Sainsbury’s to shed 800 store jobs in bid to save £500m in supermarket price war April 23, 2015 Sainsbury’s is set to axe 800 jobs in stores as part of a shake-up aimed at saving £500m over the next three years to better position itself in the ongoing supermarket price war. The supermarket chain said yesterday that it plans to remove department and deputy managers from certain stores in order to invest [...]
City Moves for 24 April 2015 | Who’s switching jobs April 23, 2015 Deloitte Real Estate Gerry Biddle has been appointed senior specialist business rates consultant in Deloitte’s real estate division’s valuation advisory and business rates team. He was responsible for setting up the London specialist rating unit of the Valuation Office Agency. Aviva Investors Simon Young has been appointed UK equities fund manager at Aviva’s asset management [...]
High season at Ten Trinity Square: Architect Suzette Vela Burkett on restoring a grand Tower Hill landmark April 23, 2015 One of the city’s finest buildings, Ten Trinity Square, is set to re-open at the end of 2016 as a Four Seasons Hotel, with luxury residences on top. It was opened by Prime Minister David Lloyd George in 1922 as the Port of London Authority and it took 11 years to build. It also hosted [...]
The London crowd: Will Meyer of Brother Cycles on what it’s like to crowdfund a business in the capital April 23, 2015 People can get quite passionate about their bikes,” says Will Meyer, co-founder with his brother James of Brother Cycles. “Many [Londoners] enjoy the fact that they’re riding something born in their home city”. Their company builds bespoke high-quality bikes and sells them via its website and through over 30 independent bike shops. Since launching in [...]
Ladies who don’t lunch: Ainslie McLennan talks property, politics and picking an IFA April 23, 2015 “I needed a bigger pond to swim in,” says Ainslie McLennan, describing her move to London, more than 10 years ago. She’d completed “the full triangle” in Scotland: born-andbred in Glasgow, she studied at Aberdeen University and then worked in Edinburgh. Her choice of subjects at university raises an eyebrow. “I started out doing [...]
Veteran dealmaker Rupert Hume-Kendall calls time on City career at Bank of America Merrill Lynch April 22, 2015 One of London’s best-known investment bankers is bowing out after 18 years at Bank of America Merrill Lynch. Rupert Hume-Kendall, one of the best-known dealmakers in the City, is stepping down from his position as chairman of global corporate and investment banking for Europe, the Middle East and Africa at Bank of America Merrill Lynch. [...]
Burberry boss Christopher Bailey hails new supermodel James Corden – in pictures April 21, 2015 James Corden graced the catwalk as part of fashion brand Burberry's London in Los Angeles event last week, prompting the retailer's somewhat reclusive boss Christopher Bailey to quip: “Fashion has a new icon and his name is Corden.” The British film and TV star was performing a sketch for his CBS “The Late Late Show [...]
Woodford gets £800m to fund venture capital April 20, 2015 ONCE you’ve raised one record-breaking fund what do you do next? If you’re fund manager Neil Woodford: you raise another. The fund boss yesterday completed the largest ever UK fundraise for an investment trust on a nominal basis, according to AIC figures, after capturing £800m for a listed fund to make venture capital investments. The [...]
Bye-bye HSBC? Bank is eyeing a move abroad April 20, 2015 HSBC will look into upping sticks and moving its headquarters out of London once the regulatory environment becomes clearer, its chairman said yesterday. “We are beginning to see the final shape of regulation, the final shape of structural reform and as soon as that mist lifts sufficiently we will once again start to look at [...]
Bye-bye HSBC? The British bank is eyeing a move abroad April 20, 2015 HSBC will look into upping sticks and moving its headquarters out of London once the regulatory environment becomes clearer, its chairman said today. "We are beginning to see the final shape of regulation, the final shape of structural reform and as soon as that mist lifts sufficiently we will once again start to look at [...]