London drives frenzy of global property deals August 18, 2015 INVESTMENT activity in commercial property rose sharply in the first half of the year, new figures show, with cities, including London, New York and San Francisco, continuing to steal the spotlight. Global investment in commercial real estate reached $318bn (£204bn) at the end of June, 15 per cent higher than the same time last year, [...]
Quindell names new boss to unravel mess August 17, 2015 EMBATTLED insurance outsourcer Quindell yesterday appointed tech development guru Indro Mukerjee as its new chief executive, two months after the departure of Robert Fielding. The appointment was made public amid investigations by the Serious Fraud Office and Financial Conduct Authority into previous business and accounting practices. The announcement ends 80 days of uncertainty for Quindell [...]
City Moves for 18 August 2015 | Who’s switching jobs August 17, 2015 Investec Roger Lee has been appointed to the bank’s large cap pan-European sales team. He joins from Macquarie, where he was first responsible for leading the development of its global sales platform in Asia and the Middle East, and subsequently relocated to London to develop its UK and European long-only coverage. Lee has over 20 [...]
Does NHS Survival have patients in mind? The only way to truly save the NHS is to liberate it from state control August 17, 2015 The summer is ebbing, football is back, and this weekend saw the launch of yet another campaign to “save the NHS”. The dramatically named NHS Survival – an “umbrella group bringing together patients, public and professionals” – echoes previous dire warnings that we had “24 hours to save the NHS”, or “14 days to save [...]
Labour leadership race: Former foreign secretary David Miliband pledges support to Liz Kendall while warning of the risks of electing Jeremy Corbyn August 17, 2015 Former Labour frontbencher David Miliband has pledged his support to Liz Kendall in the Labour leadership contest. Writing in the Guardian, Miliband said he has been “struck since the beginning of the campaign by the plain speaking, fresh thinking and political courage of Liz Kendall and the new generation of politicians – Chuka Umunna, Emma [...]
Four things we know about Quindell’s new chief executive Indro Mukerjee August 17, 2015 Quindell today announced the appointment of new chief exec Indro Mukerjee, two months after the departure of Robert Fielding. Mukerjee, who takes the helm on 7 September, said he plans to focus on improving its offering to customers, as well as boosting shareholder value. Here are four things we know about the insurance outsourcer's new boss. He was [...]
Quindell share price edges up as it appoints Indro Mukerjee as chief executive August 17, 2015 Shares in embattled insurance outsourcer Quindell rose 2.15 per cent after it announced it had appointed a new chief executive, two months after the departure of Robert Fielding. Read more: Four things we know about Quindell's new chief exec Indro Mukerjee will start his job on 7 September. His appointment came as the company's business and [...]
Freeholder to join bidding war for Grainger’s German portfolio August 16, 2015 A MAJOR London property freehold owner is reportedly drawing up plans to bid for UK landlord Grainger’s German residential portfolio. Kirkmore Securities, which owns a number of mixed-use freeholds in Islington and Hampstead, is said to have approached the company via advisory group Rhino Investment Management. Grainger has appointed Lazard to sell the German portfolio, [...]
City Moves for 17 August 2015 | Who’s switching jobs August 16, 2015 Matthews & Goodman The commercial property adviser has announced the appointment of Giles Thomas to its national business space team. He most recently worked for TRW Real Estate, and began his career at Strutt and Parker, where he headed up its industrial team. Wedlake Bell The law firm has announced two promotions within its business [...]
Best of the Brokers for 17 August 2015 August 16, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com STANDARD LIFE S&P Capital IQ cut its rating for the savings and insurance company to “hold” from “buy”. It cut its forecast for earnings per share by eight per cent in 2015 to 24p as the company has seen lower growth in assets [...]