City firms see woes pile up since January May 9, 2010 WHOEVER takes the keys to Number 11 Downing Street will inherit an increasingly troubled financial sector, according to the first monthly City A.M/Begbies Traynor health monitor for the Square Mile. Despite the pick-up in equity markets and bank profits, our figures show the number of City financial firms experiencing severe stress has shot up by [...]
Dalglish ideal man to rebuild troubled Reds June 3, 2010 LIVERPOOL legend Phil Thompson believes Kenny Dalglish is the ideal man to take them forward in the wake of Rafael Benitez’s exit. Dalglish, 59, has not managed a side since leaving Celtic 10 years ago, but ex-assistant boss Thompson insists his former Anfield team-mate is the perfect candidate to lead the club through uncertain times [...]
BP profit up but investors fret over oil spill tragedy April 27, 2010 BP failed yesterday to calm investor fears about the oil spill in the Gulf of Mexico, despite recording mammoth profits. The oil giant’s profits hit $5.6bn (£3.6bn) in the first quarter of 2010, more than double the level of last year, thanks to higher oil and gas prices. The underlying results were well ahead of [...]
BARCAP TRIUMPH IN SQUARE MILE RELAY September 10, 2009 THE City’s many sporting fanatics were out in force last night at the Bloomberg Square Mile Relay, which saw around 100 teams of ten runners competing over a specially-designed mile-long course. Special mention must go to third-placed West LB, second-placed Legal & General, and Barclays Capital, who broke L&G’s two-year winning streak to take this [...]
BARCAP TRIUMPH IN SQUARE MILE RELAY September 10, 2009 THE City’s many sporting fanatics were out in force last night at the Bloomberg Square Mile Relay, which saw around 100 teams of ten runners competing over a specially-designed mile-long course. Special mention must go to third-placed West LB, second-placed Legal & General, and Barclays Capital, who broke L&G’s two-year winning streak to take this [...]
FOCUS ON: BOW, E3 October 21, 2010 PACIFIC COURT, CASPIAN WHARF Price: Three-beds from £404,950. Due for completion in 2012, these apartments are now for sale. They include a concierge service and underground parking. Contact: Berkeley Homes on 0844 800 1152, www. berkeleyhomes.co.uk PARNELL ROAD Price: £575,000 Close to Victoria Park, this three-bed modern house has an open-plan living area and kitchen [...]
OUT OF OFFICE April 13, 2010 HAIR COMES TO THE WEST END Back in the age of flower power and the sexual revolution, James Rado and Gerome Ragni’s counter-culture musical was a defining cultural event. Its recent Broadway revival has been an award-laden smash hit and the production has now come to London with the full, tie-dyed Broadway cast. Until 25 [...]
CITY EYE March 25, 2010 THE City is leading the way this weekend in a drive to make the UK greener, spearheaded by the Royal Horticultural Society – organisers of the Square Mile’s favourite networking event of the year, the Chelsea Flower Show. The Britain in Bloom campaign will see the equivalent of 115 Hyde Parks planted across the country, [...]
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 [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]