SAYING it with Flowers has just assumed an entirely new meaning.
Well that didn’t last long.
"PLAN A is dead, long live Plan A", was the phrase uttered by one Co-operative Group adviser as the details of its revised restructuring emerged on Monday morning.
IT has been a poor week for the UK’s quoted tobacco companies.
IT’S NOT hard to identify the biggest of the elephantine threats to Royal Mail’s imminent stock market listing, which heralds the most contentious privatisation since the 1980s.
IT’S hardly on the scale of Royal Bank of Scotland, but Tesco’s retrenchment from the empire-building of Sir Terry Leahy means it will soon struggle to describe itself using the adjective “global”.
IT is not easy to overlook the villainy of the banks and credit card issuers which sold superfluous insurance policies to millions of consumers through the York-based company CPP.
LORD Davies, the former trade minister and one of the City’s most distinguished bankers, is not a man who gives up easily.
AND then there was one.
UNLIKE Britain’s glorious sporting summer (at least until England started batting at Trent Bridge yesterday), there was a distinctly anti-climactic feeling when John Kay published his inquiry into short-termism in Britain’s equity markets last yea
AS AN oilman, Todd Kozel, the boss of Gulf Keystone Petroleum, knows a thing or two about extracting things that are buried far from view.
FRED Goodwin famously complained that he had been the victim of a “drive-by shooting” when he was ousted as the boss of Royal Bank of Scotland (RBS) in 2008.
THE language was pitched to suggest an amicable parting of the ways. John Thornton, the former Goldman Sachs partner, simply did not have enough time to fulfil his obligations as chairman of the remuneration committee of a global megabank.
EVERY little helps.” Tesco’s ubiquitous advertising slogan would serve as an equally useful mandate from banking regulators as they seek to augment the capital and liquidity bases of the UK’s big lenders.
IT HAS been easy to become blasé about the scale of the red ink splashed across banks’ balance sheets since the financial crisis.
ACCOUNTANTS aren’t supposed to be this interesting. After the regurgitated controversy surrounding KPMG’s auditing of HBOS, the bust mortgage lender, a meaty row is brewing between the profession’s leading industry body and its regulator.
STEPHEN Hester is not widely known for his sense of irony, so it was with particular acerbity that he stood in front of 300 Royal Bank of Scotland (RBS) colleagues last month, glass in hand, to propose an impromptu toast.
DIVIDEND cuts, management turmoil and rewards-for-failure: there isn’t much that Aviva has done in recent years to win the acclaim of the City.
AFTER the fiasco of last year’s pasty tax Budget, George Osborne can ill-afford a repeat performance when he steps up to the despatch box on 20 March.
BANKS, ratings agencies, now auditors: the firing line of financial sub-industries being dragged kicking and screaming into a post-crisis world continues to lengthen.
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.
ARROGANT, indolent, avaricious – and these are some of the politer adjectives applied to investment bankers and private equity firms during their ongoing stand-off with City fund managers.
THIS was no ordinary trading statement.
SUPERMARKET own-label ranges, package holidays and ... City lobbying groups? Punters’ desire for value-for-money appears to be stretching further than ever in gloomy economic times.
FROM the forthcoming report of the Parliamentary Commission on Banking Standards to a possible resignation letter from Paul Tucker: Mark Carney has an unenviable reading list before he sets foot in Threadneedle Street as the new Governor of the Ba