Gender is still a barrier to jobs June 10, 2012 FINANCIAL services firms are making more effort than ever before to promote gender diversity, yet two thirds of women working in financial services still say their gender makes it harder for them to succeed, new research reveals. The annual Women in Finance survey from Financial News, published today, shows that of the 650 women questioned, [...]
Why a bit of risk-free investing can soothe the soul June 10, 2012 BEING a business journalist for CNBC has upsides and downsides. Every day we get to speak to the biggest players in the global markets. The access we get to the likes of George Soros, Mohamed El Erian and Warren Buffett is amazing – yet being surrounded by millionaire, nay billionaire, guests can make you feel [...]
Plans unveiled for revival of Midtown area June 10, 2012 MAJOR BUSINESSES and political figures will meet tomorrow to discuss plans to rejuvenate London’s Midtown, an area wedged between the City and the West End, and drive investment over the next five years. Inmidtown, the business improvement district with authority over the area, will showcase a new framework aimed at restoring it as a commercial [...]
Top French app opens a newsstand in Britain June 10, 2012 A SHIPMENT of magazines hits the virtual shelves of Britain today as French newsstand app Lekiosk crosses the Channel. The digital magazine app allows users to browse titles on a rotating 3D-rendered newsstand and buy either individual publications or subscribe to a monthly bundle. The highest grossing iPad app in France enters the UK with [...]
Subway heats up fight to toast the pasty tax June 10, 2012 SANDWICH chain Subway has launched a campaign to fight the chancellor’s decision to leave a new tax on hot sandwiches even after he scrapped it on pasties and hot pies. The company, which franchises outlets, thinks the new tax is unfair and will harm its business. Trevor Haynes, area development manager for Subway UK & [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS June 10, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 24 May to Wednesday 7 June. Omega, the official timekeeper of London 2012, aired its [...]
CITY MOVES WHO’S SWITCHING JOBS June 10, 2012 Vestra Wealth Management David Campbell (right) has been appointed managing partner at the London and Jersey-based wealth management firm. He was most recently at Deutsche Bank, where he ran its UK private wealth management division. Campbell also served as managing director and head of fixed income at both JP Morgan and Deutsche Bank. M&G Investments [...]
BEST of the BROKERS June 10, 2012 J SAINSBURY Shore Capital rates the retailer “hold” with a target price of 288p ahead of the firm’s first quarter trading statement on Wednesday. The update will provide the first glimpse of how the big supermarkets fared during the Diamond Jubilee, and the broker suggests that the wet weather could have dampened the expected sales [...]
LONDON REPORT June 10, 2012 THE week starts with a quarterly trading statement from grocer Tesco, which is expected to report a fall in earnings because of tough economic conditions and fierce competition. Tomorrow will see the release of the UK’s latest industrial production and manufacturing data, plus a speech from Paul Tucker, deputy governor of the Bank of England. [...]
WALL ST THE WEEK AHEAD June 10, 2012 US stocks will get a lift today after Eurozone finance ministers agreed to lend Spain up to €100bn (£80.8bn) to help its battered banks. The surprisingly large amount of aid removes a huge cloud that has been hanging over financial markets, with investors fearing that a banking crisis in the Eurozone’s fourth-largest economy could have [...]
