Sports Direct shareholders revolt over Ashley’s £70m bonus scheme April 2, 2014 SPORTS Direct shareholders have rejected plans to introduce a bonus scheme that would have awarded founder Mike Ashley a £70m windfall, after revolting over a similar scheme two years ago. The retail giant said yesterday that it has cancelled a general meeting that was due to take place tomorrow after the board realised there was [...]
Isa allowance hiked to £15,000 March 19, 2014 SAVERS can stash 30 per cent more cash in tax free savings accounts every year after chancellor George Osborne ripped up the rule book on individual saving accounts (Isas) yesterday. The Isa allowance, currently set at £11,520 for the current tax year, will jump to £15,000 on 1 July, the biggest allowance hike since Isas [...]
Any Other Business – 18/03 March 18, 2014 Forget the huge salaries and enormous bonuses – it seems one of the banking giants’ biggest perks may be the boardroom banquet. While many of us mere mortals are nipping out for a sandwich, a new wave of the UK’s finest chefs are apparently honing their skills to feed the upper echelons of finance. Proof [...]
City Moves for 17 March 2014 | Who’s switching jobs March 17, 2014 Chelverton Asset Management The asset management firm has appointed Richard Bucknell as an investment director in its unquoted equities team. Prior to joining, Bucknell held senior investment management positions at Barclays Ventures. Insparo Asset Management The Africa and Middle East specialist investment firm has hired Peter Lindqvist as head of sales and marketing. Lindqvist was [...]
City Moves for 12 March 2014 | Who’s switching jobs March 11, 2014 MHA MacIntyre Hudson The accounting firm has announced the appointment of Sarah Jarvie as a manager in its restructuring and recovery team. She has over 15 years’ experience, and was most recently at KPMG. PwC The professional services firm has appointed two data analytics partners to its financial services risk and regulation team. Nick Bouch joins [...]
City Moves for 07 March 2014 | Who’s switching jobs March 6, 2014 London Offshore Consultants The marine and offshore energy consultancy has named Robin Bidwell as its chairman. He previously built and led global environmental advisory firm Environmental Resources Management. T Rowe Price Peter Hunt has been appointed vice president for UK and Ireland institutional business at the asset management firm. He was formerly a partner at TT International. Before [...]
City Moves for 28 February 2014 | Who’s switching jobs February 27, 2014 Standard Chartered The bank has announced the appointment of Sanjeeb Chaudhuri as group head of brand and chief marketing officer. He joined in 2011 from Citicorp, where he was chief executive for retail and commercial banking for Europe, the Middle East and Africa (EMEA). Chaudhuri has also held senior marketing and general management positions at [...]
Axa shares slide as earnings miss estimates February 21, 2014 Insurance firm Axa has reported net income up 14 per cent in 2013 to €4.5bn. Lower than expectations of analysts polled by Thomson Reuters, who has forecast earnings of €4.96bn, the figure was negatively impacted by interest rates and foreign exchange hedging derivatives, the firm said. Shares have fallen almost two per cent on the [...]
Insurers hit back after Miliband demands quicker flood response February 18, 2014 THE INSURANCE industry hit back yesterday after Labour leader Ed Miliband claimed it is not doing enough to help those affected by flooding. Paul Evans, chief executive of AXA, said his staff are “extremely focused” on getting people back into their homes. “Customers have no reason to fear their insurers will let them down, nor [...]
City Moves for 19 February 2014 | Who’s switching jobs February 18, 2014 Saxo Bank The investment bank has announced the appointment of Steen Blaafalk as global head of finance and risk operations. He previously spent 30 years at Danske Bank, where he was most recently acting head of group treasury and a member of its executive committee. Latham & Watkins The law firm has appointed Kem Ihenacho as [...]