City rents rise by 12 per cent March 29, 2010 CITY office rents have recorded the biggest quarterly increase since 1988, in a sign that the Square Mile property market is clambering back to its feet. Rents shot up by 12 per cent in the first three months of 2010 from £42.50 per square foot to £47.50, according to a survey by NB Real Estate. [...]
Cazenove’s Calvert found guilty of insider trading March 10, 2010 MALCOLM Calvert, a former partner at Cazenove, has been found guilty of five counts of insider trading and faces up to seven years behind bars. The verdict was reached at Southwark Crown Court yesterday and he will be sentenced at 2pm today. Calvert, from the stockbroker belt village of Cobham in Surrey, is the fifth [...]
BUFFETT PULLS OUT ALL THE STOPS BY CAVORTING WITH HOUSEWIVES May 3, 2010 WARREN Buffett has been a well-recognised face over in the States for what seems like forever, but the old man certainly hasn’t lost his star appeal yet. Buffett’s no stranger to popular culture – he’s even made cameo appearances before in US soap opera All My Children (when he came to the rescue of one [...]
CELEBRATING WITH THE CITY’S TOP 30 UNDER 30 March 28, 2010 AWARDS ceremonies, as many in the City will know, are all too often worthy but slightly dull affairs, with tables full of gnarled luminaries guffawing at bad jokes after numerous glasses of lukewarm Sauvignon Blanc. But Friday afternoon’s Square Mile 30 Under 30 London Talent Awards could not have been further from that disheartening stereotype, [...]
Our unique City panel wants Ken Clarke to be chancellor March 10, 2010 FOR months now, people in the City have been telling us that they don’t rate George Osborne. But these findings from the City A.M./PHI Panel offer the first conclusive proof that the Square Mile would prefer someone else to run the economy. According to our panel, that man should be Ken Clarke, who held the [...]
Job interviews are back, so it’s time to work on your technique May 26, 2010 FOLLOWING two years of relative stagnation in the City jobs market, where any movement tended to be of the non-voluntary nature, hiring is back in the Square Mile. The most recent employment report from KPMG shows that hiring is up 29 per cent in the private sector, compared to the previous quarter. Unsurprisingly, the biggest [...]
PERSONAL FINANCE NEWS October 7, 2010 CONSUMERS PAYING OFF CARDS FASTER Data from the British Bankers’ Association shows that the number of credit card purchases has been on the rise over the last year. While there were 158m purchases on cards in August 2009, July 2010 saw 169m and in August this year consumers upped the number of purchases to 173m. [...]
Big Brother in the Square Mile raises legal issues August 11, 2009 THERE is nothing so British as fear of Big Brother. And perhaps, not without reason – the UK has 20 per cent of the world’s CCTV cameras. But the latest fear is being spied on at work. City firms have begun to import state-of-the-art tactics to keep a close eye on employees, and it is [...]
Big Brother in the Square Mile raises legal issues August 11, 2009 THERE is nothing so British as fear of Big Brother. And perhaps, not without reason – the UK has 20 per cent of the world’s CCTV cameras. But the latest fear is being spied on at work. City firms have begun to import state-of-the-art tactics to keep a close eye on employees, and it is [...]
Classic is best for Caribbean satisfaction October 14, 2010 CARIBBEAN hotspots come and go but Barbados is a sunny stalwart – a developed, cultured playground for the rich and famous (Simon Cowell, Cliff Richard and Andrew Flintoff all have properties here), as well as for more humble folk. Yet despite its stability as a British favourite for homes and holidays in the sun (80 [...]