City Moves for 12 March 2015 | Who’s switching jobs March 11, 2015 Edmond de Rothschild Olivier Colom has been appointed head of the private banking and asset management group’s new General Secretariat, responsible for ensuring the Executive Committee’s decisions are implemented. He joined Edmond de Rothschild in 2013 as an international adviser, and has previously served as an adviser to the President of France and in various [...]
Late afternoon commodity rise lifts FTSE index – London Report March 11, 2015 COMMODITY stocks in the FTSE recovered well yesterday afternoon, from falling sharply earlier in the session because of concerns about economic growth in China, to drag the blue-chip index up. The FTSE 100 index closed 0.28 per cent higher at 6,721.51 points after a choppy session, which saw the index rising as high as 6,738.95 [...]
Investor cheer boosts Boohoo share price seven per cent March 11, 2015 Shares in online retailer Boohoo are back in fashion after it reported a 27 per cent surge in full year revenue. Shares in the Manchester-based group jumped as much as seven per cent to 27 pence in early morning trade today. But despite the gains, they remain well below last year's initial public offering price, [...]
Randy Work joins Roman Abramovich and Sir Chris Hohn with multi-million pound divorce settlement March 10, 2015 London cemented its reputation as the divorce capital of the world after a businessman was ordered to pay his ex-wife £72.3m, amounting to half his wealth. Randy Work, a former private equity executive at Lone Star, argued that his £150m fortune should be protected from ex-wife Mandy Gray as he was the “breadwinner” and because [...]
London Stock Exchange “1000 companies to inspire Britain” 2015: London leads competitors Greater Manchester and Essex March 10, 2015 Specialty beer firm BrewDog, challenger bank Metro Bank and high-street café Patisserie Valerie are all among the "1000 companies to inspire Britain" named by the London Stock Exchange. The report, supported by Lloyds Bank, the Business Growth Fund and Cenkos Securities, is in its second year. Most of the companies more than doubled their revenue in [...]
City Moves for 10 March 2015 | Who’s switching jobs March 9, 2015 New Bridge Street The executive remuneration specialist has appointed Drew Matthews as partner. He joins from Tesco, where he was group reward director for the past three years. Matthews has also held consultancy roles at PwC, Deloitte, and Stern Stewart. Eaton Vance Management International David Morley has been appointed business development director, UK institutional at [...]
Everything you need to know about the Apple Watch: Share price, spec, features, UK release date and what the analysts say March 9, 2015 Apple chief executive Tim Cook has revealed details of the highly anticipated Apple Watch, including the price and release date. The tech giant's first wearable device will go on sale on 24 April with a starting price of $349 (£299). There will also be an 18 carat gold version priced at between $10,000 and $17,000 with more limited [...]
Small investors offered Prime London market March 9, 2015 A PROPERTY crowdfunding start-up that aims to make prime UK property accessible to retail investors has launched a £1m offer today for a luxury flat in south west London. Property Crowd’s chief executive Scott Trapnell co-founded the company with a private investor in 2013 after first coming up with the idea while studying for an [...]
New Look adds to regeneration of east end of Oxford Street March 4, 2015 FASHION retailer New Look is to open a flagship store at the east end of Oxford Street, helping to drive further change at the notoriously dowdy end of London’s largest shopping street. Property firm Great Portland Estates said yesterday that it has pre-let a third of its huge 90,500 square feet development at 73-89 Oxford [...]
5 Investment picks March 4, 2015 Blue Crow Media The creator of city guides for the discerning customer has turned to the crowd to fund a series of curated lifestyle apps, maps and books to show what London has to offer. It’s raised 65 per cent of the £37,502 it needs, and is offering 3 per cent equity. 32 days left [...]