BG Group pays chiefs £5.4m April 4, 2012 THREE EXECUTIVES at fuel explorer BG Group have shared a pay packet worth a combined £5.4m this year – though their payouts were almost flat during a year in which the firm posted a 15 per cent rise in pre-tax profits Chief executive Sir Frank Chapman received a total of £2.87m, including a £1.2m bonus. [...]
Baker & McKenzie’s London arm sees profits fall by eight per cent April 4, 2012 OPERATING profit at City law firm Baker & McKenzie’s London arm fell by eight per cent in 2011 despite an increase in turnover. The firm’s LLP accounts, filed at Companies House last week, show that operating profit at the firm dropped to £41.7m in the year to 30 June 2011 from £45.4m the previous year, [...]
Sigma turnaround continues as it cuts losses April 4, 2012 SIGMA Capital, the investment firm backed by billionaire Scottish entrepreneur Sir Tom Hunter, narrowed its losses last year after buying an urban regeneration firm. Sigma cut its pre-tax loss by 60 per cent to £1.42m after making a series of changes in 2011 and said it expects to benefit from potentially lucrative partnerships with Liverpool, [...]
CITY MOVES WHO’S SWITCHING JOBS April 3, 2012 Post Office Virginia Holmes is joining the board of the Post Office as a non-executive director. Holmes has previously served as chief executive of AXA Investment Managers UK, and spent more than a decade with the Barclays Group, where she was ultimately managing director of Barclays Bank Trust Company. She currently sits on the board [...]
The law firm boss who’s not moving anywhere but up April 1, 2012 LAST weekend, Bryan Hughes found himself hanging 50ft above the ground, attached to nothing but a rope. In an effort to face his son’s fear of heights he’d taken him on the high wires at Center Parcs, but when they reached the highest point Hughes found himself feeling a growing sense of panic. “I made [...]
Queen’s reign over after 25 years at 3i March 29, 2012 SHARES in 3i jumped almost three per cent yesterday on hopes of a more aggressive strategy after Michael Queen announced he would stand down as chief executive. The stock closed 5.7p higher as analysts said “fresh blood” could be good for 3i, Britain’s oldest private equity firm and the owner of stakes in architecture firm [...]
Laura Ashley offers shoppers a place to stay with a new hotel March 29, 2012 ENGLISH fashion and interiors designer Laura Ashley said yesterday it has bought a hotel in Hertfordshire for £5.8m as the company shrugged off tough high street conditions to post a rise in full year sales. “Our plan is to turn it into a Laura Ashley boutique hotel that will showcase our products from fabrics to [...]
CITY MOVES | WHO’S SWITCHING JOBS March 29, 2012 Assura The UK’s leading primary healthcare property company has announced the appointment of Graham Roberts as its new chief executive, with immediate effect. Roberts has worked in the property sector for the last sixteen years, most recently as finance director of British Land, one of the UK’s largest real estate investment trusts. Roberts replaces Nigel [...]
CITY MOVES | WHO’S SWITCHING JOBS March 28, 2012 First Reserve The leading global investment firm dedicated to the energy industry has appointed Alex T. Krueger as president, the next milestone in its senior management succession plan. Krueger has been with First Reserve for thirteen years, most recently serving as managing director in London. He was previously co-head of the company’s buyout funds. Krueger’s [...]
Bernanke’s words boost US markets March 26, 2012 THE S&P 500 rebounded from its worst week so far this year to retake a four-year high yesterday after Federal Reserve Chairman Ben Bernanke signalled supportive monetary policy will remain even though the job picture has begun to improve. The three major US stock indexes climbed 1 per cent or more and all 10 S&P [...]