Weak Chinese data hits FTSE mining stocks – London Report April 13, 2015 THE UK’s top equity index slipped from record highs yesterday as surprisingly weak data from China weighed on mining stocks, with investors also growing cautious before next month’s General Election. The FTSE 100 index, which touched a record high of 7,095.36 points on Friday, retreated 25.47 points, or 0.4 per cent, to 7,064.30 points by [...]
On tax and spending, the voters are right: Our politicians are all the same April 13, 2015 There are still 23 days to go, and the signs are bleak. Astonishingly, the rest of this election campaign could be even more trivial, insubstantial and tedious than we have witnessed to date. This week, the political parties unveil their manifestos. This will have the effect of locking them all into a pattern of endless [...]
General Election 2015: The 10 key points of Labour’s “pro-business” manifesto April 13, 2015 Labour has launched its manifesto ahead of the General Election on May 7 – and the party has chosen to go toe-to-toe with the Conservatives on the economy. Ed Miliband promised Labour was "pro-business, not pro-business as usual". Some of the policies have been formulated to directly appeal to the business community – but others [...]
Investment bankers lead City workers in favouring diversity April 12, 2015 Investment banking staff are the most convinced of all City workers of the benefits of workplace diversity. Workplace diversity was rated as important or very important by 59 per cent of investment bankers, according to survey figures released today by recruiters Astbury Marsden. “Investment banks pride themselves on being fiercely meritocratic – they will take [...]
M&G Investment provides £40m loan for 400 south east homes April 12, 2015 M&G INVESTMENTS has agreed to provide an east London housing association with a £40m loan as part of its expansion into the UK housing sector. The pension fund manager said the 30-year loan to Estuary would help build 400 homes over the next three years. Half the homes will be built in London boroughs while [...]
Games of drones intensifies as Hailo founder Jay Bregman raises more funds for Verifly venture April 12, 2015 The man behind taxi hailing app Hailo has raised £1.4m from a clutch of investors to fund a new venture developing a system to register unmanned drone flights, making them safer to be in the air. Jay Bregman, who co-founded Hailo in 2011 in London before leaving the group late last year, has been backed [...]
City Moves for 13 April 2015 | Who’s switching jobs April 12, 2015 Cunningham Lindsey The claims management and third party administration services provider has appointed Mark Thompson as global head of major and complex loss, and chief executive of Cunningham Lindsey International. He has over 20 years’ experience managing loss adjusting and insurance forensic accounting. LME The London Metal Exchange has appointed Andrew Dodsworth as head of [...]
Co-op returns to winning ways after dark days April 9, 2015 THE Co-operative Group yesterday announced a return to profit – a reversal of fortunes on the previous year’s losses of £255m. The supermarkets-to-funerals operator that almost collapsed in 2013 reported pre-tax profit of £124m for the year to 3 January, against a loss of £255m a year earlier, on revenue of £9.4bn, helped by disposals. [...]
Hastings boss confirms group looking at float April 9, 2015 HASTINGS Insurance Group boss Gary Hoffman said yesterday that the firm was still looking into the option of floating on the stock market. Addressing speculation that a public listing is on the cards in the next few months, Hoffman told City A.M.: “We are working with the shareholders to review options for the future, and [...]
Pensioners keen to take control of retirement plans, survey finds April 9, 2015 Fears that pensioners would fritter away their savings on luxury purchases have not been borne out since the rules surrounding pensions were changed at the beginning of this week. The reforms have granted savers new freedoms, allowing them to access their pension pots for the first time, and just one per cent of 50-75 year [...]