Brewin Dolphin is the only UK investment management firm to have its investment banking division headquarters outside London. Francesca Craggs speaks to Graeme Summers, who heads the Newcastle-based operation.
THINK investment banking and the City of London or Wall Street probably springs to mind. Not many people may know the North East can boast its very [...]
LONDON, Feb 28 (Reuters) - British investment banking joint
venture JPMorgan Cazenove on Thursday posted a 1 percent fall in
total 2007 revenue to 440.2 million pounds ($872.7 million) and
said chief executive Robert Pickering had resigned.
Cazenove [CAZ.UL], the British broker which set up a joint
venture with U.S. investment bank JPMorgan Chase [...]
The City of London
Corporation is a local body of elected members that is apolitical and is
responsible for providing infrastructure and other facilities in London. We
provide local government services for the financial and commercial heart of
Britain. In addition to the usual services provided by a local authority such as
housing, refuse collection, education, social services, environmental [...]
LONDON (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) is cutting about 150 jobs in London, the vast majority coming from the back office, a source familiar with the situation said on Friday.
The cuts are part of the more than 1,000 lay-offs across the U.S.-based investment bank that a person briefed on the moves told [...]
Feb 1 (Reuters) - Banks are cutting hundreds of jobs in the
City of London to make up for the losses many made on business
related to risky mortgages in the United States and for a
slowdown in deal-making.
Britain’s Centre for Economics and Business Research sees a
loss of about 8,000 jobs in [...]
LONDON (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) is cutting about 150 jobs in London, the vast majority coming from the back office, a source familiar with the situation said on Friday.
The cuts are part of the more than 1,000 lay-offs across the U.S.-based investment bank that a person briefed on the moves told [...]
Citigroups 25-year lease expires in 2026, with upward-only rent reviews every five years. The yield, calculated by dividing rental income by a buildings value, is about 4.5 percent, according to Quinlans statement.
That implies an annual rent of about %26#163;45 million, “significantly” less than the average for the City of London and Canary Wharf financial districts, [...]
Land Securities Sells Assets at Profit as Prices Fall (Update2)
By Peter Woodifield
Jan. 22 (Bloomberg) — Land Securities Group Plc, the
U.K.s largest real estate company, sold more than 500 million
pounds ($970 million) of assets at a profit in the fiscal [...]
Hines, Russian Billionaires to Develop London Office (Update1)
By Peter Woodifield
Jan. 18 (Bloomberg) — Hines, the closely held U.S. real
estate firm, plans to develop a new office building over
Londons Cannon Street rail station with Russian property
billionaires Kirill Pisarev and Yuri [...]
U.K. Real Estate Losses May Be Biggest in 25 Years (Update1)
By Simon Packard
Jan. 7 (Bloomberg) — LaSalle Investment Management put
Condor House, a seven-story office building facing Londons St.
Pauls Cathedral, on the market for 130 million pounds ($256
million) six months ago. The building sold last month for about
117 [...]
