City Moves for 19 August 2014 | Who’s switching jobs August 18, 2014 Turner & Townsend The programme management and construction consultancy has appointed Martin Greenhalf as director in its commercial development project management team. He joins from Sweett Group, where he was a director of project management. TSB Bank David Fenton has been appointed chief economist at the bank. He joins from RBS, where he was most [...]
Golf Comment: Heat is on as Ryder Cup deadline looms August 18, 2014 THE RYDER Cup is less than six weeks away and, more importantly for a handful of European players, there are just two more weeks of competition in which to secure guaranteed qualification. At least two of the nine automatic places, based on European and world points lists, are still up for grabs and there could [...]
Branches close as customers do banking online with 7bn transactions in 2013 August 17, 2014 Britons made almost 7bn online banking transactions last year, according to figures published today from the British Bankers’ Association (BBA). Internet banking use has surged by 40 per cent since 2009, the numbers show. But the rise of online banking has hastened the demise of the traditional bank branch. Over the same period, the number [...]
Top RAC staff in line for £300m listing windfall August 17, 2014 SENIOR executives at RAC are set to share a windfall of up to £300m if the breakdown recovery service decides to push ahead with its expected float next month. Plans to list on the London Stock Exchange would put the group’s top managers in line to benefit from their combined 15 per cent stake in [...]
Jeff Randall: From Sky soap box to Prudential sounding board August 17, 2014 So, Jeff Randall’s off the to the Pru. The veteran business hack, whose career has seen him go from The Telegraph, to the BBC to Sky (from where he stepped down earlier this year) is to become an adviser to Prudential boss Tidjane Thiam. Ah, I hear you say, another journo heads-off into a PR [...]
City Moves for 18 August 2014 | Who’s switching jobs August 17, 2014 CWPA City and Westminster Property Associations announced the appointment of a new executive director, Charles Begley, who will take up his post in October. An ex-journalist and comms expert, he is a senior partner at TTA Property, part of The Good Relations Group and the specialist corporate, consumer and stakeholder real estate arm of top [...]
City Moves for 15 August 2014 | Who’s switching jobs August 14, 2014 KPMG Yael Selfin has been appointed as a director in the firm’s economics and disputes practice. She joins from Edymar, a boutique consultancy she created and led. She has also been a partner at Volterra, and held the position of head of macro consulting at PwC. Jersey Finance Robert Christensen has been appointed chairman of [...]
Best of the Brokers for 15 August 2014 August 14, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DOMINOS PIZZA PLC Numis have given the pizza takeaway company a “buy” rating with a target price of 710p. Analysts believe the company still has significant growth prospects and expect both petrol and food costs to decrease. They expect accelerating store expansion. INFINEON [...]
Legal & General’s Nigel Wilson sends slap in the face to Breedon as associates shudder – Inside Track August 13, 2014 Nigel Wilson has hardly put a foot wrong since replacing Tim Breedon, his po-faced predecessor, as chief executive of Legal & General just over two years ago. While investors are happy with the outspoken Geordie, however, his fellow insurance bosses are not – at least not after his latest bombshell dropped yesterday. Confirming [...]
Analyst Views: What did you make of Ladbrokes’ performance during the first half of 2014? August 12, 2014 PATRICK COFFEY | BARCLAYS While the Digital performance is likely to excite the bulls, we believe these results throw up many questions which are central to the debate. Marketing as a percentage of revenue was 31 per cent in the first half. A key debate is how this marketing spend progresses and how much re-investment [...]