Mining groups push market up as Lloyds falls – London Report May 18, 2015 Britain’s top share index nudged higher yesterday, thanks to gains in major mining companies, but it was held back by falls in Lloyds and pharmaceuticals company Hikma. The FTSE 100 index gave up early gains to trade up 8.38 points, or 0.1 per cent higher, at 6,968.87 by the close. The index hit a high [...]
UK house prices: What effect does the unemployment rate have on the cost of a home? May 17, 2015 Average house prices in the twenty local authorities with the highest rate of unemployment have risen by just £4,100 since 2009, while low unemployment areas have risen by an average of £65,000, according to analysis from Lloyds. The figures The raw numbers translate to increases of 25 per cent for the areas with the lowest [...]
Whistl’s 2,000 jobs at risk as deliveries end May 11, 2015 Whistl, Britain’s second-largest postal service, has suspended deliveries, putting the jobs of its 2,000 workers at risk. The Dutch-owned company, which was formerly known as TNT Post, has sent home its staff and is reviewing the viability of its loss-making “final mile” service. The move boosted shares in its rival Royal Mail by 3.74 per [...]
Tory MPs demand end to banker bashing: Bank levy debate hots up after historic Conservative election victory May 11, 2015 Conservative MPs and senior City figures want the new government to rein back punitive taxes aimed at banks and avoid weakening one of the UK’s most competitive industries. Shares in banks jumped on last week’s unexpected election result. Defeated Labour leader Ed Miliband had threatened major hikes to the bank levy, more bonus taxes and [...]
City traders pull election all nighter May 7, 2015 THE MOST hotly-contested General Election in decades prompted City workers to stay glued to their terminals last night, with many still at their desks this morning. Traders strived to remain more eagle-eyed than bleary-eyed, watching over markets in case of sudden movements sparked by the race for Downing Street. The scope for market jolts was [...]
City Moves for 08 May 2015 | Who’s switching jobs May 7, 2015 Cording Real Estate Group The real estate investment management firm has appointed Ewan Montgomery as director of investment in its London office. He joins from Aberdeen Asset Management, where he was a property fund director. Montgomery has also held roles at CBRE. Lloyds Banking Group Richard Jones has been appointed managing director for Black Horse [...]
City Moves for 06 May 2015 | Who’s switching jobs May 5, 2015 Cavendish Corporate Finance The sell-side advisory firm has appointed four people to its corporate finance team. Kate Gribbon (pictured) joins as associate director from Deloitte Corporate Finance, where she worked in its consumer business M&A advisory team. David Harris joins as senior researcher from PwC, where he worked in M&A research. Victoria Clarke joins as [...]
Ukip candidate for North East Hampshire, Robert Blay, suspended after threatening to shoot Tory opponent in racist diatribe May 5, 2015 The Ukip parliamentary candidate for North East Hampshire Robert Blay has been suspended with immediate effect. In a video taken at a public meeting by the Daily Mirror, Blay privately lambasted his Tory opponent Ranil Jayawardena with a string of racist abuse. Blay then threatened to shoot the Tory candidate in the head. "I think [...]
City Moves for 05 May 2015 | Who’s switching jobs May 4, 2015 Lloyds Bank Kash Ahmad has been appointed managing director for mid markets in Lloyds Bank Commercial Banking’s global transaction banking division. He previously worked at Barclays Bank for 21 years years, latterly as managing director of inward business for its global corporates division. Mayer Brown The law firm has announced the appointment of David Harrison [...]
Zoopla snaps up price comparison website uSwitch in £190m deal April 30, 2015 ZOOPLA has bought price comparison website uSwitch for up to £190m as the property portal seeks to expand its reach into other household consumer services. Shares in the company rocketed 16.4 per cent yesterday as Zoopla announced it will pay £160m plus a performance-based fee of up to £30m for uSwitch’s parent company Ulysses Enterprises, [...]