BUSINESS MARKETING CAMPAIGN OF THE YEAR June 28, 2011 INNOVATION was the key for this year’s shortlist. Microsoft proved that it is still an innovator with “Cloud Power”; Barclays Stockbrokers and American Express brought novel techniques to bear in their campaigns; Locog kindled new enthusiam for 2012; and NatWest showed that a new enthusiasm for better service is the best ad of all. Don’t [...]
Moody’s puts 14 UK banks on negative rating outlook May 24, 2011 MOODY’S has put 14 of the UK’s biggest banks on review for a ratings downgrade due to regulatory efforts to resolve the “too big to fail” problem. The move could significantly increase borrowing costs for banks as regulators draw up plans to reduce the likelihood that taxpayers will have to bail out failing banks in [...]
BANK EXODUS AS TRADERS JUMP SHIP FOR HEDGE FUND MILLIONS April 25, 2011 THE BRAIN drain from the City’s leading banks has started, as The Capitalist can reveal traders at JP Morgan Chase, RBS, UBS and Lloyds have gone behind bosses’ backs to apply to a hedge fund that promises to make them millionaires within a year. The deserting bankers are on the shortlist for Mike Baghdady’s Trading [...]
CITY MOVES | WHO’S SWITCHING JOBS April 14, 2011 Lloyds TSB Commercial Finance Andrew Gaunt has been promoted to associate director of Lloyds TSB commercial finance’s business development team in the North East and Yorkshire. Gaunt moves from the lender’s large and major corporates team in the region, where he has spent the last five years as client manager, looking after a combined review [...]
Austrian firm lists despite lower price April 7, 2011 AUSTRIAN aluminium group AMAG has raised €366m (£320m) in the first Vienna listing since October 2007. The manufacturer sold at €19 per share, at the bottom end of its anticipated price of between €19 and €24. The range was narrowed earlier this week to between €19 and €21, amid tough market conditions for initial public [...]
CITY MOVES | WHO’S SWITCHING JOBS March 2, 2011 Kinsey Allen International Sebastian Piggott has joined Kinsey Allen International (KAI), the global executive search firm, as a consultant. Piggott joins Kinsey Allen International’s fixed income practice to focus on senior sales and trading hires across credit, rates and foreign exchange. Piggott started his career in 1990 at Yamaichi International, and subsequently worked for Natwest [...]
Lloyds stays at the top of bank complaints list February 28, 2011 LLOYDS BANKING GROUP was the most complained-about financial firm during the last six months of last year, after more than 22,000 customers registered a grievance with the Financial Ombudsman Service (FOS). Lloyds, the UK’s biggest bank by customers, was the subject of almost a quarter of the 97,237 new cases lodged with the ombudsman. The [...]
CITY MOVES | WHO’S SWITCHING JOBS February 23, 2011 Smith & Williamson The law firm has appointed a new head of its City-based restructuring and recovery team. Anthony Spicer will take up the role in the firm’s Moorgate office. He is a chartered accountant and licensed insolvency practitioner. He has specialised in turnaround and resturucturing since 1989, on both the lending and company side, [...]
Premier Foods sells off can division to Princes February 8, 2011 PREMIER Foods yesterday said that it sold its canned grocery division –?including the brands Crosse & Blackwell and Fray Bentos – to rival Princes. The £182m deal is aimed at cutting Premier’s debt and is the second disposal in less than a month after the company sold its Quorn business for £205m. Premier said it [...]
Lord Myners takes fresh job in the City February 7, 2011 EX-CITY minister Lord Myners this week added a second non-executive role to his portfolio, with his appointment as a partner and chairman of Autonomous Research, the independent research firm. And he is thought to have a third on the way as chairman of billionaire Nicolas Berggruen’s new acquisition vehicle which is seeking to raise around [...]