London Mayoral Election: Zac Goldsmith presses for cuts to tax and red tape April 11, 2016 Zac Goldsmith is pledging to support further cuts to corporation tax if he becomes mayor of London today as the Richmond Park MP launches his mayoral manifesto. The Conservative candidate for mayor will also seek to set himself apart from Labour’s Sadiq Khan by championing deregulation of the City and encouraging less red tape for start-ups. [...]
MPs’ fury at David Cameron Liaison Committee snub ahead of EU referendum April 10, 2016 Prime Minister David Cameron has been accused of ignoring a “clear and unambiguous case” for him to attend a hearing with Parliament’s senior committee on the EU referendum. The chair of the Liaison Committee – comprised of the chairs of Parliament’s select committees – made the claim in a letter written to Cameron. Andrew Tyrie, [...]
Bondholders in Austrian ‘bad bank’ Heta hit by significant haircut April 10, 2016 Creditors in Austrian “bad bank” Heta Asset Resolution will receive less than half of their money back according to the country’s financial regulator, the FMA. An FMA statement outlined that senior bondholders could expect to receive at least 46c/€ which would be paid from the realisation of assets by 2020 – and said that this [...]
Panama Papers: Prime Minister David Cameron accused by Labour of hypocrisy after he confirms he did have a stake in his father’s offshore trust April 8, 2016 Prime Minister David Cameron has been accused of hypocrisy by Labour after he confirmed that he had a stake in his father's offshore trust. Questions had been raised over his links to the huge data leak from a Panamanian law firm last weekend. Cameron's late father Ian Cameron was among the thousands of names contained [...]
City A.M. Unregulated: Episode 1 – Panama Papers, Pfizer and Allergan, and London vs New York April 8, 2016 Unlicensed and off-the-leash, this is City A.M. Unregulated. A no-holds-barred, uncensored look at the stories breaking the news and the markets across the globe. In the first episode, presenters Zak Mir and Emma Haslett talk about the Panama Papers' 1930s roots, look at what the collapse of Pfizer's deal with Allergan means for big pharma – [...]
Marks & Spencers has released another set of disappointing numbers – is the new boss the same as the old boss? April 8, 2016 So here we are again. Marks & Spencer has put out another set of dismal results, marking the 17th quarter of clothing sales declines out of 18 at what is the nation’s defining retailer. The story was similar to so many that we’ve heard before: general merchandise was a disappointment (although admittedly, the 2.7 per cent [...]
City Moves for 8 April 2016 | Who’s switching jobs April 8, 2016 Acadian Asset Management Acadian Asset Management (UK) the London based subsidiary of Acadian Asset Management LLC, the specialist quantitative active global equity investor headquartered in Boston, has announced the appointment of Ian Shea as director of Middle East sales and client service. Ian will be based in Acadian’s London office, and joins Acadian from bfinance, [...]
EU referendum: City of London Corporation chief in Brexit warning to the capital’s fintech sector April 8, 2016 London's multi-billion pound fintech sector is being urged by the City of London Corporation to speak up in favour of Britain staying in the European Union. In a speech to be delivered on Monday, the Corporation's policy chairman Mark Boleat will say: “It is far better to have ‘entrepreneurs for Europe’ than ‘bankers for Brussels’ [...]
City Moves for 7 April 2016 | Who’s switching jobs April 7, 2016 White & Case Lindsey Canning has joined global law firm White & Case LLP as a partner in its global intellectual property practice, in London. She will work closely with the global mergers & acquisitions practice, advising clients on intellectual property and technology matters. Lindsey, who joins from Freshfields, has extensive experience advising clients on [...]
As the London Mayoral election looms, it’s time for Zac Goldsmith and Sadiq Khan to think big on housing April 7, 2016 With just under a month to go until London votes for a new Mayor, and less than a week until City A.M. hosts a packed-out hustings between the two main candidates, one familiar issue has raised its rather ugly head – the soaring cost of living in our capital. Some housing market analysts believe that government [...]
