Tourism council seeks ways to boost UK image June 5, 2014 MINISTER for sport, tourism and equalities Helen Grant yesterday announced the creation of a new Tourism Council, which will involve government and industry figures. The council has been established to co-ordinate the promotion of the image of the UK as a tourist hotspot to the world, and will focus on boosting enterprise, increasing apprenticeships, and [...]
Motor industry revving up to break records June 5, 2014 CAR SALES in the UK rose for the 27th consecutive month in May, breaking a record set in the 1980s for the longest ever period of growth. Motorists registered 194,032 new cars last month, up 7.7 per cent on the same period a year ago, to give the industry its strongest May performance in a [...]
City Moves for 04 June 2014 | Who’s switching jobs June 5, 2014 IFM Investors The fund management firm has announced the appointment of John Carey as an investment director for European infrastructure debt in its debt investments team. He has over 13 years’ infrastructure experience and was most recently at Moody’s, where he was a senior analyst for infrastructure finance. Prior to that, he was a director in [...]
OneSavings Bank set to float as demand comes in at lower price June 4, 2014 ONESAVINGS Bank, the group created in 2010 when the Kent Reliance Building Society was rescued by a £50m cash injection from private equity group JC Flowers, is set to press ahead with its flotation after getting sufficient demand from investors at the lower end of its price range. Shares will be priced at 170p, right at [...]
City Moves for 05 June 2014 | Who’s switching jobs June 4, 2014 Regis The property investment firm has hired James Futter as a senior associate in its acquisition team. He will primarily focus on freehold ground rent portfolio acquisitions in the UK. Futter joins from Barratt Developments, where he was a south region analyst. Jupiter The asset management company has announced the appointment of Ross Teverson as [...]
Terry Smith to quit as boss of Tullett Prebon June 3, 2014 INTERDEALER broker Tullett Prebon yesterday confirmed high profile chief executive and City veteran Terry Smith will step down from the group after nearly eight years at the helm. Speculation about Smith’s departure, which first emerged on Monday, sent shares up nearly five per cent yesterday prior to the statement, made after markets closed last night. [...]
Analyst Views: What did you think of Wolseley’s quarterly trading update? June 3, 2014 PAUL CHECKETTS | BARCLAYS Trading in the third quarter was slightly better than our expectations… However the UK was much worse on like-for-likes with a 3.5 per cent decline, although margin of 5.3 per cent was 20 basis points better. They don’t seem to be getting the balance between growth and margins quite right. CLYDE [...]
Exova appoints Goldman Sachs June 3, 2014 Exova Group, the newly floated laboratory testing company, yesterday said it appointed Goldman Sachs and Credit Suisse as joint corporate brokers. The business, which floated in April, used the two investment banks as joint global co-ordinators, joint sponsors and joint bookrunners on the initial public offering, alongside joint bookrunner Barclays. Goldman has about 10 FTSE [...]
City Moves for 03 June 2014 | Who’s switching jobs June 2, 2014 Charles Stanley The investment management firm has announced the appointment of Paul Abberley as chief investment officer. He was most recently at Aviva Investors, where he was acting chief executive and member of its group executive committee. Prior to that, Abberley spent eight years at ABN Amro Asset Management, where he was chief investment officer for its [...]
Tesco seals deal to sell House of Fraser products June 2, 2014 TESCO has struck a deal with House of Fraser to sell the department store’s products on its website, the supermarket giant said yesterday, as it seeks to stem its declining sales. After trialling the offer earlier this month, Tesco said House of Fraser has agreed to sell 2,000 products from homeware brands including Linea and [...]