Russian oligarch warns London of complacency April 22, 2012 IT is an unusual perspective, albeit one that Oleg Deripaska clearly passionately believes in. A major philanthropist himself, the Russian tycoon, speaking exclusively to City A.M., describes oligarchs as the drivers of progress in Russia through their hefty donations to education, culture and public health. To UK ears, this is a fresh and fascinating take: [...]
Shutdown of City protest sparks arrests January 30, 2012 ANGRY scenes erupted yesterday as bailiffs evicted protesters from two City bank offices. A 45-year-old man was arrested on suspicion of criminal damage and another man was held and later released. Activists, including some from Occupy London, were removed in the early hours from the so-called Earl Street Community Centre, which is believed to be [...]
Clients hope for the return of $1.2bn MF Global assets January 29, 2012 CLIENTS of the British arm of failed broker MF Global will this week move closer to getting back $1.2bn (£763m) of frozen assets. KPMG will outline plans to return the funds at the High Court on Friday after some clients and creditors publicly declared their unhappiness with the amount of time the process has taken. [...]
German banker jailed for over eight years in F1 bribery case June 27, 2012 A JUDGE jailed a German banker for more than eight years yesterday for taking $44m (£28.2m) in bribes during the sale of Formula One in a case that centred on a payment from Bernie Ecclestone, the motor sport’s commercial chief. Presiding judge Peter Noll convicted BayernLB’s former chief risk officer Gerhard Gribkowsky of tax evasion, [...]
PROPERTY GROUP OF THE YEAR July 31, 2012 IT HAS been another testing year for most industries, not least for the property sector. The main theme has been the continued lack of available debt, which has dried up development projects, while ongoing uncertainty in the global economy has shaken confidence and in turn stifled demand for space. But it has not all been [...]
I only spotted Terry rant on web, says Ferdinand July 9, 2012 QPR footballer Anton Ferdinand only realised former England captain John Terry had aimed racial abuse at him during a match when he was shown a YouTube clip of it by his girlfriend hours later, a court heard yesterday. Ferdinand had until then not seen or heard Chelsea skipper Terry call him a “f****** black c***”, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 1, 2012 FINANCIAL TIMES STAFF AT JOHN LEWIS BRACED FOR BONUS CUT The John Lewis Partnership is next week expected to announce the first cut in its staff bonus for three years as high street turmoil takes its toll on the employee-owned retailer. Analysts who track the group’s weekly sales figures forecast a pay-out of 12-14 per [...]
WHY ARE LLOYDS DIRECTORS LOSING PART OF THEIR BONUSES? February 20, 2012 Q. WHAT HAS LLOYDS’ REMUNERATION COMMITTEE DECIDED? A. In response to pressure from the FSA, Lloyds has decided to “claw back” a chunk of the bonuses it awarded to some senior executives to reflect the huge £3.2bn loss the bank has suffered as a result of mis-selling payment protection insurance (PPI) to thousands of consumers. [...]
What the other papers say this morning August 22, 2012 FINANCIAL TIMES Firms to disclose government fees Oil and mining groups with US listings will have to disclose payments to foreign governments afte US regulators rejected most of the industry’s efforts to water down new rules intended to combat corruption. It will affect firms such as ExxonMobil, BP and Rio Tinto and oblige manufacturers such as [...]
CITY MOVES | WHO’S SWITCHING JOBS February 20, 2012 Rowanmoor Pensions Rowanmoor Pensions, the independent small self-administered scheme provider and self-invested personal pensions operator, has appointed Martin Stead as a regulated consultant in its consultancy team. Stead joins from AXA Wealth, where he was a financial planning manager in the company’s Bancassurance division. Prior to AXA Wealth, Stead was a corporate relationship manager at [...]