Greenpeace launches a London protest as closes almost 50 petrol stations July 27, 2010 GREENPEACE launched an attack on BP yesterday after shutting down 46 out of the group’s 50 petrol stations in central London. The environmental group said that it had sent more than 50 activists to shut off the power at petrol stations through out the capital in the early hours of yesterday morning to coincide with [...]
GE looks to move in on UK bank sector August 15, 2010 US CONGLOMERATE General Electric (GE) is planning to launch an internet bank in the UK. The financial arm of the firm, GE Capital, has already set up an internet bank in Germany, titled GE Direkt, and is hoping to join the ranks of the newcomers on the UK banking scene within 18 months. US-backed Metro [...]
GE looks to move in on UK bank sector August 15, 2010 US CONGLOMERATE General Electric (GE) is planning to launch an internet bank in the UK. The financial arm of the firm, GE Capital, has already set up an internet bank in Germany, titled GE Direkt, and is hoping to join the ranks of the newcomers on the UK banking scene within 18 months. US-backed Metro [...]
INSURANCE COMPANY OF THE YEAR September 7, 2010 THE management of risk has always been at the heart of the City’s business, and in these turbulent times it has never been more important. The five firms on our shortlist work across the whole sector, from shipping and the oil industry to motor insurance. All of them have innovated and continue to flourish. Don’t miss [...]
CITY VIEWS: DID TONY HAYWARD MAKE THE RIGHT MOVE? July 27, 2010 CHRIS HOPKINS | LLOYD’S OF LONDON “From a PR perspective, it was a smart move, especially putting an American at the top of running the show. Tony Hayward made one too many gaffes and shot himself in the foot. As a company you always want your head to be more of a political figure.” RAFIQUE [...]
Insurers post stormy first half results August 23, 2010 SIGNIFICANT catastrophes during the first half of the financial year, including the Chilean earthquake and the BP Gulf of Mexico oil spill, have sent profits on a downward spiral at insurers Hiscox and Amlin. Bermuda-based Hiscox saw first half year pre-tax profits slide to £97.2m from £141.4m after the insurer took a £100m hit from [...]
EARNINGS SEASON | CALENDAR August 1, 2010 Monday 2 August Xchanging – UK Thomas Cook – UK Hammerson – UK Tullett Prebon – UK HSBC – UK Intertek – UK Mouchel – UK Qinetiq – UK Berkshire Hathaway – US Warner Music Group – US Linde – Germany BNP Paribas – France Air Liquide – France Tuesday 3 August ITV – UK [...]
EARNINGS SEASON | CALENDAR August 1, 2010 Monday 2 August Xchanging – UK Thomas Cook – UK Hammerson – UK Tullett Prebon – UK HSBC – UK Intertek – UK Mouchel – UK Qinetiq – UK Berkshire Hathaway – US Warner Music Group – US Linde – Germany BNP Paribas – France Air Liquide – France Tuesday 3 August ITV – UK [...]
BoA veteran Jim O’Neil set for UKFI role July 19, 2010 UKFI, the body set up to manage the taxpayer’s stakes in the banks, has welcomed Bank of America Merrill Lynch veteran Jim O’Neil as the latest in a long line of senior executives to parade through its revolving door. O’Neil, who last year advised Lloyds Banking Group on its £22.5bn recapitalisation, will be doing the [...]
The housebuilder who is ready to take the long road back to recovery October 31, 2010 DESPITE the generally depressed state of the housebuilding and residential property market, Taylor Wimpey’s chief executive Peter Redfern says he is pretty pleased with business. But sitting in the boardroom of his London office, his mood appears more reflective than upbeat. “Prices are very stable at the moment,” says Redfern. “Stable is good for us. [...]