Q&A GOVERNANCE November 11, 2010 Q.At what point do you need a proper board of directors? A.If you’re part of a small company that has been steadily growing, you may have started to think about creating a board of directors, which includes more than just yourself and your business partner. But when is the right time to create a professional [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 11, 2010 FINANCIAL TIMES BLOW TO BANK CRISIS PLANS Regulators are struggling to create a global mechanism that could wind down a big financial institution without the disruption caused by Lehman Brothers’ collapse in 2008. The US is due to propose its own “resolution” regime. But policymakers attendingmeetings around the Internationa Monetary Fund have criticised the regime [...]
QE2 IS LIKELY TO BE ABOVE $1 TRILLION October 18, 2010 CFD MARKET STRATEGIST, GFT FEW analysts now doubt that the Federal Open Market Committee (FOMC) will announce another round of quantitative easing (QE) at its November meeting. In fact, speculation has turned to the harm that Fed inaction could cause to the markets. After all, equities have been a one-way bet ever since QE2 became [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]
Thomas Cook and Co-op in holiday business merger October 8, 2010 Thomas Cook Group and The Co-operative Group have agreed a merger of their high street travel and foreign exchange businesses. The deal will create the UK’s biggest high street travel operation with 1,200 shops. It is estimated that the pair can save a total of £35m in costs through the agreement. Under the merger, Thomas [...]
Being eco-friendly can make you richer October 14, 2010 YOU may think that making your home eco-friendly is the kind of bore only liberal do-gooders relish. Think again. Jumping on the green bandwagon can add up to 5 per cent to the value of your property, make it more competitive on the housing market and help you save on energy bills. CityA.M. has taken [...]
ECJ rejects in-house legal privilege plea September 14, 2010 EUROPE’S legal community was disappointed yesterday after the European Court of Justice (ECJ) refused to grant privilege protection to in-house lawyers practising on the continent. The ECJ handed down the judgement yesterday morning after a lengthy battle, which called into question whether Europe’s in-house lawyers should receive privilege rights during investigations by competition officials. The [...]
Persimmon sees its sales rise by a fifth April 22, 2010 HOUSEBUILDER Persimmon yesterday said sales were up by a fifth on last year despite a “backdrop of continued uncertainty” from the fledgling economic recovery and upcoming election. The FTSE 250 listed group reported total sales since the start of the year stand at £1.15bn in a trading update. The firm said weekly sales volumes remain [...]
Ireland will receive tens of billions in loan deal November 18, 2010 IRELAND is likely to take a loan worth tens of billions of euros from the International Monetary Fund and European partners to prop up its banking system, the troubled country’s banking chief said yesterday in the first official confirmation that a bailout is imminent. Central bank governor Patrick Honohan said “we are talking about a [...]