Be amazed by Africa’s stunning wilderness January 8, 2012 WE set off from London hotly anticipating both the serenity of the Mozambican beach and the rugged landscape and heart-pounding thrill of hunting (seeking not shooting) big game in the Tanzanian bush. It’s a trip that perfectly encapsulates the word “safari” – “long journey” in Swahili – for it takes in seven flights, five boat [...]
Ex-Dixons boss lands £36m for joining Apple May 27, 2012 JOHN BROWETT, the former boss of Dixons, is to receive a $56m (£36m) golden hello from Apple for taking charge of the tech giant’s network of stores around the world. Browett, who has been at the helm of the struggling British electronics group since 2007, moved to California last month after he was poached by [...]
MEET THE JUDGES September 21, 2011 ALLISTER HEATH | CITY A.M. Allister joined City A.M. as editor in early 2008. He chaired our panel of judges. SIR MARTIN SORRELL WPP Sir Martin is the co-founder and chief executive of WPP, the world’s largest communications company. SIMON MACKENZIE-SMITH BANK OF AMERICA MERRILL LYNCH Simon is chairman of UK & Ireland corporate and [...]
For how long can JLR commit? September 18, 2011 JAGUAR Land Rover’s commitment to the Midlands has appeared wavering at best recently – something the carmaker hopes to improve by spending up to £400m on a new engine plant, aided by government investment via its enterprise zone scheme. JLR’s parent company Tata has a complicated relationship with UK industry – as ongoing job cuts [...]
Time to say the unsayable – European unification needs to restart without the euro December 13, 2011 DAVID Cameron’s veto last week expresses again the British elites’ long running ambivalence to the European project. Though probably not his intention, his oppositional stance also represented something perhaps more novel: a tiny dent to the dominant assumption that nothing is more important today than “saving the euro”. A parallel point to ponder is that [...]
Controversial UBS property gets go-ahead April 19, 2011 THE CITY of London awarded planning permission for UBS’s new UK headquarters at 5 Broadgate yesterday, though campaigners lobbying to give the existing block listed status could yet get the decision overturned. The new 700,000 square foot office block would be built by British Land and Blackstone, which own and manage the Broadgate estate near [...]
Rebuilding UK infrastructure as an engine for growth is a task for private companies November 30, 2011 IN TUESDAY’S Autumn Statement, the chancellor committed an additional £25bn in public spending on infrastructure over the next three years. The importance of this promise isn’t in the Keynesian speed of the payback in employment (in fact modern road and rail infrastructure has long lead-in times), but in the significant benefits of great infrastructure in [...]
Land Securities and miners lead the FTSE index to gains May 18, 2011 STRONG energy stocks and miners drove Britain’s top shares higher yesterday as investors welcomed results from Land Securities. The FTSE 100 index ended up 62.49 points, or 1.1 per cent, at 5,923.49. Other London indices followed suit, with the FTSE 250 closing up 51.55 points, or 0.4 per cent at 11,887.54 and the FTSE AIM [...]
Land Securities and miners lead the FTSE index to gains May 18, 2011 STRONG energy stocks and miners drove Britain’s top shares higher yesterday as investors welcomed results from Land Securities. The FTSE 100 index ended up 62.49 points, or 1.1 per cent, at 5,923.49. Other London indices followed suit, with the FTSE 250 closing up 51.55 points, or 0.4 per cent at 11,887.54 and the FTSE AIM [...]
ALTERNATIVE MANAGER OF THE YEAR | The Shortlist day 5 June 23, 2011 Alternative fund managers represent one of the fastest-growing and most in demand areas of investment management. Demand for hedge funds from institutional investors is climbing rapidly thanks to their above inflation returns and low correlation to stock and bond markets. The global industry is now worth more than £1.2 trillion and looks set to shape [...]