WHO’S SWITCHING JOBS June 25, 2012 Edison Investment Research The investment research firm has made three appointments to its London team. Tom Carless joins as finance and operations director from 7city, a specialist financial training firm. He spent five years as finance director at Ovum. Additionally, Will Forbes and Zsolt Mester join Edison’s team of analysts, from Arc Asset Management and [...]
WOOTTON’S ON TOP OF THE WORLD June 21, 2012 ONE hundred people, including the Lord Mayor’s daughter Sophie Wootton (pictured), took part in an abseil down the side of the Lloyd’s building for the Lord Mayor’s Appeal on behalf of the Trauma Unit at the Royal London Hospital.
Inflation falls at last – but the damage has already been done June 20, 2012 AT last, Britain’s inflation problem is abating. Prices are still increasing too quickly – inflation remains at 3.1 per cent on the retail price index and 2.8 per cent on the consumer price index, painful as wages are growing far less quickly. But the direction of travel is reassuring. The Bank of England – by [...]
Inflation falls at last – but the damage has already been done June 19, 2012 AT last, Britain’s inflation problem is abating. Prices are still increasing too quickly – inflation remains at 3.1 per cent on the retail price index and 2.8 per cent on the consumer price index, painful as wages are growing far less quickly. But the direction of travel is reassuring. The Bank of England – by [...]
Market report: FTSE benefits from caffeine hit as inflation falls June 19, 2012 Coffee and a promise to safeguard the Eurozone from further contagion pushed the FTSE up 0.4 per cent in early trading this morning. As a result London’s blue chip index broke through the 5,500 level – a technical level seen as key for spurring further buying. Last night European leaders at the G20 summit in [...]
Brit Insurance sold to Fairfax in £190m deal June 18, 2012 BRIT Group yesterday announced the sale of its Brit Insurance business to Canada’s Fairfax in a deal worth around $300m (£191m). The disposal is the last major step in Brit Group’s restructuring under chief executive Mark Cloutier, who was brought in by the firm’s private equity owners at the end of 2011 and has aimed [...]
The City gains seven sculptures June 18, 2012 A NUMBER of City of London-based businesses, including Hiscox, Aviva, British Land, IVG UK and Aon, have clubbed together with the City of London Corporation to create Great St Helen’s: Sculpture Space in the heart of the City. Set among London’s iconic architectural landmarks, including the Gherkin and the Lloyd’s building, a free curated exhibition [...]
Banks rally fuelled by emergency credit plan June 15, 2012 The FTSE 100 saw rises fuelled by a rally in banking shares as the Government and the Bank of England announced plans to pump in £100bn of credit into the economy. Emergency measures to breathe new life into the economy were unveiled by Chancellor George Osborne last night with the money printing presses to be [...]
Lord Mayor’s daughter goes to great lengths to help appeal June 13, 2012 THERE are still a few free spaces to join 120 adventurous souls who are planning to abseil from the 289ft high Lloyd’s building next Tuesday. It’s all in aid of a good cause. David Wootton, the Lord Mayor, is appealing to a few more Londoners to join the group to support the Trauma Unit at [...]
CITY MOVES | WHO’S SWITCHING JOBS June 12, 2012 Bargate Murray Alfred Merckx has been appointed as a partner and head of the City law firm’s newly formed aviation department. He joins from Dubai-based JetEx Flight Support, where he was general counsel. Merckx has extensive experience in business aviation and has served as a partner at Sinclair Roche and Thomas Cooper. Ixaris The electronic [...]