It is shocking just how much tax most workers have to pay November 19, 2012 ONCE again, Boris Johnson is making sense on tax. He is right to be calling for a lower tax economy and to oppose increasing the tax on homeowners – while simultaneously demanding the elimination of the loopholes that mean that the current system is riddled with problems, especially when it comes to corporation tax. The [...]
It is shocking just how much tax most workers have to pay November 19, 2012 ONCE again, Boris Johnson is making sense on tax. He is right to be calling for a lower tax economy and to oppose increasing the tax on homeowners – while simultaneously demanding the elimination of the loopholes that mean that the current system is riddled with problems, especially when it comes to corporation tax. The [...]
ING to close its emerging markets equities business October 1, 2012 THERE was further sign of retrenchment in the City’s financial services sector yesterday as ING Bank, which employs around 900 people in London, announced that it is closing its emerging markets equities business. ING, which acquired much of its expertise in eastern Europe when it bought Barings in 1995, is closing all its central eastern [...]
David Montgomery eyes Lepe back into the newspaper world November 8, 2012 It would be no exaggeration to say that the boutique investment banks are hurting due to the dearth of deal activity but in their favour they have increased their market share of deals and every so often they pop up quite spectacularly when one is least expecting them. Hence when BP bought (and then later [...]
Canary Wharf Group gets behind finance entrepreneurs September 30, 2012 FOR too long, the worlds of entrepreneurship and finance have been separate spheres. The choice has always been between working for a behemoth in the corporate jungle, or taking that leap of faith to go it alone in a field of work unrelated to your City career; indulging a personal passion – perhaps opening that [...]
Black cab firm on brink as it seeks bail out October 14, 2012 LONDON black cab maker Manganese Bronze will seek an emergency cash bail out from its Chinese partners this week as it battles to stay alive. The Aim-listed firm was forced to suspend its shares on Friday after recalling 400 of its cabs due a fault with the steering box on its new black cab model. [...]
Join the City Stress Test this May and get your Olympic plans in shape April 15, 2012 THIS Sunday’s Virgin London Marathon will signal the push off the starting block for many of us in the City in the sprint towards the 2012 Olympics. With little over one hundred days to go until the Games begin, many in the City will already find themselves wondering how their businesses are going to cope [...]
Advisers capco’s £149m share placing September 19, 2012 SIMON MACKENZIE SMITH BANK OF AMERICA MERRILL LYNCH CAPCO’S push to improve Covent Garden has long been backed by Bank of America Merrill Lynch (BAML) and UBS. The former has been Capco’s financial adviser since it demerged from Liberty and listed in London and Johannesburg in 2010. BAML also contributes to the Covent Garden estate [...]
London will find it hard to benefit from Chinese currency ambitions September 23, 2012 IT is meant to be the great new market that will transform the City’s prospects. In April, London hosted the launch of the first renminbi (RMB) bond to be issued outside Chinese sovereign territories. George Osborne hailed it a “significant moment”, as he declared his ambition to see London play a key role in the [...]
London will find it hard to benefit from Chinese currency ambitions September 23, 2012 IT is meant to be the great new market that will transform the City’s prospects. In April, London hosted the launch of the first renminbi (RMB) bond to be issued outside Chinese sovereign territories. George Osborne hailed it a “significant moment”, as he declared his ambition to see London play a key role in the [...]