WHAT THE OTHER PAPERS SAY THIS MORNING May 3, 2010 FINANCIAL TIMES DERIPASKA IN NEW LISTING Oleg Deripaska, the Russian billionaire, is preparing to float a second resource company in Hong Kong just three months after the controversial $2.2bn initial public offering of Rusal, his aluminium group. Strikeforce Mining and Resources aims to raise as much as $200m this month, according to people close to [...]
The man who could be chancellor plans radical changes for the City May 3, 2010 Allister Heath and David Crow pay a visit to Vince Cable ahead of the last week of the election campaign FEW politicians have emerged from the financial crisis with their reputation intact. Vince Cable must be the only one who has actually enhanced his, with his brand of left-wing policies playing perfectly to the shifting [...]
ELECTION2010 April 22, 2010 Tories warn on credit rating David Cameron yesterday warned that a hung parliament would put Britain’s much coveted AAA credit rating at risk and cause a spike in government borrowing costs. And he said that unless one party emerges with a clear majority, interest rates will increase while sterling will come under pressure. His comments [...]
Clegg in row over donations April 21, 2010 NICK Clegg last night denied any wrongdoing after it was revealed that party donations were paid directly into his personal bank account. Three donors paid up to £250 a month into the Liberal Democrat leader’s bank account in 2006, when he was the party’s home affairs spokesman. The arrangement came to an end after he [...]
UK fly ban criticised as an over-reaction April 20, 2010 LAST night’s decision by the authorities to re-open Britain’s airspace was yesterday criticised by the aviation industry and London Mayor Boris Johnson for being “too little, too late.” The six day suspension has left hundreds of thousands stranded and caused severe damage to the economy. British Airways chief executive, Willie Walsh, said he was pleased [...]
City backs plans to cut non-EU migrants April 14, 2010 THE TORIES are right to propose a new annual limit on the number of skilled workers admitted into the UK from outside of the EU, according to our panel of City workers, despite concerns the policy could stop firms from tapping global talent. The City A.M. / PHI Panel has been specially recruited in conjunction [...]
The defender of feminism who is taking on the City April 11, 2010 EVEN before parliament was dissolved last week, there was a strange end-of-an-era feeling hanging over the House of Commons. More than 150 MPs are standing down, many of them discredited by the expenses scandal, while a tired Labour government is limping towards the end of its third term with little in the way of new [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 8, 2010 FINANCIAL TIMES HOLLYWOOD TOP GUNS TAKE SHOT AT REVIVING DEBT-RIDDEN MGM Tony and Sir Ridley Scott have emerged as surprise contenders to steer Metro-Goldwyn-Mayer back to solvency after submitting a restructuring plan to the Hollywood studio’s lenders. The brothers, who between them are responsible for Alien, Top Gun and Gladiator, have expressed interest in running [...]
BAILOUT CHIEFS FACE HOLLYWOOD PARADE April 8, 2010 HERE’S betting that the key players in the downfall and rescue of the US banking system never believed they’d have it so good. After countless sleepless nights and stress-soaked days, it’s probably fair to say that policymakers and bank bosses weren’t looking their best when they emerged, battered and bruised, on the other side of [...]
BG defends chief’s £28m pay bonanza April 5, 2010 BG GROUP has defended its chief executive’s stratospheric pay package ahead of a vote on remuneration by shareholders at its annual general meeting in May. Frank Chapman more than doubled his compensation to £28m in 2009 after exercising a large chunk of share options. Although his basic salary and bonus came to £2.7m, the bulk [...]