City Moves for 26 September 2014 | Who’s switching jobs September 25, 2014 PwC The professional services firm has appointed Simon Hampton to lead its real estate deals practice. He joins from Jefferies, where he was head of real estate, gaming and lodging. Hampton has also held senior positions at Bank of America Merrill Lynch. Alliance Trust Peter Michaelis has been appointed head of equities at the savings [...]
Barclays’ Antony Jenkins needs to perform soon – Bottom Line September 23, 2014 Another day, and another fine for Barclays. The FCA’s £38m fine on the bank for failing to protect its clients from the risk of loss will not substantially weaken Barclays financially. Nor will it impact on the authority of chief executive Antony Jenkins since the failings occurred before his appointment. Jenkins, however, must be feeling [...]
AA executive chairman Bob Mackenzie: From fly rods to flywheels September 23, 2014 When father-of-five Bob Mackenzie isn’t using his spare time to watch his children’s various sporting fixtures, he likes to relax with a fly-fishing rod. “We had a quiet period in August last year when we were looking at buying the business so I spent a month fishing,” he says. “I fish on the River Test [...]
Bramson shows hand on Electra bid September 17, 2014 The boadroom showdown at Electra Private Equity turned up a notch yesterday as activist shareholder Edward Bramson enticed shareholders by pledging to double the share price. Bramson slammed the Electra board’s lack of commercial experience and below-par performance in a letter to shareholders and pushed for heads to roll at a 6 October shareholder’s meeting. [...]
Wages increase hoped to lure England stars home September 17, 2014 PREMIERSHIP rugby chiefs hope a rise in team’s salary caps by £500,000 per season can end the exodus of English players to foreign climes. Potential England stars such as Steffon Armitage and Toby Flood are currently plying their trade in France and are consequently not eligible to play for the national team under its own [...]
Premiership Rugby £500,000 salary cap rise could tempt England stars in France to return September 15, 2014 Aviva Premiership Rugby is set to increase the league’s salary cap by 10 per cent in future seasons, and will also allow clubs to sign a second “excluded” player from overseas. Clubs’ spending on player wages is currently capped at £5m, but the Aviva Premiership will permit a further £500,000 spending ahead of the [...]
Incoming Barclays chairman John McFarlane to face “very challenging requirements” September 12, 2014 Aviva chairman John McFarlane will face "very challenging requirements" in his new role as chairman of Barclays, said the man who recruited him today. McFarlane, who is one of Scotland's most senior businessmen, will pick up the reins at Barclays' next AGM next April when incumbent Sir David Walker steps down. He is [...]
NFL season begins: Why American Football could be bigger than rugby in the UK September 8, 2014 While the Premier League takes a break this weekend, another "football" league has got underway. Across the pond, the National Football League (NFL), the flagship American Football league whose teams beat even the Premier League in terms of revenue, has kicked off a new season. With its return will follow a growing legion of devoted UK fans [...]
Standard Life share price rockets on £2.2bn deal with Manulife September 4, 2014 Standard Life received a bullish response yesterday from markets and analysts to the sale of its Canadian business for C$4bn (£2.2bn), as shares sky-rocketed and analysts upgraded forecasts after the mega deal. Shares in the huge FTSE 100 listed insurance and investment firm surged by nearly 11 per cent in early trading, before finishing [...]
London clubs gear up for Twickenham double September 4, 2014 Aviva Premiership stars preview the new rugby season with Ross McLean TOP-FLIGHT rugby powers into action tonight when Northampton host Gloucester. The main curtain-raiser, however, takes place tomorrow with the London Double Header. City A.M. met four players at the eye of the Twickenham storm to preview the new campaign: Harlequins’ Charlie Matthews,Will Helu of Wasps, [...]