Schu: Don’t write me off yet April 15, 2010 MICHAEL SCHUMACHER insists he can still challenge for an eighth World Championship title despite a stuttering start to his comeback season. The 41-year-old has come out of a three-year retirement to return to Formula One this year, but his Mercedes has been off the pace in the opening three races of the season. Schumacher began [...]
CITY BOSS DRUMMING UP SUPPORT FOR TALENTED POLE-DANCING WIFE June 3, 2010 FANS of ITV’s Britain’s Got Talent, which has whipped up millions of Britons into a frenzy yet again ahead of this weekend’s final, will be surprised to know that one of the City’s own has a claim to fame via the show. Those who’ve been following the series may remember Alesia Vasmitzel, the scantily-clad blonde [...]
LISTED PRODUCT NEWS May 5, 2010 DB X-TRACKERS LAUNCHES S&P 500 ETF Deutsche Bank’s exchange-traded fund (ETF) arm db x-trackers announced on Monday the launch of its new S&P 500 Index ETF, which is UCITS III compliant. The fund will be listed on various European and Asian stock exchanges from the middle of this month but institutional investors can trade the [...]
BUFFETT PULLS OUT ALL THE STOPS BY CAVORTING WITH HOUSEWIVES May 3, 2010 WARREN Buffett has been a well-recognised face over in the States for what seems like forever, but the old man certainly hasn’t lost his star appeal yet. Buffett’s no stranger to popular culture – he’s even made cameo appearances before in US soap opera All My Children (when he came to the rescue of one [...]
Generating cash from caring April 29, 2010 IT’S NOT often that an entrepreneur comes up with a multi-million pound idea while out with his elderly aunts looking at care homes around the south of England. But that is what happened to ex-advertising whiz Mike Parsons. That was back in 1988. The dismal state of the care homes that he visited sparked an [...]
Prudential bid like a forced marriage, says Asia analyst April 18, 2010 ONE of the largest brokerage firms working in Asia has launched a scathing attack on Prudential’s planned acquisition of AIA. A CLSA note obtained by City A.M. likened Prudential’s $35.5bn (£22.8bn) bid for AIG’s Asian business to “parents forcing their daughter to marry someone she doesn’t like for money.” The 11-page attack, penned by Patricia [...]
Your chance to have your say on the Budget March 22, 2010 TO have your say on tomorrow’s Budget, apply to join our panel at www.cityam.com/panel before 12pm today. All existing panelists will receive an email this morning QUESTIONS 1) A 50p rate of tax on those earning over £150,000 pa and a rise in national insurance will shortly come into effect. Do you think that Alistair Darling [...]
Brown: digital Britain could save UK billions March 22, 2010 PRIME MINister Gordon Brown yesterday claimed he could save billions in public spending through new technology. Outlining his vision for the UK’s digital future, he said Labour would introduce a new MyGov website from which people could manage various aspects of their life, including pensions, tax payments, healthcare and education. He said the ambitious project [...]
Media stocks are starting to look very cheap February 11, 2010 A COMMON joke in media circles is that anyone with a pound burning a hole in their pocket can become a newspaper proprietor. Russian tycoon Alexander Lebedev picked up the Evening Standard for £1, while it is said that some buyers offered just $1 for BusinessWeek (Bloomberg eventually paid $5m). Of course, these publications were [...]
NEWSPAPER VETERAN APPROACHES GUARDIAN WITH A HEAVY HAND March 24, 2010 HEATED words in the media world yesterday after Carolyn McCall’s abrupt defection from the helm of Guardian Media Group to easyJet. Some say McCall won’t be too sorely missed by her former charges at the Guardian, given the messy state of the group’s finances and her recent controversial decision to sell the Manchester Evening News. [...]