Allianz manager reveals true cost of IPO paper bulge – 37 pine trees so far this year August 11, 2014 The flurry of IPOs this year has caused many to marvel at the resurgence of the listings market, but one Allianz fund manager has been bamboozled by something more obscure – the sheer amount of paper wasted by IPO research reports. “My colleague Matt Hall has kept copies of all the IPO research reports [...]
Where Canary Wharf’s daredevil base jumpers would like to leap from next August 11, 2014 Back in late July, two men walked into the busy Attic Bar, on the 48th floor of Canary Wharf’s Pan Peninsula skyscraper in London, made their way out to the balcony…and jumped off – leaving witnesses screaming and dumbfounded. The pair are base jumpers, both deploying parachutes soon after they leapt from the [...]
David Cooney: Three things you didn’t know about MahiFX and MFX Compass’ CEO August 11, 2014 1 He has a commercial helicopter pilot licence and was the first person in his native New Zealand to own a Guimbal Cabri G2 two-seater chopper. 2 While studying for his law degree he applied to the air force (“having watched Top Gun for the 13th time”). When the recruiter asked him to describe [...]
Economist exposes shocking VAT inequality: “20 per cent on potato crisps; zero on tortilla chips!” August 11, 2014 Andrew Sentance has got a bee in his bonnet. It’s the height of summer, garden parties are rife and the former Bank of England interest rate-setter has noticed a vast inequality, which hampers his enjoyment of said merriment. The VAT on party snacks. “20 per cent VAT on potato crisps; zero on tortilla chips! Ripe [...]
JP Morgan RideLondon pair face Bertha in tandem cycle August 10, 2014 Cycling 100 miles is hard. Cycling it on a tandem bike is even harder. But you know it will be a challenge when you’re also doing it in the tail end of hurricane Bertha – just ask Tom Richards and Dan Willis, the JP Morgan employees who completed RideLondon in aid of Whizz-Kidz yesterday on [...]
Nat Rothschild faces the Wilderness at Poshstock festival August 10, 2014 Nice to see Nat Rothschild hasn’t lost all of his wild side – the financial scion enjoyed a weekend at Wilderness festival, the Oxfordshire-based event dubbed Poshstock by certain red tops and frequented by the likes of Mark Carney and Prudential boss Tidjane Thiam (who both went along last year). Rothschild tweeted from [...]
North Pole winter floods into summer for this City veteran August 8, 2014 It’s silly season in the City as its workers jet off to hotter climes – Ibiza, Tuscany and the South of France are destinations The Capitalist has heard time and time again. But Winterflood Securities’ founder Brian Winterflood had different ideas this summer. He’s just back from the North Pole. “It was on my bucket [...]
Ribbon cut on Dixons Carphone merger by chief Seb James August 8, 2014 Dixons Carphone chief exec Seb James and his deputy Andrew Harrison cut the ribbon on their £3.8bn mega-merger yesterday, visiting most of the seven newly branded stores with a pair of scissors. “It was quite an early start, we’ve been running around all day trying to make it to all of the stores,” James told [...]
Obama haunted by Delphi Automotive UK address move tax-loop trick August 6, 2014 When Barack Obama helped Delphi Automotive to stay afloat in 2009 by conducting a cunning tax trick, he must have known it would come back to bite him in the ass at some point – and sure enough, it looks like it just has. The Obama administration is on the war path, blasting US companies [...]
Skyzophrenia: Crispin Odey in two minds about the BSkyB and and Sky Deutschland deal August 6, 2014 Odey Asset Management founder Crispin Odey has found himself in an awkward position, one which could well leave him falling out with, er, himself. Odey is a shareholder in both BSkyB and Sky Deutschland. By his own admission, he is for BSkyB’s acquisition of Sky Deutschland when he has his BSkyB hat on, but when [...]
