MegaFon holds back its London market listing October 22, 2012 RUSSIAN telecoms firm MegaFon yesterday postponed its London-Moscow listing, striking another blow to hopes that a flood of firms from the country could kick-start the sluggish initial public offering market in the City. The group hopes to raise $2bn (£1.25bn) from the sale of up to 20 per cent of its stock, listing global depository [...]
East India Company: The original City firm judged too big for failure December 16, 2012 FOR an institution that’s been defunct for over 150 years, the East India Company still evokes powerful reactions. This year in India, a move to liberalise the retail sector to allow investment by foreign multinationals was greeted with protests: “this is the return of the East India Company”. Meanwhile in the UK, Sanjiv Mehta has [...]
Frankenstorm October 29, 2012 First two day close of New York exchange due to weather since 1888 Millions left without power as storm surge threatens Manhattan Insurers estimate the total cost of the damage could reach $10bn HURRICANE SANDY last night hit the US’s North East coast, closing stock exchanges, grounding aeroplanes, flooding low-lying areas, and potentially landing insurers [...]
Swiss Re sees policy prices rising further August 9, 2012 SWISS Re, the world’s second-biggest reinsurer, said premiums are likely to rise further in a continued reaction to the unusually high number of natural catastrophes last year, as it posted an unexpected quarterly profit. Huge natural catastrophes in 2011, including the Japanese earthquake and tsunami, have allowed insurers, who for years grappled with low bond [...]
Suspend your disbelief training October 15, 2012 The TRX system is the latest “must-have” fitness regime. It consists of several suspension cables, which you attach to either arms or legs as straps that then suspend you from a surface using your own body weight (and gravity) as resistance. The intensity of the exercise is determined by how you position the cables on [...]
International money bolsters central London property boom August 27, 2012 INTERNATIONAL cash is flooding into the London property market, as foreign buyers capitalise on weak sterling, a report released today by Cluttons claims. The property consultants predict a 3.2 per cent annual increase in prime central London house prices, driven by cash buyers – in turn driven by the weak pound. Compared to the 2007 [...]
MUNICH RE SEES €500M THAI FLOOD LOSS December 8, 2011 FLOODS to hit Thailand last month are the costliest natural disaster ever to hit the country, Munich Re, the world’s biggest reinsurer, said yesterday. Munich Re said it would bear losses of €500m (£429m) from the catastrophe, which has claimed more than 600 lives and wrecked critical industrial areas around the capital Bangkok. Picture: REX
SWISS RE SEES $600M THAI FLOOD LOSS December 6, 2011 FLOODS that swept Thailand in November, killing more than 600 people and causing $8-11bn (£5.1-£7bn) of insured losses, will cost reinsurance giant Swiss Re $600m, it said yesterday. The floods hugely damaged factories, adding to the woes of Asian firms that moved production from Japan after the earthquake. Picture: REUTERS
SWISS RE SEES $600M THAI FLOOD LOSS December 6, 2011 FLOODS that swept Thailand in November, killing more than 600 people and causing $8-11bn (£5.1-£7bn) of insured losses, will cost reinsurance giant Swiss Re $600m, it said yesterday. The floods hugely damaged factories, adding to the woes of Asian firms that moved production from Japan after the earthquake. Picture: REUTERS
The City should take the baton and use London 2012 to boost UK business August 5, 2012 STANDING outside the Olympic Park the day before the opening ceremony, I couldn’t help but feel caught up in the energy and anticipation of what was to come. The grounds are a fantastic sight, and this month provides an opportunity like no other to showcase and celebrate the qualities that put the Great into Great [...]