London airport expansion: Parties must pledge action now before we fall further behind February 2, 2015 Today, the Airports Commission’s public consultation on the three shortlisted proposals for airports expansion – which include a third runway at Heathrow, extending an existing Heathrow runway, or a second runway at Gatwick – at long last comes to an end. By the time Sir Howard Davies publishes his final recommendations later this year, we [...]
Balfour Beatty reveals £800m contract win from Thames Water February 2, 2015 Balfour Beatty has secured a major deal with Thames Water to maintain and install water infrastucture across the utility firm's network. The five-year project is a joint venture with Skanska and MWH Treatment (known as SMB). The contract as a whole is worth £800m and will be worth around £265m to Balfour Beatty. Once it has [...]
Failure to save is socially irresponsible: Only bold policies will fix this crisis February 1, 2015 PEOPLE are not saving enough. We hear that all the time and yet we ignore this uncomfortable truth and carry on with our daily lives. Only half of us have a pension scheme and, even allowing for other savings and investments, most of us have probably not put away enough, especially given the spiralling cost [...]
UK school league tables: City-backed Hackney Academy goes to top of the class as Eton, Harrow, Winchester and St Paul’s fall January 29, 2015 Some of the top names in UK education have seen their positions in league tables plummet, after a change in how they are calculated. Eton, Harrow, Winchester and St Paul’s all received zero per cent against the government’s new benchmark of five good GCSEs including English and maths – because pupils at those coveted schools [...]
City Moves for 30 January 2015 | Who’s switching jobs January 29, 2015 Standard Chartered Aaron Russell-Davison has been appointed head of debt capital markets at the bank. He joined Standard Chartered in 2009, and has worked as head of Asian bond syndicate, global head, bond syndicate, and most recently as head of capital markets, ASEAN. UBS Global Asset Management Rachel Hill has been appointed UK business development [...]
Alpari UK clients may have to wait six weeks to access funds January 26, 2015 Customers of forex and spreadbetting site Alpari UK could have to wait four to six weeks before they can re-access their funds, one of the bidders to buy parts of the collapsed firms warned yesterday. Administrators from KPMG are pooling client funds, and will pay clients the money from their accounts when it is certain [...]
Exclusive: Fifty suitors bid for remains of FX firm Alpari UK January 26, 2015 More than 50 companies are bidding to buy all or part of failed forex and spreadbetting firm Alpari UK, City A.M. understands – with international units of the wider Alpari group among those who are interested. Alpari’s Japanese and Russian arms are thought to be most involved. Firms including ETX Capital, Oanda, Iron FX and [...]
City Moves for 26 January 2015 | Who’s switching jobs January 26, 2015 Spencer Ogden The energy recruitment specialist has announced two appointments. Brad Lewington (pictured) has been promoted to director of Europe, the Middle East, and Africa, alongside his existing position as head of Asia Pacific. Kristen Zeilerbauer becomes managing director in London. Renaissance Capital The investment bank has announced the appointment of Seki Mutukwa to its [...]
Balfour is warning on profit but KPMG offers constructive advice January 22, 2015 CONSTRUCTION giant Balfour Beatty warned yesterday that it expected profits for 2014 to be £70m lower due to problems with contracts. Accountants KPMG have been reviewing the firm’s construction business and found that it had been bidding with “optimistic assumptions”. KPMG added it had not been managing contracts effectively. Balfour Beatty has also shelved a planned [...]
Alpari administration: “More than 40 buyers” are sniffing around Alpari January 22, 2015 Administrators for spreadbetter Alpari UK, have received more than 40 expressions of interest for the firm, it is understood. The company called in KPMG as its administrator on Monday, after it made huge losses following a decision by the Swiss central bank to remove its currency ceiling, which caused the Swiss franc to jump 30 per [...]