April heat can’t stop the City’s marathon stars April 14, 2014 THE SUN was cracking the flags yesterday as an estimated 36,000 people took part in the London Marathon. As ever, the City certainly didn’t disappoint, with hundreds of financial professionals pulling on the Lycra and taking part. Barclays alone had an estimated 150 runners racing, while private equity firm LDC had 14 people running for [...]
London Report: Cheer for UK as real pay up and inflation falling April 14, 2014 BRITAIN’S economy is set to put the recession firmly behind this week with news of the first real wage growth in four years and falling unemployment. Inflation and unemployment data are expected to show wage growth in March beating inflation. Capital Economics’ Paul Hollingsworth said: “The latest earnings data should show that the squeeze on [...]
Analyst Views: How are Hays and the other recruiters faring? April 10, 2014 PAUL JONES | PANMURE GORDONA good update from Hays, with impressive UK growth and further evidence of a pick-up in activity levels and profitability. We believe recruitment stocks could now deliver increasing levels of profitability as activity and productivity levels improve, and with increasing client confidence the outlook remains positive. DAVID O’BRIEN | SHORE CAPITALWe [...]
Foreign tourists spending more on British trips April 10, 2014 ALMOST seven million people visited the UK from overseas this winter, generating a fifth more for the British economy than they did a year earlier. In the three months to the end of February, 6.95m international visitors splashed out £4.55bn while they were in the country, up 21 per cent on the same period last [...]
City Moves for 11 April 2014 | Who’s switching jobs April 10, 2014 Saffery Champness The accountancy firm has made two senior appointments. Jamie Cassell (right) joins its business advisory group as a partner. He specialises in advising entrepreneurs and owner-backed businesses. Cassell was previously a partner at Blick Rothenberg and a director at BDO. Niraj Patel has been promoted to partner. He joined in 2000, and was [...]
Cameron forced onto the defensive as Miller quits April 9, 2014 DAVID Cameron was struggling to restore his authority last night, after his attempt to keep Maria Miller as culture secretary despite overwhelming public anger ended in failure. Cameron acknowledged that public concern over MPs’ abuse of expenses was “still very raw” and that more had to be done to rebuild trust. Ed Miliband accused Cameron [...]
Inside Track: HSBC to get one over on Barclays with capture of Moreno April 9, 2014 LIKE hands-on managers who get rebranded as directors of football, senior advisers at investment banks often find their august titles are merely stepping-stones on the way to a graceful exit. HSBC’s latest recruit suggests that theory is unfounded at Europe’s largest bank. City sources say it has signed up Glen Moreno, the chairman of Pearson, [...]
Barclays still most complained about bank, yet gripes decrease April 9, 2014 BARCLAYS Bank saw the highest number of complaints to the Financial Conduct Authority between July and December 2013, figures showed yesterday. Overall, the bank notched up 309,494 complaints – which was down 17 per cent compared to last year, followed by Lloyds Bank with 256,656, which was a decline of one per cent. The FCA [...]
Blur’s Alex James plays King of the farmyard in Canary Wharf April 9, 2014 KING may be in its post-IPO quiet period but the games-maker made a pretty loud statement in Canary Wharf yesterday. In a bid to push its latest game, Farm Heroes Saga (think Candy Crush but um, on a farm) King’s marketing whizzes set up a farm pop-up outside the station. It came with all of [...]
Complaints against financial services companies drop by 15 per cent April 9, 2014 The Financial Conduct Authority has announced that 2,479,029 complaints were opened against financial service firms between July and December 2013. That's down 15 per cent from the 2,911,154 complaints reported in the previous six month period. PPI claims saw the greatest number of claims, with 1,390,756 opened during the period. That number is down 22 [...]