City Matters: Tangible steps forward in the UK-China relationship will deliver real benefits October 20, 2013 WITH both George Osborne and Boris Johnson flying the flag for British business in China last week, it is worth taking stock of this increasingly important UK-Sino relationship. As the government rightly recognises, the UK and London need to be plugged into fast-growing global markets like China in order to succeed in the global race. [...]
Longchamp opens British flagship store September 15, 2013 French luxury goods retailer Longchamp officially opens its biggest store in Europe today, on London’s Regent Street. Kate Moss, pictured here at the store’s opening party on Saturday night, models for the brand. The 5,400 sq ft store is Longchamp’s third British outlet, alongside Westfield London and New Bond Street. The opening is part of [...]
Inside Track: It’s about time the City’s watchdog got its act together December 4, 2013 WERE British banks engaged in a corrupt pact to bankrupt struggling business customers? The evidence from dossiers compiled by the businessmen Lawrence Tomlinson and Neil Mitchell is superficially shocking, although as yet inconclusive. Anecdotal evidence that Royal Bank of Scotland’s global restructuring group has nudged clients into administration when alternative outcomes were achievable have circulated [...]
Why higher education is this country’s secret industrial powerhouse December 15, 2013 WHEN considering the powerhouses of the British economy, most people’s minds flick to the City, or perhaps pharmaceuticals or retail. Yet it’s British universities – the envy of the world – which have the potential to save the British economy. Higher education is the UK’s secret industrial powerhouse. UniversitiesUK suggests that our universities are responsible [...]
Zara sees profits and jobs up September 18, 2013 Inditex, the Spanish company that owns clothes shop Zara, has seen net sales rise six per cent to 7.7bn euros in the first half of 2013. Net profit amounted to 951m euros (£798.2m). The group has created over 10,000 jobs, refurbished and enlarge a number of flagship stores, including London's Brompton Road, and opened 95 [...]
London Report: Rio Tinto holds up FTSE despite housing drop November 28, 2013 HeAVYWEIGHT miner Rio Tinto helped keep the FTSE 100 in positive territory yesterday, offsetting weakness in housebuilders after the Bank of England removed a mortgage support scheme. Rio Tinto enjoyed hefty gains in an otherwise subdued session – adding six points on its own to the FTSE 100 – as investors responded bullishly to the [...]
City Moves for 24 October 2013 | Who’s switching jobs October 23, 2013 Investec Private Bank The private bank has announced the appointment of Eden Riche as head of high net worth lending. He has previously held senior roles at RBS and Lehman Brothers Europe. Lloyds Bank Commercial Banking Ender Tanar has joined the bank as head of central Europe. He has over 28 years’ experience in the finance [...]
What the other papers say this morning – 20 December 2013 December 19, 2013 FINANCIAL TIME Taper pressures emerging markets Markets soured on the day after the US Federal Reserve’s dramatic tapering of its asset purchases from $85bn to $75bn per month as the dollar climbed and vulnerable emerging markets came under pressure. The taper heralded a new era of dollar strength, with the US currency up by 0.6 [...]
Conviviality swaps Oriel for new broker October 16, 2013 CONVIVIALITY Retail, the owner of the Bargain Booze off-licence chain, has parted ways with Oriel Securities less than four months after hiring the firm as joint-broker ahead of its £64m stock market debut. The company said yesterday that it has hired Panmure Gordon as joint broker, working alongside Zeus Capital, after putting the position out [...]
Public offered a ride on theme park flotation October 21, 2013 ALTON Towers owner Merlin Entertainments yesterday said members of the public will have the chance to become shareholders in the company when it floats in London next month, with a minimum investment of just £1,000. The business, which also owns Madame Tussauds and Legoland, plans to raise £200m in an initial public offering of shares. [...]