Rare book dealer Scholium to start trading on Aim this week March 24, 2014 RARE books dealer Scholium Group yesterday said it plans to begin trading on Aim this Friday, having raised £8m. The company plans to use the proceeds of the share placing to increase the day-to-day trading stock of Shapero Rare Books, trade in the wider rare and collectibles market and for general working capital purposes. Its [...]
City Moves for 25 March 2014 | Who’s switching jobs March 24, 2014 Barclays Business UK The bank has appointed Judith Gage as head of real estate for its business division. She joined the retail team in 1986, and was appointed manager in the business team in 1996. Charles Stanley The investment management firm has hired Simon Davis as a director of wealth management in its financial services [...]
Russian firms count the cost of Crimea crisis March 24, 2014 RUSSIAN firms in London have seen their share prices tank and borrowing costs leap since the Ukraine crisis, with the businesses worried their reputations have taken a severe knock. Some Russian stocks trading in the UK have fallen by more than 30 per cent since the start of the year, as turmoil in emerging markets [...]
Three tech firms surge to $260bn on grey market March 24, 2014 THREE upcoming initial public offerings (IPOs) from tech firms King Digital Entertainment, Alibaba and Just Eat are all set to beat analyst expectations with a combined valuation of over $260bn (£158bn), according to IG’s IPO grey market. King, the British games giant and creator of Candy Crush Saga, has already hit a valuation of $8.7bn, [...]
City Moves for 24 March 2014 | Who’s switching jobs March 24, 2014 Herbert Smith Freehills The law firm has announced the appointment of Justin D’Agostino as global head of dispute resolution. He is currently a partner, and has spent his entire legal career at the firm. Legal & General Property James Lidgate has joined Legal & General property as head of residential. He has over 14 years’ [...]
Sunday trading laws are outdated: We must extend opening hours March 24, 2014 IT’S TIME to reform our outdated, restrictive Sunday trading laws. With online shopping gaining in popularity by the day, the health of the British high street relies on full flexibility to open on Sundays. Three quarters of the public already shop on a Sunday at least once a month. And a recent Comres poll for [...]
Inside Track: In Barclays we trust: Retail investors rely on bank for new issues March 20, 2014 @hellierd There’s a page on the Barclays website that directs customers to the joys of investing in new issues and flotations. It is headlined: “Access investments before they become available on the market.” The trouble is that unless Barclays itself is working on one of the current crop of share issues, it is highly likely [...]
City Moves for 21 March 2014 | Who’s switching jobs March 20, 2014 Baker & McKenzie The law firm has announced the appointment of Steven Francis as a partner in its financial services group. He specialises in Financial Conduct Authority (FCA) enforcement work, non-contentious FCA compliance advice, financial crime, and corporate compliance issues. Francis was most recently at RPC, where he was a partner and head of its financial services and [...]
Budget at a glance: Osborne’s plans for Britain’s economy March 19, 2014 As growth bounces back, the focus turns to reforming savings THE ECONOMY UK growth for this year is now expected to be 2.7 per cent, the Office for Budget Responsibility (OBR) said yesterday – up from its previous estimate, made in December, of 2.4 per cent GDP expansion. A year ago the OBR expected growth [...]
What the other papers say this morning – 20 March 2014 March 19, 2014 FINANCIAL TIMES Starbucks aims to double market cap Starbucks wants to almost double its market capitalisation to $100bn (£60.5bn), chief executive Howard Schultz said yesterday, even as the US coffee chain underscored the changing landscape facing retailers as more consumers shop online and by mobile phone. THE TIMES London hit by Deutsche Bank job cuts [...]