Inside Track: TSB and Saga lead the way in a retail investor return May 1, 2014 SO AT last there’s some cheer for the retail investor, whose presence in the new issues market has recently been all but forgotten by those in charge of floating companies on the London market. Much of the euphoria surrounding the retail stampede for shares in Royal Mail, which was supposed to herald a new beginning [...]
Strauss has Batty Day at Lloyd’s of London May 1, 2014 DURING a quiet moment at the Lloyd’s of London insurance market yesterday, former England cricket captain Andrew Strauss (L) gave some cricket tips to Mark Stephenson (M) and Sean Rocks (R) from Liberty Specialty Insurance. The visit was to announce the renewal of Liberty’s sponsorship of Test match grounds this summer, which will see the [...]
London Report: Lloyds profit boost helps FTSE approach a two-month high May 1, 2014 BRITAIN’S blue-chip share index hit its highest level in about two months yesterday, rising for a fourth straight session as gains at Lloyds bank buoyed the market. The FTSE 100 index ended up by 0.4 per cent, or 28.84 points, at 6,808.87 points, its highest close since 4 March. Shares of Lloyds surged 5.5 per [...]
City Moves for 29 April 2014 | Who’s switching jobs April 28, 2014 Interactive Investor The execution-only stockbroker has announced the appointment of Linda Summers as chief marketing officer. She was most recently at Skype, where she was director of product and partner marketing. Prior to that, Summers held roles at O2/Telefonica and BT. GLG Partners The investment management firm has appointed Andy Li as co-manager of its [...]
London house price surge to slow after frenzied year April 28, 2014 LONDON house prices could rise more moderately in the months ahead after a manic year of double digit growth, new evidence today suggests. The latest report from Hometrack shows that the amount of time that the average London house spends on the market has risen from 2.7 to 3.4 weeks between March and April. The [...]
Prettejohn joins Scottish Widows April 24, 2014 SCOTTISH Widows, the insurer owned by Lloyds Banking Group, yesterday unveiled veteran insurance executive Nick Prettejohn as its new chairman. Prettejohn has a strong insurance pedigree as a former chief executive of Prudential UK, Lloyd’s of London and an ex-chairman of Brit Insurance. Prettejohn will take up the post in June, and will also take [...]
Our Team London faces New York after launch of Polo in the Park April 24, 2014 POLO season kicks off next month but it came a tad early last night at the Chestertons Polo in the Park launch event at the Mandarin Oriental. Players from all six participating teams were there to woo the crowds and find out who they would be playing on Chukka Friday on 6 June. We drew [...]
Former Pru chief Prettejohn appointed Scottish Widows chair April 24, 2014 Lloyds Banking Group has confirmed the appointment of Nick Prettejohn, former chief executive of Lloyd’s of London and Prudential UK and Europe, as chairman of Scottish Widows Group. Prettejohn, who’s also been on the board of the Prudential Regulation Authority and is a member of the BBC Trust, will take up his role in June. [...]
What you need to know before the open April 24, 2014 A higher open’s expected for European markets this morning, following the strong results from Apple and Facebook and despite yesterday’s negative finish. Germany’s latest IFO business survey is expected to be slightly weaker for April, although the positive manufacturing data seen yesterday could also mean a stronger-than-expected surprise. That said, ongoing weakness in China and [...]
Cost of moving in London soars above £20,000 April 21, 2014 LONDONERS are shelling out over £20,000 on average to move house, according to research released this weekend, with the cost of moving rising by nearly £3,000 between 2012 and 2013 alone. The report by Lloyds Bank shows that the average cost of moving house in London ran to £20,825 in 2013, more than double the [...]