City Moves for 7 January 2013 | Who’s switching jobs January 7, 2013 SJ Berwin The law firm has announced the appointment of Steven Fogel to its partnership board and as a non-executive director. He was previously senior partner of Titmuss Sainer, and led the law firm in its merger with Dechert. Fogel then served as managing partner of Dechert’s London office before retiring in June 2012. He [...]
Immigration rules: open for business December 16, 2012 FIGURES from the 2011 census revealed that 27 per cent of London’s population – some 1.9m people – is foreign-born. Hedge funds, banks, professional services firms, so much of London’s economy depends on its ability to attract and retain skilled international talent. Many come from inside the EU. There are now 579,000 Polish-born immigrants in [...]
The Treasury will gain nothing from property tax hikes December 4, 2012 A S THEY consider a “back-door” mansion tax and another increase in stamp duty in today’s Autumn Statement, George Osborne and Vince Cable should take a quick look at a dramatic drop in tax receipts after the last Budget. In March, stamp duty was hiked to 7 per cent for people buying property over £2m [...]
Ex-Goldman trader probed December 3, 2012 MORGAN Stanley trader Edward Glenn Hadden is under investigation by regulators at CME Group over trades in Treasury futures four years ago while he was employed by Goldman Sachs, according to a regulatory filing. Hadden is a managing director and head of global interest rates products at Morgan Stanley. Prior to joining Morgan Stanley, Hadden [...]
UBM flies back to UK after near unanimous vote November 26, 2012 PUBLISHING company UBM will move its tax base back to Britain by the end of the week after shareholders overwhelmingly voted for the return from Ireland yesterday. The transition was emphatically approved at a special meeting, with 99.997 per cent of votes cast in favour of the move. The former owner of the Daily Express [...]
Supreme Court ruling on equal pay paves way for more claims October 24, 2012 A LANDMARK legal ruling on equal pay claims handed down by the Supreme Court yesterday could open the door for female workers in the City to make compensation claims against former employers. The Court, the most senior in the land, yesterday ruled scores of women previously employed by Birmingham City Council could seek compensation through [...]
Cameron mulls visa curbs on EU migration October 7, 2012 THE GOVERNMENT yesterday indicated that it could introduce visa restrictions for some EU citizens in an attempt to net reduce immigration into the UK. Both David Cameron and home secretary Theresa May indicated their support for the plan, which has been added to a wide-ranging Whitehall review of Britain’s relationship with Europe. “I believe in [...]
Herbert Smith Freehills launch forms top 10 firm by headcount September 30, 2012 A MERGER to create the world’s eighth-largest law firm will go live this morning, as the tie-up between Herbert Smith and Freehills is officially launched. Announced in June, the full equity merger between Herbies – which employs more than 700 lawyers in London – and Australia’s Freehills will result in a firm employing more than [...]
Boris: It must be harder to strike September 17, 2012 BORIS Johnson yesterday launched a hard-hitting attack on the power of trade unions in a move that revived suggestions that he is positioning himself to run for leadership of the Conservative party. Setting out his proposals to combat hard-line union activism, the Mayor of London called for a clampdown on the ability of organised labour [...]
Cameron’s cabinet reshuffle is taking shape September 4, 2012 YESTERDAY’S reshuffle left the great offices of state untouched but the changes David Cameron made to his cabinet provide an insight into the Prime Minister’s plans for the second half of this government. He has turned to trusted allies, with aides saying the focus is on ensuring government policies pass into legislation within the timeframe of [...]