Scotland is the most attractive place for foreigners to invest outside London May 27, 2015 Outside London, Scotland is the most popular place for foreigners to invest in the UK, according to a report by EY. In its latest UK annual attractiveness survey, it shows how the UK did well overall last year, with total projects from foreign investors increasing by 15 per cent to 799 – its highest number [...]
City Moves for 26 May 2015 | Who’s switching jobs May 25, 2015 Waverton Investment Management Andrew Fleming has been appointed chief executive of the investment management firm. He was most recently chief executive of Cumulus Group and, prior to that, chief executive and chief investment officer of Aegon Asset Management. He began his career at Gartmore Investment Management, before joining ABN Amro. EY The professional services firm [...]
Flying off the scale: Fever-Tree’s Tim Warrillow talks malaria, crane strikes and private equity May 25, 2015 We're seeing a renaissance; it’s incredibly exciting. People are better educated and the market is growing and growing – and quite right too, it’s a great English invention.” Tim Warrillow is talking about the gin and tonic – something the co-founder of maverick drinks company Fever-Tree knows a fair bit about. The gin and [...]
Economists say rate hike will wait until 2016 May 20, 2015 POLICYMAKERS are widely expected to keep interest rates at record lows until 2016, as details of the last meeting of rate-setters revealed they voted unanimously against a rate hike. The Bank of England’s nine-strong monetary policy committee made the decision to keep rates at 0.5 per cent at the beginning of the month, but the [...]
City Moves for 20 May 2015 | Who’s switching jobs May 19, 2015 EY The professional services firm has appointed Andrew Penny as senior advisor to its real estate corporate finance team. Penny has a wide range of experience, and was formerly global co-head of real estate investment banking at JP Morgan. National Counties Building Society Rodger Hughes has been appointed chairman of the Epsom-based building society. He [...]
Labour made a strategic error in opposing an EU vote: It must reverse course May 14, 2015 Now that the stoor is settling, Labour might want to consider some of the blunders Ed Miliband made that helped drive voters towards the Conservatives – or even Ukip. The first is that Labour made a strategic error by not offering an in/out EU referendum. This misjudgement delivered four outcomes that Miliband could have avoided: [...]
City Moves for 07 May 2015 | Who’s switching jobs May 6, 2015 Norton Rose Fulbright The law firm has appointed Richard Hughes as a partner in its London banking and finance practice. He joins from Simmons & Simmons in London. Hughes has over 25 years’ experience as a finance lawyer, and has also worked in-house. Silicon Valley Bank UK The financial services firm has appointed Gavin Hewitt [...]
Ask the crowdfunding industry: Founders James Codling and Dillen Iyavoo on inflated valuations May 6, 2015 The growth rate of equity-based crowdfunding has been impressive. Research by Judge Business School and EY has shown that, between 2012 and 2014, volumes grew from €5m to €111m in the UK, rising four-fold last year. But while more and more individuals are considering both equity and debt-based crowdfunding as a novel but viable investment [...]
Why some foreign investors think an EU referendum would be worth the pain May 5, 2015 The General Election campaign has featured numerous statements from politicians, business leaders and think tanks on the benefits and risks of holding an In/Out referendum so that the people of Britain can decide whether they want to remain in the EU. If we take the potential impact on foreign investment as a guide, EY’s research [...]
UK managers work fewer hours than those in the US May 5, 2015 Managing a team can of employees can be tough, but managers in the UK have an easier ride than their US counterparts, because they get to work shorter hours. Research by professional services firm Ernst and Young, based on interviews with 9,699 full-time employees in eight different countries, found just over a third of UK managers work [...]