Money in your pocket? Here’s where the main parties stand on income tax April 19, 2015 The contents of voters’ pockets has always been a key motivating factor when it comes to deciding which party to place a cross next to. Few things encapsulate this kind of consumer politics more than the rate of income tax. The coalition has made great play of taking the lowest paid out of income tax [...]
City Moves for 20 April 2015 | Who’s switching jobs April 19, 2015 Colliers International Mark Phillips has been appointed director within the commercial real estate firm’s hotel and resorts consulting team. He has 25 years’ experience in the sector, and was previously a director at HLT Consulting. Phillips has also held roles at Horwath UK and Horwath & Horwath. JP Morgan Asset Management Gilles Drukier has been [...]
General Election 2015: Miliband unpaid internship ban previously supported by PwC, KPMG and Axa April 17, 2015 Ed Miliband will promise to ban unpaid internships if he becomes the next prime minister. In a bid to woo young voters in a speech today, the Labour leader will say companies will be banned from offering unpaid work experience for more than four weeks under a Labour government. Miliband will say lengthy unpaid internships [...]
Former Quindell chairman Rob Terry gives his verdict on Slater & Gordon deal April 17, 2015 It's crunch time for the £673m deal between Quindell and Australian law firm Slater & Gordon. As the embattled insurance claims processor's shareholders prepare to vote on the disposal of its legal business to Slater & Gordon today, ex-chairman Rob Terry has indirectly given his verdict on the deal. More on this story: Quindell shareholders vote [...]
City Moves for 17 April 2015 | Who’s switching jobs April 16, 2015 Investec Securities Paul Satchell has been appointed pan-European chemicals analyst at Investec Securities. He joins from Canaccord Genuity, where he has been an equity analyst since 2010. Satchell has almost 19 years’ experience as a sell-side analyst, and has held further equity analyst positions at ING, Merrill Lynch, Flemings and Paribas. He also has 16 [...]
German ten-year bond yield inch even closer to zero April 16, 2015 German ten-year bond yields turn negative: ten questions answered What's the relation between bond yields and price: – and interest rates. How does this relate to the lower zero-bound? (Why did economists think this was impossible) Why are investors buying into this seemingly dud deal? And who exactly benefits from this extraordinary situation? Why is [...]
UK house prices: Rental growth is now outpacing house price increases April 16, 2015 The price of renting a home in the UK has risen 10 per cent in the last 12 months – faster than the rate of growth for buyers. New data from HomeLet shows that the average rental cost rose in the 12 months to March in 11 of the 12 UK regions, with only Wales [...]
Legal & General paid chief Nigel Wilson £4.2m last year April 15, 2015 Insurance boss Nigel Wilson made £4.2m in 2014, up from £4m the year before. The total remuneration received by Wilson, who heads up insurance and investment group Legal & General, included a base salary of £808,000 and also £2m from a three-year performance share plan which vested last year. To qualify for the full [...]
Old Mutual poaches Standard Bank boss April 15, 2015 LONDON-listed insurer Old Mutual yesterday named the successor to its sitting chief executive, picking an executive from Standard Bank to take the top job later this year. Bruce Hemphill, currently the boss of Standard Bank’s wealth and insurance division, will replace current Old Mutual boss Julian Roberts in the fourth quarter of this year. “Bruce [...]
City Moves for 16 April 2015 | Who’s switching jobs April 15, 2015 Ashurst The law firm has appointed Sarah Morton-Ramwell as global pro bono partner. She joins from Reed Smith, where she was responsible for its pro bono and corporate responsibility projects in Europe, the Middle East and Africa. Old Mutual Global Investors The asset management firm has appointed David Cameron-Mowat as UK equity analyst. He joins [...]