CITY A.M. | SHADOW MPC VOTES 5-4 FOR QE2 October 5, 2011 ALLISTER HEATH | CITY A.M. “Rates should be held and there should be no additional QE. Further easing should only be considered if the Eurozone crisis spirals out of control and triggers another meltdown. Otherwise, policy should remain unchanged until the context becomes clearer. Inflation remains far too high.” SIMON WARD | HENDERSON “Hold rates, [...]
MAYFAIR’S FINANCIERS HELP EAT ALL THE PIES October 18, 2011 PIES AND prosecco were yesterday on the menu at Dartmouth House at Mayfair’s answer to the long-running annual Gull’s Eggs lunch. Mayfair hedge fund managers met hotel brokers at the Macmillan Cancer Support fundraiser, including Jones Lang LaSalle’s Jonathan Goldman, who has a personal connection to the cause, having recently endured a 20-hour operation for [...]
OLYMPIC SURGE FOR EAST LONDON HOMES July 24, 2011 HOUSES in east London have seen their value rise by an average of £192 per week or 28 per cent since London won its bid for the Olympic Games in 2005, Lloyds TSB announced today. Yet the main price spikes were in Homerton, Dalston and Bethnal Green, while price increases around the Stratford site have [...]
CITY MOVES | WHO’S SWITCHING JOBS July 25, 2011 Lloyds TSB Commercial Finance The asset-based finance providers has appointed Ian Larkin as managing director, to replace the departing Simon Featherstone. Larkin will head up the business that provides a range of asset based finance facilities and complementary products. He joins from the commercial banking division of Lloyds Banking Group, and was previously managing director [...]
Osmond venture lines Fairey up to chair Lloyds branches August 7, 2011 SUN Capital Partners has lined up former Lloyds deputy chief executive Mike Fairey to be chairman if the group’s bid for 632 of the bank’s branches is successful, a source confirmed yesterday. Sun Capital, a group of investors that includes Edward Spencer-Churchill and entrepreneur Hugh Osmond, has selected Fairey (pictured right) for his decade of [...]
CITY GRANDEES IN PLOT TO BUY BANK September 5, 2011 LORD Levene’s investment vehicle, NBNK, has entered talks to buy out National Australia Bank’s UK business, in a move that could shake up the industry by creating a banking behemoth to rival the dominant players. If NBNK, run by a group of City grandees, is successful in buying both NAB’s UK holdings and the 632 [...]
Small companies holding back on new investment July 24, 2011 COST pressures and weak domestic demand are preventing small businesses from investing in future growth, a survey by Lloyds TSB unveiled today. Fewer than one in five firms expect to boost their level of investment over the next six months, while slightly more (21 per cent) are planning cuts. The negative balance (minus two per [...]
CITY A.M. | SHADOW MPC September 7, 2011 ALLISTER HEATH | CITY A.M. “The Eurozone debt crisis is throwing everything out of kilter, with uncertainty hammering markets and the financial system under renewed pressure. We should therefore hold interest rates until the picture becomes clearer again. But we don’t need any more quantitative easing.” SIMON WARD | HENDERSON “Hold this month because of [...]
CITY MOVES | WHO’S SWITCHING JOBS September 1, 2011 Brooks Madonald Funds The fund management arm of Brooks Macdonald Group has appointed Mark Watson as new business development manager. Watson, based in Brooks Macdonald’s London office in Mayfair, will develop relationships with IFAs, discretionary fund managers and other business professionals to promote BMF’s fund proposition. He joins from Zurich Assurance Company, where he worked [...]
JUST THE TICKET August 29, 2011 Archery Venue: Royal Artillery Barracks Dates: Thursday 30 August – Wednesday 5 September 2012 Medal events: 9 Athletes: 140 (88 men, 52 women) Ticket prices: £5 to £10 Athletics Venues: Olympic Stadium (track and field events); The Mall (road events) Dates: Friday 31 August – Sunday 9 September 2012 Medal events: 170 Athletes: 1,100 (740 [...]