City applauds Tory cut-price shares move February 22, 2010 CONSERVATIVE plans to offer millions of people cheap shares in Britain’s nationalised banks have received a tentative thumbs-up from the City. Shadow chancellor George Osborne yesterday outlined a scheme to hand small investors shares in Royal Bank of Scotland and Lloyds Banking Group when the government exits its £70bn stake. The “people’s bonus” would reward [...]
CITY MOVES | WHO’S SWITCHING JOBS February 17, 2010 HSBC Private Bank The bank has appointed Paul Forshaw as head of real estate fund management. Forshaw was previously part of a team responsible for real estate proprietary investment at failed Icelandic bank Kaupthing, investing joint venture equity in the UK, US and emerging markets. Prior to that, he spent time at property groups Knight [...]
Kraft bosses to be grilled by Parliament February 15, 2010 SENIOR executives from Kraft will be grilled by a Select Committee about the US firm’s controversial Cadbury takeover. The hearing, which has not yet been finalised, will try to pin Kraft down on its plans for the 186-year-old confectioner. Kraft received criticism from business secretary Lord Mandelson last week after it announced it will not [...]
THE INSIDER February 11, 2010 Golf seems to be a recurring theme at Lingfield which unfortunately means that they don’t have a sponsor. It’s a shame as it’s a great place to have a day out with friends and family. Racing in the UK has taken the bull by the horns to encourage racegoers in the last 24 months but [...]
McGeechan lands role as adviser at Gloucester February 11, 2010 SIR IAN MCGEECHAN is back in rugby after agreeing to join forces with protege Bryan Redpath at Gloucester. McGeechan, who led the British Lions on four occasions and also coached Wasps and Scotland, has agreed to join the coaching staff at Kingsholm in an advisory role. Head coach Redpath worked under McGeechan when playing for [...]
Q&A: BUYING February 4, 2010 Q.Dear Camilla, I am thinking about selling my home this year. But is it the right time given that there is both economic and political uncertainty at the moment? A.There has been a lot of positive press about property prices in recent weeks, which should support the UK housing market. For example, mortgage lender Nationwide [...]
Blackrock settles on City for London base February 4, 2010 BLACKROCK, the investment management group in which Barclays owns nearly 20 per cent, yesterday beat off Macquarie Bank to land a 25 year deal to base its London operations at Drapers Gardens in the City of London. The deal, which will see Blackrock paying £49 per square foot with a three year rent-free period, was [...]
CITY MOVES | WHO’S SWITCHING JOBS February 3, 2010 GLG Partners The asset management group has appointed Raffaele Costa as its new co-head of marketing. Costa, 40, has worked at GLG since it was founded in 1995, when he joined as a portfolio manager specialising in US and European equities. Prior to that, he was at Goldman Sachs. Costa will now work alongside co-chief executive [...]
City rents jump on supply crunch February 2, 2010 RENTS in the Square Mile will rocket by 19 per cent this year as a slowdown in the rate of new developments creates a supply crisis, property consultant Knight Frank warned yesterday. Rates are predicted to jump to £52.5 per square foot as international companies expand their City headquarters and the availability of space falls. [...]
Quins learn from mistakes to keep LV Cup hopes alive January 31, 2010 HARLEQUINS responded to a rollicking from head coach John Kingston to give themselves a chance of reaching the LV Cup semi-finals with a 16-13 win at London Irish. Kingston lashed out at his men after last week’s 45-20 Challenge Cup hammering by Cardiff Blues, but was full or praise yesterday as his side held off [...]