One in three homeowners disappointed with their progress up the housing ladder September 3, 2016 A third of homeowners are disappointed with their progress up the housing ladder, new research has found. Some 33 per cent expected to have advanced further than they currently have, according to a Lloyds Bank survey of around 1,000 homeowners. The figure increases among first-time buyers, 43 per cent of whom said they are lagging [...]
City Moves for 2 September 2016 | Who’s switching jobs September 2, 2016 Noble Foods Group John Gildersleeve has been appointed chairman of Noble Foods Group. John will oversee the implementation of the group's growth strategy for diversification and acquisitions. John spent 20 years on the Board of Tesco during its period of rapid expansion. Currently he is the chairman of British Land, a FTSE top 50 property [...]
The cost of private schooling is soaring – especially in London August 28, 2016 The total cost of private school education has soared to more than £150,000, according to new research. Research from Lloyds Bank has found that parents paid an average of £156,653 in fees for children who started reception in 2003 and left education in 2016, after year 13. In that time, parents have seen average annual fees rocket by 83 per [...]
UK banks’ share prices set new post-referendum highs August 24, 2016 Shares in UK banks are standing at a post-referendum high after a string of encouraging economic data has restored confidence in the health of the sector. Lenders with big domestic footprints were hit hard in the days after the 23 June referendum. Share prices fell by as much 40 per cent. Both Barclays and RBS suffered the [...]
Startups in London raised more funding than in any other European city this year August 22, 2016 Forget Brexit fears: London's startup community is alive and well, new research has suggested – with startups in the capital receiving more investment in the first half of this year than in any other European city. This chart, put together for City A.M. by Statista using figures from EY's Startup Barometer Germany report, shows London startups received €1.3bn (£1.1bn) [...]
Watch out, big banks: The claims are coming, and here’s the lawyer who’s bringing them August 21, 2016 Before the rigging scandals started to rock the City, most people would have been wholly unfamiliar with the idea of a 4pm fix or the Libor question. Then, in 2012, Barclays’ chief executive Bob Diamond sent shockwaves through the financial centre, as he stepped down from his role. Just days before, the bank had been [...]
Digital disruption comes to TV production with new online “stock market” August 21, 2016 Watch out, TV production industry: digital disruption is coming. At least it will be if David Frank, the founder of independent TV production company RDF Media and former chief executive of international company Zodiak Media, is successful in his new venture. Three years after stepping down from his position at Zodiak, Frank along with his brother, [...]
UK fintech funding has fallen – but don’t panic just yet August 18, 2016 Cash being ploughed into the UK's fintech startups fell in the latest quarter – but don't panic just yet. The value of funding declined by 12 per cent to $103m (£78.4m) in the second quarter of the year, however, the number of deals being done in one of the hottest sectors remained steady, the latest figures from KPMG and CB Insights [...]
City Moves for 17 August 2016 | Who’s switching jobs August 17, 2016 Allianz Global Corporate & Specialty Allianz Global Corporate & Specialty (AGCS) has appointed Stewart Eaton as head of product recall for regional unit London. As an experienced product recall underwriter, he joins AGCS’ crisis management team to manage the product recall book. He will report to Tim Galloway, AGCS regional head of liability. Eaton joins from Castel [...]
City Moves for 11 August 2016 | Who’s switching jobs August 11, 2016 The Crown Estate UK real estate business, The Crown Estate, has appointed Robin Budenberg as chairman. Robin is a prominent figure from the UK finance sector and his appointment follows the retirement of Sir Stuart Hampson. He is currently London chairman of Centerview Partners and a non-executive director for Charity Bank and the Big Society Trust. Robin is the [...]