Chinese builder CCECC considering bid for UK’s Balfour Beatty June 7, 2015 British construction group Balfour Beatty is being considered as a potential takeover target by the China Civil Engineering Construction Corporation (CCECC), despite chief executive Leo Quinn’s commitment to keeping Balfour an independent company. The Chinese state-owned firm is reported to be in talks with the aim of making an offer for the company, which is [...]
Fears for UK economic recovery as slowing job growth puts more pressure on the service sector June 5, 2015 Not great news for the UK's jobs market: research from REC and KPMG has revealed that the rate of hiring had slowed to a four-month low, with the bullish service sector carrying the majority of the load. The data comes just two days after a report showed growth in the UK’s service sector slowed at [...]
Wages in London grow faster than in the rest of the country June 4, 2015 Wages in the capital are increasing faster than they have in nearly a year, according to a new survey out today. The survey, carried out by the Recruitment & Employment Confederation and KPMG, found that wages for permanent employees in London increased for the twenty-fourth successive month in May, marking an uninterrupted, two-year trend of successive [...]
Confident Brits set for new car purchase record June 4, 2015 NEW CAR sales are being tipped by analysts to break their all time annual record this year after they increased for the 39th consecutive month in May. Brits registered 198,706 new cars last month, according to data from the Society for Motor Manufacturers and Traders (SMMT). The figure is up 2.4 per cent on the [...]
City Moves for 3 June 2015 | Who’s switching jobs June 2, 2015 Fairstone Group The financial advisory business has appointed Hannah McGivern as marketing manager. She joins from Gardiner Richardson, a creative communications agency, and has also held positions at Bond Dickinson and Newcastle Science City. MSCI Antti Savilaakso has been appointed European head of environmental, social and corporate governance (ESG) research at the research-based indexes and [...]
City Moves for 01 June 2015 | Who’s switching jobs May 31, 2015 Aviva Investors The asset management firm has appointed James Tothill as head of third party sales. He joins from Aria Capital Management, where he was head of strategic partnerships. Tothill has also previously worked as head of global partnerships at Henderson Global Investors. State Street Effie Datson has been appointed global head of product for [...]
Sterling climbs after rebound in retail sales May 21, 2015 THE STERLING rose sharply against the dollar yesterday on the back of stronger-than-expected retail sales, boosting confidence in the strength of the UK economic recovery. Retail sales rose 1.2 per cent in April on the month, the strongest increase since November, as the warmer weather boosted demand for summer clothing. The figures, released yesterday by [...]
City Moves for 21 May 2015 | Who’s switching jobs May 20, 2015 LDC The private equity investor has appointed Simon Adcock as a portfolio director. Adcock, a qualified accountant with nearly 20 years of big four advisory experience, joins from Deloitte, where he was regional head of its corporate advisory business. He began his career at KPMG. Duff & Phelps The valuation and corporate finance adviser has [...]
City Moves for 18 May 2015 | Who’s switching jobs May 17, 2015 BT Alison Wilcox has been appointed group HR director at BT. She joins from Vodafone, where she has been regional HR director for Europe for the past 18 months. Wilcox has also worked as regional HR director for Africa, the Middle East and Asia Pacific at the mobile operator. Centrus Advisors The treasury and debt [...]
City Moves for 13 May 2015 | Who’s switching jobs May 12, 2015 BNP Paribas Real Estate Simon Durkin has been appointed head of UK research at the property advisory firm. He joins from Deutsche Asset & Wealth Management, where he was head of research and strategy for Europe in its alternatives and real assets division. Durkin has also held senior roles at CoStar Group. Newton Investment Management [...]