Premier Technical Services Group IPO: Electrical safety firm raises cash for £45m listing February 9, 2015 A leading electrical safety firm responsible for working on the King’s Cross redevelopment has raised £8m by floating on London’s junior stock market. West Yorkshire-based Premier Technical Services Group (PTSG) is set to start trading on the alternative investment market tomorrow after raising new funds and selling existing shares to outside investors in an offer [...]
City economists vote to hold rates February 4, 2015 Our guest panel of city economists has voted to hold rates this month. Among the main concerns were lower rates of inflation becoming embedded in people’s expectations. However, one hawk argues that low interest rates are in danger of becoming embedded in borrowers’ expectations. Other concerns were the potential for a new Greek crisis and [...]
City Moves for 03 February 2015 | Who’s switching jobs February 2, 2015 HIG Capital Riccardo Dallolio has been appointed managing director and co-head of European real estate at the private equity investment firm. He previously worked at Axa RE, where he was head of alternatives and special situations, and has also held roles at JP Morgan and Grove International Partners. Coutts The private bank has announced the [...]
City Moves for 02 February 2015 | Who’s switching jobs February 1, 2015 EY Kate Richardson-Walsh has been appointed to EY’s business development team in London. She is a triple Olympian, and has been the captain of England and Great Britain hockey for the past 11 years. She will take up the role while training for the Rio 2016 Summer Olympics. Investec Specialist Bank The bank has announced [...]
Russian trading drags on ITE Group January 29, 2015 BRITISH trade show organiser ITE Group said like-for-like sales in Russia, its biggest market, have been running 20 per cent behind last year’s over the past two months. “Trading conditions in Russia have deteriorated over the past two months following the fall in oil prices and the consequent fall in the value of the rouble [...]
City Moves for 28 January 2015 | Who’s switching jobs January 27, 2015 Hamlins The law firm has announced the appointment of Charles Bezzant as partner. He will be heading up its real estate finance team, and joins from Reed Smith, where he qualified in 2000. Bezzant’s practice covers all finance aspects of property investment and development transactions. RBC Global Asset Management Royal Bank of Canada’s asset management [...]
City Moves for 27 January 2015 | Who’s switching jobs January 26, 2015 Linklaters Nicola Rabson (pictured) has been appointed global head of the law firm’s employment and incentives practice. She succeeds Ruth Goldman, who will remain global head of Linklaters’ pensions teams. Rabson has extensive experience in all areas of employment law. British Business Bank Christopher Fox has been appointed chief financial officer at the bank for [...]
Oxford Instruments warns over weak Russia and Japan trading January 22, 2015 OXFORD Instruments issued a profit warning yesterday, citing weak trading in Russia and Japan. The company, which makes maintenance systems and parts for CT and MRI scanners, warned of a nearly 26 per cent fall in full-year profit. It added that it expects revenue for the second half to be below market expectations. Shares in [...]
Analyst Views: How did Dixons Carphone do well over Black Friday and Christmas? January 21, 2015 ALISTAIR DAVIES | INVESTEC Careful planning and tactical promotions have enabled Dixons Carphone to deliver a strong Christmas trading performance, with the business taking profitable market share through Black Friday….We continue to see scope for upgrades at Dixons Carphone through market outperformance and synergy benefits. DAVID JEARY | CANACCORD GENUITY The strength of trading performance [...]
Positive Pearson picture sends share price up leading FTSE higher January 21, 2015 Shares in Pearson were up as much as five per cent this morning leading the FTSE 100 higher as the education business and publisher of the Financial Times said it expects earnings at the top end of forecasts. Investors were cheered to learn that earnings for 2014 are expected to come in at 66 pence [...]