City Moves for 17 June 2015 | Who’s switching jobs June 16, 2015 CRUX Asset Management The fund manager has appointed Karen Zachary as chief operating officer. She has 20 years’ experience in asset management, and has held positions at Henderson Global Investors, Man Group, Fidelity International and New Star Asset Management. EY Chris Gould has been appointed partner and head of the professional services firm’s cybercrime team [...]
City Moves for 15 June 2015 | Who’s switching jobs June 14, 2015 Zeus Capital The investment bank has appointed Phil Walker as head of healthcare corporate finance. He was most recently executive director in corporate finance at Nomura Code Securities, a boutique investment banking firm he co-founded. Walker has also held roles at WestLB Panmure and Panmure Gordon. Charles Stanley Ben Money-Coutts has been appointed chief financial [...]
UK’s £56bn aerospace, defence, security and space sectors come out strongly against Brexit June 11, 2015 A whopping 86 per cent of the UK's £56bn-a-year aerospace, defence, security and space sectors want Britain to remain part of the European Union, a new study has found. Just two per cent of companies in the combined sectors' trade body ADS said Brexit would have a positive impact on their business. The [...]
UK aerospace and defence sector flies high amid booming sales June 10, 2015 The UK aerospace and defence sector enjoyed a record year last year, with industry pundits predicting the boom times will be here for a while. The UK currently controls 17 per cent of the sector’s market share – second only to the US. “We are in a global growth market which could top £3.6 [...]
Total cash spent at UK retailers is on the climb June 8, 2015 UK retail sales are ticking upward with evidence that confidence is rising, as consumers spend more on big-ticket items. Total spending at retailers grew by 1.8 per cent in the three months to May compared with the same period last year, according to figures published today by the British Retail Consortium (BRC) and financial services [...]
Why a compulsory living wage is not the best way to help society’s poorest June 8, 2015 The Living Wage Foundation – which lobbies employers to pay £9.15 an hour in London and £7.85 elsewhere – has never called for statutory implementation of its cause. It considers itself to be a pragmatic civil society movement, encouraging firms to pay their low-paid workers enough to live comfortably. But the campaign has been hijacked [...]
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 [...]