The Capitalist: Labour’s boost for wealth advisors and bane for private schools plus friends like Boris’
New RBS exec to get 917k golden hello August 18, 2009 ROYAL Bank of Scotland’s new head of its branch network will receive a £917,000 “golden hello”, it emerged yesterday, throwing fuel on the debate over executive pay at taxpayer-controlled banks. Brian Hartzer joined the bank’s management team this week from Australian bank ANZ, and is required only to remain at RBS for two years to [...]
FTSE SMASHES THROUGH 5,000 September 9, 2009 THE FTSE 100 share index closed above 5,000 yesterday, for the first time in nearly a year, fuelled by the return of mega-mergers and optimism for economic recovery The large-cap index breached the psychologically important level in early afternoon and, despite some wavering, closed up by 1.2 per cent at 5,004.30. This week so far [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 5, 2009 FINANCIAL TIMESUK COURT RELAXES CURB ON SAAD CASHA bitter legal dispute involving prominent Saudi Arabian businesses and families opened in the English courts yesterday, with Maan al Sanea failing to overturn a $9.2bn (£5.8bn) freezing order on his worldwide assets. The High Court eased the order to allow the billionaire $4m spending money a year [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 5, 2009 FINANCIAL TIMESUK COURT RELAXES CURB ON SAAD CASHA bitter legal dispute involving prominent Saudi Arabian businesses and families opened in the English courts yesterday, with Maan al Sanea failing to overturn a $9.2bn (£5.8bn) freezing order on his worldwide assets. The High Court eased the order to allow the billionaire $4m spending money a year [...]
Large caps break 5,000 as travel gets its day in the sun September 9, 2009 THE FTSE 100 ended a week of waiting yesterday to pull itself above the 5,000 level by the close. The benchmark index rose by 1.2 per cent on the back of strong oil and bank stocks, as well as early gains on Wall Street. By the close the index was 56.96 points higher at 5,004.30, [...]
RBS paying pair of bankers 12m a year to jump ship August 12, 2009 ROYAL Bank of Scotland (RBS) is understood to have spent more than £12m hiring two bankers, in a move which comes as City watchdog the Financial Services Authority (FSA) published its new code on banker’s pay yesterday. RBS, which is 70 per cent owned by the taxpayer, has poached Antonio Polverino, a star bond trader [...]
GOODWIN SNAPPED IN NICE July 22, 2009 FRED Goodwin, the disgraced former Royal Bank of Scotland banker, yesterday returned to Nice, in the south of France, after his “goodbye lunch” with Prince Charles at Clarence House. Goodwin came out of hiding to mark his stepping down as chairman of The Prince’s Trust after six years at the helm of the charity. It [...]
GOODWIN SNAPPED IN NICE July 22, 2009 FRED Goodwin, the disgraced former Royal Bank of Scotland banker, yesterday returned to Nice, in the south of France, after his “goodbye lunch” with Prince Charles at Clarence House. Goodwin came out of hiding to mark his stepping down as chairman of The Prince’s Trust after six years at the helm of the charity. It [...]
THE LONDON REPORT September 2, 2009 THE benchmark share index closed flat yesterday as a retreat in financials and miners, triggered by weak US data, was offset by stronger energy stocks, after a “giant” oil find by BP. The FTSE 100 index ended down 2.15 points at 4,817.55, after it fell 1.8 per cent on Tuesday. US private employers cut 298,000 [...]
THE LONDON REPORT September 2, 2009 THE benchmark share index closed flat yesterday as a retreat in financials and miners, triggered by weak US data, was offset by stronger energy stocks, after a “giant” oil find by BP. The FTSE 100 index ended down 2.15 points at 4,817.55, after it fell 1.8 per cent on Tuesday. US private employers cut 298,000 [...]