City Moves for 29 April 2015 | Who’s switching jobs April 28, 2015 Goodwin Procter The law firm has appointed Catriona Berman as partner in its real estate capital markets practice in London. She will join from Macfarlanes following completion of her notice period, and advises on a wide range of real estate transactions. Metro Bank John Nelson has been appointed head of invoice finance for the bank’s [...]
High season at Ten Trinity Square: Architect Suzette Vela Burkett on restoring a grand Tower Hill landmark April 23, 2015 One of the city’s finest buildings, Ten Trinity Square, is set to re-open at the end of 2016 as a Four Seasons Hotel, with luxury residences on top. It was opened by Prime Minister David Lloyd George in 1922 as the Port of London Authority and it took 11 years to build. It also hosted [...]
Veteran dealmaker Rupert Hume-Kendall calls time on City career at Bank of America Merrill Lynch April 22, 2015 One of London’s best-known investment bankers is bowing out after 18 years at Bank of America Merrill Lynch. Rupert Hume-Kendall, one of the best-known dealmakers in the City, is stepping down from his position as chairman of global corporate and investment banking for Europe, the Middle East and Africa at Bank of America Merrill Lynch. [...]
Metro Bank is the latest challenger bank to eye London float April 19, 2015 The battle between the "big four" high street lenders and the challengers banks just ratcheted up a notch. New kid on the block Metro Bank is eyeing a £1bn initial public offering on the London stockmarket next year, according to the Telegraph. This comes just five years after it emerged to shake-up Britain's banking landscape. [...]
Brits spent £7.5bn on moving house last year: That’s £23,000 in stamp duty, surveyors and other fees if you live in London April 17, 2015 The average cost of moving house in London shot up to £23,000 last year – that's higher than the average (median) UK annual wage. The figures The price of moving house in the UK rose by £431 last year, bringing the average total figure to £8,698 in 2014, up from £8,258 in 2013 and £7,552 in [...]
Hayfever season has arrived – here’s how you can protect yourself against the pollen April 13, 2015 With sunshine, blossoming flowers and every other pleasant thing that arrives with the warmer months, there's also pollen – the culprit of many a summer day spent in extreme discomfort. The hayfever season is upon us, and already sneezes and itchy eyes are causing irritation across the nation. The bad news is, as yet, [...]
London leads UK business activity April 12, 2015 London is leading the way as the UK sees business activity rise at a pace not experienced for seven months, a survey of firms released today shows. Lloyds’ purchasing managers’ index shows all regions across England and Wales were boosted by gains in employment growth.
City Moves for 13 April 2015 | Who’s switching jobs April 12, 2015 Cunningham Lindsey The claims management and third party administration services provider has appointed Mark Thompson as global head of major and complex loss, and chief executive of Cunningham Lindsey International. He has over 20 years’ experience managing loss adjusting and insurance forensic accounting. LME The London Metal Exchange has appointed Andrew Dodsworth as head of [...]
General Election 2015: Labour’s non-dom tax change would hit some of UK’s biggest banks April 12, 2015 Labour's pledge to scrap non-dom tax status would affect top employees at some of London’s leading banks, including RBS, Lloyds and Barclays. Under the non-domicile rule, those with a permanent home abroad currently do not have to pay UK tax on overseas earnings. Only their UK income is taxed, although they have to pay £30,000 [...]
Living close to Waitrose could boost your house price by 12pc April 3, 2015 Premium properties within easy reach of a Waitrose can command a 12 per cent (£38,831) higher price than similar properties in other areas. According to research from Lloyds Bank, houses close to supermarkets enjoy, on average, a seven per cent higher price than other properties in the same town. Lloyds compared the average house prices [...]