SUPERMODELS AND SHY TYCOONS LAUNCH THE SCOTCH AND JALOUSE | City A.M. October 7, 2013 TWO PARTIES in one evening. Just a usual Thursday night out for supermodel Kate Moss, who started last Thursday evening at Arjun Waney’s Arts Club before moving on to the re-opening of The Scotch the other side of Piccadilly in St James’s. The Capitalist had been informed that the venue’s opening night would be a [...]
London Report: FTSE reverses slide despite US uncertainty September 24, 2013 BRITAIN’S top share index halted a two-day slide yesterday but a selloff in cruise operator Carnival and uncertainty about the US fiscal outlook curbed investors’ appetite. Shares in Carnival fell 5.6 per cent in volume nearly four times its average for the past three months after it warned about a possible loss for the current [...]
Bond and The Hobbit rescue Cineworld from Olympic blues January 8, 2013 A STELLAR lineup of film releases at the end of last year rescued film theatre chain Cineworld from a subdued summer, with cinema goers spending more than ever on tickets and popcorn, despite the draw of the Olympics. The company said yesterday that revenues across the group had risen by 2.4 per cent in 2012, despite [...]
London Report: Banks lead FTSE down on doubt about Fed policy September 23, 2013 BRITAIN’S top share index fell yesterday, led down by banks on uncertainty over the timing for an expected scaling back of US Federal Reserve monetary stimulus. Aberdeen Asset Management, among the top risers earlier yesterday after saying it expected to meet profit forecasts, pared back its gains to trade up 0.3 per cent. Traders noted [...]
US inflation hits Fed target August 15, 2013 The annual rate of inflation in the US hit the Federal Reserve's target in July, rising to 2.0 per cent from 1.8 per cent the month before (release). This came as US jobless claims – a key indicator of future unemployment levels – dropped off unexpectedly, prompting fears of an imminent tapering of the Fed's [...]
Bank of the year September 9, 2013 2013 may be remembered as the year the banking sector shook off the shadow of the financial crisis and really came back into its own. Profitability is up, lenders are at last overcoming tough new regulatory hurdles and a stable future could be just around the corner. Here is our pick of the top five [...]
Arts and the City are bound together in the interests of our wider society January 27, 2013 THROUGHOUT its history the Square Mile has always been about far more than just business. It is also part of London, part of wider society, and contributes to the life of the broader community in creating an environment conducive to serving and supporting business. Key to this is the City of London’s role as a [...]
Forward guidance in the UK is likely to fail as the Fed taper approaches | City A.M. July 15, 2013 BANK of England governor Mark Carney’s colours are firmly attached to the forward guidance mast. Following broad hints on 4 July, next month the Bank is expected to formally adopt the practice of signalling the future path of monetary policy. Forward guidance, however, is likely to fail. In a speech entitled Monetary Policy After The [...]
Morgan Stanley profits soar as economy grows July 18, 2013 PROFITS grew in all of Morgan Stanley’s business lines in the last three months, the US investment bank said yesterday. Trading volumes increased in equities and bonds, wealth management returns improved and underwriting profits improved. The bank reported a profit of $802m (£527m) in the second quarter, up 42 per cent on the same period [...]
London Report: FTSE slumps to 4-week low on tightening fears August 7, 2013 THE FTSE 100 share index closed at a four-week low yesterday on concerns the Bank of England (BoE) and the US Federal Reserve may start tightening monetary policy earlier than expected. A day after two Fed officials suggested the US central bank may cut the pace of bond purchases as early as next month, the [...]