Lord Mayor’s daughter goes to great lengths to help appeal June 13, 2012 THERE are still a few free spaces to join 120 adventurous souls who are planning to abseil from the 289ft high Lloyd’s building next Tuesday. It’s all in aid of a good cause. David Wootton, the Lord Mayor, is appealing to a few more Londoners to join the group to support the Trauma Unit at [...]
Diamond to face MPs after Libor scandal June 27, 2012 BARCLAYS chief executive Bob Diamond is set to be hauled before parliament after the bank was fined £290m for its part in a global conspiracy to fix the rate at which banks lend to each other. Diamond will face questions from the Treasury Select Committee after regulators in Britain and the US slapped record punishments [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS May 20, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 10 May to Wednesday 17 May. ArcelorMittal’s £19.6m Orbit sculpture, opened on 11 May, has [...]
SJ Berwin and Mayer Brown in merger talks May 22, 2012 ONE of the UK’s top law firms is in preliminary talks with a US peer over a tie-up that would create a £900m business, it emerged yesterday. According to The Lawyer, City firm SJ Berwin has held exploratory merger talks with Mayer Brown – a Chicago-based firm that has a significant London presence. The news comes just a [...]
Reclaim the City from Robin Hood tax risks November 6, 2011 MUCH has been written in recent weeks about the protest camp outside St Paul’s and about the City of London Corporation’s attitude to it. I would like to take this opportunity to bring a degree of clarity to the situation. The City fully supports the democratic right to protest and at no point have we [...]
Regulatory hurdles are the next challenge in HKEx bid for LME June 17, 2012 HAVING secured a recommendation from the board of the London Metal Exchange (LME) for its £1.4bn takeover last Friday, Hong Kong Exchanges & Clearing (HKEx) will now be shifting its focus to winning approval for the deal from regulators. Though the deal is subject to shareholder approval – with a vote for major investors including [...]
Business world wins praise in the honours list June 17, 2012 CARPHONE Warehouse founder Charles Dunstone was the sole business leader awarded a knighthood in the Queen’s birthday honours for 2012, announced over the weekend, in a year that saw industry and economic leaders garner just 12 per cent of accolades, down more than a full percentage point from 2011. However, Sir John Parker, chairman of [...]
St Paul’s suspends legal action against protesters November 1, 2011 St Paul’s Cathedral is suspending its legal action against a protest camp outside the church. A cathedral spokesman said it intended to “engage directly and constructively” with the protesters “without the threat of forcible eviction”. The City of London Corporation has said it plans to issue eviction letters to the protesters. Occupy London Stock Exchange [...]
WHO’S SWITCHING JOBS June 20, 2012 Sciens Tim Wilkinson has been appointed president of Sciens Fund of Funds Management Holdings, part of the Sciens Capital Management Group. Prior to joining the firm he was managing director at Russell Investments, and spent 15 years with Citigroup, latterly as global head of transition management. Wilkinson started his career at SG Warburg Securities. Banque [...]
Avanti: Profitting from a giant leap in data use September 2, 2012 ON THE wall in the meeting room of Avanti’s London offices – just off Shoreditch high street – hangs a piece of A4 paper in a simple frame. There, in plain text, Avanti’s mission is set out: “To be the world leader in Ka band satcoms, make lots of money and have some fun.” Avanti [...]