City&FinanceBriefing 30 Monday, 6 July 2009 London Lite Inbrief Nomura move deals a heavy blow to WharfBanking giant nomura today struck a blow to Canary Wharf as it decided to quit the east London financial district for the City. The move will see it shift 3600 staff, including the 2000 it took on when it bought Lehman Brothers London operations after the US bank collapsed last year. nomura will occupy Watermark Place, a new office building on the banks of the Thames near Cannon Street station. The 11-storey block is owned by Oxford Properties, which is a joint venture between a Canadian pension fund and Swiss bank UBS. The deal would be the largest property transaction in the Square Mile for almost five years and would be viewed as a major blow to Canary Wharf. nomura has been growing rapidly with the takeover of Lehman Brothers and recent extra recruit- ment boosting its staff from 1500 to more than 4000 in less than a year. Most of its staff work in the old Lehman building. Watermark Place has space for about 5000 people. The Japanese firm, led by chief executive kenichi Watanabe wants to return to the City because it believes it will be better for clients and staff. BY NICK GOODWAY Smears target JJB plan for cash-raising boost WAR has broken out between JJB Sports and Sports Direct, after allegations appeared to smear the formers chief executive Sir David Jones in an attempt to derail the retailers plans to raise cash in the City. At the end of last week, it emerged that beleaguered JJB is set to go to shareholders to raise 50 million. Over the weekend, however, extraordinary revelations emerged over an apparent conflict of interest between Jones and Mike Ashley, boss of arch-rival Sports Direct. There were also detailed allegations of a litany of past mismanagement at JJB. The reports revealed that Jones, the former supremo at Next who was brought in to save JJB earlier this year, has an outstanding loan of 1.5 million with Ashley. The financial arrangement has not previously been disclosed, and given the history of rivalry and intrigue between JJB and Sports Direct, amounts to an embarrassing conflict of interest for Jones. There were further reports detailing internal reports made by JJBs auditor Deloitte. They variously detail concerns raised about the arrival at JJB of its discredited former chief executive Chris Ronnie, sometime friend and associate of Ashley, over his spending at the company as it teetered on the brink financial implosion, and the boards oversight of Ronnies reign. Snoopers spied on bank staff DeUTSChe Bank was today alleged to have used private detectives to spy on its employees and shareholders. The snoopers included women hired to approach men in bars to find personal weaknesses of certain shareholders. The german financial watchdog BaFin has been informed and will launch a probe. Detectives were hired to keep an eye on people suspected of leaking information, and made inquiries as to who they were meeting and when. Australia Dollars 1.9445 Canada Dollars 1.8097 Denmark Kroner 8.2945 Eurozone Euro 1.1175 Hong Kong Dollars 12.0700 Japan Yen 150.1900 New Zealand Dollars 2.4116 South Africa Rand 12.0400 Sweden Kronor 12.2000 Switzerland Francs 1.6949 UAE Dirham 5.6567 United States Dollars 1.5674 TouriST raTeS DOWN 50.20 at 4186.06 fTSe 100 doW joNeS Nikkei -$ CLOSED for holiday DOWN 135.20 at 9680.87 DOWN 2c at $1.6121 >>for all the latest City share prices, call 0905 817 1694* or visit thisismoney.co.uk * Calls cost 75p/min from a BT landline & last approx 1 min per quote. Not all stocks are available BTs snub sends Phorm crashing l SHARES in controversial online snooper Phorm crashed 26% today on news it has been dumped by BT, the broadband giant that would have transformed the targeted advertising group. It comes days after loss-making Phorm raised 15 million in the City. It had hoped to get BT to sign to its Webwise system but after trials BT declined. The shares fell 125p to 350p. easyjet finding the going tough l THE recession in the air is continuing into the summer holiday season. Budget airline easyJet, which not long ago was expanding at more than 10% a year, today said it carried 4.1 million passengers last month, an increase of less than 1% over June 2008. It said on an annualised basis it has carried 44.5 million passengers, 7.9% more than in the previous 12 months. firm targets London flats l UnSold new apartment blocks in london could be snapped up by a new residential investment company coming to the AIM junior stock market this summer. london Residential opportunities wants to raise 50 million mainly from institutional investors and spend just over twice that buying about 330 flats and homes on some 15 developments. ex M&S boss backs rose l FoRMER Marks & Spencer boss Sir Richard Greenbury today backed current executive chairman Sir Stuart Rose ahead Wednesdays shareholder meeting. Greenbury, M&S chief executive from 1988 to 1999, claimed there is a vendetta against Rose and said he could not identify anyone big enough to take over when he steps down. 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