Nick Leslau sells Max Property Group to Blackstone for £448m July 22, 2014 Property entrepreneur Nick Leslau has agreed to sell his fund Max Property Group to private equity giant Blackstone, in a deal valuing the company at £448m. The Aim-listed fund, which owns St Katherine’s Docks near Tower Hill, was set up in 2009 to take advantage of the distressed property market in the wake of the [...]
City Moves for 23 July 2014 | Who’s switching jobs July 22, 2014 Saxo Bank Alessandro Bressan has been appointed global head of equity products at the online multi-asset trading and investment specialist. He was most recently at Deutsche Bank, where he was global head of dbIntegrate sales. Bressan has also held roles on Morgan Stanley’s equities electronic trading desk. Atkins The engineering and project management firm has [...]
UK house sales at their highest since 2007, but seasonally adjusted figures show drop July 22, 2014 There was another sign that the UK property market may be cooling, after the HMRC released figures showing that the number of properties sold in the month of June had dropped – when the numbers are adjusted by season. Although the raw number of sales for June, 109,580, is the highest since November 2007 (and [...]
Save money on your overseas transfers and payments July 21, 2014 More people are finding it necessary to send money overseas, whether they are buying a property abroad, paying a mortgage or service fees on a property they already own, or work internationally and need to move money cost-effectively around the world. Even if you simply buy goods from overseas, or want to send money to [...]
Buying overseas? Speak to the currency experts first July 21, 2014 Spanish property continues to be popular for Brits looking to buy abroad, with nearly half of all property enquiries for Spain sitting in the £50,000 to £150,000 bracket according to figures from Kyero.com. The Costa Blanca remains the favoured region, accounting for more than a third of Spanish property enquiries on the portal, and with [...]
Working overseas? Make your salary go further July 21, 2014 Around 314,000 people emigrated from the UK in 2013, according to the latest official figures from the Office of National Statistics and nearly two thirds of people who move overseas go abroad to work. The number of people leaving the UK for work has increased in the past year, with 186,000 people emigrating for this [...]
City Moves for 21 July 2014 | Who’s switching jobs July 21, 2014 Laing O’Rourke The construction firm has announced the appointment of Paul Sheffield as managing director of its Europe hub. He joins after 31 years at Kier, where he was most recently chief executive. Sheffield is a fellow of the Institution of Civil Engineers. UBS Global Asset Management James Finch has been appointed head of global [...]
Gimme 5 July 20, 2014 …UPCOMING EVENTS FOR ENTREPRENEURS The Fashion Exchange A day-long event for people starting up in the skincare, beauty and men’s grooming business, with several talks from industry experts. 17 September, 9am – 4pm. £40 BIS, 1 Victoria Street www.enterprisenation.com Marketing Business Surgery A four-hour workshop for businesses in their first 12 months of trading, looking [...]
Test your FX experience – and win currency July 20, 2014 We’re giving City AM readers the chance to win £500, credited to their Moneycorp account, by entering our foreign exchange-themed quiz below. Email your answers to cityam@moneycorp.com by noon on Friday 22nd August for a chance to win.* 1. Which emerging market country is the UK’s largest exporting partner? a. Thailand b. China [...]
The first-time buyer boom in two charts: Number gaining property ladder foothold hits seven-year high July 19, 2014 The number of first-time buyers purchasing their own home is now at its highest since pre-crisis 2007 with 144,500 first-time buyers jumping on to the property ladder in the first half of the year- a 25 per cent rise on the same period in 2013. The figures from Halifax point to a boom in the [...]