PERSONALITY OF THE YEAR July 29, 2012 TODAY we kick off the countdown to the City A.M. Awards with the first of the shortlists – for Personality of the Year. Our awards, now in their third year, have established themselves as a key part of the business calendar, celebrating all of the City’s main sectors and the people that make sure London [...]
RAPID RESPONSES August 6, 2012 Time-saving tech [Re: The technology paradox: It will kill jobs but rescue Britain’s economy, yesterday] I was rather suprised by Matthew Rock’s assertion that new technology kills jobs. If that were the case, the invention of the shovel would have led to economic decline, by allowing one digger to get more work done than many [...]
WHO’S SWITCHING JOBS June 25, 2012 Edison Investment Research The investment research firm has made three appointments to its London team. Tom Carless joins as finance and operations director from 7city, a specialist financial training firm. He spent five years as finance director at Ovum. Additionally, Will Forbes and Zsolt Mester join Edison’s team of analysts, from Arc Asset Management and [...]
Growth slowing at Burberry July 11, 2012 SHARES IN BURBERRY fell more than seven per cent yesterday after the luxury fashion group blamed a tougher economic environment and a shift in US wholesale distribution for a slowdown in first quarter sales. The 156-year-old British brand, best known for its signature check designs, said revenue rose 11 per cent to £408m in the [...]
Land Securities vacancies up as woes continue July 18, 2012 LAND SECURITIES, the UK’s largest landlord, has been hit by a fall in visitors to its shopping centres in the three months to July, which the company blamed on “ongoing uncertain economic news”. The company reported yesterday that footfall in its shopping malls fell by 2.8 per cent on the same period last year, and [...]
London is suffering as Olympic boost outweighed by losses July 31, 2012 SOMETIMES, we don’t need statistics to tell us what is happening to the economy. London during the past few days has been a case in point: the Olympics are a great success, of course, and those retailers and companies positioned to cash in (such as the Westfield Stratford shopping centre) are doing a roaring trade. [...]
Ashmore share price down as equity shrinks July 12, 2012 SHARES in funds house Ashmore tumbled 6.7 per cent yesterday after it said it has lost about a fifth of the money it manages in equities during the last quarter. The London-based manager, which focuses on investments in emerging markets, reported a 20.5 per cent drop in equities to $6.2bn (£4bn) in the three months [...]
MEET THE PANEL: LISTED PRODUCTS MASTERCLASS 11.30AM – 12.20AM, 24 MAY May 15, 2012 There has been huge interest in exchange-traded funds (ETF), covered warrants and other listed products over the past few years. Retail investors now have more freedom to trade commodities such as gold, silver and oil as well as indices such as the FTSE and Dow. Our panel will debate the merits of this exciting new [...]
PROFESSIONAL SERVICES FIRM OF THE YEAR August 6, 2012 TODAY’s shortlists for the third annual City A.M. awards kick off with our nominations for professional services firm of the year. The UK and EU may be planning significant shake-ups to the industry, but the firms on our shortlist aren’t letting that worry them, continuing to win bluechip clients, pursue global expansion and pioneer employment [...]
ICAP reassures over impact of Libor scandal July 11, 2012 INTERDEALER broker ICAP will bring its cost-cutting programme forward in a bid to shore up its profits, the firm said yesterday. In an attempt to placate shareholders ICAP said it will aim to cut £50m of annual costs by March 2013, rather than March 2014 as previously announced. Around a hundred staff have already left [...]