Pawn industry gets a boost from the woes of City slickers October 26, 2009 THE old-fashioned interior of Suttons & Robertsons isn’t really the kind of place you’d associate with cutting-edge modern art. Across the road from Victoria station, the venerable pawnbroking establishment – London’s oldest – with its oak-lined, private pledge booths in which customers can exchange expensive items in return for a loan, harks back to an [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 2, 2009 FINANCIAL TIMES OCH-ZIFF SET TO EARN PERFORMANCE FEES AGAINOch-Ziff, one of the largest hedge fund managers in the world, is set to start earning performance fees again across its $21.7bn (£13.3bn) of funds. The flagship Och-Ziff master fund is up 17.6 per cent this year, meaning it has almost completely recovered from losses incurred in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 2, 2009 FINANCIAL TIMES OCH-ZIFF SET TO EARN PERFORMANCE FEES AGAINOch-Ziff, one of the largest hedge fund managers in the world, is set to start earning performance fees again across its $21.7bn (£13.3bn) of funds. The flagship Och-Ziff master fund is up 17.6 per cent this year, meaning it has almost completely recovered from losses incurred in [...]
BLANK’S CHELSEA APPEARANCE SETS CITY TONGUES WAGGING ON HIS HEIR May 18, 2009 ANY idea that the downturn would affect corporate hospitality at the Chelsea Flower Show, traditionally one of the biggest, most important corporate schmooze-fests of the year, was smashed to smithereens at last night’s gala preview opening. Chelsea veterans including Marks & Spencer boss Sir Stuart Rose, WPP chief executive Sir Martin Sorrell, ICAP billionaire Michael [...]
BLANK’S CHELSEA APPEARANCE SETS CITY TONGUES WAGGING ON HIS HEIR May 18, 2009 ANY idea that the downturn would affect corporate hospitality at the Chelsea Flower Show, traditionally one of the biggest, most important corporate schmooze-fests of the year, was smashed to smithereens at last night’s gala preview opening. Chelsea veterans including Marks & Spencer boss Sir Stuart Rose, WPP chief executive Sir Martin Sorrell, ICAP billionaire Michael [...]
CITY MOVES WHO’S SWITCHING JOBS August 17, 2009 Cheyne Capital ManagementThe alternative asset manager has appointed Paul Ruddleston and Paul Keohane, pictured, as partners. The pair joins from Morgan Stanley, where they were managing directors and spent a combined 26 years. They will be responsible for managing the Cheyne Equity Macro Fund, along with former colleague and head portfolio manager Jorge Giampaoli, who [...]
THE TIPSTER RESOURCE STOCKS ARE IN FAVOUR August 16, 2009 RESOURCE stocks are still in favour this week thanks to improved optimism about the economic recovery and Chinese expansion. Among the larger-caps, India-focused metals group Vedanta Resources made an improved bid for bankrupt US copper miner Asarco last week, which saw the firm’s share price jump 5 per cent in two days, to hit a [...]
NYSE owner posts loss as costs mount July 30, 2009 TRANSATLANTIC exchange operator NYSE Euronext yesterday reported a second-quarter net loss of $182m (£110m), largely due to one-time charges, but beat expectations. The New York Stock Exchange parent recorded a $355m charge related to the termination of its European clearing contract with London-based LCH.Clearnet. It also absorbed a $87m charge from about 290 job cuts [...]
NYSE owner posts loss as costs mount July 30, 2009 TRANSATLANTIC exchange operator NYSE Euronext yesterday reported a second-quarter net loss of $182m (£110m), largely due to one-time charges, but beat expectations. The New York Stock Exchange parent recorded a $355m charge related to the termination of its European clearing contract with London-based LCH.Clearnet. It also absorbed a $87m charge from about 290 job cuts [...]
EXPENSES IN CITY CAN’T HALF GET EXPENSIVE May 20, 2009 ALL THIS palaver over outrageous Parliamentary expenses has got Square Milers reminiscing about the good old days in the City, when sky-high monthly expense bills were de rigueur. Of course, there are the usual tales of drink, drugs and girls, as well as a few quirkier ones – one gentleman who went to Ascot to [...]