Green shoots for jobs in the City in spite of Eurozone’s worries June 11, 2012 RECRUITMENT in the City and throughout the UK is defying the gloomy economic outlook despite increasing worries over a crisis in the Eurozone. London’s financial sector boosted the number of jobs available in May by 17 per cent compared to April, according to a Morgan McKinley survey released this morning. And three quarters of workers received [...]
Consultancies will help to decide size of bailout June 10, 2012 SPAIN has refused to say how much cash its ailing banks need until audits from two consultancies, Oliver Wyman and Roland Berger, have been completed. While the IMF has already estimated that Spanish banks need a capital injection of between €40bn and €80bn (£32.4bn and £64.7bn) under its own stress tests, Madrid has decided to [...]
Ella’s Kitchen has been cooking on all cylinders June 10, 2012 ANY parent fighting against the near-impossible battle to keep their toddler’s diet healthy will have heard of Ella’s Kitchen. Gracing the shelves of the nation’s supermarkets, Paul Lindley’s gastronomic creations are a contemporary take on uniform baby food and a healthy alternative to sweets for snacking kids. Lindley claims the success of Ella’s Kitchen is [...]
CITY MOVES | WHO’S SWITCHING JOBS June 7, 2012 Marsh & McLennan Mark Weil has joined the insurance broker and risk adviser as chief executive. He will oversee Marsh’s UK and Ireland operations. Weil graduated from the University of Cambridge with an engineering degree and has 15 years of consulting experience with Marsh’s sister company Oliver Wyman. Eruma Nicolas Marks has joined the specialist [...]
CITY MOVES | WHO’S SWITCHING JOBS June 6, 2012 Winston & Strawn Justin McClelland has joined the law firm from Milband as a partner in its global commercial litigation practice. He started his legal career at Slaughter & May, and previously served in Army Legal Services, reaching the rank of lieutenant colonel. He was appointed a Member of the British Empire (MBE) in 1998. PIMCO [...]
£140m deal for Makro UK will boost Booker May 30, 2012 FOOD wholesaler Booker aims to turn around the loss-making cash and carry firm Makro UK after taking it off the hands of German retailer Metro in a £140m deal. It will hand Metro £15.8m and a 9.99 per cent stake in Booker as the two firms agree to work together on improving their supply chains [...]
Greggs lifted by government rethink on VAT May 29, 2012 SHARES in the UK’s biggest bakery chain Greggs leapt eight per cent yesterday as businesses welcomed the government’s U-turn on its controversial changes to the so-called pasty tax. Plans in the Budget would have seen foods charged 20 per cent VAT if they were sold at “above ambient temperature”, hitting shops such as bakers, which [...]
A VERY FISHY SMELL IN BRUSSELS May 29, 2012 CHIPPIES across Britain are being urged by their industry body to reject the perceived unfair favouritism towards bakers, and call for fish and chips to be exempt from VAT in the same way as bakers are. The National Federation of Fish Friers’ (NFFF) is closely monitoring a sandwich shop’s legal challenge to the tax under [...]
CITY MOVES | WHO’S SWITCHING JOBS May 28, 2012 DC Advisory Partners The corporate finance advisory firm has appointed Jack Dessay as an executive director in its technology, media and telecommunications team. He joins from Deutsche Bank, where has worked for the past six years. Dessay has also held senior posts at Citigroup, working from its New York and London offices. KPMG Charlie Patrick [...]
Top panel at Norwood M&A Network dinner May 23, 2012 If you weren’t at the Le Meridien Hotel last night, there’s a good chance you’re behind on the latest City gossip. The Piccadilly hotspot played host to the third annual M&A Network dinner, chaired by former Sunday Times business editor and FTI Consulting guru John Waples. Proceeds went to the charity Norwood. The panel included Mark Florman, [...]