BLAIR WOOS LAWYERS WITH FOND MEMORIES November 22, 2010 CITY law firm Clifford Chance last night played host to a gathering of 250 of the City’s most prominent names in a one-off chance to hear from former Prime Minister Tony Blair. Blair blitzed into the event and had to run off to another engagement immediately afterwards, but in between he found time to cover [...]
Barclays boss hits out at US plan for banks February 9, 2010 The chief executive of Barclays yesterday hit out at US President Barack Obama’s proposals to make the financial system “safer” by scaling down the size of the banks and stopping them from carrying out riskier trading activities. John Varley told the House of Commons Treasury Committee that a curb on banks’ abilities to carry out [...]
JP MORGAN BOSS DIMON WARNS ON UK REGIME October 20, 2010 MUCH has been made of rumours that JP Morgan is to abandon plans to build itself an all-singing, all-dancing new HQ in Canary Wharf, with talk rife that the UK’s punishing tax regime and regulatory changes are behind the bank’s reluctance to commit. And in a little-noticed interview aside recently, JP Morgan’s chief executive Jamie [...]
FTSE slides as weak drugmakers and banks offset rally by mining and oil firms September 23, 2010 Britain’s leading share index ended slightly lower yesterday, rallying late on in tandem with a turnaround on Wall Street after US existing home sales data, with firmer oils offset by weak drugmakers and banks. By the close, the FTSE 100 was down 4.83 points or 0.1 per cent at 5,547.08, its third consecutive session of [...]
BP and energy peers propel the FTSE while banks drag September 8, 2010 EENERGY stocks led by BP pushed Britain’s top shares higher yesterday, outpacing falls in banks that were weighed down by European recovery concerns. The FTSE 100 closed up 21.92 points, or 0.4 per cent, at 5,429.74, after breaking a seven-session winning streak to close down 0.6 per cent on Tuesday at 5,407.82. Meanwhile the FTSE [...]
Barclays Wealth snaps up three UBS bankers February 8, 2010 Barclays Wealth, the private banking arm of Barclays, has hired another three bankers from UBS, adding to the 10 who were recruited in August last year. Vikram Malhotra, who led a team of UBS bankers in Singapore and Hong Kong serving millionaires of Indian origin, joined Barclays Wealth yesterday as head of South Asia where [...]
Food inflation could derail VAT increase September 12, 2010 FURTHER rises in food prices could cause annual inflation to accelerate to four per cent and endanger the government’s plans to hike VAT to 20 per cent in January, a leading City economist has warned. Henderson’s chief economist Simon Ward said that recent rises in global food commodity prices may boost annual CPI food inflation [...]
Food inflation could derail VAT increase September 12, 2010 FURTHER rises in food prices could cause annual inflation to accelerate to four per cent and endanger the government’s plans to hike VAT to 20 per cent in January, a leading City economist has warned. Henderson’s chief economist Simon Ward said that recent rises in global food commodity prices may boost annual CPI food inflation [...]
THE TIPSTER September 22, 2010 Mitchells & Butlers has lost ground this month despite last week reporting it is paying around £20m for 22 Ha Ha Bar & Grill restaurants. Can today’s trading update, which analysts expect to provide positive news, help lift the stock back up above the 300p level? ShortsandLongs.com has a rolling spread of 294.5p-296.1p. The afterglow [...]
CITY MOVES | WHO’S SWITCHING JOBS August 5, 2010 FTSE Group The global index provider has appointed Sudir Raju as managing director for its custom index business. Raju has worked for Dow Jones and Stoxx Indexes since 2004, latterly as leader of the Stoxx custom index business. He has a strong technical background with experience extending across index design, production, reviews and operations, as [...]