City workers succumb to football fever June 23, 2010 WITH the Budget out of the way in good time, the City’s thoughts yesterday turned to the beautiful game, and England’s crucial third group clash against Slovenia. As the crucial hour approached, bars and pubs filled to bursting point and the employees of more generous firms gathered in communal areas to watch Capello’s squad clinch [...]
CITY MOVES | WHO’S SWITCHING JOBS July 8, 2010 Jones Lang LaSalle The property-focused financial and professional services firm has appointed James Brown from Grosvenor as its new head of retail research and consultancy for the EMEA region. Brown is currently UK director of research at Grosvenor, where he is responsible for property market forecasting and analysis of demand, supply and values, local market [...]
Revenues at Deloitte drop in the slump October 26, 2009 PROFESSIONAL services group Deloitte Touche Tohmatsu saw its full-year global revenues drop five per cent to $26.1bn (£16bn) yesterday, as accountants worldwide feel the pinch from a dearth in major mergers and acquisitions. Deloitte’s chief executive Jim Quigley said the performance of the group, one of the big four accountancy firms, was satisfactory given the [...]
Revenues at Deloitte drop in the slump October 26, 2009 PROFESSIONAL services group Deloitte Touche Tohmatsu saw its full-year global revenues drop five per cent to $26.1bn (£16bn) yesterday, as accountants worldwide feel the pinch from a dearth in major mergers and acquisitions. Deloitte’s chief executive Jim Quigley said the performance of the group, one of the big four accountancy firms, was satisfactory given the [...]
Corporation tax cut to a new UK low June 22, 2010 CORPORATION tax is to be cut by four per cent to 24 per cent – a rate George Osborne claimed as the lowest of any major Western economy. The chancellor said he wants “a sign to go up, over the British economy, that says: ‘Open for Business.’” The tax for businesses with profits over £1.5m [...]
SMITH JETS OFF ON LAST MINUTE HOLIDAY August 17, 2010 IN THE wake of the crisis, understated chic is still the name of the game for City top dogs – even when they’re kicking back on their summer hols. Who should be spotted by one of The Capitalist’s spies yesterday in Juan Les Pins, France, but Tullett Prebon boss Terry Smith, still pale-faced on the [...]
Life settlement is the ultimate diverse asset June 29, 2010 ONE of the steps to fund management nirvana is ensuring that your portfolio is fully diversified. And after the financial crisis, the life settlements market could be the perfect uncorrelated asset. The market works like so: people – typically who reside in the US – sell their life insurance policies to the secondary market, which [...]
ACTOR KEVIN SPACEY ENJOYS A RETURN TO THE TRADING FLOOR June 23, 2010 ACTOR and Old Vic artistic director Kevin Spacey is becoming quite the dab hand on the trading floor, if reports from our Stateside friends are to be believed. Bankers at Citigroup in New York were astonished last week when Spacey popped into their offices to do a spot of research for his new movie, Margin [...]
City gives lukewarm thumbs up to Osborne’s plan June 22, 2010 CITY stalwarts displayed cautious approval in the wake of the emergency Budget yesterday, as the chancellor’s plans settled some nerves over UK spending. CBI director-general Richard Lambert said the five-year route map for corporation tax “provides much-needed consistency and certainty”, which combined with proposals on foreign profits and intellectual property could reverse the tide on [...]
Climate change funds efficient source of profit June 22, 2010 AS THE western world enters the age of austerity, finding sectors with strong growth potential will be the challenge for investors. Climate change is one area that has astounding prospects. The International Energy Agency (IEA) estimates that between $1 trillion and $2 trillion a year will need to be invested over the medium to long [...]