Like a vintage Tommy Nutter suit, perfect second-hand gems are hard to find September 23, 2014 At the recent London Collections: Men fashion week I spotted a guy wearing a 1974 “Nutters of Savile Row” suit. This is the Holy Grail of vintage menswear; not in all my years scouring second hand shops have I come across a genuine Tommy Nutter. Even in museums they are scarce. To make matters worse, [...]
City Moves for 16 September 2014 | Who’s switching jobs September 15, 2014 Universities Superannuation Scheme The defined benefit pension scheme has appointed Jennifer Halliday as chief financial officer. She joins from Quaker Chemical Corporation, where she was global finance director. Halliday has also held senior roles at Vanguard, FMC Corporation, and Cheadle Royal Hospital. Lloyds Bank Commercial Banking Mark Burton has been appointed regional managing director of [...]
Independent Scotland faces “disaster”, says Harvard’s Kenneth Rogoff September 11, 2014 As the latest polls give breathing space to the Better Together campaign, Harvard economist Kenneth Rogoff has thrown his two cents into the Scottish independence debate. His remarks will make grim reading for the Yes camp. Speaking to CNBC, Rogoff said: "It's certainly a disaster for Scotland, first and foremost, it's going to be a [...]
Scottish independence: RBS confirms plan to move to England if there’s a Yes vote September 11, 2014 The Royal Bank of Scotland (RBS) has confirmed it will re-domicile to England if the Scots vote to abandon the United Kingdom on 18 September. In a statement issued this morning RBS said: RBS has undertaken contingency planning for the possible business implications of a 'Yes' vote. RBS believes that this is the responsible and [...]
Independence referendum: Lloyds, Standard Life and Clydesdale Bank say they’ll quit Scotland if it votes yes September 10, 2014 Lloyds, Standard Life and the Clydesdale Bank are planning to quit Scotland and move their headquarters to London if voters back independence in next week’s referendum, the firms said yesterday. RBS is also planning to move to the City, Treasury sources said. The contingency plans are aimed at reassuring investors they will be able to continue normal [...]
Scottish independence: Lloyds and RBS to move HQ to London if Scots vote Yes September 10, 2014 Lloyds Banking Group will move its official headquarters out of Scotland if the country votes for independence in next week’s referendum. The banking group which owns Lloyds Bank, Halifax and Bank of Scotland largely operate from its London headquarters, however the bank’s registered offices are in Edinburgh. Lloyds confirmed that its contingency plans in the [...]
Why Richard Branson isn’t afraid to fail: Four Virgin businesses that didn’t work out September 9, 2014 It was only a year ago that Richard Branson was prancing around in a red kilt at the launch of Little Red, his domestic airline for the UK, which was designed to provide competition after British Airways owner International Airline Group acquired BMI. Since its launch, though, Little Red has been dogged by rumours [...]
City Moves for 09 September 2014 | Who’s switching jobs September 8, 2014 Lloyds Bank Madeleine McDougall has been appointed head of origination within Lloyds Bank Commercial Banking’s global corporate real estate business. She joins from Deutsche Pfandbriefbank, where she led its international client team in the UK. McDougall has also held roles at Eurohypo and Westimmo. EY Jason Lester has been appointed UK & Ireland managing partner [...]
Virgin on ridiculous: Four businesses showing how Richard Branson likes to “fail fast” September 8, 2014 It was only a year ago that Richard Branson was prancing around in a red kilt during the opening of Little Red, his domestic airline for the UK, which was designed to provide competition after British Airways owner International Airline Group acquired BMI. Since its launch, though, Little Red has been dogged by rumours [...]
Co-operative Group hires City headhunters to find board members September 7, 2014 The Co-operative has kicked off its search for a new chair by appointing City headhunters Odgers Berndtson to grill potential applicants for the high profile role. The mutual, currently chaired by Co-op insider Ursula Lidbetter, is hunting for the first independent chairman in its 150-year history in the wake of radical governance reforms voted through [...]