CITY MOVES | WHO’S SWITCHING JOBS February 8, 2010 Piper Jaffray The mid-market investment banking firm has appointed Nimish Shah as a principal in its US equity sales team. Shah joins after eight years in Cantor Fitzgerald’s US equity sales team, working for FTSE 100 companies including insurer Legal & General and oil giant Shell. He has also previously spent time at the likes [...]
Eurozone’s tough time continues February 8, 2010 THE eurozone faces another difficult week amid mounting worries over budget deficits in Greece, Spain and Portugal. Finance ministers from the G7 countries meeting in Canada at the weekend insisted on a European solution to the problems rather than an IMF rescue. “We told our partners we had to solve the problem ourselves,” said Jean-Claude [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 4, 2010 FINANCIAL TIMES UNION “NOT MILES APART” FROM BA The broad outlines of a settlement in the dispute between British Airways and its cabin crew are emerging in informal talks between the two sides, the Unite union said yesterday. “We’re not miles apart,” said Steve Turner, national officer for aviation at Unite, which represents BA’s 12,000-plus [...]
Osmond vehicle blames poor markets as it raises £80m less than expected February 4, 2010 HUGH Osmond, the entreprenuer behind Pizza Express, the Punch pub group and Pearl insurance, has raised less than he hoped for his new acquisition vehicle Horizon. Osmond, who originally hoped to raise £500m from equity investors, revealed yesterday that the group had raised £417.7m from new shares at £10 a share. Advisers to the share [...]
CITY MOVES | WHO’S SWITCHING JOBS February 4, 2010 Betfair Ian Dyson, finance director of retail giant Marks and Spencer, has taken up a new non-executive directorship at the betting firm. Dyson, who joins the Betfair board immediately, joined M&S in June 2005 as group finance director, becoming group finance and operations director in 2008. He was also formerly finance director at the Rank [...]
Tory economic plan is a damp squib February 2, 2010 IT should have been an important moment, the day the Tories unveiled their masterplan to sort out the economy. So it was with some trepidation that I turned to George Osborne’s 23-page document, tantalisingly entitled “A new economic model”. I shouldn’t have bothered: the report is a damp squib. A few of the proposals are [...]
CREDIT RECOVERY BOOSTS METLIFE February 2, 2010 MetLife’s fourth-quarter earnings fell 70 per cent because of investment losses, but its operating profit beat Wall Street expectations by a penny yesterday as the credit market recovery boosted revenue at the biggest US life insurer. MetLife’s quarterly operating profit was five times higher than last year, at $793m (£496m), or 96 cents per share.
Shared ownership suits City workers, not just teachers January 28, 2010 LONDON house prices might have risen some 5 per cent since last January but as any first-time buyer will tell you, it is tougher than ever to get on the property ladder. With mortgage approvals still below their long-term average and deposits often as high as 40 per cent, even young professionals earning a decent [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 27, 2010 FINANCIAL TIMES TWITTER WORKS ON TECHNOLOGY TO EVADE CENSORS Twitter, the internet social network, is developing technology it hopes will prevent the Chinese and Iranian governments being able to censor its users. Evan Williams, the chief executive and co-founder of Twitter, which has been credited with helping anti-government protesters in Iran to organise resistance, said [...]
CITY MOVES | WHO’S SWITCHING JOBS January 27, 2010 Aviva The insurance giant said yesterday Patrick Regan, its incoming chief financial officer and executive director, will step up to his new role on 22 February. Regan was previously group chief operating officer and chief financial officer at Willis Group, and has also held finance roles in the past at the likes of RSA and [...]