PM: We will bring powers back from EU December 12, 2011 THE UK will work to repatriate powers from the European Union while still seeking a resolution to the Eurozone crisis, David Cameron told MPs yesterday, as he robustly defended his decision to veto a new treaty agreement in last week’s summit. With deputy PM Nick Clegg conspicuous in his absence, Cameron stressed that his actions [...]
Bidders tune in for fire sale of HMV Live January 3, 2012 THE EVENTS group behind the Reading, Leeds and Latitude festivals is set to battle investment group Oakley Capital for the live music arm of ailing retailer HMV. City A.M. understands Festival Republic, run by Melvin Benn, is interested in a deal and could make a move in a matter of days. There is no guarantee, [...]
Bidders tune in for fire sale of HMV Live January 3, 2012 THE EVENTS group behind the Reading, Leeds and Latitude festivals is set to battle investment group Oakley Capital for the live music arm of ailing retailer HMV. City A.M. understands Festival Republic, run by Melvin Benn, is interested in a deal and could make a move in a matter of days. There is no guarantee, [...]
Cameron says Eurozone crisis is “chilling” UK November 21, 2011 Prime Minister David Cameron will warn today that the crisis in the Eurozone is having a “chilling effect” on the UK economy, even as he sets out plans to spend £400m to kick-start growth. The government’s growth drive, which will focus on funding new housing, is likely to be one of many announced in coming [...]
It’s a good time for the City’s taxes to pour in December 18, 2011 AT A time when the City’s value is being questioned, both in the UK and in Europe, it is more important than ever that we highlight the huge contribution it continues to make – even in this extremely challenging economic environment. It was timely therefore that last week a new City of London Corporation report [...]
Bridgepoint confirms deal to buy Quilter January 24, 2012 PRIVATE equity firm Bridgepoint yesterday signed its deal to buy Quilter, the wealth management business owned by Morgan Stanley Smith Barney, for an undisclosed sum expected to be more than £170m. This comes just weeks after Bridgepoint bought online cycling shop Wiggle for €210m (£175.2m) in late 2011 – a year which saw the private [...]
House prices up 1.2pc in October November 7, 2011 UK house prices edged up by 1.2 per cent in October compared with September, but have fallen over the last year, according to the Halifax. The lender said that values had fallen by 1.8 per cent compared with a year ago. It said that the housing market had remained “highly resilient” despite weakness and a [...]
FX TRADERS WIN UNFAIR DISMISSAL LAWSUIT February 14, 2012 SOCIETE GENERALE traders Didier Meyer and Eric Leandri can finally attempt to resurrect their careers, after being cleared of allegations of unauthorised trading in connection with a multi-billion euro trade with ArcelorMittal in 2009. Meyer, former global head of FX options trading, and his colleague Leandri, global head of FX structuring, were suspended in October [...]
Britain must become a land of opportunity once more to attract the world’s workers February 6, 2012 COUNTRIES receive the immigrants they deserve. A migrant has 192 countries to choose from. He or she will choose according to his own preferences and reasons. The possibility of economic betterment is the most important: nobody aspires to end up on the breadline. What forms of economic betterment are available will determine what sorts of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 16, 2012 FINANCIAL TIMES MORRISON COOLS INTEREST IN IRELAND Wm Morrison’s interest in Iceland Foods is cooling, raising doubts about whether Britain’s fourth biggest supermarket chain by market share will mount a £1.5bn bid for the frozen food specialist. Morrison was one of the companies expected to make an offer for Iceland Foods, for which second round [...]