City Moves for 30 November 2016 | Who’s switching jobs November 30, 2016 Close Brothers Asset Management Close Brothers Asset Management (CBAM) has strengthened its financial education corporate relationship team, making key appointments in senior positions. Mike Hardy (pictured) has been appointed as director of strategic partnerships having over 15 years’ experience in this area with senior positions at three FTSE companies; HSBC, Aviva and Lloyds Bank. His role [...]
The Royal Mint is putting gold bullion on the blockchain November 29, 2016 It’s not just currency that’s going digital – £1bn of the Royal Mint’s gold will soon be on the blockchain. The 1,000-year-old government-owned institution is working with exchange giant CME Group create a new digital trading platform for investors to buy and sell gold using blockchain’s distributed ledger technology (DLT) to track ownership. Why use [...]
Iceland Foods wants to thaw dispute after Iceland the country announces legal action against the supermarket November 29, 2016 Iceland the country got a bit frosty with Iceland the retailer last week. And now Iceland Foods is seeking to smooth over any grievances, saying it seeks "peaceful coexistence" with the country. In a statement, the company said: "Following the regrettable outbreak of legal and verbal hostilities last week, the UK retailer Iceland Foods is urgently seeking [...]
UK investors favoured global funds in run-up to US election November 28, 2016 UK investors were setting their sights on global funds to mitigate against uncertainty in the lead up to the US election. Global equity, global emerging markets and global bonds made up three of the top five selling sectors in October, according to the Investment Association's figures. Read more: Fine wine investments: The vintages that will generate [...]
The City’s tallest skyscraper gets the go-ahead November 28, 2016 The tallest building in the City of London, 1 Undershaft, has just received planning approval. Rising up 73 storeys, the new glass giant will be the second tallest tower in western Europe after the Shard. To make room for the building, Aviva Tower will be demolished. Read more: Steel group Severfield sets its sights on [...]
Private equity giant KKR lends a hand to Dutch holiday parks operator and UK advertiser November 28, 2016 A holiday parks operator and outdoor advertiser have become the latest companies to receive loans from US private equity giant KKR. The two deals will deliver $275m (£220m) in financing to Dutch holiday parks firm Roompot and the UK’s Exterion Media. Read more: KKR-backed oil and gas group targets UK fracking company's assets KKR has [...]
Forget the crushing consensus of trigger warnings and safe spaces: Our world needs more contrarians November 28, 2016 The news that the London nightclub Fabric is to potentially reopen is welcome. The progressive house music played there provided an antidote to the chart-toppers heard in the more salubrious salons of the West End. Similarly, those who speak out and stand up for what they believe in provide a contrarian view to mainstream thinking. This [...]
Sadiq Khan’s new tech-heavy business advisory board will include executives from Facebook, Citymapper and Love Home Swap November 27, 2016 Sadiq Khan will name executives from companies including Facebook, Citymapper and Love Home Swap as part of his business advisory board Monday, according to Sky News. Nearly one-third of the 16-memeber-group work directly in the tech sector, including Nicola Mendelsohn, vice-president of Facebook and head of its European operations. Last week, Facebook announced plans to create [...]
Planning permission could soon be granted for the City of London’s highest skyscraper at 1 Undershaft November 27, 2016 A decision on planning permission for what would be the City’s tallest building is expected soon from the City of London Corporation. If it is approved, the tower at 1 Undershaft will be situated at the heart of the City’s cluster of skyscrapers, slotting between the Leadenhall Building and 30 St Mary Axe – known [...]
Interiors: Tara Bernerd looks back on her 15-year career designing hotels and elite residences around the globe November 25, 2016 If there’s one imminent interiors project in London that we can’t wait to sneak a peek at, it’s the show apartments for One Park Drive, a Herzog and de Meuron-designed cylindrical tower taking shape in Canary Wharf. It’s highly-anticipated, not just because the 472-apartment tower is one of the largest remaining undeveloped sites in the [...]