CITY MOVES | WHO’S SWITCHING JOBS January 19, 2011 Alvarez & Marshal Alvarez & Marsal, the global professional services firm, is expanding its European real estate advisory business in Europe with the appointment of London-based directors, Patrick Anderson and Caspar Vredenbregt. Anderson and Vredenbregt both have over 12 years of experience in real estate development, investment and finance. Prior to joining A&M, Anderson was [...]
Mind the gap (between arrival times) and cash in January 19, 2011 HAS your journey to work been thwarted by delays in the past six months? Well, Tube passengers have failed to claim rebates worth a total of almost £20m, according to a website that is amassing a cult following among disgruntled commuters. Since the start of July, there have been 1,514 severe delays on the Underground [...]
Calls for new London airport January 18, 2011 CALLS for expansion at Heathrow were rekindled yesterday after a report found the airport was losing out to European rivals. The report, overseen by Transport for London deputy chairman Daniel Moylan, found rivals including Frankfurt, Madrid and Paris had pushed Heathrow to seventh in terms of destinations served by international airports worldwide, from second in [...]
Tottenham’s plans to demolish Olympic Stadium would save club cool £200m January 12, 2011 TOTTENHAM hope to save around £200m by tearing down the Olympic Stadium and building a new ground in its place, if they see off West Ham in the battle to move to the site after the London 2012 Games. Spurs want to scrap the track at the Olympic venue and deliver an athletics legacy by [...]
Unions won’t risk royal day strike action January 11, 2011 TRADE UNIONS have downplayed the threat of potential strike action on the day of the royal wedding between Prince William and Kate Middleton. Threats to ruin celebrations on 29 April incensed the city, after fears unions could bring London to a grinding halt, as millions the world over turn their focus on the capital for [...]
Petrofac gives job to drilling boss who quit over oil disaster January 5, 2011 OIL services firm Petrofac has hired the former boss of BP’s exploration and production (E&P) arm to run its energy developments business, less than four months after he quit BP in the wake of the Gulf of Mexico disaster. Andy Inglis, 51, will join the Petrofac board in March after relocating to London from Houston, [...]
Fare hike hits commuters January 3, 2011 COMMUTERS returning to work following the Christmas break have been hit with a fare hike of up to 13 per cent on annual rail season tickets. Rail passengers in London and the South East are facing increases as high as 12.8 per cent on some high-speed lines. Yearly tickets will increase across the country by [...]
City streetworks vital for business success January 3, 2011 ANYBODY who has ventured out onto the Square Mile’s streets knows the City’s microclimate – shaped by a so-called urban heat island effect – has not escaped the Arctic winter. The freezing weather has caused transport misery for people up and down the country and unfortunately, at the risk of stating the obvious, the weather [...]
Surviving trial by canape December 22, 2010 THINK of a job interview and you probably imagine something like the more frightening parts of The Apprentice, where you are confronted with a panel of beady-eyed people who fire questions at you. But for many City jobs an integral part of the process is meeting in a social situation, either a meal or a [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]