CITY OUT IN FORCE FOR MARATHON SUNDAY April 25, 2010 TENS of thousands of runners completed the London Marathon yesterday, braving 26 miles of light rain showers to get round the gruelling course. As usual, the business world’s athletic contingent did themselves proud in the race, including Sir Richard Branson, who made it round in just over five hours to celebrate Virgin’s first year sponsoring [...]
The City’s top skiers fight for glory on Italian slopes March 28, 2010 The 2010 City Ski Championships Courmayeur, Vallee d’Aoste, Saturday 20 March 2010 THE competition for the City Ski Championships gets hotter each year, but this year’s championships were dominated by Accenture which came away with all the main prizes. With the strap-line “High Performance. Delivered”, this Accenture certainly did on the Le Greye piste of [...]
Choosing the right lender is crucial in a tough market June 3, 2010 HOUSES are selling like hotcakes thanks to fierce competition among buyers. The latest monthly survey from the Royal Institution of Chartered Surveyors (RICS) showed that houses are shifting quicker than new ones could come on to the market, despite the number of new sellers increasing. Even the dreaded gazumping is back. In such a market, [...]
GOLDMAN EXECUTIVES KEEP IT IN THE FAMILY May 5, 2010 A RIFLE through the proxy statement issued by Goldman Sachs to its shareholders ahead of tomorrow’s general meeting throws the spotlight firmly back on compensation – and it seems the firm’s executives aren’t the only ones being scrutinised. That’s right – not only are investors being asked to give their thoughts on the pay packages [...]
CITY MOVES | WHO’S SWITCHING JOBS April 14, 2010 FSSC The Financial Services Skills Council has appointed Trevor Matthews, the chief executive of Friends Provident, as its new chairman. Matthews joins a number of high-profile City bosses on the FSSC board, including Resolution Group chief executive John Tiner, Standard Life managing director John Gill, KPMG vice chairman Brendan Nelson, and Angela Knight, the chief [...]
Quake in Chile takes toll on Beazley profit April 7, 2010 LLOYD’S of London insurer Beazley yesterday said it expects to pay out as much as $75m (£49m) in claims following February’s earthquake in Chile. Analysts said the losses would reduce the Dublin-based insurer’s pre-tax profit for the year by £10m to £142m, although the group’s exposure to the event was minimal compared to its peers. [...]
CITY MOVES | WHO’S SWITCHING JOBS March 30, 2010 Clifford Chance The law firm has elected Michael Bates and Robert Lee as the new joint practice area leaders for its London finance practice, effective for a four-year period starting tomorrow. Bates, pictured, has been a partner since 2001 and specialises in acquisition and leveraged financings in the infrastructure sector. Lee, a partner since 1997, [...]
City mourns Sir Brian Pitman March 11, 2010 SIR Brian Pitman, one of the most respected bankers of his generation, has died aged 78. Pitman, who was latterly chairman of Virgin Money, led Lloyds Bank for 18 years before retiring almost a decade ago. In his time as chief executive and then chairman of Lloyds, Pitman built the bank from a £1bn business [...]
FTSE 100 hits one-month low as Greek deficit fears weigh April 22, 2010 The London Report FTSE 100 hits one-month low as Greek deficit fears weigh BRITAIN’S top shares fell to a one-month closing low yesterday after news that Greece’s deficit widened more than expected hit investor sentiment, sending commodity and bank stocks into reverse. A downgrade of Greece’s debt rating from Moody’s Investors Service added to investor [...]
BOULTON, CAMPBELL IN BUST UP OF THE YEAR May 10, 2010 IF ANY readers were holed up behind a desk yesterday evening without access to a television, it’s time to indulge yourselves with a quick internet search, pronto. Yesterday’s Sky News coverage of Gordon Brown’s resignation as Prime Minister contained one of the best live TV snippets in years, as the channel’s political editor Adam Boulton [...]