Sterling falls to six-month low on grim outlook for UK economy October 13, 2009 STERLING is once again the whipping boy of the forex markets. It fell to a six-month low against the euro on Monday after a report from the Centre for Economics and Business Research (CEBR) suggesting that sterling could hit parity versus the single currency. And despite relatively healthy retail sales and house price data, inflation [...]
OUT OF OFFICE October 13, 2009 DAMIEN HIRST AT THE WALLACE COLLECTIONHirst, whose work fetched £100,000 at a charity sale at Christie’s on Monday night, has spent £250,000 refurbishing the Wallace Collection in preparation for his display there. Twenty-five works, never seen in Britain, will be on display, making him one of the few living artists ever to have their work [...]
OUT OF OFFICE October 13, 2009 DAMIEN HIRST AT THE WALLACE COLLECTIONHirst, whose work fetched £100,000 at a charity sale at Christie’s on Monday night, has spent £250,000 refurbishing the Wallace Collection in preparation for his display there. Twenty-five works, never seen in Britain, will be on display, making him one of the few living artists ever to have their work [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 12, 2009 FINANCIAL TIMES JPMORGAN TRIES TO CALM UK FEARSJPMorgan’s top executives have embarked on a charm offensive to allay fears by staff and regulators that the ousting of Bill Winters as co-head of the investment bank will mean a diminished role for its London operations. Jamie Dimon, JPMorgan’s chief executive, made a surprise visit to London [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 12, 2009 FINANCIAL TIMES JPMORGAN TRIES TO CALM UK FEARSJPMorgan’s top executives have embarked on a charm offensive to allay fears by staff and regulators that the ousting of Bill Winters as co-head of the investment bank will mean a diminished role for its London operations. Jamie Dimon, JPMorgan’s chief executive, made a surprise visit to London [...]
If you’re getting a bonus, then bricks and mortar are still best October 8, 2009 IT MIGHT not be the most popular thing to say right now, but people are going to get bonuses this year. In the years preceding 2008, the bonus season meant one thing in London – a boost to the buy-to-let property market as bankers sunk their money into bricks and mortar. The world has changed [...]
If you’re getting a bonus, then bricks and mortar are still best October 8, 2009 IT MIGHT not be the most popular thing to say right now, but people are going to get bonuses this year. In the years preceding 2008, the bonus season meant one thing in London – a boost to the buy-to-let property market as bankers sunk their money into bricks and mortar. The world has changed [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 7, 2009 FINANCIAL TIMESMICROSOFT NEARER TO EU DEALMicrosoft yesterday scored an important breakthrough in its long-running battle with European regulators, paving the way for an end to a highly charged dispute that has hung over the US?software company for much of this decade in one of its most important markets. The EU’s antitrust watchdog said that it [...]
CITY MOVES WHO’S SWITCHING JOBS October 6, 2009 ThreadneedleThe asset management firm has appointed Kris Haber as global head of hedge funds and head of the North American business. Haber, who will report directly to the firm’s chief executive Crispin Henderson, joins after a 13-year spell working for Lazard Asset Management, where he was most recently a managing director for global alternative investments. [...]
Profits hit at Grainger but sales improve October 6, 2009 PROPERTY company Grainger said yesterday sales in the year to end-September had risen by 21.6 per cent, but trading profit would be hit by lower house prices and more sales to investors. The group, which is Britain’s largest quoted residential landlord, sold about £220m of property in the 12 months, with sales from its core [...]