Google book plan blocked March 22, 2011 GOOGLE’S plan to publish millions of books online was thrown out by a US court yesterday after the judge said its $125m (£76.4m) a year settlement with authors was invalid. Google had offered to pay writers to settle a class action over copyright infringement, but New York judge Denny Chin said the deal “would simply [...]
The new British Airways boss says the business is ready for take-off March 20, 2011 IT is time for a fresh start. That was the message from Keith Williams, the new boss of British Airways, as he gave City A.M. his first ever interview since becoming chief executive of Britain’s 37-year-old flag-carrier. One can forgive Williams for wanting to turn a page: his predecessor Willie Walsh, who has moved upstairs [...]
Philosophers and the fine art of business March 16, 2011 DO BUSINESSES that are trusted make more money? Is it ever morally acceptable to lie? Is a corporation a moral agent? If so, who does that mean is responsible if it does bad things? Not the most obvious questions that you might expect to face on an MBA course, perhaps, but these sorts of quandaries [...]
GET TRADING EDUCATION ON A SHOESTRING March 8, 2011 CONSULTING ANALYST, INTERTRADER I RECEIVED a phone call from a guy who wanted help with his trading. He had spent nearly £15,000 on trading education with a well known educational trading establishment. Yet he was nowhere closer to making trading his chosen career than he was before, despite his sizeable investment in trading education. I [...]
POLO COMES TO THE O2 AS PONIES AND PLAYERS LINE UP TO IMPRESS February 24, 2011 FOR the first time ever, polo ponies took to the floor at the O2 arena last night at the inaugural Gaucho International Polo event. Teams from England, South Africa, Argentina and Scotland (flying the flag for City A.M.) met in North Greenwich last night to bring a touch of the country to urban London, in [...]
BAE Systems says defence cuts are biting February 17, 2011 BAE Systems, which posted a slight rise in profits for 2010, said it expected sales to fall in 2011 as the impact of defense cuts in the UK and US begin to hit home. BAE, Europe’s biggest defense contractor, announced that underlying earnings before interest, tax and amortization (EBITA) for 2010 rose 0.8 per cent [...]
CITY FEAST FOR TROOPS AT SQUARE MILE SALUTE January 16, 2011 CITY A.M. is proud to announce its backing for a City-wide initiative to support a trio of veterans’ charities this week. The campaign, which will raise money for Help for Heroes, the Royal British Legion and ABF THe Soldiers’ Charity, will culminate in a spectacular five-course banquet in Guildhall on 10 February, with 12 world-class chefs [...]
A banker-free dystopia: affordable houses in SW3 and cut-price Astons January 9, 2011 GO on, admit it, I won’t tell anyone. Don’t you think, if you’re being honest with yourself, that London would be a better place if we weren’t the financial capital of the world? Just imagine it. Houses in Chelsea and Hampstead would become affordable to mere mortals – anyone for Cheyne Walk? The Flaming Ferraris, [...]
Cook served up an Ashes feast January 9, 2011 I HAVE to confess I’m more than a little bit jealous – what a fantastic time to be an England cricketer. The Ashes triumph was the greatest series win for as long as I can remember and nobody can ever deny that it was thoroughly deserved. The decisive moment was when England won the toss [...]
Cook served up an Ashes feast January 9, 2011 I HAVE to confess I’m more than a little bit jealous – what a fantastic time to be an England cricketer. The Ashes triumph was the greatest series win for as long as I can remember and nobody can ever deny that it was thoroughly deserved. The decisive moment was when England won the toss [...]