FTSE bounces on commodity rebound as oil price weakens March 3, 2011 A REBOUND by commodity stocks fuelled strong gains by the UK’s top share index yesterday, as oil prices fell back on hopes for a peace deal in Libya, easing concerns over global demand. The FTSE 100 was up 90.20 points or 1.5 per cent at 6,005.09 at the close, ending above the 6,000 level for [...]
Agius: 50p tax makes it harder to keep talent in London February 15, 2011 THE 50p top tax rate makes it harder to retain talent in London, Barclays chairman Marcus Agius told City A.M. yesterday. He also said the bank’s “regretted losses” – staff that it has lost despite efforts to prevent them leaving – have risen, adding: “Competition for talent is fierce.” UK banks face a particularly difficult struggle to [...]
Stylish and discreet, but the food isn’t perfect yet March 29, 2011 5 Pollen Street 5 Pollen St, W1S 1ND Tel: 020 7629 1555 FOOD SERVICE ATMOSPHERE Cost per person without wine: £45-£50 WITH Jason Atherton’s much-hyped Pollen Street Social to open next month, this miniscule back-alley behind Hanover Square has been getting more attention than one might expect of such a street. And now – pipping [...]
BP in £470m battle with Transocean June 27, 2010 BP AND Transocean, owner of the Deepwater Horizon rig, look set to enter into a legal bloodbath after the oil major has given notice that it will issue a £470m claim against the rig’s insurance policy. The two are set to go head to head over who will cover costs linked to the tragic Gulf [...]
Towergate in £200m injection January 31, 2011 ADVENT International has agreed to invest £200m in insurance intermediary Towergate Partnership. Advent, a global private equity firm, will acquire separate shareholdings in both Towergate and Cullum Capital Ventures as part of the deal. The deal, conditional upon Towergate raising new debt facilities through the bank and bond markets, is expected to be completed in [...]
Lloyd’s of London is the City’s great gem October 27, 2009 IT was Lord Davies, the former boss of Standard Chartered and current trade minister, who put it best. Speaking at a gathering of senior figures at Drapers’ Hall organised by the City of London on Monday night, he pointed out that among all the chaos in financial services, there is one player that has emerged [...]
Lloyd’s of London is the City’s great gem October 27, 2009 IT was Lord Davies, the former boss of Standard Chartered and current trade minister, who put it best. Speaking at a gathering of senior figures at Drapers’ Hall organised by the City of London on Monday night, he pointed out that among all the chaos in financial services, there is one player that has emerged [...]
CITY VIEWS: DOES LONDON NEED MORE AIRPORT CAPACITY? January 18, 2011 PAUL KNIGHT | LLOYDS “No, I would be against any expansion in the City. It’s already congested in the City and it’s not too much hassle to get to Heathrow. The links there are reasonably efficient as it is.” ANDREW MACEWAN | LORIEN “More capacity would be good. I flew down this morning from Edinburgh to [...]
CITY VIEWS: DOES LONDON NEED MORE AIRPORT CAPACITY? January 18, 2011 PAUL KNIGHT | LLOYDS “No, I would be against any expansion in the City. It’s already congested in the City and it’s not too much hassle to get to Heathrow. The links there are reasonably efficient as it is.” ANDREW MACEWAN | LORIEN “More capacity would be good. I flew down this morning from Edinburgh to [...]
Project Merlin has to avoid mistakes of past February 13, 2011 LAST week, George Osborne announced to the House of Commons that the four largest UK banks – HSBC, Barclays, RBS and Lloyds – have finally signed up to what has been dubbed project Merlin. There is no doubt this agreement is good news if it starts to rebuild the banks’ relationship with the government and [...]