The insurance man turns to banking March 30, 2011 AFTER nine years at the helm of London’s insurance market Lloyd’s, its chairman Lord Levene is singularly unshockable even in the face of disasters on the unprecedented scale that struck Japan. The earthquake and tsunami which hit the northeastern coast of Japan on 10 March will cost insurers $20bn-30bn (£12.5bn-18.8bn), but Levene doesn’t think the [...]
The insurance man turns to banking March 30, 2011 AFTER nine years at the helm of London’s insurance market Lloyd’s, its chairman Lord Levene is singularly unshockable even in the face of disasters on the unprecedented scale that struck Japan. The earthquake and tsunami which hit the northeastern coast of Japan on 10 March will cost insurers $20bn-30bn (£12.5bn-18.8bn), but Levene doesn’t think the [...]
NOT SUCH A LUCKY BREAK FOR RACING MEDIA GROUP March 7, 2011 PUNTERS watching next week’s Cheltenham Festival will be able to see “every muscle move on every horse”, as the sporting event marks the first time Channel 4 will broadcast horseracing in high-definition. The news broke at a lunch held by Racing Media Group, the media partner for the UK’s 30 premier racecourses, where chief executive [...]
Hackers to target Games January 19, 2011 LONDON’S Olympic Games is certain to come under attack from cyber terrorists, the man in charge of IT and telecommunications for next year’s extravaganza has warned. Gerry Pennell, chief information officer for 2012, says malicious individuals or groups are sure to try to sabotage the Games by hacking into its networks. “We will get cyber-attacked, [...]
The commercial property king who says the City is ready for take-off November 2, 2010 Land Securities’ chief executive leaps from behind his desk, bounding across his seventh floor office overlooking Trafalgar Square as he welcomes City A.M. – after years of stagnation, the country’s biggest property developer is on the move again – and it certainly seems to have put a spring in Francis Salway’s step. Last week, the FTSE [...]
RONSON BLAMES TOXIC IRISH BANKING ASSETS March 29, 2011 TO the Dorchester for the annual get-together of the great and the good in the property world, hosted by Gerald Ronson, Heron International’s remarkable boss. The 71-year old property sage and philanthropist, who briefly spent time in jail in the 1990s as a result of the Guinness share scandal, before staging a spectacular personal recovery, [...]
New HQ plans under threat at JP Morgan July 18, 2010 CANARY Wharf is in danger of being left with a yawning gap in its skyline in the years to come if JP Morgan decides to pull its plans to move into new headquarters under construction on the banks of the Thames. The future of the Riverside South building was cast into doubt again at the [...]
CITY MOVES | WHO’S SWITCHING JOBS January 3, 2011 Barclays Corporate Ian Gilmartin has been promoted to Barclays Corporate’s retail and wholesale team as corporate director. He was formerly head of marketing services in the tech and media sector. In his new job, he will be working with Richard Lowe, head of the retail division, and will be adding to his 16 years’ experience [...]
Shell set for 2011 move to Canary Wharf June 9, 2010 ENERGY company Shell is set to move half its London staff to temporary offices in Canary Wharf next year, after it signed a 15-year deal with Songbird Estates yesterday. It will lease ten floors of 40 Bank Street from Songbird, a wholly-owned subsidiary of the Canary Wharf Group (CWG), with the opportunity to rent additional [...]
FOCUS ON: BOW, E3 October 21, 2010 PACIFIC COURT, CASPIAN WHARF Price: Three-beds from £404,950. Due for completion in 2012, these apartments are now for sale. They include a concierge service and underground parking. Contact: Berkeley Homes on 0844 800 1152, www. berkeleyhomes.co.uk PARNELL ROAD Price: £575,000 Close to Victoria Park, this three-bed modern house has an open-plan living area and kitchen [...]