BA workers to vote on Xmas strike action November 2, 2009 BRITISH AIRWAYS (BA), the ailing flag-carrier, was dealt another blow yesterday after the Unite union said results of a ballot on strike action would be announced mid-December. The decision to kick off the vote next week came after thousands of cabin crew met at Sandown racecourse yesterday to thrash out a response to BA’s cost-cutting [...]
Metro Bank nears approval March 2, 2010 Metro Bank, the start-up high street lender backed by US entrepreneur Vernon Hill, is set to be granted a banking licence by the Financial Services Authority (FSA) within days, City A.M. understands. The City regulator is currently at the last stage of the approval process, where the licence is granted subject to final proof of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 15, 2009 FINANCIAL TIMES MYNERS TO BOOST PROTECTION OF BANK CLIENTS PLANS to increase protection for clients and counterparties of failing investment banks will be unveiled by the Treasury today in an effort to prevent a repeat of the legal wrangling around the collapsed Lehman Brothers. The move is aimed at ensuring an orderly wind-down of investment [...]
Office affairs are rarely wise June 2, 2010 IN OFFICE HOURS BY LUCY KELLAWAY Fig Tree, £12.99 **** by Zoe Strimpel STELLA, Bella, Rhys and James are four employees at fictional City-based oil giant Atlantic Energy. Stella is an executive in her mid-forties with two kids and a stable – if slightly unexciting – marriage. Bella is a PA, with an alcoholic ex-boyfriend [...]
Office affairs are rarely wise June 2, 2010 IN OFFICE HOURS BY LUCY KELLAWAY Fig Tree, £12.99 **** by Zoe Strimpel STELLA, Bella, Rhys and James are four employees at fictional City-based oil giant Atlantic Energy. Stella is an executive in her mid-forties with two kids and a stable – if slightly unexciting – marriage. Bella is a PA, with an alcoholic ex-boyfriend [...]
Four Rio Tinto iron ore staff jailed in China March 29, 2010 RIO Tinto was scrambling to rebuild its relationship with China yesterday after four employees were convicted of stealing commercial secrets and taking bribes by a Shanghai court. Stern Hu, the mining giant’s former head of iron ore sales in China, and three colleagues were sentenced to between seven and 14 years in jail. All four [...]
How to handle office World Cup fever June 9, 2010 WORKING out how to deal with the World Cup is tricky. A recent poll by YouGov found that 23 per cent of workers said they would take the day off to watch England play in the World Cup, while almost half said that being allowed to watch games in the office would boost morale. But [...]
SocGen rogue trader Kerviel to get his day of reckoning in court October 3, 2010 A PARIS judge will tomorrow decide whether former trader Jerome Kerviel should be punished for his freewheeling market bets that brought French bank Societe Generale to the brink of collapse in 2008. The 33-year-old ex-trader, who now works for a technology consultancy, risks five years in prison and a €375,000 (£323,000) fine if found guilty [...]
SocGen rogue trader Kerviel to get his day of reckoning in court October 3, 2010 A PARIS judge will tomorrow decide whether former trader Jerome Kerviel should be punished for his freewheeling market bets that brought French bank Societe Generale to the brink of collapse in 2008. The 33-year-old ex-trader, who now works for a technology consultancy, risks five years in prison and a €375,000 (£323,000) fine if found guilty [...]
The sun is shining on property in the Med March 11, 2010 THIS year’s freezing winter may well have proved a tipping point in your decision to invest in a sunny property abroad – and it couldn’t have arrived at a better time. Possibly by the time the time London’s largest overseas property fair, A Place in the Sun (held at Earl’s Court) rolls around 26-28 Mar, [...]