City says Italy needs a bailout before the end of year but EU and IMF will not be able to afford it July 17, 2011 ITALY will need a financial rescue this year but the Eurozone and IMF do not have the financial clout to put a bailout package together. That is the stark conclusion of the City A.M./PoliticsHome Voice of the City Panel. Of those panellists who expressed an opinion on whether Italy would need a bailout, 60 per cent said [...]
We must reinvent our meetings culture August 17, 2011 AUTHOR I THINK 100 years from now, we’ll look back at the absurd amount of time organisations spend inside of meetings and we’ll laugh. Or maybe we’ll cry. The meeting problem has grown into a full-blown debacle. Back to back to back, poorly executed, tortuously long meetings are hijacking our calendars and draining our enthusiasm. [...]
CITY MOVES | WHO’S SWITCHING JOBS June 21, 2011 Linklaters The law firm has appointed Michael Cutting as global head of competition and Sir Christopher Bellamy (pictured) as chairman of the practice, both effective from 1 July. Cutting, who has been a partner at the firm since 2005, specialises in banking, energy and utilities competition law, and takes over from Gerwin Van Gerven, who [...]
CITY MOVES | WHO’S SWITCHING JOBS June 21, 2011 Linklaters The law firm has appointed Michael Cutting as global head of competition and Sir Christopher Bellamy (pictured) as chairman of the practice, both effective from 1 July. Cutting, who has been a partner at the firm since 2005, specialises in banking, energy and utilities competition law, and takes over from Gerwin Van Gerven, who [...]
BEST OF THE BROKERS June 28, 2011 DOMINO’S PIZZA Numis rates the pizza maker a “buy” with a 600p target price as it says the market expects the firm to report negative like-for-like sales for the second quarter after hot weather in April and May. The broker instead believes new product launches and growing lunch and late night sales should fuel 12 [...]
BETFAIR’S IRON LADY IS ON HER LAST LEG July 31, 2011 FOUR down and one to go. No, not the number of top-level scalps claimed by the News Corp scandal, but the feats of endurance completed by Betfair’s Susannah Gill, the Iron Lady of the City, as part of her five-part “ultimate challenge” between April and September. Gill, who is making the original iron woman Margaret [...]
Eurozone dominoes teeter on the brink November 22, 2010 PORTUGAL’S future was hanging by a thread last night as ministers desperately tried to deflect fears it will be the next Eurozone domino to fall. Portugal’s Prime Minister Jose Socrates was defiant, claiming: “The country does not need any help… What the country needs is to do what is necessary, to approve the budget, and [...]
Eurozone dominoes teeter on the brink November 22, 2010 PORTUGAL’S future was hanging by a thread last night as ministers desperately tried to deflect fears it will be the next Eurozone domino to fall. Portugal’s Prime Minister Jose Socrates was defiant, claiming: “The country does not need any help… What the country needs is to do what is necessary, to approve the budget, and [...]
FSA extends PPI mis-selling settlement time June 13, 2011 The City watchdog has extended the amount of time the banks have to settle claims for mis-selling payment protection insurance while Barclays has pledged to fully compensate thousands of customers. Barclays has committed to settle tens of thousands of outstanding claims over the scandal, putting pressure on rivals to follow suit. The Financial Services Authority [...]
Why Greece should default and exit the euro June 12, 2011 FOR the Eurozone to not only survive but thrive Greece must default and leave. Athens fiddled the numbers to get in and now reality has firmly caught it up. An exit is the best option for the Greek people and it is the best option for the euro. Why now delay the inevitable? The single [...]