CITY OF LONDON CHIEF HITS OUT AT PAY RULES December 12, 2010 CITY of London policy chief Stuart Fraser has slammed new EU laws regulating bonus payments as “political point scoring” that will drive business out of Europe and destroy London’s status as a global financial capital. In his column for City A.M. today, Fraser, the chairman of the policy and resources committee at the City of [...]
Bristol City boss raises £58m on Hargreaves Lansdown share sale October 7, 2010 STEPHEN Lansdown, co-founder of financial advisory firm Hargreaves Lansdown, raised £58m yesterday by selling a 2.86 per cent stake in the company. Lansdown, who sits on the Hargreaves Lansdown board as a non-executive director and founded the firm almost 30 years ago, sold 13.5m shares at 429p, reducing his personal stake to 20.1 per cent, [...]
Ireland will receive tens of billions in loan deal November 18, 2010 IRELAND is likely to take a loan worth tens of billions of euros from the International Monetary Fund and European partners to prop up its banking system, the troubled country’s banking chief said yesterday in the first official confirmation that a bailout is imminent. Central bank governor Patrick Honohan said “we are talking about a [...]
Ireland will receive tens of billions in loan deal November 18, 2010 IRELAND is likely to take a loan worth tens of billions of euros from the International Monetary Fund and European partners to prop up its banking system, the troubled country’s banking chief said yesterday in the first official confirmation that a bailout is imminent. Central bank governor Patrick Honohan said “we are talking about a [...]
The budget hotel chain boss who says that bigger is certainly better January 30, 2011 NO wonder Guy Parsons, Travelodge’s boss, was feeling so chipper about life when we met earlier this month. He had just announced that very same day a £300m investment to build a further 35 hotels this year, which will expand his empire to 495 hotels with 35,841 rooms by next Christmas. Also, the key part [...]
Sainsbury’s credit cards launch boosts finance unit April 6, 2010 J SAINSBURY has today launched two new credit cards in an extension of its personal finance services. The first card, the Sainsbury’s Nectar Credit Card, offers users an APR of 12.9 per cent on purchases and balance transfers, and double Nectar points on their shopping, and in petrol filling stations for two years. Meanwhile the [...]
City bonuses facing round two of taxes October 5, 2010 DOWNING STREET has confirmed the government is considering a second bank levy on pay and profits, after new figures estimated the bonus payout for the City would be around £7bn this year. Any new levy will take the form of a Financial Activities Tax (FAT), which would be imposed on remuneration and profits. David Cameron [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 22, 2010 FINANCIAL TIMES GENEVA SET TO TRUMP LONDON IN OIL TRADING Geneva will leave London behind and become the world’s most important trading hub for physical energy commodities, including oil, as leading companies relocate dozens of traders to Switzerland, according to industry executives. The transfers threaten the UK capital’s leadership in physical crude and oil products [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 22, 2010 FINANCIAL TIMES GENEVA SET TO TRUMP LONDON IN OIL TRADING Geneva will leave London behind and become the world’s most important trading hub for physical energy commodities, including oil, as leading companies relocate dozens of traders to Switzerland, according to industry executives. The transfers threaten the UK capital’s leadership in physical crude and oil products [...]
Sellers brush off pre-election fears April 18, 2010 SELLERS have shaken off pre-election jitters to increase their average asking prices by 2.6 per cent in April, the monthly Rightmove property index will show today. This marks a sharp jump on the meagre 0.1 per cent increase seen in March and takes the average price of a UK home to £235,512. Property prices are [...]