Finance hubs make €170bn a year for EU July 26, 2011 EUROPE’S eight biggest financial hubs contributed more than €170bn (£150bn) to their countries’ GDP last year and employed nearly a million people, according to new research. These financial centres – Amsterdam, Dublin, Frankfurt, London, Luxembourg, Madrid, Milan and Paris – play a vital role supporting governments, companies and societies across all 27 EU member states, [...]
UK can’t count on others messing up February 7, 2012 THERE are two ways a country can do well. The first is to introduce domestic policies that boost work, investment and innovation, and trigger an entrepreneurial revolution and job-creation. Regrettably, while the coalition has introduced a few pro-market policies – such as cutting corporation tax and tweaking some regulations – on balance it has made [...]
London gets derivatives centre December 7, 2011 London has been picked as the home of a new interest rate derivatives repository, bringing a key part of a £356 trillion market to the City. The Depository Trust & Clearing Corporation said its global repository will house data from 15 of the world’s largest traders in a bid to improve transparency in the market.
Mitsubishi Estate buys Barings HQ June 8, 2011 Japanese property company Mitsubishi Estate has bought the old Barings headquarters at 6-8 Bishopsgate, paying £95m for the 20-storey tower. The firm has already bought the building next door, 150 Leadenhall Street, with both properties falling within the City of London Corporation’s designated area for tall buildings.
Don’t let IPO row endanger London December 15, 2011 GRAFF Diamonds, one of the most famous jewellers in the world, is based in New Bond Street, Mayfair. Its headline web-page promotes London as a sign of its class. And yet its forthcoming flotation, in which it hopes to raise $1bn, is all going on in Hong Kong. There isn’t even a secondary listing in [...]
Accommodating the greatest show on earth by calling on a global team February 28, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 149 DAYS TO GO Chris Hale explains why it makes sense to be the official hotel services provider to this summer’s Games Q. What was your brand’s primary reason for being involved with the Games? A. There are many compelling reasons why we have chosen to be a [...]
Sir Fred is set to lose his knighthood January 19, 2012 SIR Fred Goodwin looks set to lose his knighthood, after the Prime Minister said the former Royal Bank of Scotland chief executive had been referred to a panel with the power to strip him of the honour. David Cameron said the Honours Forfeiture Committee would look at “what went wrong at RBS” and “who was [...]
RAPID RESPONSES February 2, 2012 Get up, stand up Great article by Gina Miller (Join our campaign to fight fund managers’ high fees and lack of transparency, Wednesday). Financial services, as an industry, has always been overpriced for the value it adds. Transparent performance related charges for investment products is the way to go, especially if they are returnable when [...]
RAPID RESPONSES February 2, 2012 Get up, stand up Great article by Gina Miller (Join our campaign to fight fund managers’ high fees and lack of transparency, Wednesday). Financial services, as an industry, has always been overpriced for the value it adds. Transparent performance related charges for investment products is the way to go, especially if they are returnable when [...]
CITY MOVES | WHO’S SWITCHING JOBS January 22, 2012 Kentz Corporation The FTSE 250 engineering group has announced that Christian Brown (pictured) will replace Hugh O’Donnell as chief executive on 1 February. Brown steps up from the role of group chief operating officer, while O’Donnell, who has led Kentz since 2000, will continue as an exclusive adviser to the group for the next three [...]