Governor stands firm on plan for UK interest rates August 28, 2013 INTEREST rates could stay at rock bottom even after unemployment falls below seven per cent, Bank of England governor Mark Carney said yesterday. In a bid to convince sceptical markets he really is serious about keeping rates down for the next three years, Carney said he would look for a wide range of evidence that [...]
G4S sells shares to push down £2bn debt pile August 28, 2013 SECURITY group G4S yesterday drew a line under the swashbuckling era of former chief executive Nick Buckles as it announced a series of drastic moves designed to avoid an embarrassing credit rating downgrade. G4S – whose reputation took a battering after it failed to supply enough guards for last year’s Olympic Games – yesterday raised £350m [...]
Retail sales smash expectations August 28, 2013 THE RETAIL sector is returning to a better state of health according to a widely-regarded business survey published yesterday. Sales in the year to August grew at their fastest rate since November last year, smashing the expectations of economists, the Confederation of British Industry (CBI) said. Nearly half (49 per cent) of the 125 firms surveyed by [...]
City Moves for 29 August 2013 | Who’s switching jobs August 28, 2013 Coutts The wealth division of RBS has appointed Donna Burns as managing director and head of human resources. She joins from The Renaissance Group, where she was most recently managing director and global head of human resources. Burns has also held roles at Goldman Sachs. Barclays Corporate & Employer Solutions The division of Barclays Bank [...]
Solheim glory fuels McGinley’s faith in youth August 28, 2013 RYDER Cup captain Paul McGinley insists he is happy to have rookies on his team for next year’s contest with America and has pointed to Europe’s glorious recent Solheim Cup triumph as proof it can work. Players start accumulating points towards qualification for the next intercontinental showdown at Gleneagles from today, when play gets underway [...]
Any Other Business – 29/08 August 28, 2013 Wealth management firm Vestra hosted the unofficial Square Mile sports day last night, holding its second annual dodgeball tournament at the Honourable Artillery Company’s sports ground in Moorgate. Of course fancy dress was mandatory, with teams from Investec, Aberdeen Asset Management, Barclays and BNY Mellon all looking the part. More competitive than the dodgeball was the battle [...]
Carphone Warehouse completes £650m refinancing with lenders August 26, 2013 MOBILE phone retailer Carphone Warehouse announced today it has signed a huge refinancing deal with its banks, helping to fund the recent £470m buy out of its joint venture partner Best Buy in Europe. The London-listed group has sealed two loans worth £650m from its syndicate of lenders, in one of the largest underwritten deals [...]
City Moves for 27 August 2013 | Who’s switching jobs August 26, 2013 Lloyds Bank The bank’s commercial banking arm has announced the appointment of Jacqueline Keogh as director of global trade. Keogh has over 25 years’ experience in the banking industry. She was most recently at Standard Chartered, where she was managing director, and regional head of banks for Europe in its transaction banking division. B Capital [...]
Barclays champ Scott hails Woods’ former caddie August 26, 2013 GOLF: New world No2 Adam Scott thanked caddie Steve Williams for helping him win The Barclays at the weekend. “He’s the guy who can influence me out there, really,” said Scott. Williams, previously caddie to Tiger Woods, infamously fell out with the world No1 and was accused of making racist comments towards him.
Card firms on hook for £1.3bn mis-selling bill August 22, 2013 THIRTEEN of Britain’s biggest lenders yesterday unveiled plans to repay consumers £1.3bn for mis-selling credit card protection products. Seven million customers bought the products which came from CCP and were sold through high street lenders and retailers. They either provided loss protection already covered by the bank, or were misleadingly advertised. If customers bought card [...]