Eyesore or beauty? The 14 postwar office blocks listed by English Heritage January 28, 2015 Whether you're a fan or take an altogether more "Prince Charles" attitude to post-war architecture, office buildings provide some of the finest examples of it. And turns out English Heritage thinks it's worth preserving: the organisation has listed 14 of the UK's best-loved (or most-hated) post-war offices. According to English Heritage, the buildings – which [...]
City Moves for 27 January 2015 | Who’s switching jobs January 26, 2015 Linklaters Nicola Rabson (pictured) has been appointed global head of the law firm’s employment and incentives practice. She succeeds Ruth Goldman, who will remain global head of Linklaters’ pensions teams. Rabson has extensive experience in all areas of employment law. British Business Bank Christopher Fox has been appointed chief financial officer at the bank for [...]
Metro Bank trims losses as loans and deposits double over 2014 January 21, 2015 Challenger bank Metro cut its losses to £8.9m in the final quarter of 2014 as it edges towards profitability, its financial results showed yesterday. That compares with £9.4m in the previous three-month period. The bank hopes to break even later this year, and is looking to float on the stock market in 2016. Metro said [...]
Barclays picks Jonathan Moulds to ring fence the bank January 14, 2015 Barclays hired former Bank of America Merrill Lynch executive Jonathan Moulds yesterday to split the bank up to fit incoming ring fence law. Implementing the rules which split the investment banking arm from the retail banking and payments systems represents a major challenge for the new chief operating officer. Domestic rivals such as Lloyds [...]
City Moves for 15 January 2015 | Who’s switching jobs January 14, 2015 Lloyds Bank Lloyds Bank Commercial Banking has appointed Allen Appen as head of financial institutions capital and asset backed solutions. He joins from Barclays, where he was most recently head of financial institutions capital markets for Europe, the Middle East and Africa. Mole Valley Asset Management The investment management firm has appointed Andrew Holder as [...]
London Bus strikes: Unite union hints at more chaos for commuters January 13, 2015 Londoners face more commuting chaos over the coming weeks if the union representing bus drivers fails to get operators to come to the negotiating table. Members of the Unite union at 18 bus companies walked out for a 24-hour strike yesterday over pay and conditions, causing chaos for passengers. Transport for London (TfL) said about [...]
XL Group secures takeover of Lloyd’s of London insurer Catlin January 9, 2015 US insurer XL Group has secured its acquisition of Lloyd's of London insurer Catlin, making it one of the world's largest ten insurers. XL said it had agreed to pay 388p in cash for each Catlin share and its remaining stock in the £2.7bn deal. The Bermuda-based insurer's shareholders will own about 13 per cent [...]
GQ includes Lloyds chief Antonio Horta-Osorio and Cheesegrater architect Richard Rogers on 2015 best-dressed businessmen list January 8, 2015 We've always known that suave Portuguese Lloyds chief, Antonio Horta-Osorio was a bit of a looker and a snappy dresser. Well, now we’ve all been proven correct by that bastion of style, men’s glossy GQ – it has voted him as the sixth best-dressed man in business. “He shines among his British peers as the [...]
Regulatory mistakes cannot be avoided completely, MP Andrea Leadsom admits January 7, 2015 Financial services firms cannot be sure that the regulator will not make mistakes similar to the mishandled media leak which sent insurance stocks plunging last year, a Treasury minister admitted yesterday. Andrea Leadsom, the economic secretary and City minister, stated: “We would all hope that something like that wouldn’t happen again. But it shows that [...]
My nine key predictions for the City over the 12 months ahead January 7, 2015 It's with some trepidation that I set out my predictions for the year ahead in corporate Britain, not least because the first of them might appear misguided even by the time you read this. ONE Tesco, which today updates the City on Christmas trading, will be the winner among the food retailing establishment’s “big four” [...]