No deal on pay transparency January 9, 2011 THE government is unlikely to win concessions on pay transparency for banks but will instead secure a promise to increase lending to small and medium-sized businesses. Despite a campaign by some politicians, who have called for banks to reveal how many employees receive over £1m in pay, divisions among banks make it unlikely that an agreement [...]
No deal on pay transparency January 9, 2011 THE government is unlikely to win concessions on pay transparency for banks but will instead secure a promise to increase lending to small and medium-sized businesses. Despite a campaign by some politicians, who have called for banks to reveal how many employees receive over £1m in pay, divisions among banks make it unlikely that an agreement [...]
Cairn Energy secures two rigs for its drilling campaign off Greenland coast January 4, 2011 OIL and gas firm Cairn Energy said it has secured two rigs for its controversial Greenland drilling campaign yesterday, boosting Arctic exploration hopes and sending its shares higher. Cairn is optimistic it will find substantial oil reserves in largely unexplored Greenland, saying it contracted the rigs to drill up to four wells in the Arctic [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
Currency wars and rate hikes: another year in emerging FX December 21, 2010 CHEAP money and attractive returns have seen investors plough their money into emerging market currencies. Yet hot money inflows have forced currency appreciation despite authorities’ best efforts at capital controls and other methods of weakening their exchange rates. Thanks to highly accommodative monetary policy in the West and efforts to remain competitive among the emerging [...]
Currency wars and rate hikes: another year in emerging FX December 21, 2010 CHEAP money and attractive returns have seen investors plough their money into emerging market currencies. Yet hot money inflows have forced currency appreciation despite authorities’ best efforts at capital controls and other methods of weakening their exchange rates. Thanks to highly accommodative monetary policy in the West and efforts to remain competitive among the emerging [...]
CABLE TO BANKS: I WON’T BE BULLIED December 19, 2010 BUSINESS secretary Vince Cable is on the warpath over bankers’ bonuses, announcing yesterday that he doesn’t care if tougher rules cause an exodus of financial firms from the UK. “We’re not going to be bullied,” he said, in relation to companies’ threats to leave the country due to an inability to recruit top talent. He [...]
CABLE TO BANKS: I WON’T BE BULLIED December 19, 2010 BUSINESS secretary Vince Cable is on the warpath over bankers’ bonuses, announcing yesterday that he doesn’t care if tougher rules cause an exodus of financial firms from the UK. “We’re not going to be bullied,” he said, in relation to companies’ threats to leave the country due to an inability to recruit top talent. He [...]
CITY MOVES | WHO’S SWITCHING JOBS December 13, 2010 Logica Seamus Keating, currently Logica’s chief operations and finance officer, has been announced as the firm’s chief executive for the Benelux countries. He will take up his new job as soon as a successor for his role as CFO has been found, replacing Wilbert Kieboom, who has decided to leave the group. Kieboom will, however, stay [...]