The City’s top headhunter on why firms still need to recruit the best February 6, 2011 PERHAPS not surprisingly, Odgers Berndtson’s boss was in an upbeat mood when City A.M. visited him recently in his large office overlooking Hanover Square in the West End. Last year’s preliminary revenues had just come in: they are an improvement on the year before, always welcome news in the present environment. Richard Boggis-Rolfe, the privately-held [...]
City pays as much tax as all of Scotland April 17, 2011 WORKERS in the Square Mile contributed £11bn to the public purse last year through income tax and national insurance, according to research. In the tax year 2010/2011 the amount of income tax and NI contributions paid by staff working in the City was the equivalent to the tax paid by the entire Scottish workforce (£11bn). [...]
Commodities and banks help FTSE snap its losing streak December 1, 2010 BRITAIN’S leading share index staged its biggest one day really in three months yesterday, clawing back some of the losses made in the past three sessions, with commodities boosted by upbeat Chinese data and banks rallying after being hit by sovereign debt concern. The rally was also boosted by hopes the European Central Bank (ECB) [...]
Commodities and banks help FTSE snap its losing streak December 1, 2010 BRITAIN’S leading share index staged its biggest one day really in three months yesterday, clawing back some of the losses made in the past three sessions, with commodities boosted by upbeat Chinese data and banks rallying after being hit by sovereign debt concern. The rally was also boosted by hopes the European Central Bank (ECB) [...]
Bain Capital leading £1bn race to snap up the Priory October 14, 2010 US PRIVATE equity firm Bain Capital is the front-runner for the near £1bn deal for mental health specialist the Priory Group. Bain has not yet entered exclusive talks with the owners of the Priory, Royal Bank of Scotland (RBS), but is expected to do so within the coming days. The Priory operates more than 50 [...]
Bain Capital leading £1bn race to snap up the Priory October 14, 2010 US PRIVATE equity firm Bain Capital is the front-runner for the near £1bn deal for mental health specialist the Priory Group. Bain has not yet entered exclusive talks with the owners of the Priory, Royal Bank of Scotland (RBS), but is expected to do so within the coming days. The Priory operates more than 50 [...]
Boston Red Sox bid for Liverpool October 5, 2010 Liverpool has received two new takeover bids – one from Asia and the other from the owners of the Boston Red Sox, New England Sports Ventures – but the football club’s American owners Tom Hicks and George Gillett Jr. are trying to block the other board members from pursuing negotiations. Both bidders are understood to [...]
RBS exposed to Irish debt October 3, 2010 Royal Bank of Scotland will be the biggest loser should the Ireland fail to repay its debts, it has emerged. The 84 per cent state-owned bank holds a staggering £3.3bn of Irish sovereign debt – more than any other UK lender – and the figure is set to rise even further. Industry sources defended RBS’ position, [...]
Jittery times ahead for banks with Irish debts November 14, 2010 THE rest of the world might have been watching Korea, but in Europe, murmurs of a renewed sovereign debt crisis have been turning into a cacophony. Thanks to an audacious austerity plan, Ireland was looking like it had avoided the wrath of the bond markets, but last week, the fear was back. For holders of [...]
ABN Amro profit rises on lower charges November 19, 2010 ABN AMRO, the state-owned rump of the former leading Dutch-based international bank, has reported a jump in underlying net profit thanks to higher interest income, lower charges and a gain on its debt buy-back. However, after some 1.4bn euros (£1.2bn) in costs arising from the mandatory sale of part of the Dutch commercial bank, separation, [...]