After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Car and home insurance costs hit record low January 22, 2014 CAR AND home insurance premiums have fallen dramatically since 2012, a major survey has revealed. Research conducted by the AA shows record falls in the cost to consumers, including £100 sliced off motoring premiums in the last two years alone. But Simon Douglas, director of AA Insurance, warned that prices would not continue to fall in [...]
City Moves for 22 January 2014 | Who’s switching jobs January 21, 2014 Sidley Austin The law firm has announced the appointment of James Oussedik as counsel and senior member of its investment funds practice. Oussedik was most recently at Simmons & Simmons, where he was a managing associate. Partnership Giles Offen has joined the insurance company as chief technology officer. He was formerly at Advanced Payment Solutions, where [...]
City Moves for 16 January 2014 | Who’s switching jobs January 15, 2014 Seddons The law firm has recruited James Ward as a partner in its private client team. He was most recently at Lee Bolton Monier-Williams, where he was a partner in its private client division. HSBC Private Bank The private bank has made two senior appointments. Paul O’Donnell joins as head of UK domestic. He has over 25 [...]
City Moves for 13 January 2014 | Who’s switching jobs January 12, 2014 Smith & Williamson The accountancy and wealth management group has announced the appointment of Tina Riches as national tax partner. She was most recently at the Chartered Institute of Taxation, where she was a technical director. Royal Bank of Canada The bank has recruited Tim Houghton as head of business development in its wealth management [...]
What the other papers say this morning – 10 January 2014 January 9, 2014 FINANCIAL TIMES Taxman hardens stance on disputes The UK taxman has toughened its stance on disputes with big business in response to public pressure over alleged “sweetheart” deals, companies say. Three-quarters of such groups surveyed by Clifford Chance, a law firm, said HM Revenue & Customs had “generally become more aggressive in recent years”. Santander [...]
City Moves for 9 January 2014 | Who’s switching jobs January 8, 2014 YFM Equity Partners The private equity firm has announced the appointment of Paul Cook as chief operating officer. Cook was previously managing director of Access IS, and has also held roles at KPMG, PwC, Sonatest, American Standard and William Baird. BNP Paribas The bank has appointed Gildas Surry as senior credit analyst for European banks. Surry has [...]
City Moves for 8 January 2014 | Who’s switching jobs January 7, 2014 Markel The insurance company has announced the appointment of Maren Modena as a senior risk analyst in its trade credit division. She was most recently at Euler Hermes UK, where she worked for nine years as a senior risk underwriter. Deutsche Asset & Wealth Management The asset and wealth management business has recruited Michael Lee as [...]
Fears mount over China economy amid bank crackdown January 6, 2014 CHINA’S services sector is slowing down more quickly than expected, sparking new fears over the fate of the world’s second largest economy through 2014. Influential business surveys released yesterday showed growth slowing to its weakest pace in more than two years in December. HSBC and Markit’s purchasing managers’ index (PMI) came in at 50.9 in [...]
Best of the Brokers for 18 December 2013 December 17, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ASOS Panmure Gordon has downgraded the online fashion store from a buy to a hold rating,but as increased its target price from 5,950p to 6,126p. After a 124 per cent rise in the share price this year, Panmure thinks this momentum is unsustainable, [...]
Troubled RSA sees ratings put on negative watch by Fitch December 16, 2013 RATINGS agency Fitch has put RSA’s financial strength rating on negative watch after further concerns were raised about the insurer’s ability to maintain its position in the market. And Standard and Poor’s cut its credit rating on RSA and its core subsidiaries from A to A-, arguing that a series of profit warnings indicate management [...]