Business bosses to explain why young Londoners can’t get work July 1, 2012 BUSINESS leaders will this week tell an inquiry why they think young Londoners struggle to compete with migrant workers in the jobs market. Bosses including Starbucks UK head Kris Engskov, The Berkeley’s chef patron Marcus Wareing and charity leader Eddie Stride will appear before the inquiry, set up by Mayor of London Boris Johnson. Travelodge [...]
FLYING TRADER TAKES TO THE SKIES April 30, 2012 Greg Secker, the foreign exchange trader and coach, is taking to the skies again to raise money for childrens’ charities. Secker is holding six more Flying Trader days (he’s already had one) with a view to raising around £250,000. Secker flies above London while trading and passing on tips to an audience of traders, with [...]
Roaring success for animal art May 13, 2012 WHOEVER said not to mix business with pleasure needs to take a leaf out of Jamie Polk’s book. Polk left the City behind him when Jupiter Asset Management, his former employer, was taken over by Commerzbank. But that was by no means the end of Polk’s business career. Paralysed from the chest down following an [...]
Reforms set to cut back chaotic audit regulator October 17, 2011 INCOHERENT growth of the Financial Reporting Council (FRC) has created an inefficient shambles, its chief executive told City A.M. yesterday. “Following scandals like Enron and Equitable Life, the FRC’s responsibilities grew from accounting standards originally to cover areas like corporate governance, professional oversight, and actuarial work,” Stephen Heddrill told City A.M. “However, the whole body [...]
Don’t ignore the powerful moral arguments against high taxation May 22, 2012 WE ALL know the moral arguments for taxation: it pays for police, roads, hospitals and other vital services. But there is a moral case against taxation too – and a surprisingly strong one. First, while most of us would happily make some voluntary contribution to essential services, it is only the threat of prison that [...]
Business world wins praise in the honours list June 17, 2012 CARPHONE Warehouse founder Charles Dunstone was the sole business leader awarded a knighthood in the Queen’s birthday honours for 2012, announced over the weekend, in a year that saw industry and economic leaders garner just 12 per cent of accolades, down more than a full percentage point from 2011. However, Sir John Parker, chairman of [...]
Rothschild and Rockefellers in joint venture May 30, 2012 THE ROTHSCHILD and Rockefeller dynasties have announced a tie-up that will see two of the world’s best-known business families join forces in the asset management industry. RIT Capital Partners, which is chaired and part-owned by Lord Jacob Rothschild, is to take a 37 per cent stake in Rockefeller Financial Services, the wealth manager. The multi-million pound [...]
BIRLEY CAPS NUMBERS AT HIS DELAYED £20M CLUB January 17, 2012 THE DEVELOPMENT of 5 Hertford Street is progressing “more or less” on track. That’s more or less as in originally scheduled for last November, before being pushed back to this month and now – final answer – March. “Except that’s Easter,” says a spokesman for Robin Birley, the leisure entrepreneur developing the £20m Shepherd Market [...]
EX-TRADER’S INSIDE JOB ON MORGAN STANLEY February 12, 2012 ART IMITATES life in the new novel On the Floor by former Morgan Stanley bond trader Aifric Campbell. “The real truth about the City – the pressure and the ruthlessness – is best written about by people who have lived it,” says Campbell, who drew on her years as Morgan Stanley’s first female MD on [...]
Leaving a legacy doesn’t just have to be a metaphor November 3, 2011 YOU can give without suffering. That is the heart of the launch of my new Legacy10 campaign. The donor will not feel the pain while they’re alive, even if their children might be a little worse off, but the charities that benefit from our generosity can be exponentially better off. The reality is that we [...]