City Moves for 24 September 2013 | Who’s switching jobs September 23, 2013 Rockspring The property investment company has announced the appointment of David Thomas as European director responsible for its fund accounting team. Thomas was most recently at PwC, where he spent nine years specialising in investment management and real estate. Barclays The bank has recruited Peter Horrell as chief executive of its wealth and investment management [...]
Lynch invests in cyber security September 16, 2013 BRITISH technology guru Mike Lynch yesterday invested £1bn in cyber security firm Darktrace, praising the firm’s “radically different” approach. Lynch rose to fame after founding Autonomy, a firm sold to Hewlett-Packard in 2011 for £7.1bn. He has since set up a fund, Invoke Capital, to invest in the sector. “Darktrace brings a radically different solution to [...]
What the other papers say this morning – 05 September 2013 September 4, 2013 FINANCIAL TIMES Dyson to hire hundreds of recruits Dyson has launched its biggest recruitment drive yet with plans to triple the number of engineers taken on this year in the latest sign of a rebounding British economy. The maker of bagless vacuum cleaners, which employs almost 4,500 across three sites in the UK and Asia, [...]
City and sporting stars tee off for 16th annual Tullow golf day September 4, 2013 TO THE green fairways of Sunningdale golf club in Berkshire yesterday, for the 16th annual Tullow Oil golf day, which raises money for charity Clic Sargent. City and celebrity players alike turned out in their plus fours for the game, including rugby player Mike Tindall, Olympic rowers Sir Steve Redgrave and Matthew Pinsent, Tullow founder [...]
Ocado and Sports Direct: better to arrive late than not at all August 26, 2013 Whenever bankers are asked to explain why London’s market for new issues – the IPO market – nearly collapsed altogether last year, they cite a number of factors that always include the poor performance of a number of high-profile flotations. The lists are long and varied but almost everybody’s bete noirs include Sports Direct, Mike [...]
City Moves for 23 August 2013 | Who’s switching jobs August 22, 2013 Kleinwort Benson The private banking and wealth management firm has appointed Gemma Woodward as head of charities. She has previously held various roles at Newton’s Investment Management, Lloyds Private Banking, and Henderson Global Investors Private Asset Management. Deloitte Mark Stephenson has joined the business advisory firm as head of its UK and Switzerland manufacturing industry practice. [...]
Blackberry ripe for the picking as it considers sale August 12, 2013 STRUGGLING smartphone maker BlackBerry yesterday opened the door to a multi billion dollar sale of the company as it unveiled a dealmaking committee tasked with reviving the group’s flagging fortunes. The Canadian firm, famed for its email-friendly phones and formerly known as Research In Motion, said US M&A guru Tim Dattels would head an executive [...]
Barclays plans £5bn share sale July 29, 2013 BARCLAYS will today reveal how it plans to plug its capital hole, raising funds from shareholders to reassure regulators it is a strong, stable bank. After weeks of intense negotiations with the City watchdog, chief executive Antony Jenkins is set to unveil a plan that aims to balance investors’ hopes that they will not [...]
Watchdog will probe accounts for Autonomy February 11, 2013 THE ACCOUNTING watchdog has opened a probe into former FTSE 100 software firm Autonomy’s accounts for the years leading up to its controversial takeover by Hewlett-Packard. The Financial Reporting Council said yesterday it will look at Autonomy’s reporting between 1 January 2009 and 30 June 2011, shortly before the $11.1bn (£7bn) offer from HP was [...]
Blinkx shares boosted by online ad spending during US election February 11, 2013 SHARES in video search engine company Blinkx soared 25.74 per cent yesterday after the company raised its profit forecasts. The firm gave an upbeat trading report for the third quarter and said it now expects full-year revenue to be between $180m (£114.7m) and $185m. This is largely due to increased online advertising on the back [...]