Horta-Osorio speeds-up Lloyds sale plans on day one March 1, 2011 THE NEW chief executive of Lloyds is stepping up plans to sell more than 600 branches operated by the state-backed lender. António Horta-Osório, the former head of Spanish bank Santander’s UK operations, took his place at the helm yesterday. His tenure began with a bang, as the bank revealed it would push ahead with plans [...]
Barclays joins £115m Daisy loan syndicate February 6, 2011 BUSINESS telecoms group Daisy has secured an additional £40m credit facility to help fund further acquisitions, the firm will announce today. AIM-listed Daisy has brought in Barclays as the fourth lender in its syndicate, which also includes Lloyds TSB, Yorkshire Bank and HSBC. Daisy now has access to £115m through the credit facility. Chief financial [...]
Barclays joins £115m Daisy loan syndicate February 6, 2011 BUSINESS telecoms group Daisy has secured an additional £40m credit facility to help fund further acquisitions, the firm will announce today. AIM-listed Daisy has brought in Barclays as the fourth lender in its syndicate, which also includes Lloyds TSB, Yorkshire Bank and HSBC. Daisy now has access to £115m through the credit facility. Chief financial [...]
2012 tickets: Ready, set, go March 14, 2011 THE ticket application process for the London 2012 Olympic Games finally opens today, and they are sure to be hot property so City A.M. has put together an easy guide designed to make the process as easy as possible. 1. it’s NOT FIRST COME, FIRST SERVED While the application process opens today, it lasts for six [...]
Some good ideas, some silly ones – but no disasters April 11, 2011 WHAT passes for moderate these days when it comes to banking reform is in fact pretty radical. Yesterday’s interim paper from Sir John Vickers’ Independent Commission on Banking (ICB), if it is implemented, will trigger vast changes to the way UK banks operate – but it reads as a surprisingly sensible and balanced piece of [...]
Prices to go up after VAT rise squeeze January 4, 2011 RETAILERS may be promising to bear the brunt of the VAT rise but consumers will be hit by higher prices over time, experts said yesterday. Large retailers such as Tesco, Marks & Spencer and Sainsburys have rushed to promise consumers they will not bear the burden of the tax rise from 17.5 to 20 per [...]
CITY A.M. | SHADOW MPC February 9, 2011 ALLISTER HEATH | CITY A.M “All the surveys are showing strong business activity – across the sectors – and seriously rising costs. A quarter point rate rise is urgently required to send a strong message.” SIMON WARD | HENDERSON “Half-point hike. The debate is shifting from whether to how far rates need to rise. Solid [...]
Data corrections to deficit figures offer hope for Osborne January 25, 2011 DOWNWARD revisions to government deficit figures for November, and a fall in the deficit for December, will reassure chancellor George Osborne that he is on course to hit his targets for the financial year. Government borrowing dropped to £16.8bn in December, it was revealed yesterday, considerably below the forecasts of economists who expected a figure [...]
Data corrections to deficit figures offer hope for Osborne January 25, 2011 DOWNWARD revisions to government deficit figures for November, and a fall in the deficit for December, will reassure chancellor George Osborne that he is on course to hit his targets for the financial year. Government borrowing dropped to £16.8bn in December, it was revealed yesterday, considerably below the forecasts of economists who expected a figure [...]
DO YOU THINK THERE IS A SKILLS SHORTAGE IN THE UK? December 13, 2010 ADAM MITCHELL | LLOYDS TSB SYNDICATE “I don’t think that there are necessarily less skilled people in the UK. But in my experience graduates need more skills than the ones that they normally enter the company with. EDWARD TREDGER | BEAZLEY “I think it depends on the skills you are looking for. There is no [...]