City Moves for 08 December 2014 | Who’s switching jobs December 7, 2014 BNP Paribas Real Estate James Max has been appointed UK board adviser to the property advisory firm. He joined in January 2014 as a senior advisory director. Max is a media personality and has also held roles at DTZ, Morgan Stanley, and Doughty Hanson. Addleshaw Goddard The law firm has announced the appointment of Katie [...]
Autumn Statement 2014: George Osborne hits banks to help home buyers December 3, 2014 Chancellor plays Robin Hood by grabbing from the wealthy to fund stamp duty sweetener for those lower down property ladder. THE UK ECONOMIC OUTLOOK ● The UK’s economic growth has outperformed the March forecast of the Office for Budget Responsibility (OBR), giving Britain the fastest growth rate in the G7. ● Unemployment has fallen [...]
Nigel Farage’s confusion on sex education is just the latest in a series of Ukip policy flip-flops December 3, 2014 Ukip has once again had to clarify party policy after Nigel Farage appeared to disown the position held by his deputy Paul Nuttall that sex education should be scrapped for primary school children. Speaking in an ITV debate with young voters, the Ukip leader said: I have never advocated that policy … I know there [...]
City Moves for 01 December 2014 | Who’s switching jobs November 30, 2014 Edison Investment Research The investment intelligence firm has announced three UK equity analyst appointments. Peter Thorne joins its financials team from the FCA, where he was a technical specialist. He has also held roles at Pictet, Paribas, Zoete & Bevan, Morgan Grenfell and Citicorp. Jenny Ping joins the industrials team. She has held roles at [...]
Priory clinic opens in the Square Mile: How to tackle stress in the City November 30, 2014 The opening of a Priory clinic in the Square Mile should be a call to action for employers. The Priory Group’s move to open a new wellbeing clinic in the City is a strong indication of an increasing problem. Recent ONS statistics show that the number of working days lost to “serious mental health” [...]
UK plastics firm RPC Group buys Icelandic rival Promens for €386m November 27, 2014 British plastic packaging manufacturer RPC Group announced yesterday it was set to buy Icelandic rival Promens Group for €386m (£307m). The Northamptonshire-based firm is looking to partially fund the deal by raising £200m in a fully underwritten one-for-three rights issue at £320m. The remainder will come from RPC’s existing revolving credit facility, which the [...]
Friends Life and Aviva started merger talks months ago November 26, 2014 Insurance firm Aviva has been in talks about a potential merger with Friends Life for a number of months, City A.M. understands. Discussions began when Aviva chief executive Mark Wilson contacted his opposite number at Friends Life, Andy Briggs. But it was only on Friday when Aviva was forced to confirm the talks due to [...]
Autumn Statement 2014: What free marketeers want from George Osborne and what they’re likely to get November 24, 2014 With the Autumn Statement just a week away, George Osborne is already being inundated with suggestions on how to boost growth and cut the deficit. The CBI has already weighed in with its suggestions, including raising the threshold for employee National Insurance Contributions and cutting business rates. Britain's unemployment rate may have dropped like a [...]
Autumn Statement 2014: This is what the CBI wants George Osborne to deliver November 24, 2014 What will George Osborne get out of his red box when he delivers the Autumn Statement next week? The CBI got off the starting block early with its wishlist, asking for a range of measures to boost British business, including better infrastructure around Stonehenge and business rates reform. Here's what the group businesses wants to [...]
PwC, Uber and Zoopla win big at the 2014 City A.M. Awards November 13, 2014 From Legal & General boss Nigel Wilson to WPP boss Sir Martin Sorrell, you could barely move at the fifth annual City A.M. Awards – held last night at the Grange St Paul's Hotel – without bashing elbows with a few City grandees. The ceremony celebrated the brightest and best of the nation's money-makers – [...]