Why you can bank on the humanities to launch a City career August 15, 2013 PHILOSOPHERS have been making a killing in financial services since Thales of Miletus used options to corner the ancient Greek market for olive oil. So it is fantastic news to see several big banks continuing to recognise how much humanities graduates have to contribute in the twenty-first century: nearly half of the intake at Barclays [...]
City Moves for 16 August 2013 | Who’s switching jobs August 15, 2013 PwC The professional services firm has announced the appointment of Patrick Figgis as global health industries leader. Figgis is a chartered accountant and has spent his career at PwC advising global and local organisations. Coutts Mark Esner has joined the bank’s Manchester office as wealth manager. Esner has over 15 years’ experience in the financial services [...]
Corporate Tube sponsorship could take the pressure off overburdened commuters August 15, 2013 THIS week’s inflation figures all but confirm that Londoners will face a rise in Tube and bus fares of over 4 per cent in January. This may look small compared to projected increases of up to 9 per cent on some of the busiest rail routes into London, but it is still regrettable. It doesn’t [...]
BT teams up with Virgin Media in football battle against Sky August 15, 2013 BT and Virgin Media have announced a three year deal that will give Virgin Media TV customers access to BT Sport TV channels (release). The deal will come into effect from this weekend, and will give Virgin Media’s 3.8m XL customers access to BT Sport 1, BT Sport 2 and ESPN. The deal will boost [...]
Tushar Morzaria to take over as Barclays’ finance boss in October August 14, 2013 JP MORGAN’S chief finance officer will take over as Barclays’ finance director in October, four months earlier than planned, as Chris Lucas stepped down yesterday. Tushar Morzaria had been lined up to take the job in the New Year, but Lucas’ deteriorating health accelerated the plans. The new date may mean Barclays is [...]
City Moves for 15 August 2013 | Who’s switching jobs August 14, 2013 Fitch Learning The financial education firm has announced the appointment of David Gumley to its sales division. Gumley was most recently at BPP Professional Education, where he was commercial director for the northern region. Lloyds Banking Group Eric Jenkins has joined the bank as a director in its acquisition finance division. Jenkins has over 15 years’ [...]
Barclays finance director to step down early August 14, 2013 As City A.M. reported this morning, Barclays has announced its group finance director and board member Chris Lucas will step down earlier than expected due to health reasons. Lucas will leave his post on 16 August rather than the previously announced date of 28 February 2014. Lucas said his health was a “key factor” behind [...]
UK borrowing costs up as 2015 rate rise looms August 13, 2013 BRITISH government borrowing costs hit their highest level since 2011 yesterday as markets began doubting whether interest rates can stay at rock bottom for as long as the Bank of England believes. Bank governor Mark Carney indicated he will only consider raising rates from their current 0.5 per cent when unemployment falls below seven per [...]
Barclays’ finance boss Chris Lucas to leave in coming days August 13, 2013 FINANCE director Chris Lucas is leaving Barclays sooner than expected on grounds of ill health, the bank is expected to announce today. In February the board member revealed his plans to quit and was expected to stay until early 2014. But he has accelerated the timetable, which will see JP Morgan’s chief finance officer Tushar [...]
Analyst Views: Do these results justify Resolution’s restructuring? August 13, 2013 MARCUS BARNARD ORIEL SECURITIES The company is starting to look more interesting as it reorganises its businesses to add value and grow. The shares have performed well but the company is still addressing issues of integration and reorganisation. We would look for more evidence of delivery and growth to drive a further re-rating. Hold. [...]