Bonuses slashed again as City of London set for collapse to third place in financial league table November 12, 2012 THE UPCOMING bonus season is set to be the worst in over a decade, according to figures out today – with City payouts set to collapse even further in the next five years. London has also now fallen behind New York and is about to be overtaken by Hong Kong in terms of the number [...]
The City gains seven sculptures June 18, 2012 A NUMBER of City of London-based businesses, including Hiscox, Aviva, British Land, IVG UK and Aon, have clubbed together with the City of London Corporation to create Great St Helen’s: Sculpture Space in the heart of the City. Set among London’s iconic architectural landmarks, including the Gherkin and the Lloyd’s building, a free curated exhibition [...]
Autumn statement December 5, 2012 THE BUSINESS CONFEDERATION’S VIEW DIRECTOR GENERAL JOHN CRIDLAND The CBI is the UK’s top business lobbying organisation. It aims to influence government policy on a wide range of business matters. “£5bn on near-term infrastructure, like the tube to Battersea, half a billion a year tax relief for small firms, and £1.5bn extra export support should [...]
City joins in with Jubilee pageant festivities June 5, 2012 THE DUST had barely settled and coffee machines had hardly cooled when City workers flocked back to their desks on Sunday to get a better – and drier – view of the Jubilee river pageant. Insurance firm Aspen were one of such group of revellers, hosting a party for more than 100 staff and family [...]
It is time for the BBC to allow its viewers freedom to choose November 12, 2012 WHAT a mess. The BBC, Britain’s most powerful and influential media company, is in crisis; the resignation of its director general hasn’t been enough to halt the chaos. Radical changes are needed to reform, strengthen and preserve the BBC; if Lord Patten, the chairman of the BBC Trust, doesn’t want to introduce them then he [...]
It is time for the BBC to allow its viewers freedom to choose November 12, 2012 WHAT a mess. The BBC, Britain’s most powerful and influential media company, is in crisis; the resignation of its director general hasn’t been enough to halt the chaos. Radical changes are needed to reform, strengthen and preserve the BBC; if Lord Patten, the chairman of the BBC Trust, doesn’t want to introduce them then he [...]
New banking regulation mustn’t be the medicine that killed the patient June 17, 2012 IN THE four years since the start of the financial crisis, we have walked a tightrope between enough and too much regulation; between the commendable aim of protecting consumers, markets and financial stability on the one hand, and the tendency of politicians, looking to voter concerns and media headlines, to be seen “to do something”. [...]
Fund managers complain that megamergers have little value November 19, 2012 CITY investors take a dim view of the value of megamergers and blame investment bankers for weakening the IPO market with unrealistic valuations, a new survey out today claims. A poll of fund managers from 200 major City investment houses found 72 per cent believed megamergers such as that of Glencore and Xstrata offer little [...]
What the other papers say this morning December 2, 2012 FINANCIAL TIMES UK’s euro trade supremacy under fire The City of London should be deposed as the euro’s main financial centre so the single currency club can “control” most financial business in the Eurozone, France’s central bank governor has said. Christian Noyer of the Banque de France said there was “no rationale” for allowing the [...]
Europe will dominate audit in 2013 January 15, 2013 Involvement with the EU on legislation and regulation is crucial THE Mayans’ reputation as expert astrologers and doomsday forecasters recently took a knock when 21 December 2012 came – and safely went. You could argue that we shouldn’t have paid so much attention to this forecast, given that the Mayans spectacularly failed to predict there [...]