Rock bottom rates might not rise until 2016 January 8, 2015 POLICY makers at the Bank of England kept interest rates at 0.5 per cent yesterday. The decision was widely expected as inflation is expected to fall further below the Bank’s two per cent target over the next few months. In December, inflation as measured by the annual change in the consumer price index was one [...]
Analyst Views: What was your reaction to Boohoo’s trading update? January 7, 2015 ALISTAIR DAVIES | INVESTEC Boohoo’s statement highlighted a competitive and challenging UK market, resulting in slower-than-anticipated sales growth. International saw an encouraging rebound in ROW, reflecting benefits from price reinvestment, with Europe delivering mixed results. Lower sales growth… led us to cut our forecasts materially. MATTHEW MCEACHRAN | N+1 SINGER Boohoo has delivered 25 per [...]
City Moves for 08 January 2015 | Who’s switching jobs January 7, 2015 Investec The bank’s corporate and institutional banking division has announced the appointment of Florian von Hartig as head of debt capital markets. He joins after nine years at Standard Bank, where he was global head of debt primary markets. JLL UK The real estate-focused professional services and investment management firm has appointed two new sustainability [...]
City Moves for 06 January 2015 | Who’s switching jobs January 5, 2015 Stanhope Capital The investment office has announced the appointment of Charles Mesquita as a senior director in its charity team. He has over 25 years’ investment experience, and has previously held positions at Newton Investment Management and Rensburg Sheppards (now Investec). Simmons & Simmons Matthew Pitman has been promoted to partner at the law firm. Based [...]
Is 65 too young? London professionals retire later than those in the rest of the UK December 18, 2014 Professionals in London are increasingly likely to believe that a retirement age of 65 or below is too young, according to an Investec Private Bank study published yesterday. Across the country, 72 per cent of professionals think it is appropriate to retire between 60 and 65. By contrast in London, only 51 per cent [...]
Investec issues apology to Benjamin Lawsky after analyst Ian Gordon’s Eric Garner gaffe December 10, 2014 South African bank Investec gave US regulator Benjamin Lawsky a grovelling apology last night, after one of its analysts compared Lawsky’s actions against Standard Chartered to the treatment of Eric Garner – an unarmed black man who died at the hands of police officers in America. At a time of inflamed tensions over police behaviour in the [...]
Former Quindell chair slashes his share holdings December 10, 2014 SHARES of embattled insurance outsourcer Quindell lost over a quarter of their value yesterday after founder and former chairman Rob Terry sold off most of his remaining stock. Since April, when mysterious US short seller Gotham City Research published a note questioning its business and profits, shares in the company have lost more than 80 [...]
Investec “I can’t breathe” research note comparing Eric Garner’s death to bank’s regulatory woes provokes angry reaction December 10, 2014 The dying words of Eric Garner, whose untimely death has sparked a wave of protests across the US, have become a rallying cry for millions of Americans protesting against US police tactics. But it is not a phrase that banks should be using to discuss corporate research, brand and marketing professionals said yesterday. “I can’t breathe,” [...]
City Moves for 11 December 2014 | Who’s switching jobs December 10, 2014 Baringa James Belmont joins the management consultancy as director of its new risk analytics service. Belmont has over 15 years’ experience in consultancy and industry, and has held senior positions at Barclays, Alliance & Leicester and PA Consulting. Linklaters The law firm has appointed Scott Campbell as managing partner for the United Arab Emirates. The [...]
City Moves for 09 December 2014 | Who’s switching jobs December 8, 2014 TSP The commercial property agency has announced two promotions. Jonathan Vanstone-Walker becomes director of surveying & agency. He joined TSP in 2011. Abigail Bridgland (pictured) becomes senior associate surveyor. She has been at the firm for two years. State Street Matt Davey has been appointed senior vice president and head of the asset manager client [...]