Cameron dodges corruption storm on 2018 bid mission November 30, 2010 PRIME MINISTER David Cameron last night brushed off the furore surrounding Panorama’s allegations and pledged to do his utmost to ensure England win the vote to host the 2018 World Cup. Cameron arrived in Zurich yesterday ahead of tomorrow’s decisive ballot and is one of three big names, which also include Prince William and David [...]
Battle is joined for financial literacy January 11, 2011 MY suggestion yesterday that top City firms should back a new educational fund for financial literacy struck a chord with readers. I have been inundated with emails of support, with all sorts of ideas about how to teach children and adults about numbers and how to manage their personal finances. City A.M. will be campaigning [...]
Developed markets should expect inflation January 16, 2011 INTEREST rates may still be at all time lows in the developed world but inflation is the only story in town for much of the emerging world. It will soon be the same story in the West. In 2008, spiralling food prices brought people in Asia, Africa and Latin America onto the streets. Many fear [...]
Bloomberg asks Foster to design its new London HQ at Walbrook Square December 6, 2010 BLOOMBERG, the financial media giant, yesterday said it had reached an agreement with Legal & General for the purchase of the Walbrook Square site to build a new European headquarters located in the heart of the City. Bloomberg will construct two new buildings, one that will contain in excess of 500,000 square feet and one [...]
Legacy boss: ‘Noise’ won’t influence us January 25, 2011 LEGACY chiefs insist they will not be pressured into any decisions over who takes over the numerous Olympic venues after the London 2012 Games. Debate has raged over whether West Ham or Tottenham should move into the stadium, with some of the most powerful men in the sports world fanning the flames. Today bidders are [...]
BP MAKES HEALTH AND SAFETY TOP PRIORITY January 20, 2011 GIVEN BP’s recent misadventures in the Gulf of Mexico – and the subsequent $20bn (£12.6bn) it has sunk into a compensation fund – The Capitalist is relieved to note that safety is top of the agenda for visitors to BP’s offices. Indeed, some may argue that BP has gone rather overboard with its ‘elf ‘n’ [...]
BP MAKES HEALTH AND SAFETY TOP PRIORITY January 20, 2011 GIVEN BP’s recent misadventures in the Gulf of Mexico – and the subsequent $20bn (£12.6bn) it has sunk into a compensation fund – The Capitalist is relieved to note that safety is top of the agenda for visitors to BP’s offices. Indeed, some may argue that BP has gone rather overboard with its ‘elf ‘n’ [...]
What the other papers say this morning February 3, 2011 FINANCIAL TIMES MADEJSKI IN TALKS TO RESTRUCTURE GROUP DEBT Sir John Madejski, the owner of Reading Football Club, is in talks to restructure a loan that backed the expansion of his property empire after the crash in regional property values led to a breach in the covenants of the debt. The wealthy former media magnate’s [...]
Hundreds face axe at O2 as firm shakes up management December 8, 2010 HUNDREDS of jobs are set to be axed at O2 as the firm completes one of its biggest structural shake-ups in recent years, City A.M. has learned. The telecoms giant will start a consultation period in January to determine how many positions will go. The firm will merge its customer sales and customer services departments [...]
City star Balotelli: I’ve never heard of Jack Wilshere December 21, 2010 HE MAY be rated one of the best young players in the world, but Arsenal’s Jack Wilshere has escaped Mario Balotelli’s radar. The £24m Manchester City striker revealed his ignorance of the 18-year-old England midfielder after beating him to the Golden Boy trophy, an award for the best player aged under 20 handed out by [...]