City Moves for 28 November 2013 | Who’s switching jobs November 27, 2013 Harrington Cooper The fund distribution firm has appointed Henry Foster as sales manager in its discretionary sales team. He joins from Neptune Investment Management. Foster has also held roles at Citigroup Asset Management and Western Asset Management. MassMutual Gary Smith has been appointed head of sovereign wealth funds and official institutions for MassMutual’s asset management [...]
United Utilities discounts prices as profit rises £29m November 27, 2013 United Utilities, the UK's largest water company, saw first-half underlying operating profit rise £29m to £343.2m, from £314.7m last year. The company said it will use a £75m tax rebate to provide a £20m customer discount, offsetting the allowed real price increase for 2014/15. Revenue increased to £853.3m, from £822.9m a year ago. This, said [...]
HS2 bill begins its long route to the starting line November 25, 2013 THE GOVERNMENT kicked off years of parliamentary jostling over the High Speed 2 project yesterday by publishing the law needed to start building work. The hybrid bill was hailed as a major step forward by supporters and a vanity project by campaigners attempting to block the scheme. The bill sets out street by street the [...]
Cupid’s chief to step down after a loveless year November 25, 2013 ONLINE dating company Cupid will have a new chief executive from next week, replacing Bill Dobbie as it struggles to turn around its business after a share price collapse of 72 per cent so far this year. Phil Gripton, currently Cupid’s managing director of dating services, will take over from Dobbie as chief executive on [...]
Full steam ahead as government publishes HS2 hybrid Bill November 25, 2013 The Bill for phase one of HS2, which gives the government the power to start building the railway, is being published today. The hybrid Bill, which is effectively the planning application for the scheme, will also give individuals the chance to petition parliament both for and against the proposals. Transport secretary Patrick Mcloughlin said: The Bill [...]
EY to snap up rival KPMG’s Danish arm… November 20, 2013 THE DANISH arm of KPMG announced yesterday that it is to be merged into EY’s global operations, a major victory for the firm formerly known as Ernst & Young over its big four rival. Jesper Koefoed, head of KPMG’s branch in Denmark said that the organisation’s strong local market position would be beneficial in combination [...]
City Moves for 21 November 2013 | Who’s switching jobs November 20, 2013 Barclays The bank has announced the appointment of James Brincat to its Beyond Benefits business. He has over 12 years’ experience working in financial services. Brincat was most recently at Thomsons Online Benefits, where he was an account director and head of partnerships. ING The financial services group has hired Leo Greve as head of [...]
Investors buy player shares November 20, 2013 CASH-STRAPPED clubs selling off players’ transfer rights as an alternative to taking bank loans has become a growing trend in Europe, according to a report by KPMG Europe’s Spanish division. The practice of third-party ownership is being undertaken by clubs including Champions League competitors Porto and Atletico Madrid, according to the report, which also states [...]
Aberdeen set to win £500m bid battle for Swip November 18, 2013 ABERDEEN Asset Management is poised to sign a £500m deal to buy Scottish Widows Investment Partnership (Swip) after beating a rival bidder to land the company. The all share deal – which would give Lloyds just under a 10 per cent stake in Aberdeen – is set to be unveiled this morning after the other [...]
City Moves for 14 November 2013 | Who’s switching jobs November 13, 2013 Baker & McKenzie The law firm has announced the hire of Mark Bevington as principal tax adviser in its London corporate tax practice. Bevington specialises in UK domestic taxation. He was most recently at Ernst & Young, where he was a partner. Ernst & Young The professional services firm has appointed David Kilshaw as a partner in its private [...]