CITY VIEWS: DO YOU THINK BORIS JOHNSON IS THE CHAMPION OF THE CITY? September 3, 2009 GRAEME JONES CITIBANK“He’s a good ambassador for the City. He’s willing to go to Brussels to fight for the biggest industry in the UK, which is the financial sector and he’s doing a good job of it. I believe he has the personality to do it – his charisma isn’t a hindrance.” HANNAH DOBSON SMITH [...]
Tricorona pulls EcoSecurities bid September 3, 2009 Carbon credits firm EcoSecurities said yesterday it was in ongoing talks with another party over a possible takeover offer, after Swedish clean energy project developer Tricorona decided not to proceed with a bid. EcoSecurities continued to recommend that its shareholders take no action in response to an offer from Guanabara Holdings, set up by the [...]
Gold hits a six-month high September 3, 2009 Gold prices rallied yesterday to their highest level since February on strong investment demand. Spot gold hit an intraday peak of $992.55, which marked the highest price since 24 February. Bill O’Neill, managing partner of Logic Advisors, said asset-diversification demand for gold and other precious metals propelled gold’s rally.
Senator wants self-funded SEC September 3, 2009 The US Securities and Exchange Commission (SEC) should fund itself from the fees it charges financial institutions, rather than through funding from Congress, a US senator said yesterday. Democratic senator and senate banking committee member Charles Schumer said: “A major part of the SEC’s problem is that its annual budget is lacking in resources.”
A butcher can help you eat better and cheaper, too September 2, 2009 THEscene at Fulham butcher HG Walter would once have been a familiar one, with the smartly-aproned staff behind its counter, some serving, some wielding fearsome knives at a giant chopping board, reducing great hunks of animal to alluring, perfectly-formed pieces. French-trimmed racks of lamb and veal, chops painted in herby marinades, plump chicken breasts, deep-crimson [...]
Faulks takes aim at London, the City and Dickens September 2, 2009 A WEEK IN DECEMBERBY SEBASTIAN FAULKSHutchinson, £18.99 WITH HIS interest in the historical past and his solid, straightforward prose, Sebastian Faulks is the bard of Middle England. His most famous books – Birdsong, Charlotte Gray et al – are set in the world wars, times sure to interest your middlebrow reader. So he is taking [...]
Heavy-handed FSA ruffling recruiters September 2, 2009 WHEN the chairman of the Financial Services Authority’s chairman, Lord Turner, made comments about taxing bonuses, it was not the first time that the regulator had ruffled feathers in the City. Indeed, recruiters in the Square Mile have been feeling added pressure from the FSA for almost a year now. According to information obtained through [...]
How using currency pairs can help you trade on your attitude to risk September 2, 2009 SINCE the start of the financial crisis, traders’ attitudes to risk have gone up and down almost as regularly and dramatically as their blood pressure. Uncertainty has been one of the major characteristics of the markets. As well as sending traders scuttling to their doctors, it has also meant that there has been an increased [...]
BANKERS AND MINERS ARE IN DEMAND September 2, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKING LIKE all investors, those who use covered warrants will be starting to think about how to position themselves for a potential global upturn. Two sectors in particular have been at the forefront of the market’s summer rally: banking and mining. Given how low banking [...]
Anschutz firm buys website for $25m September 2, 2009 EXAMINER.COM, a media company controlled by US billionaire and O2 owner Philip Anschutz, yesterday bought citizen journalist firm NowPublic in a $25m (£15.3m) deal and told City A.M. it plans to launch its site in the UK in the first quarter of next year. Examiner.com, a citizen journalist site with over 15,000 contributors, has tripled [...]
