Changing face of internet as list of .brand sites revealed June 13, 2012 THE INTERNET’S biggest shake up is one step closer after the list of submissions for new domain names was yesterday unveiled. ICANN (Internet Corporation for Assigned Names and Numbers) revealed the 1,930 website domains applied for – including .blog, .youtube and .bbc – which will hit the world wide web from early 2013 alongside the usual [...]
CITY MOVES | WHO’S SWITCHING JOBS July 30, 2012 Canary Wharf Group Eric Van Der Kleij has been appointed as a specialist adviser to the property group. As current chief executive of the Tech City Investment Organisation, he will advise on linking Canary Wharf with opportunities in digital technology. Janus Capital Matthew Nagele has been appointed as head of UK for the investment firm’s [...]
It’s a good time for the City’s taxes to pour in December 18, 2011 AT A time when the City’s value is being questioned, both in the UK and in Europe, it is more important than ever that we highlight the huge contribution it continues to make – even in this extremely challenging economic environment. It was timely therefore that last week a new City of London Corporation report [...]
Protesters in court appeals December 18, 2011 THE CITY of London Corporation will press ahead with a High Court bid to remove protesters from outside St Paul’s today despite suggestions last night that Occupy LSX had offered to move on. City A.M. understands the corporation wants a judge to decide the fate of the Occupy camp, which was set up more than [...]
Virgin hints at casino banking with an arcade July 18, 2012 BRITAIN is on course for the wettest July ever, keeping miserable workers trapped in the office at lunchtime with nothing to do but eat sandwiches at their desks and worry about how the Olympics might affect travel arrangements. But Virgin Money has taken radical action in an effort to raise morale, installing a games arcade [...]
RISING STAR OF THE YEAR July 30, 2012 TODAY’S shorlists for City A.M.’s third annual awards present our pick of the best rising stars and fund managers in the Square Mile. Even in economically straitened times, there are plenty of young men and women in the City on the rise, as shown in the Rising Star category. From entrepreneurs and private equity experts [...]
The Batman of business: Private equity has the guts to do the dirty work July 19, 2012 BATMAN and Barack Obama are conspiring to put private equity under a Bat Signal-shaped spotlight this week. The unlikely duo have come together thanks to the similarity between Bane – the name of the villain in The Dark Knight Rises (see our review on page 35) – and the Obama re-election campaign’s attack against Republican [...]
KPMG cuts own staff after warning bankers of job losses August 23, 2012 Professional services group KPMG warned just yesterday that bankers faced more job losses and pay cuts unless the economy improved. A day later and the firm was back in touch, announcing that there are going to be cuts in its own UK headcount of around 11,300 people. Yesterday the firm said it was carrying out [...]
In comes tax December 15, 2011 City institutions and their employees paid a whopping £63bn in tax to the Treasury this year, more than any other industry in the UK, new figures published today show. City firms paid almost £10bn more tax this year than in 2010, despite the stretched trading conditions – contributing more than 12 per cent of the [...]
CITY MOVES | WHO’S SWITCHING JOBS July 12, 2012 Ignis Asset Management Jeremy Soutter has been appointed global head of product development at the asset management firm. He will join on 1 August from Aviva Investors, where he has held a similar position for 13 years. Soutter has worked in asset management since the early 1980s, notably at Gartmore Fund Management, Lloyds Bank and [...]