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, [...]
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, [...]
Street works are a sign the City is thriving August 29, 2011 LAST week’s news that the government is proposing to charge utilities companies for digging up roads during peak hours is the latest in a long line of measures designed to combat disruption. Such works are a huge problem for all London boroughs. But imposing financial disincentives can only ever be one part of a more [...]
Job cuts show bonus benefits July 31, 2011 THE announcement that Credit Suisse is to cut 2,000 jobs follows an accelerating trend of redundancies in the banking industry, with some commentators speculating the total job losses across the sector could total over 50,000 this year. Many will arise as banks reassess business models in the light of changes to the economic climate and [...]
Job cuts show bonus benefits July 31, 2011 THE announcement that Credit Suisse is to cut 2,000 jobs follows an accelerating trend of redundancies in the banking industry, with some commentators speculating the total job losses across the sector could total over 50,000 this year. Many will arise as banks reassess business models in the light of changes to the economic climate and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 15, 2011 FINANCIAL TIMES SINO-FOREST DELAYS PUBLICATION OF FRAUD REVIEW Sino-Forest, the Chinese forestry company fighting allegations of fraud, has delayed publication of its internal review into claims made by research outfit Muddy Waters that triggered a collapse in the company’s share price in June. An independent committee has presented an interim report to Sino-Forest’s board but [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2011 FINANCIAL TIMES UK CONSUMER RECOVERY SET TO BE SLOWEST IN 180 YEARS The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts. Families are expected to spend just slightly more by 2015 than they were before the [...]
UBS awaits fate of new headquarters May 22, 2011 THE DEVELOPERS of the new UBS headquarters on the Broadgate estate are set to find out as soon as this week whether the existing office blocks will be recommended for listed status, stalling progress on the £340m project. English Heritage’s advisory board will meet on Wednesday to discuss the group’s recommendations, which will inform the [...]
CITY MOVES | WHO’S SWITCHING JOBS March 13, 2011 Irwin Mitchell The national law firm has appointed Sue Weatherson as its new director of risk and compliance. Weatherson joins from Withers LLP and will report to Irwin Mitchell’s national managing partner, John Pickering. Weatherson will have overall responsibility for ensuring the firm complies with its regulatory requirements and managing risk. She replaces partner Louise [...]
Online sales boost for House of Fraser January 9, 2011 UK department store House of Fraser saw same store sales jump 8.5 per cent in the five weeks to 8 January, reinforcing the success of multi-brand retailers over the Christmas period. It follows similar results last week from the John Lewis Partnership, which saw sales up 8.9 per cent compared to last year. But House [...]