Lloyd’s of London sees Sandy claims of up to $2.5bn December 19, 2012 The Lloyd’s of London insurance market said this morning that Hurricane Sandy claims are between $2bn and $2.5bn (£1.25 and £1.55bn). Lloyd’s said that it would be able to pay out with “minimal impact” on its members’ capital, and it wouldn’t affect the central fund – a reserve fund used to meet claims if a [...]
London Report: Bank falls stop FTSE’s nine-day winning streak October 23, 2013 THE UK’S benchmark equity index fell yesterday to end a nine-session winning streak, as a drop in heavyweight banking shares dragged the stock market down from five-month highs. Nevertheless, several traders felt any pullback would be relatively short-lived and saw the UK stock market rallying into the end of 2013. The benchmark FTSE 100 index [...]
Prime London house prices to grow six per cent June 20, 2012 PRIME CENTRAL London residential house prices will grow by six per cent this year in stark contrast to the rest of the UK, new research from CBRE shows. The property specialist said average house prices in London’s top postcodes have grown by 35 per cent over the last three years and are now 16 per [...]
JOBS of the WEEK May 16, 2012 INTERIM TRANSITION MANAGER CENTRAL LONDON £650-£750 per day An international human resources firm requires an experienced project manager to join its learning and development team. Candidates must have operated in a complex matrix environment. http://www.cityamcareers.com/job/5965 DIRECTOR PRIVATE BANKING DUBAI $200k-$300k pa A private banker is required at the Dubai office of a leading private bank. [...]
JOBS of the WEEK May 16, 2012 INTERIM TRANSITION MANAGER CENTRAL LONDON £650-£750 per day An international human resources firm requires an experienced project manager to join its learning and development team. Candidates must have operated in a complex matrix environment. http://www.cityamcareers.com/job/5965 DIRECTOR PRIVATE BANKING DUBAI $200k-$300k pa A private banker is required at the Dubai office of a leading private bank. [...]
Power station at Battersea in £8bn revamp July 25, 2012 THE GOVERMENT today announced plans for the £8bn redevelopment of Battersea Power Station by its new Malaysian owners, with the revamp due to kick-off as early as next year. Europe’s largest brick building, which has seen a string of developers try and fail to revive it over the past two decades, was recently rescued from [...]
Where next for the yellow metal? April 19, 2013 Gold experts Georges Lequime and Paul Tustain, both speaking at City A.M.’s Active Trader Conference this year, give their perspectives on recent moves in the price, what drives the precious metal, and what will happen next GEORGES LEQUIME FOR the first time in my twenty years as a gold fund manager, and previously sell-side analyst, [...]
The Santa Fe bar with a useful lesson for London’s Olympic organisers August 7, 2012 IT NOW seems like a distant memory, as London has again filled up with shoppers, tourists and people celebrating Team GB’s historic gold medal haul. But last week, the city was notoriously labelled a ghost town, despite official predictions that the capital would be heaving. No doubt, Transport for London had used its hugely complicated [...]
Wall street is back January 16, 2013 THE TOP US investment banks defied gloomy market conditions to rack up big jumps in profits last year, fourth quarter results showed yesterday, as central bank support and a renewed focus on cost control breathed new life into the troubled sector. A boom in debt underwriting alongside strong fixed income, currency and commodities client execution [...]
City hits back over Noyer’s euro warning December 3, 2012 LONDON hit back yesterday after French central bank governor Christian Noyer suggested that Eurozone governments should take financial services related to the single currency away from the City. Mayor Boris Johnson joined a chorus of disapproval over Noyer’s comments. “This is a desperate French attack in an effort to make something out of the Eurozone [...]