In brief: Government reshuffle so far October 7, 2013 New appointments:- Sajid Javid: Treasury financial secretary Robert Goodwill: parliamentary under secretary (Department of Transport) Esther McVey: minister of state (employment) Nicky Morgan: Treasury economic secretary Mike Penning: minister of state (Department for Work and Pensions) Don Foster: chief whip Greg Hands: deputy chief whip Alistair Carmichael: Scottish secretary Matt Hancock: minister of state (skills [...]
Knight Frank sees London as prime location September 29, 2013 ESTATE agent Knight Frank has named London as its prime location as it reported increases in both turnover and profit in the last year. The upmarket property advice company saw its profits lift seven per cent to £102.7m in the year ending 31 March, while turnover rose five per cent to £350m and net cash [...]
City Moves for 30 September 2013 | Who’s switching jobs September 29, 2013 Hausfeld & Co The litigation law firm has appointed Boris Bronfentrinker as partner. He joins from Freshfields Bruckhaus Deringer, where he was a senior lawyer in its cartel defence and commercial disputes practice. Macquarie Securities The institutional equities arm of Macquarie Group has appointed Brandon Krieg as managing director and head of electronic execution in [...]
Locals buying up riverside apartments in Wandsworth September 26, 2013 Borough bucks international buyer trend OVER the past couple of years a large majority of luxury properties in London have been snapped up by international investors. But the Wandsworth Riverside Development is hoping to buck the trend by creating property aimed at and marketed to south west Londoners. Dr Stanley Quek, chief executive of Frasers [...]
Mandelson says Miliband taking party backwards September 25, 2013 FORMER business secretary Lord Mandelson yesterday accused Ed Miliband of dragging the Labour party backwards with plans to freeze energy prices. Mandelson, widely seen as the architect of new Labour, lashed out after Miliband told the Labour Party conference he would impose a 20-month suspension of household fuel bills if he wins the next election. “As [...]
Centrica labels Labour plan as a recipe for ruin September 24, 2013 BRITAIN’S big six energy companies yesterday lambasted Labour leader Ed Miliband’s pledge to freeze energy bills until 2017, saying his planned reforms could financially ruin firms and discourage infrastructure investment. Sir Roger Carr, chairman of British Gas owner Centrica, said Labour’s plan to implement price controls could leave companies in a vulnerable position. “When costs [...]
Riverstone aims to raise £1.5bn in energy float September 24, 2013 PRIVATE equity firm Riverstone Holdings yesterday said it is planning to float a new energy investment vehicle, Riverstone Energy, on the London Stock Exchange, in an initial public offering to raise up to £1.5bn. Lord Browne, former boss of oil major BP, is a partner at Riverstone Holdings and will take a board seat at [...]
How Labour can deliver on its pledge and tackle London’s housing drought September 24, 2013 HAROLD Macmillan made his reputation – and became Prime Minister – after delivering on his pledge to build 300,000 houses a year in the early 1950s. As Ed Miliband made clear yesterday, when he promised that a Labour government would ensure that 200,000 new homes were built annually by 2020, we now need similar ambition. [...]
Warnings that Labour proposals could result in fuel shortages and capital flight September 24, 2013 Business groups have slammed Labour leader Ed Miliband's speech as laying out an irresponsible approach to British business. CBI director-general John Cridland has said that the proposals are a "setback for Labour's pro-enterprise credentials". Cridland says that suggestions that business rates should be frozen with revenues from higher corporation tax rates are "divisive" and that [...]
City Moves for 23 September 2013 | Who’s switching jobs September 22, 2013 Savills The property company has recruited Brian Gaffney as a director and head of property management in Belfast. Gaffney has over 15 years’ industry experience. He joins from Colliers International, where he was head of its property management division. Standard Chartered The bank has announced two appointments to build its legal, compliance and regulatory programmes. [...]