City Moves for 22 May 2015 | Who’s switching jobs May 21, 2015 Pension Insurance Corporation Rob Groves has been appointed chief investment officer of the specialist insurer. He joins from Friends life, where he held the same role and oversaw assets totalling £100bn. Groves has previously worked for UBS, Commerzbank and Towers. Maples Teesdale The commercial property solicitors has appointed Dellah Gilbert as a partner. She has [...]
National Waiters’ Day: Unions protest outside Pizza Express, Grosvenor House Marriot Hotel over low pay May 21, 2015 Waiting staff are out on protest today in central London over low pay and claims that Pizza Express management are “pocketing an estimated £1m that should go to poorly paid staff”. Unite the union is organising the event, which began at midday on National Waiters' Day, outside the Leicester Square branch of Pizza Express. [...]
Thomas Cook adverts pulled from Mumsnet May 20, 2015 THOMAS Cook was dealt another blow last night as a leading parents’ website said it would no longer accept adverts from the under-fire travel operator. The firm is embroiled in a scandal after it claimed a payout from a hotel in Corfu where two children died in 2006. “Mumsnet users – understandably – felt that we [...]
City Moves for 21 May 2015 | Who’s switching jobs May 20, 2015 LDC The private equity investor has appointed Simon Adcock as a portfolio director. Adcock, a qualified accountant with nearly 20 years of big four advisory experience, joins from Deloitte, where he was regional head of its corporate advisory business. He began his career at KPMG. Duff & Phelps The valuation and corporate finance adviser has [...]
Quindell share price dips slightly after it issues more shares May 19, 2015 Shares in the embattled insurance outsourcer Quindell were trading down 0.2 per cent at 127p today after it said it had issued over four million new ordinary share. This was after Quindell said it had issued 4,012,694 new ordinary shares, being remainder of deferred equity consideration payable to sellers in respect of acquisition of iter8. [...]
This is when you’re most likely to be burgled May 18, 2015 Wednesday mornings are usually associated with the sluggishness of so-called hump-day, but now there's another reason to hate getting up in the middle of the week: it turns out that's when you're most likely to be burgled. Research suggests that almost one in five (18 per cent) burglaries take place on Wednesday morning, with 71 [...]
The glamorous world of Ivan Massow: Everything you need to know about London’s latest Mayoral candidate May 18, 2015 London's Mayoral election just got interesting, after entrepreneur Ivan Massow announced his intention to run as Conservative candidate in the vote, due to take place next year. There's no doubt London likes its leader to have bags of character (see: "Boris Johnson cheerfully dangling off a zipwire") – and Massow has character a-plenty. Here's everything [...]
Infrastructure proves top priority for UK’s directors May 17, 2015 Business leaders say infrastructure should be the new government’s number-one priority, according to a survey out today. According to a poll conducted after the General Election, 47 per cent of Institute of Directors (IoD) members ranked infrastructure as the top priority for the government. The second most popular response was education, mentioned by 40 per [...]
Allianz growth plan on track as premiums grow in first quarter May 17, 2015 Premiums grew by five per cent at Allianz UK in the first quarter of 2015, as the German-owned insurer continues with plans to become a £3bn firm by the end of 2018. Gross written premium went up to £555m, from £528m in the same period of 2014, and combined ratio improved to 97.7 per cent [...]
Think you will retire on £42,000 a year? That’ll be £1m up front… May 17, 2015 Britain’s workers are chronically unprepared for retirement, a new report by one of the UK’s biggest life insurers reveals today, with just seven per cent putting in enough money to meet their expectations. The research, conducted by Watermelon on behalf of Aegon, found a vast gap between the amount of money people expect to receive [...]