City Moves for 16 September 2013 | Who’s switching jobs September 15, 2013 Frostrow Capital The investment trust group has hired David Harris as marketing manager. He joins from Morgan Stanley, where he held associate positions in its FX corporate sales team and senior relationship management division. He began his career as a British Army infantry officer. Julius Baer The private bank has announced the appointment of Mazy [...]
The business built to help customers outsource their chores September 15, 2013 Annabel Palmer meets Raj Singh, co-founder of the online marketplace Sooqini, who shunned job security for a career as an entrepreneur ACCORDING to Raj Singh, founder of online marketplace Sooqini, we are now living in a “gig economy”. His theory, albeit paraphrased from Michael Lewis’s The New New Thing, goes that people no longer want [...]
Public to need at least £750 to buy shares in Royal Mail share sale September 12, 2013 UNLIKE the great privatisations of the Thatcher era, the forthcoming Royal Mail float will not be accompanied by a major publicity campaign – but individual investors will still be encouraged to buy shares as part of the IPO. The minimum individual share purchase will be £750 but at this stage it is not clear whether [...]
The Nominations: A very warm welcome to the shortlists for the City A.M. awards 2013 September 8, 2013 TODAY we kick off the countdown to this year’s City A.M. Awards with the first of the shortlists for an event that has rapidly established itself as a highpoint in the annual calendar. Our awards, now in their fourth year, celebrate all of the City’s main sectors and the people that make sure London remains [...]
Heroic leap in sales for retailer Supergroup September 5, 2013 SUPERGROUP, the company behind the Superdry fashion label, reported a leap in first quarter sales yesterday thanks to overseas expansion and strong demand for its autumn and winter collections. Shares jumped 5.87 per cent as the retailer posted group sales of £75m in the 13 weeks to 28 July, up 25.7 per cent on the [...]
Expansion boosts Belvoir sales September 5, 2013 Belvoir Lettings, the estate agency that floated on Aim last year, posted a 35 per cent rise in half-year revenues yesterday to £2.5m after making a string of acquisitions and bolstering its presence in London and the south east. Belvoir runs 142 franchised offices across the UK and aims to grow to 200 by 2016. [...]
Eurozone boost as output hits a two-year peak September 4, 2013 THE EUROZONE’S recovery finally appears to be on track according to data released yesterday, with business output growing in August at its fastest pace in over two years. The news came as separate data from Brussels showed the single currency area escaping recession during the second quarter of the year, supporting earlier estimates. The Eurostat [...]
Digitising Whitehall could save taxpayers up to £24bn a year September 1, 2013 CIVIL servants should eliminate the use of paper when interacting with the public and model their working practices on internet start-ups, according to a report released today. Influential think tank Policy Exchange says the existing Whitehall model is failing to take advantage of technological change. It believes that if the state can match the productivity [...]
Barclays appoints former White House and Treasury lawyer as general counsel August 30, 2013 Barclays has announced the appointment of former White House and Treasury lawyer Bob Hoyt as group general counsel, completing chief executive Antony Jenkin's executive team to deliver the bank's "Transform" programme. Hoyt will succeed Mark Harding, who announced his intention to retire in February. He joins from PNC Financial Services, where he is currently general [...]
Foxtons to raise £55m in stock market debut August 27, 2013 FOXTONS confirmed plans yesterday to list on the London Stock Exchange and to raise £55m by offering new shares to help pay down its remaining debt. The London-focused estate agency said the initial public offering will also see Adnams BBPM Holdings, a vehicle controlled by its private equity owners BC Partners, sell a partial [...]