Confidence growing in City: survey January 9, 2011 CONFIDENCE among City firms is growing on the back of strong business volumes and expectations of rising profitability, a survey shows today. The Confederation of British Industry (CBI) and PwC Financial Services survey paints a picture of steady recovery in the City over the past quarter, brightened by a boom in individual investment that has [...]
CITY MOVES | WHO’S SWITCHING JOBS April 5, 2011 APCIMS Ian Cornwall has been appointed as director of regulation at the Association of Private Client Investment Managers and Stockbrokers. Cornwall, who has more than 20 years’ experience as a risk and compliance professional, four of which were spent as head of UK regulation for APCIMS, will work with the government to develop regulation for [...]
Events January 27, 2011 DAVOS: FRIDAY 28 JAN 7.00am: Mahindra Group hosts a panel discussion on “Disruptive Demographics” in the Arabella Sheraton Hotel Seehof. 7.30am: The Confederation of Indian Industry and private equity group KKR host a breakfast in the Central Sporthotel. 7.30am: Standard Chartered breakfast debate on “too much or too little or just right” on regulation at [...]
Events January 27, 2011 DAVOS: FRIDAY 28 JAN 7.00am: Mahindra Group hosts a panel discussion on “Disruptive Demographics” in the Arabella Sheraton Hotel Seehof. 7.30am: The Confederation of Indian Industry and private equity group KKR host a breakfast in the Central Sporthotel. 7.30am: Standard Chartered breakfast debate on “too much or too little or just right” on regulation at [...]
Diary January 30, 2011 LIQUIDITY INFUSIONS Famous for the harsh schedule inflicted upon its toiling delegates, this year’s party merry-go-round at Davos was no exception. Drinks and well-watered dinners kick off from 6pm, with the central Belvedere hotel boasting around a dozen venues for simultaneous drunken revelry. They then proceeded to a collection of “nightcaps” at 10pm, and usually end [...]
EVEN THE GLAMOROUS NEED A GOOD AUDIT TRAIL February 6, 2011 WHAT, one might ask, do the Oscars have in common with the government’s ill-fated Project Merlin – other than a lot of sound and fury? “Big four” accountants might know, because the answer to this missing link puzzle is PricewaterhouseCoopers. As the government’s regular box-tickers, the firm has been recruited to act as a tight-lipped [...]
Corporate tax cut – but not for the banks March 23, 2011 BUSINESSES welcomed George Osborne’s decision to go further and faster in lowering corporation tax in yesterday’s Budget. But banks didn’t get the cut, with the Treasury increasing its bank levy for the second time in as many months in order to offset the gain they would have received from the corporate tax measure. Osborne announced [...]
Lloyds of London to spend £300m on new solvency rules January 26, 2011 Lloyd’s of London expects to spend £300m preparing for the European Union’s new Solvency II capital rules for insurers, the chairman of the insurance market said. “It’s a huge task,” said Peter Levene, Lloyd’s of London chairman told Reuters Insider. “It’s costing Lloyds markets just to get ready for Solvency II £300m. It’s a lot [...]
Lloyds of London to spend £300m on new solvency rules January 26, 2011 Lloyd’s of London expects to spend £300m preparing for the European Union’s new Solvency II capital rules for insurers, the chairman of the insurance market said. “It’s a huge task,” said Peter Levene, Lloyd’s of London chairman told Reuters Insider. “It’s costing Lloyds markets just to get ready for Solvency II £300m. It’s a lot [...]
SKY NEWS BITES THE HAND THAT MAY OR MAY NOT BE FEEDING IT January 24, 2011 SOME puzzling editorial choices have been afoot at Sky News this week. On Sunday, Gordon Brown’s disclosure that he asked the police to look into whether his phone was hacked by the News of the World topped its agenda all day. And yesterday the attack of foot-in-mouth disease that afflicted Sky Sports’ Andy Gray and [...]