New UK car sales are showing few signs of braking March 6, 2014 BRITISH motorists kept buying new cars in February, industry data out yesterday showed. Registrations rose three per cent on a year ago to 68,736 cars. February is a traditionally quiet month for car purchases ahead of the new year’s number plates being released in March. The Society of Motor Manufacturers and Traders has forecast a [...]
Most British motorists wouldn’t use a driverless car March 4, 2014 The Geneva Motor Show opens today, bringing with it the car industry’s latest attempts to show off driverless vehicles – but British motorists look unlikely to adopt the new technology any time soon. Swiss firm Rinspeed is exhibiting the XchangE, a concept car based on the Tesla Model S that allows passengers to sit facing [...]
City Moves for 04 March 2014 | Who’s switching jobs March 3, 2014 Freshfields Bruckhaus Deringer The law firm has named London-based corporate partner Martin Nelson-Jones as co-head of its infrastructure and transport sector group. He joined in 1991 and became a partner in 2001. BNY Mellon The investment management firm has announced the appointment of Frank La Salla as chief executive of its alternative investment services business. He [...]
What the other papers say this morning – 03 March 2014 March 3, 2014 FINANCIAL TIMES Britain to scrap VAT on Bitcoin trades Britain’s tax authority plans to ditch value added tax on Bitcoin trading only days after the collapse of Mt Gox, one of the virtual currency’s leading exchanges, losing almost $500m of customer deposits. In a meeting with a group of UK traders last week, HM Revenue [...]
City Moves for 03 March 2014 | Who’s switching jobs March 2, 2014 Berwin Leighton Paisner The law firm has announced the appointment of Adam Dann as departmental managing partner of its finance division. He has led its projects and infrastructure group since 2010. Prior to that, he held roles at Hardy Oil & Gas and Dewey Ballantine. Aldermore Asset Finance The bank has made four appointments to [...]
City Moves for 18 February 2014 | Who’s switching jobs February 17, 2014 Morrison & Foerster The law firm has announced the appointment of Philip Slater as a partner in its financial transactions group. He joins from Reed Smith, where he led its acquisition and leveraged finance practice in London. Prior to that, Slater was a partner at Addleshaw Goddard. Santander Corporate & Commercial Charles Garfit has been appointed head [...]
Consultants are called in to help at more firms February 17, 2014 MORE FIRMS are hiring management consultants to help them troubleshoot and hone their businesses, boosting revenues for the consultancies themselves by 4.8 per cent last year. Management consultants made revenues of £5.6bn in 2013 and the industry is expected to grow at an even faster pace this year, according to figures from Source Information Services, [...]
Footfall rises but high street is still losing out February 17, 2014 HIGH-STREET shops have failed to make any gains from improved footfall in January’s sales, continuing to slip behind other platforms for bricks and mortar retailers. A boost to sales following Christmas didn’t translate into more traffic for high streets, according to new figures released today by Springboard and the British Retail Consortium (BRC) – but [...]
KPMG helps fund big data school February 17, 2014 KPMG is paying for 100 PhD students from around Europe to be schooled in data science in London this summer, as part of the professional service giant’s push into the big data business. “It is a win-win situation where companies have a chance to interact with the brightest minds in Europe, and PhDs get commercial [...]
City Moves for 17 February 2014 | Who’s switching jobs February 17, 2014 Baker Botts The law firm has announced the appointment of Robin Mizrahi as a senior partner in its global projects group in London. He specialises in project finance, energy and infrastructure in emerging markets, and joins from Chadbourne & Parke. Investec Asset Finance Andrew Woodward has joined Investec Asset Finance as head of materials handling. [...]