Going West: London welcomes a new FX brokerage October 13, 2013 Annabel Palmer meets the founders of Monex Capital, who are targeting tech savvy traders DESPITE the Asian Development Bank lowering its growth forecasts for emerging nations in the region earlier this month, European brokers are launching Asian-based subsidiaries in droves (forex and commodities brokerage MIG Bank, for example, opened a Hong Kong arm this year). [...]
Lehman crisis should have changed the world more than it did September 15, 2013 FIVE years ago, like every Sunday night, I was in the City A.M. newsroom, supervising the production of the newspaper. Traditionally, Sundays are a quieter day for business news: while there’s always lots to write about, there are few on-diary corporate announcements. Not that Sunday. It was the most manic day any business journalist can [...]
Miliband’s lurch to left is a recipe for disaster September 25, 2013 WE NOW know what Labour’s strategy to win the next election will be: shift to the left, bash business, stoke envy and jealousy, attack the City and come up with a raft of populist policies. It might even work. New Labour is well and truly over, an experiment now deemed an obsolete, almost shameful failure [...]
Miliband’s lurch to left is a recipe for disaster September 24, 2013 WE NOW know what Labour’s strategy to win the next election will be: shift to the left, bash business, stoke envy and jealousy, attack the City and come up with a raft of populist policies. It might even work. New Labour is well and truly over, an experiment now deemed an obsolete, almost shameful failure [...]
Barratt signs £250m Croydon deal August 20, 2012 Housebuilder Barratt Developments announced yesterday it has exchanged contracts with Greater London Authority for a £250m redevelopment on Cane Hill in Croydon. Proposals for the 83 hectare former hospital site – the size of 100 football pitches – include 650 homes of which 163 will be affordable, as well as 70,000 square feet of office, [...]
Google’s awful day reminds us it is becoming less special October 18, 2012 YESTERDAY was a terrible day for Google, a firm used to success. Its slump in profits came as a shock to the markets. It shouldn’t have: the company is merely becoming more normal, especially following its decision to overpay for Motorola, and normal firms don’t do as well as revolutionary, super-smart start-ups. As proof of [...]
Google’s awful day reminds us it is becoming less special October 18, 2012 YESTERDAY was a terrible day for Google, a firm used to success. Its slump in profits came as a shock to the markets. It shouldn’t have: the company is merely becoming more normal, especially following its decision to overpay for Motorola, and normal firms don’t do as well as revolutionary, super-smart start-ups. As proof of [...]
Your first move onto the property ladder September 9, 2012 UK HOUSE prices saw their biggest fall for a year in the three months to July 2012, according to the Royal Institution of Chartered Surveyors (Rics). But the capital is bucking the trend. London property prices grew by 6.5 per cent over the last year, according to last quarter’s Greater London Authority London Housing Market [...]
Osborne does the wrong thing while Hourican takes the fall February 6, 2013 DEPUTY heads must roll. It’s impossible to decrypt yesterday’s Libor-rigging settlement between Royal Bank of Scotland (RBS) and regulators in the UK and US without being reminded of that immortal phrase. John Hourican, who will step down as the boss of RBS’s investment bank at the end of April, is entitled to feel hard done [...]
Daft planning rules are pushing up the price of food in shops January 8, 2013 IF you travelled abroad over Christmas, you will have noticed that goods in shops are often cheaper than in the UK. A uSwitch survey cited by the Institute of Economic Affairs shows that a food basket costs roughly a fifth more in the UK than it does in Germany, France and the Netherlands. Once again, [...]