John Griffith-Jones, the chairman of the FCA, said last night that the regulator’s botched briefing to one media organisation, which went disastrously wrong and resulted in causing mayhem on the stock market last March, was well-intended.
By the time the last of the chocolates have been foraged from the Advent Calendar, or thereabouts, WPP, the giant advertising group run by Sir Martin Sorrell, will very likely have chosen a new chair for the company’s board.
George Osborne is the consummate tactician. With 153 days to go to the election, there’s only one thing on his mind, and that’s how to breeze past opposition parties on the journey back to Downing Street. And who can blame him?
This week, one American seasonal tradition is on everyone’s lips: Black Friday. Today is the day when US retailers kick off the pre-Christmas rush with a slew of discounts, and their finances are said to move back into the black as a result.
WHAM! Pow! There’s been a comic book intensity to the battle of business this week, with transport app Uber drawn as the villain after unscripted swings at journalists it felt had the disruptive tech firm in their sights.
Those hoping the resurrection of the Virgin Money flotation might lead London’s initial public offering (IPO) markets into an end-of-year revival should take a read of yesterday’s statement from Stock Spirits Group, the Polish vodka maker that flo
Who would want to be a bank director in London these days? Not Alan Thomson, a member of the audit and risk committee at HSBC Bank who, according to fellow columnist Mark Kleinman, has tendered his resignation.
When I put it to one left-leaning businessman yesterday the notion that the former postman Alan Johnson might stand against Ed Miliband as Labour leader, he responded: “That would be lovely.” Some of Labour’s business supporters are running out o
City A.M. will be 10 years old next year and until now it has had just two editors. Yesterday it got its third with my elevation to that role, with Marc Sidwell working alongside me as executive editor across all the company’s platforms.
ONE of Karl Marx’s big theories was that capitalism had an inherent tendency towards monopoly and would thus self-destroy. The idea remains widely held, and is one reason countries operate stringent anti-trust regulations.
BRITAIN’S jobs market is continuing to defy gravity. The latest figures are stunningly good, with employment moving ever-closer to its all-time high as a share of the workforce and the number of jobs in the economy hitting another record.
SHORT of embracing quantitative easing, the European Central Bank has now done everything it can to try to loosen conditions in the Eurozone. But by no stretch of the imagination could yesterday’s actions be deemed radical.
THERE were two reactions to yesterday’s Queen Speech: critics dismissed it as lightweight in the extreme, a collection of reheated policies seasoned with a little trivia; supporters celebrated a government that understands that passing fewer laws
MORE evidence that high and punitive tax rates are bad for tax receipts. An official report from the French audit office makes damning reading for all those who believe in hammering taxpayers to pay for their pet projects.
MUDDLED thinking is the enemy of sound judgement and sensible decision-making. Sadly, the current discussion about inequality is especially confused, with terms and concepts used loosely, making it impossible to conduct a sensible debate.
COMPARE and contrast: when Nigel Farage balanced a pint of beer on his head yesterday, the stunt was seen as another PR triumph reinforcing his carefully constructed image as a happy go lucky, popular hero thumbing his nose at establishment conven
SO the great crackdown on mortgages has started. With the Bank of England’s monetary policy committee uninterested in hiking interest rates, the only solution to contain house prices, sadly, is to ration credit.
WE all know that London emerged from the crisis remarkably unscathed. But few realise just how well our great city has performed over the past 15 years, and how we have grown faster than almost all comparable metropolises since the recession.