City Moves for 5 June – Who’s switching jobs? June 4, 2019 Today’s City Moves includes Barclays, 11:FS and FXD Capital. Barclays Barclays has appointed Karen Johnson as the national head of retail, wholesale and healthcare for its Corporate Banking business. Karen has more than 25 years banking experience, working with a wide range of businesses from owner-managed through to multinationals. She joined Barclays in 2015 to [...]
Matalan boosts revenue despite ‘tough retail climate’ June 3, 2019 Budget fashion brand Matalan boosted profits and revenue last year despite a “tough” retail climate which has seen other retailers forced to launch store closure programmes. The figures Revenue was £1.1bn in the year to 23 February 2019, up from £1.06bn in the previous year driven by a 31 per cent rise in online sales. [...]
Private renters to save hundreds of pounds as letting fees ban comes into action June 1, 2019 The ban on letting fees has come into force throughout England, two-and-a-half years after the plan was initially unveiled. It is set to save private renters hundreds of pounds, with Citizens Advice claiming that around £234m has been paid out since November 2016, when the government committed to crack down on the fees. Read more: Mortgage [...]
UK house price growth slows in May amid Brexit uncertainty May 31, 2019 Annual growth of UK house prices remained below one per cent for the sixth consecutive month in May, as political uncertainty continued to weigh on the property market. Prices fell 0.2 per cent month-on month, while annual house price growth slowed to 0.6 per cent, falling from 0.9 per cent in April and below the [...]
Mapped: Where to save money on London house prices along the River Thames May 30, 2019 Whether it’s football clubs, tube lines or tall buildings, London is in no short supply when it comes to divisions between north and south. But the divide across the Thames even stretches as far as house prices, with new research showing a stark difference in some property values between one side of the river bank [...]
Deutsche Bank enters Britain’s mortgage market, launching regulated product May 29, 2019 Deutsche Bank Wealth Management has announced it will offer regulated mortgages to its private banking clients in Britain. Clients looking to buy houses in the UK and borrow £3m or more at competitive loan-to-value and interest rates will be able to use the product. The wealth manager will roll it out to clients who want [...]
Profits slide at Telford amid housing uncertainty and move into rental market May 29, 2019 Telford Homes has posted a double-digit drop in full-year profits before tax, as a move into less lucrative rental projects and a slowdown in the capital’s property market hit the London-based housebuilder. The developer said margins had been hit by its direction away from traditional private house sales and into the build-to-rent market, as it [...]
Westerners are taking the benefits of globalisation for granted May 29, 2019 One of the many bizarre political twists of recent years has seen conservative leaders and voters take a less favourable approach to globalisation and free markets than some of their left-leaning rivals. Across the pond the Republicans have provided the most glaring example by electing a nationalist tariff-enthusiast, but even on this side it has [...]
City Moves for 29 May – Who’s switching jobs at Clearstar, Deutsche Bank Wealth Management and The Office Group? May 28, 2019 Today's City Moves includes Clearstar, Deutsche Bank Wealth Management and The Office Group. Clearstar Clearstar has announced that it has appointed Jennifer Balleza as the company’s chief financial officer with immediate effect. Jennifer, who has been serving as the company’s interim chief financial officer since January 2019, is not being appointed to the board of [...]
‘Lack of confidence’ to blame for gender investment gap May 28, 2019 More than a third of wealthy women do not invest due to a lack of confidence, according to new research. A total of 35 per cent of high net worth women do not have an investment portfolio, a survey of 500 wealthy individuals found, compared to 17 per cent of men. Read more: When women [...]