it. Squeezed eight-deep into the Salon Rotary at the Belvedere Hotel, bosses from BP, Citi, Marks & Spencer and Diageo turned up to [...]
Economists set out forecasts for ECB bond buys January 21, 2015 CITY economists agree the European Central Bank (ECB) will announce over €500bn (£330bn) of bond buying today but remain sceptical about its form and impact. Goldman Sachs’ economists think only partial details of a quantitative easing programme of up to €1 trillion will be revealed by ECB president Mario Draghi today, due to delays over [...]
Metro Bank trims losses as loans and deposits double over 2014 January 21, 2015 Challenger bank Metro cut its losses to £8.9m in the final quarter of 2014 as it edges towards profitability, its financial results showed yesterday. That compares with £9.4m in the previous three-month period. The bank hopes to break even later this year, and is looking to float on the stock market in 2016. Metro said [...]
City Moves for 22 January 2015 | Who’s switching jobs January 21, 2015 CFA Institute The investment professionals’ body has appointed Paul Smith as president and chief executive. He was managing director for Asia-Pacific and global head of institutional partnerships at the CFA Institute. Smith has also held senior positions at Bank of Bermuda, HSBC, and Asia Alternative Asset Partners. Societe Generale Private Banking Eric Verleyen has been [...]
John Laing due to float for the second time January 18, 2015 INFRASTRUCTURE investment group John Laing was silent yesterday on reports that it is to float on the London Stock Exchange again, seven years after it went private. The company, which has been owned by asset management group Henderson since 2006, is expected to raise tens of millions of pounds if it successfully completes its listing, [...]
Which London business pays the highest business rates? Harrods, Citigroup and HSBC- but it’s not as much as the government’s Home Office bill January 16, 2015 Harrods is paying the biggest business rates bill of any business in London while five banks are in the list of top 10 highest payers thanks to their Canary Wharf based UK headquarters. The Knightsbridge retailer is paying £12.04m for it's in-demand and high-end location while fellow luxury store Selfridges is also paying the seventh largest [...]
Shop Direct delivers Very merry Christmas as online orders boom January 14, 2015 LITTLEWOODS owner Shop Direct yesterday said sales surged over the Christmas period as Black Friday became its busiest shopping day. The online and catalogue retailer, owned by billionaire brothers Sir David and Sir Frederick Barclay, said sales across its biggest website Very.co.uk were up 134 per cent year-on-year on the US-style shopping day. Chief executive [...]