WHAT THE OTHER PAPERS SAY THIS MORNING August 30, 2011 FINANCIAL TIMES DISPUTE ERUPTS OVER CONTROL OF LIBYA’S $65BN SOVEREIGN FUNG A dispute has erupted over control of Libya’s $65bn (£40bn) sovereign wealth fund, as the national transitional council attempts to maintain stability in the nation. Several NTC members have contested the authority of Mahmoud Badi, who is probing corruption at the Libyan Investment Authority. HONG [...]
Concern over Eurozone hits the markets September 12, 2011 JITTERY markets were shaken yesterday over escalating fears of a potential default by the Greek government and subsequent contagion spreading to other Eurozone states. The yield on Greek one-year bonds exploded past the 100 per cent mark, rising nearly a fifth to over 117 per cent. Investors are demanding more than double their money back [...]
Three steps to get cover from summer holiday blues July 6, 2011 1 GET COVERAGE “It is essential that holidaymakers have adequate travel insurance in place before jetting off on their holidays,” says Bob Atkinson of moneysupermarket.com. He adds: “Travel insurance offers holidaymakers the peace of mind that they are covered for lost or stolen possessions, holiday cancellations, personal liability and a range of other costly possibilities.” [...]
Three steps to get cover from summer holiday blues July 6, 2011 1 GET COVERAGE “It is essential that holidaymakers have adequate travel insurance in place before jetting off on their holidays,” says Bob Atkinson of moneysupermarket.com. He adds: “Travel insurance offers holidaymakers the peace of mind that they are covered for lost or stolen possessions, holiday cancellations, personal liability and a range of other costly possibilities.” [...]
What to do when your firm is hit by disaster September 4, 2011 IF you watched in horror as small businesses around London burned a few weeks ago and wondered what you would do if that happened to your company, you aren’t alone. Destruction of your premises is a tragedy, but it doesn’t need to be fatal. At Carter Backer Winter, we’ve dealt with this stuff before. Here’s [...]
Barclays to axe 3,000 jobs as profit falls August 2, 2011 Barclays will cut about 3,000 jobs this year as the industry grapples with tougher regulation and the impact of a spreading sovereign debt crisis on investment banking operations. First half profits at the bank fell by a third after a drop in bond trading activity at its investment bank and a charge to compensate customers [...]
Barclays to axe 3,000 jobs as profit falls August 2, 2011 Barclays will cut about 3,000 jobs this year as the industry grapples with tougher regulation and the impact of a spreading sovereign debt crisis on investment banking operations. First half profits at the bank fell by a third after a drop in bond trading activity at its investment bank and a charge to compensate customers [...]
Size matters when it comes to bailout funds August 21, 2011 EUROPEAN leaders still have their work cut out for them. Even though we now know they’re not (officially) moving towards introducing a Eurobond, this is still the direction many in the market argue makes the most sense. Even if it would once again mean the richer European countries underwriting the debts of the poorer ones. [...]
CITY MOVES | WHO’S SWITCHING JOBS July 4, 2011 Compact GTL The modular gas solution for oil and gas fields has appointed Simon Clark (pictured) as its first chief operating officer. Clark joins Compact GTL after spending the majority of his career at Centrica, where he developed large-scale energy infrastructure projects such as the North Sea oil and gas production business and the offshore [...]
CITY MOVES | WHO’S SWITCHING JOBS July 4, 2011 Compact GTL The modular gas solution for oil and gas fields has appointed Simon Clark (pictured) as its first chief operating officer. Clark joins Compact GTL after spending the majority of his career at Centrica, where he developed large-scale energy infrastructure projects such as the North Sea oil and gas production business and the offshore [...]