Is building residential high rise apartments a good idea? October 29, 2012 MARK TINKER | AXA FRAMLINGTON Having people live in large high-rise buildings, which are also used as offices and shops, integrates the building into the city. But London doesn’t want to lose the street level feel that is unique to the city. NICK SCOTT | SCOTT CITY RESIDENTIAL There is big money in high-rise space [...]
AXA revenues grow thanks to new markets October 25, 2012 EUROPEAN insurance giant AXA yesterday said its revenues grew by 1.3 per cent in the first nine months of 2012, driven by improvements in its property and casualty business. Headline income was €68.4bn (£55bn) for the first nine months of 2012, up from €65.9bn for the same period last year. However the French firm’s accounts benefited [...]
Who’s switching jobs October 25, 2012 McCarthy & Stone The construction firm has appointed Mark Elliott as its new chief executive. He previously worked for Arena Leisure, the hotel and race course operator, where he oversaw its merger with Northern Racing in March 2012. Elliott was also formerly chief executive of Wembley. Otkritie The Russian financial services firm has appointed Ruben [...]
RBS sells on offices to Axa and Norway in real estate unwind October 10, 2012 ROYAL Bank of Scotland has sold two office blocks in Germany to Axa’s real estate investment arm and the Norway’s state pension fund for €784m (£631m) in a further push to unwind its asset base. The two buildings, in Frankfurt and Berlin, are thought to be part of RBS’s German Pegasus portfolio, which it took [...]
Axa Real Estate hunts for cash October 1, 2012 AXA Real Estate Investment Managers yesterday unveiled a fresh round of fundraising that will bring €2bn (£1.6bn) into its war chest for new investments by the end of the year. The French group has already raised €1.4bn in new capital so far this year, and will target investors in Germany, the Netherlands, the Nordics and [...]
AXA delivers morning brew by rickshaw September 12, 2012 AXA UK, which has raised almost £50k for Macmillan Cancer support, yesterday held a coffee morning in association with the charity. The morning, with the black stuff distributed by rickshaw, comes ahead of the charity’s official coffee morning on 28 September. There’s still time to join in. Order your kit at www.macmillan.org.uk/coffee.
Who’s switching jobs September 12, 2012 Axa UK Yves Masson has been appointed to the position of chief executive of personal direct and partnerships at the UK division of the insurance and asset management group. He has worked at Axa since 1985, and was most recently chief executive of Axa Direct Assurance. Masson has also previously served as chief executive of [...]
Small firms say they lack faith in official stats September 10, 2012 SMALL FIRMS have little faith in official forecasts, preferring instead to rely on information from their own business or their peers, a survey from Axa has revealed. A whopping 92 per cent of respondents said they did not use official government economic predictions in planning their business strategy, the survey showed. Of those disregarding the [...]
City Moves | Who’s switching Jobs September 5, 2012 HSBC James Emmett has been appointed the bank’s head of global trade and receivables finance. He began his career at HSBC 17 years ago, and has held a variety of roles in trade finance, commercial banking, retail banking and strategy. Most recently, Emmett was head of strategy and planning for commercial banking. He replaces Rakesh [...]
Axa helps fund new King’s Cross offices September 4, 2012 INSURANCE giant Axa has agreed to forward fund the development of BNP Paribas’s new headquarters at King’s Cross for around £300m. Axa, in partnership with an unnamed partner, will take ownership of the 400,000 square feet office building, which is 55 per cent pre-let to BNP Paribas on a 15 year lease. Construction is due [...]