ECONOMISTS’ VIEWS: IS INFLATION HERE TO STAY? February 13, 2011 JAMIE DANNHAUSER | LOMBARD STREET RESEARCH “We broadly sympathise with the view of the Bank – that inflation will peak this month or in March, but fall heavily in January next year and be below target through next year.” IAN STEWART | DELOITTE “My assumption is that a good deal of the excess inflation relates [...]
Business has won already March 8, 2011 That much of the debate over the Olympics has focused on what happens to its venues after 2012 speaks volumes for the efficiency with which the games have so far been organised. Instead of the endless speculation of whether venue X or Y will be ready on time that is normal territory in the months [...]
CITY MOVES | WHO’S SWITCHING JOBS February 6, 2011 Pinsent Masons The law firm has appointed Barry Vitou (pictured) to its dispute resolution team. He joins the firm from the London office of US firm Winston & Strawn, where he headed its regulatory and tech practice. He will be working with Danvers Baillieu, a senior associate advising on online and tech business issues. Vitou [...]
ALL CHANGE AT LLOYD’S AS IT RINGS 25 YEARS May 26, 2011 IT MAY seem like only yesterday for many City veterans, but today marks 25 years since the first managing agents moved into the landmark Lloyd’s building on Lime Street. So happy anniversary to the insurance giant, which still shows traces of more than 300 years of Lloyd’s history, such as the famous Lutine Bell, which [...]
New mortgage loans set to dip January 30, 2011 MORTGAGE approvals could have fallen to their lowest level in around two years, according to City economists awaiting the Bank of England’s latest data on bank lending, released tomorrow. Yet the Bank’s figures for December may signal a steady rise in lending to businesses, some analysts said. “We think mortgage approvals slipped to 42,000 in [...]
Three bidders left in race for Olympic site April 6, 2011 THE OLYMPIC Delivery Authority (ODA) has narrowed its search for the future owner of the Olympic Village to three candidates, it announced yesterday, as the Games organisers prepare to launch a massive advertising campaign to drum up ticket applications. Hong Kong conglomerate Hutchison Whampoa has been shortlisted, alongside medical charity Wellcome Trust and a consortium [...]
Three bidders left in race for Olympic site April 6, 2011 THE OLYMPIC Delivery Authority (ODA) has narrowed its search for the future owner of the Olympic Village to three candidates, it announced yesterday, as the Games organisers prepare to launch a massive advertising campaign to drum up ticket applications. Hong Kong conglomerate Hutchison Whampoa has been shortlisted, alongside medical charity Wellcome Trust and a consortium [...]
Fears grow of dip: Deloitte July 4, 2010 CONFIDENCE among City finance chiefs began to wane again over the second quarter of the year as market volatility, global fiscal tightening measures and the sovereign debt crisis weighed heavily on sentiment. Chief financial officers now predict around a 38 per cent chance of a “double dip” recession on average, a significant jump on the [...]
CITY MOVES | WHO’S SWITCHING JOBS February 1, 2011 Financial Risk Management Anthony Simpson (pictured) has joined the hedge fund specialist as co-head of global business development. He will be based in London working in partnership with Akio Shimazu and will also join FRM’s executive committee. Formerly, Simpson has worked in a similar role for Ramius, the alternative investment management business of Cowen Group. [...]
ECONOMISTS’ VIEWS: WILL BANK LENDING INCREASE THIS YEAR? January 30, 2011 JAMIE DANNHAUSER | LOMBARD STREET RESEARCH “We expect the availability of bank lending to improve slowly over the course of 2011. Bank balance sheets, particularly capital levels, are looking much healthier than two years ago.” ALISTAIR MILNE | CASS BUSINESS SCHOOL “Banks need to regain the lost skills of identifying good business lending opportunities. But [...]