Blackstone out of RBS race April 26, 2010 US private equity firm Blackstone and the Wellcome Trust have failed to make the shortlist of interested parties bidding for 318 Royal Bank of Scotland (RBS) branches. The joint offer submitted by the buyout house and the charitable foundation was “the least competitive” of five final bids, sources confirmed to City A.M. last night. It [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
Belle Epoque style enters the 21 century May 27, 2010 AT the turn of the last century a visit to the imposing Mont Pelerine Palace in the Swiss Alps was a favourite pastime among wealthy travellers. They arrived by train to the quiet commune of Chardonne before ascending by funicular to the elegant hotel, enjoying the famous local Charennes wine and mingling with New York [...]
EX-CITI BANKER CLAIMS UNFAIR DISMISSAL – FOR BEING GORGEOUS June 2, 2010 WE’VE all heard of lawsuits being fired back and forth due to foxy females being sexually harassed at work, but bringing a legal complaint because managers insist a lady is too attractive to wear her normal office attire? That’s got to be a new one. Latino bombshell Debrahlee Lorenzana has filed a lawsuit in New [...]
Miller Group eases losses March 17, 2010 Miller Group, the UK’s largest privately-owned housebuilder, reported reduced full-year pre-tax losses yesterday in another sign that the housing market is picking up. The Edinburgh-based group saw its pre-tax losses for 2009 decline to £72.4m, from a £170m loss in 2008. The firm saw its sales fall 25 per cent to £783m. Miller’s house-building business [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 15, 2010 FINANCIAL TIMES INVESTORS RAISE FEARS ON “STEWARDSHIP CODE” As the Financial Reporting Council prepares to issue a shareholders’ best practice code, industry groups and institutional investors say they are worried it will become another list of boxes to tick. The FRC’s consultation on the world’s first official “stewardship code” closes on Friday and it expects [...]
Wall Street rallies on growth spurt April 5, 2010 The bulls were out in force in the US markets yesterday as its economy received the strongest sign yet that it is on the road to making a full recovery. The Dow Jones soared close to the 11,000 mark, reaching its highest point in over 18 months, following five weeks of consecutive growth. It climbed [...]
LABOUR MANIFESTO | AT A GLANCE April 12, 2010 ECONOMY • Secure the recovery by maintaining public spending this year, while growth is still fragile. • More than halve deficit by 2014 through economic growth, fair taxes and cuts to lower priority spending areas. • Cut structural budget deficit by more than two-thirds over next parliament. • Will not raise income taxes but does [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 3, 2010 FINANCIAL TIMES DERIPASKA IN NEW LISTING Oleg Deripaska, the Russian billionaire, is preparing to float a second resource company in Hong Kong just three months after the controversial $2.2bn initial public offering of Rusal, his aluminium group. Strikeforce Mining and Resources aims to raise as much as $200m this month, according to people close to [...]