CITY VIEWS: DO YOU THINK THE PROPOSED CLAMP DOWN ON BONUSES IS IN DANGER OF GOING TOO FAR? October 1, 2009 NIRANJAN GIVANE OCBC BANK“I think that it’s the right move for the current time. Bonuses should be awarded for long-term performance, and I think this latest action is going in the right direction for the City. The people who are below the very top tier aren’t rewarded in the same way.”DES MORAN ROYAL BANK OF [...]
City Moves for 2 October 2009 | Who’s switching jobs October 1, 2009 Clydesdale BankThe bank, part of the National Australia Bank group, has appointed John Holm as a director in its corporate and structured finance team in London. Holm was previously director of insurance in Europe for National Australia Bank. He has also spent over 30 years working at the Royal Bank of Scotland, latterly in the [...]
Legal &General buyout talk continues to dominate FTSE October 1, 2009 TALK that blue chip insurer Legal & General is to be a target for Clive Cowdery’s Resolution buyout vehicle continued yesterday. Traders were saying that L&Ghas already been approached by Cowdery, despite the fact his buyout vehicle is currently in a closed period ahead of its merger with rival insurer Friends Provident. But City A.M. [...]
THE LONDON REPORT September 29, 2009 THE FTSE 100 closed marginally lower yesterday as buoyant financials struggled against disappointing US data, falls from miners and Vodafone. The index closed 5.98 points, or 0.1 per cent, lower at 5,159.72, after a choppy day of trading, having ended Monday’s session 1.6 per cent firmer. Miners were among the biggest laggards, with investors plagued [...]
THE LONDON REPORT September 28, 2009 BRITAIN’S leading stock index closed 1.6 per cent higher yesterday, with heavyweight banks, miners and energy stocks reversing early losses, helped by a strong opening for the US market. The FTSE 100 rose 83.5 points, or 1.6 per cent, to close at 5,165.70, after rising 0.1 per cent on Friday. “It wasn’t until the US [...]
Linklaters’ Mr Tough Guy on why the next two months are key for the City September 28, 2009 THE legal profession might be going through one of its biggest slumps in a decade – but you would not know that looking at Linklaters’ senior partner David Cheyne. A small, dapper man, he is relaxed and all smiles as he sits in a tastefully furnished ground floor meeting room at the firm’s Silk Street [...]
THE LONDON REPORT September 24, 2009 BRITAIN’S leading share index lost 1.2 per cent yesterday as a weak US housing report and cautious comments from the Bank of England governor raised investor concern over the pace of economic recovery. At the close, the FTSE 100 was 60.10 points lower at 5,079.27, finishing below the 5,100 level for the first time in [...]
THE LONDON REPORT September 23, 2009 THE leading share index closed lower yesterday as falling commodity prices stung oil firms and miners while investors stayed cautious ahead of the conclusion of a US Federal Reserve policy meeting. The FTSE 100 ended 0.1 per cent, or 3.23 points, lower at 5,139.37, erasing gains from earlier in the session as shares on Wall [...]
THE LONDON REPORT September 22, 2009 BRITAIN’S top share index edged higher yesterday as miners and oil stocks buoyed by firmer commodity prices lent support, though with investors nervous before the group of 20 leaders’ meeting at the end of the week. The FTSE 100 closed 8.24 points, or 0.2 per cent, higher at 5,142.60, after ending Monday’s session 0.7 per [...]
Bank on Green’s for top-notch nosh September 21, 2009 Green’s Restaurant and Oyster Bar14 Cornhill, London, EC3V 3NDTel: 020 7220 6300FOODSERVICEATMOSPHERECost per person without wine: £35 THERE are precious few dinings rooms in the City with the “cor blimey” factor, so the news that a new restaurant was opening in the old Lloyds Banking Hall set us nodding like the dog on the Churchill [...]