Now RBS caps UK mortgages June 3, 2014 RBS yesterday joined Lloyds in cutting back mortgage lending for the most expensive houses, in the latest sign that banks are worried that the market could overheat. The move came as Nationwide reported house prices are at a record high, while ex-City watchdog boss Lord Turner said he is worried about the towering pile of [...]
It is high time voters were given the right to recall their MPs June 3, 2014 WE SHALL soon find out whether the coalition is serious about introducing a right of recall for Members of Parliament. The whole concept is revolutionary; embracing it in a proper way would transform British politics forever and help re-establish the bond between voters and those they elect to represent them. The basic idea is simple: [...]
Ex-Aviva chief Moss ventures back into City June 2, 2014 FORMER Aviva boss Andrew Moss has re-emerged in his first role since being deposed from the FTSE 100 insurer two years ago. Moss, who was ousted from the company in 2012 after a revolt from shareholders, will join risk consultancy Parker Fitzgerald as chairman of the advisory board, the company confirmed yesterday. “His market knowledge [...]
What the other papers say this morning – 02 June 2014 June 2, 2014 FINANCIAL TIMES Tony Blair to call for Europe reform Tony Blair will today call for Europe to reform itself in the wake of victories for anti-EU parties across the continent last week. In his first big speech on the subject since the European election results last weekend, the former prime minister will tell leaders in [...]
Lloyd’s mulling a move out of iconic tower to Batman building June 2, 2014 INSURANCE market Lloyd’s of London is understood to be in talks to leave its iconic building in the heart of the city for a new office in Leadenhall street. Lloyd’s has called the unique Richard Rogers designed building home since 1986, when it was specifically commissioned to house the growing specialist insurance market. A report [...]
Your new name from Heron-in is going to be… May 27, 2014 LAST week’s renaming of Heron Tower (or the artist formerly known as Heron Tower to you and I) to Salesforce Tower London is causing some kerfuffle in the City. Salesforce’s CEO Marc Benioff is pretty chuffed with his eponymous high-rise, and Heron is actually to be joined by another Salesforce Tower in Silicon Valley when its [...]
Don’t worry – despite the name shame, Salesforce Tower’s in pretty good company May 27, 2014 Hardly a day goes by when one of London’s newest skyscrapers isn’t making headlines and this week it’s the artist formerly known as Heron Tower. Last week it emerged that the building, on the City’s Bishopsgate, had signed a deal welcoming a new (and largest) tenant, American CRM giant, Salesforce. As part of the [...]
BBA mortgage approvals for April miss expectations May 27, 2014 In April, the number of mortgages approved by the British Bankers' Association (BBA) fell to its lowest point in eight months, reaching 42,200. Analysts had expected the figure to reach 45,200. Recent data from the Bank of England has also showed a slowdown in household borrowing. However, house prices continue to surge, with the London experiencing [...]
City Moves for 27 May 2014 | Who’s switching jobs May 27, 2014 Strategy& London Strategy&, the management consulting firm and part of PwC, has announced the appointment of James Walker as a partner for leading demand analytics in Europe. He has over 25 years’ analytics experience in marketing consulting, technology, and big data analytics. Walker was most recently at Prophet, where he created its data and analytics [...]
Consumer recovery heating up May 21, 2014 Retail sales jump by 6.9 per cent in April – the fastest year-on-year growth in a decade Mortgage lending rises by 36 per cent as Britons say they feel more secure in their jobs But policymakers at the Bank of England still voted unanimously to keep interest rates low INTEREST rates are not expected to go [...]