M&B restarts the hunt for new Blood October 16, 2011 JEREMY Blood is planning to step down from the helm of Mitchells & Butlers following the aborted £940m takeover by billionaire Joe Lewis, it is understood. Blood was appointed as interim chief executive in March to replace Adam Fowle, who left “by mutual consent” after two years in the post. City A.M. understands the former [...]
Who’s bad? Tyson answers your questions April 19, 2012 IF you find the world of finance a little dog-eat-dog, who better to get some advice from than the one-time Baddest Man on the Planet, Mike Tyson? Iron Mike, the former undisputed world heavyweight champion turned Hollywood actor, will share his singular wisdom at the May Fair Hotel tomorrow night – and City A.M. has [...]
Banks urge EU to avoid a copy of Volcker rule May 14, 2012 BANKS are urging the EU to avoid imposing its own version of the US’s new Volcker rule despite claims from some quarters that it would have prevented JP Morgan’s recent $2bn trading loss. In a confidential lobbying paper seen by City A.M., Europe’s banks argue that an EU version of Volcker would be “detrimental” to [...]
Banks urge EU to avoid a copy of Volcker rule May 14, 2012 BANKS are urging the EU to avoid imposing its own version of the US’s new Volcker rule despite claims from some quarters that it would have prevented JP Morgan’s recent $2bn trading loss. In a confidential lobbying paper seen by City A.M., Europe’s banks argue that an EU version of Volcker would be “detrimental” to [...]
Cobham wins £24m contract to provide gadgets for US military April 30, 2012 BRITISH defence contractor Cobham said yesterday it had sealed a $39m (£24m) contract to supply antennae to the US military. The US Navy and Marine Corps will use the high tech communications equipment in their EA-6B and EA-18G aircraft. A total of 90 devices have been ordered under the contract. The deal win reflects the [...]
Cobham wins £24m contract to provide gadgets for US military April 30, 2012 BRITISH defence contractor Cobham said yesterday it had sealed a $39m (£24m) contract to supply antennae to the US military. The US Navy and Marine Corps will use the high tech communications equipment in their EA-6B and EA-18G aircraft. A total of 90 devices have been ordered under the contract. The deal win reflects the [...]
Polish promise hints at happy start for hosts June 7, 2012 NO host nation has won the European Championship since France in 1984, and while Poland are 50/1 shots to scratch that 28-year itch, they do look set for an extended involvement in their own backyard. They will be more encouraged by the fact that of the 15 countries to have held the previous 13 tournaments [...]
Hunt for treasure you enjoy – at least you’ll get emotional returns June 10, 2012 TO MANY, a report on “treasure” might not sound intrinsically financial, conjuring images of pirates, shipwrecks and chests stuffed with gold doubloons. However, owning items that are financially valuable, emotionally pleasing and culturally significant is a timeless tradition that shows no sign of abating. Treasure assets – items such as precious jewellery, fine art, wine, [...]
A so-called mansion tax will not achieve fairness and the revenue gain will be modest March 6, 2012 LIBERAL Democrats are pushing for a mansion tax, in the form of an annual levy on houses worth over £2m. They claim this would raise significant funds for the Treasury, would “target” the super-rich and would be more economically efficient than taxing people’s incomes. It’s depressing that some consider it the function of the tax [...]
Cameron hauled back to defend Jeremy Hunt over BSkyB probe April 30, 2012 DAVID Cameron was forced to return to parliament yesterday to defend his culture secretary Jeremy Hunt and his handling of News Corp’s bid for the rest of BSkyB. Cameron pulled out of a local election campaign trip to Buckinghamshire so he could field an urgent question from the Labour party on Hunt, who has already [...]