Jobs of the Week October 10, 2012 FX TRADING SUPPORT ADMINISTRATOR, CALIFORNIA $200k pa An FX trading support administrator is needed to work with global clients in the retail and institutional FX trading and brokerage markets. You will be keen to progress into management. http://jobs.cityam.com/job/31465 SENIOR OPERATIONAL TAX MANAGER, LONDON £80k-£100k pa A leading bank seeks a tax manager to lead advisory projects. The [...]
New offices were a safe bet for Coral October 10, 2012 THE ONE Stratford Place development is a 130,000 square feet grade A office complex, at the Westfield shopping centre in east London. The site is a stone’s throw away from the Olympic Village. Coral, the bookmaker, was the first occupier to move into the development. The company made the move from its former headquarters, about [...]
Facts about Coral: October 10, 2012 Coral founder Joe Coral, born Joseph Kagarlitsky, set up his first pitches at Haringay and White City greyhound tracks in 1927. It is now part of Gala Coral group, one of Europe’s largest betting and gaming businesses. Coral is the third largest retail bookmaking business in the UK with a market share of approximately 20 [...]
Retail investors rush for shares in Direct Line October 9, 2012 STOCKBROKERS yesterday reported a rush for Direct Line shares as individual investors attempt to grab a stake in the insurer ahead of tomorrow’s flotation. Online broker Interactive Investor said that it had seen with substantial interest in the offering, the first London floatation open to individual investors since Standard Life in 2006. The firm said [...]
Property firm PointPark eyes a London float October 9, 2012 EUROPEAN warehouse operator PointPark Properties yesterday announced plans to raise £250m in a float on the London Stock Exchange, marking the first IPO in the real estate sector for two years. The property group said it plans to use the proceeds to buy a €760m (£612m) portfolio of properties that it currently manages on behalf [...]
Key tourist attractions knocked by rainy summer and Olympics October 8, 2012 LONDON’S tourism hotspots have been hit hard by a combination of Britain’s wettest summer for 100 years and the distraction of the Olympic Games, an industry group revealed yesterday. Visitor numbers to London dropped by an average of 15 per cent in the three months to August 2012 compared to the same months in 2011, [...]
Government caps planned rail fare rise October 7, 2012 COMMUTERS will be hit by smaller than expected fare rises in January, after the Department for Transport yesterday lowered the planned price hikes to an average of 4.2 per cent. The DfT cut the planned increases to one per cent above the retail price index (RPI) rate of inflation for the next two years, down [...]
City Moves | Who’s switching jobs October 7, 2012 Coutts Michael Mount has been appointed managing director, Coutts International UK at the wealth division of RBS. He joins from HSBC, where he was most recently a managing director in its UK private banking business. Mount has 27 years’ experience in international markets, and has also led business development at HSBC Private Bank, and served [...]
India’s long journey towards reform holds lessons for the City’s future October 7, 2012 LOOKING back at Europe from New Delhi – and the City delegation’s business visit to India – it is clear that reform tops the agenda in both places. Whether it is Vickers, Liikanen or Singh, the detailed reasons behind reform may be different. But the desired overall outcome is the same: to create stable jobs [...]
What the other papers say this morning October 3, 2012 FINANCIAL TIMES End to Russian petrodollar surplus Russia’s petrodollar surplus is poised to vanish as early as 2015 as import revenues overtake those from oil exports, according to its central bank. The forecast is the first official acknowledgment that the economic model which has characterised Vladimir Putin’s leadership – a country buttressed by oil money [...]