City Moves for 7 December 2016 | Who’s switching jobs December 7, 2016 Lee Baron Lee Baron, a specialist in property management, has promoted Mark Fitzgerald to head of property management. Having joined the firm in 2015 as a director in the property management department, Mark takes the reins from Ian Jones, who after 10 years in the role, will now be concentrating on his position as chief [...]
Oil prices shoot up as Opec agrees its first production cut since 2008 November 30, 2016 Investors piled into oil futures and related stocks yesterday evening after Opec defied expectations and revealed a deal to cut production by 1.2m barrels a day. Brent and West Texas Intermediate (WTI) crude prices soared as the Saudi Arabia-led cartel announced its first agreement since 2008. The Organisation of the Petroleum Exporting Countries will reduce [...]
Meet the Edmond de Rothschild asset manager who launched a UK-focused fund just before the referendum (and doesn’t regret it) November 27, 2016 With the European Union referendum just two months away, April 2016 may have seemed like a bold time for a European asset manager to launch a new fund focusing exclusively on the UK – even if it looked like we were headed for a Remain vote. Shares in companies such as ITV, BT, and Marks [...]
Focus On Peckham: How it went from Only Fools fame to be the first time buyer capital of London November 25, 2016 Whatever you think about 2016, it’s been a billboard year for Peckham. Two large houses near Peckham Rye station sold £2.5m this year, a record price for the area, firmly cementing SE15’s fast-growing reputation as a desirable place to live. It’s not bad for an area that is embedded in the national psyche as the [...]
Super-premium Brockmans Gin toasts record sales for the first half of 2016 as it basks in UK gin renaissance and expands overseas November 21, 2016 Brockmans Gin has served up record sales for the first-half of 2016 as super-premium gin continues to grow in popularity both in the UK and abroad. Total revenue grew 116 per cent in the first-half of 2016 to £2.6m as the company capitalised on the growing gin renaissance in the UK where sales are expected to [...]
Bupa snaps up dentistry group Oasis for £835m from private equity house Bridgepoint November 18, 2016 Private healthcare group Bupa has announced an £835m takeover of dentistry chain Oasis from a private equity group. Bupa, advised by Barclays bankers, was said to be in competition with other private equity groups for the acquisition of Oasis, which was owned by Bridgepoint. The private equity house, advised on this deal by Moelis and [...]
John Lewis Partnership chairman Sir Charlie Mayfield admits pay changes in retail aren’t a “genuine move forward” November 16, 2016 The chairman of the John Lewis Partnership, Sir Charlie Mayfield, has admitted that the response to the national living wage from retailers has not been a "genuine move forward" for their employees. Following the introduction of the new national living wage, several retailers have cut staff benefits while increasing basic pay rates. Minutes from a John [...]
The Battle for Virality: How the advertising industry stole Christmas November 14, 2016 Consumer capitalism is like an annual balloon, pumping in steady increments throughout the year. It grows and grows, stretching and straining around November, taut before the Black Friday Pin; the pressure too much, one prick and the balloon explodes in a relentless cloud of Christmas advertising. But where has this volley come from? We can’t even [...]
Marks & Spencer’s 2016 Christmas advert is one for the ladies as Mrs M&S becomes Mrs Claus November 11, 2016 First there was Mrs M&S, the woman few aspire to be. Now there is Mrs Claus, the woman M&S think many would like to be this Christmas. Marks & Spencer has tonight launched its Christmas advert for 2016, with Father Christmas’ wife as the star of the show. The advert was broadcast for the first time [...]
Why it’s time to stop drinking prosecco November 10, 2016 Three years ago, when I was just starting out with this column, I boldly predicted the rise of prosecco in the hearts of the British quaffing classes. And oh how it has turned out to be true. Clever marketing, combined with the British love of cheap fizz, has propelled prosecco relentlessly up the wine charts. [...]