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, [...]
Banks are prioritising tech talent to drive innovation May 23, 2012 THE GLOBAL financial services market has seen continued instability, particularly across the Eurozone, creating an extremely challenging operating environment. This has had an understandable knock-on effect on the hiring market. IT hiring on the whole, however, has held up, largely because of new emerging technologies within banks. The current omnipresence of technology in finance, from [...]
Ex-slickers cooking up a storm May 13, 2012 Poncho 8 FOUNDERS Nick Troen (formerly a consultant at KPMG); Frank Yeung (formerly a trader at Goldman Sachs); Nick Birkett (formerly an investment analyst at BlackRock). BUSINESS The first Poncho 8 in Spitalfields opened in September 2009 with the aim of being the first of a fast-casual Mexican chain. www.poncho8.com WHY DID YOU LEAVE THE [...]
Jobs market sees slow but steady expansion May 8, 2012 THE JOBS market expanded further last month, recruitment industry figures showed today, with permanent placements increasing for the fourth consecutive month. However, salaries fell and temporary placements dropped, according to the KPMG and Recruitment and Employment Confederation report on jobs, indicating a slow recovery rather than a boom. In April 35.5 per cent of recruiters [...]
WHO’S SWITCHING JOBS May 3, 2012 KPMG David Ellis has been appointed as a partner and head of KPMG’s UK reward practice, which specialises in advising companies on how to most effectively pay their executives. He joins from BDO, where he was head of human capital and a partner since 2004. Ellis has also previously worked for Ernst & Young and [...]