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 [...]
What was in Osborne’s red box: our quick summary March 22, 2012 THE ECONOMY/PUBLIC FINANCES The Office for Budget Responsibility (OBR) forecasts that UK GDP will grow by around 0.8 per cent this year, the same rate as in 2011, up from its earlier forecast of 0.7 per cent. The beneficial effects of falling inflation are expected to be offset by uncertainty over the Eurozone and tighter [...]
CITY MOVES | WHO’S SWITCHING JOBS March 21, 2012 Ashurst The leading international law firm has announced that James Collins has been appointed as managing partner, with effect from 1 May 2012. Collins trained at Ashurst and became partner in 2005. He is currently a banking partner in Paris, with particular expertise in cross-border acquisition finance and restructuring transactions. He succeeds Simon Bromwich, who [...]
KEEPING THE FIGURES IN THE CHOTE FAMILY March 21, 2012 CHANCELLOR George Osborne makes much of the endorsement given to his Budget by an independent quango he set up to monitor Treasury number fudging, the Office of Budget Responsibility. “These days the direct costing the Treasury applies to every Budget measure is independently assessed and certified by the OBR,” he yesterday declared pointedly to shadow [...]
Compliance isn’t the easy path to fortune March 21, 2012 A RECENT Thomson Reuters survey of 500 compliance officers at financial services firms emphasised two things about the extraordinary growth in the importance of the profession in today’s job market. Firstly, it showed how lucrative compliance roles have become – 70 per cent expected the cost of senior compliance staff to be higher in 2012. [...]
Carrefour closes China store March 19, 2012 EUROPEAN retail giant Carrefour is to temporarily close one of its stores in China, a local government official said yesterday, days after state media said the chain was passing off regular chicken as free-range meat. The closure is the latest case of Chinese officials cracking down on foreign brands and comes after food safety authorities said [...]
Cameron: We need privatised roads March 18, 2012 ROAD PRICING and greater use of toll roads could become a reality as the government seeks to find ways to entice the private sector to invest more in infrastructure. David Cameron will today launch a new study into the financing and ownership of Britain’s roads, arguing the country “urgently” needs “to repair the decades-long degradation [...]
F&C takes hit as outflows reach £7bn March 15, 2012 SHARES in F&C Asset Management sank nearly five per cent yesterday after it posted £7.2bn of net outflows during last year. The fund management firm, which has endured a turbulent 12 months including a boardroom coup and a series of job cuts, saw total assets under management drop 5.4 per cent to £100.1bn after the [...]