CITY VIEWS: WILL EASYJET’S MOVE HELP TO EASE RUNWAY CAPACITY PROBLEMS? June 16, 2011 SEAN SMITH | AXA “No, Southend is too far from London, there isn’t very good rail linking and it is pretty hard to travel to from central London. I don’t think people would want to travel that far.” MICHAEL KING | JR CLARE “Yes, it’s not like it could make it any worse. It would [...]
CITY VIEWS: WILL EASYJET’S MOVE HELP TO EASE RUNWAY CAPACITY PROBLEMS? June 16, 2011 SEAN SMITH | AXA “No, Southend is too far from London, there isn’t very good rail linking and it is pretty hard to travel to from central London. I don’t think people would want to travel that far.” MICHAEL KING | JR CLARE “Yes, it’s not like it could make it any worse. It would [...]
FTSE on back foot as bank stress tests loom July 15, 2011 The FTSE mirrored markets across Europe in early trading as investors awaited the results of bank strss tests with some lenders expected to fail to meet the criteria required. With persistent fears over the Eurozone debt crisis and the threat of a US rating downgrade casting a shadow market sentiment was tepid. European shares overall [...]
Banks reveal hundreds of UK and US job cuts June 29, 2011 THE AXE is set to fall on hundreds of investment banking jobs in London and further afield, with Credit Suisse, Goldman Sachs and Barclays all proposing cuts to their headcounts in recent days. Credit Suisse is planning to cut more than 600 jobs in its investment banks, including upwards of 100 in its London operations, [...]
CITY MOVES | WHO’S SWITCHING JOBS June 9, 2011 Barclays Wealth Calum Brewster has been appointed as a director within Barclays Wealth’s wealth management and private banking business, based in Glasgow. Brewster will join on 21 June from Lloyds Banking Group, where he is head of customer experience and strategy in the life pensions and investment division, responsible for a team of 150 staff. [...]
CITY VIEWS: IS THE GOVERNMENT DOING ENOUGH TO HELP BUSINESSES October 25, 2010 MARTIN MENZIES | LLOYDS OF LONDON “Yes and no, it depends on the situation. They’ve probably not done enough for small business which could do with a bit more money in terms of capital lending. They could probably also do with a reduction in taxation on business accounts to be fair.” PAUL CHADHA | WINE [...]
FTSE steadied by Greek breakthrough July 21, 2011 The FTSE 100 started solidly this morning as it emerged that France and Germany had reached an agreement on a second bailout for Greece. Banks led the way as investors gained confidence in stocks recently buffeted by fears of exposure to the debt crisis which has engulfed the Eurozone. Leaders of the 16-country bloc will [...]
Eurozone uncertainty drags down markets July 12, 2011 The FTSE 100 dived on opening today after a meeting tabled to thrash out issues related to the Eurozone debt crisis failed to bear fruit. London’s drop mirrored steep falls on Wall Street and in Asia as investors remained unconvinced by the 16-country bloc’s strategy for steering through the crisis. Eurozone leaders gathered with the [...]
London defies UK slowdown June 12, 2011 LONDON was the only British region to experience an accelerated growth in May, according to a Lloyds TSB and Markit study released today. A purchasing managers’ index (PMI) for the capital moved up to 54, from 53.7 in April. All figures over 50 indicate growth. The figures largely reflect a slowdown in growth across the [...]
Virgin Money recruits an old hand as chair June 14, 2011 JONATHAN Agnew, the former chairman of Nationwide Building Society, is set to become the new chairman of Virgin Money, as soon as his appointment is approved by the FSA. Agnew (pictured) will take over the leadership of a company that has been without a figurehead for the last year since the death of its chief executive [...]