£200,000 PLEDGED IN TWO WEEKS December 6, 2011 WE’RE delighted at the huge support for the appeal so far and want to push our fundraising even higher in the next two weeks. To add excitement to your giving, don’t forget to try your hand at City A.M.’s online charity auction. Visit www.cityam.com/auction to bid on exclusive and unmissable gifts for foodies and sports [...]
CHIEF EXECUTIVE, OPPORTUNITY INTERNATIONAL UK, EDWARD FOX December 6, 2011 We know we are currently only serving a fraction of the people who need banking services in Malawi. With 90 per cent of the population unbanked, we have our work cut out trying to reach the parts that other banks don’t. We’ve got 405,000 savers in the country but we’d like to make it a [...]
BoA Merrill Lynch wants little Osborne fallout December 6, 2011 LOSING a star banker is obviously never easy for an investment bank, dependent as it is on a raft of client relationships. But losing a banker amid speculation of a regulatory probe is especially problematic, since the bank is forced to keep a lid on the reasons for the departure until the regulatory issues have [...]
Banks pitch for diamonds IPO December 6, 2011 Several banks pitched yesterday for a role in the forthcoming Hong Kong IPO of the UK high-end jewellery chain Graff Diamonds. The beauty parade was arranged by Rothschild, which is acting as an adviser to the company. One banker said he expected just four banks to be chosen for the process. Graff is expected to [...]
Activists and UBS face off in High Court December 6, 2011 UBS tried to kick out protesters from its disused City office block by sending a text message, the High Court was told yesterday. The Swiss bank also made a series of errors in its late-night legal efforts to remove the Occupy group, and sent the text on the suggestion of the judge handling the case [...]
CITY VIEWS: ARE YOU MORE OR LESS OPTIMISTIC ABOUT THE EUROZONE SOLVING ITS DEBT CRISIS THIS WEEK? December 6, 2011 RYAN LEHMANN | BLOOMBERG “Yes, I’m hopeful, because it looks as if things are moving along and they are under pressure to do something. I think since the expectancy is there, that it will be solved.” DEEPAK ARORA | FOX WILLIAMS “They have had so many meetings where nothing was solved, that I am not [...]
Job firm warns on profit December 6, 2011 RECRUITMENT consultant Michael Page yesterday warned of falling profits for the second time this year, blaming the worsening Eurozone crisis for a spate of employers and jobhunters abandoning their plans to hire or change jobs. Shares in the global recruitment group slumped more than ten per cent in early trading and closed 5.2 per cent [...]
High street has its worst sales growth since May December 6, 2011 SALES on the British high street dwindled to their lowest level of annual growth since May last month, despite retailers slashing prices to try and drum up a pre-Christmas rush. Figures from the British Retail Consortium showed that like-for-like sales volumes were 1.6 per cent lower than a year ago in November, though total sales [...]
OECD: tax more to cut inequality December 6, 2011 Inequality in the UK rose more quickly than in any other member country of the Organisation for Economic Cooperation and Development (OECD) from 1975 to the present day, the group revealed in a report published yesterday. The highest-earning 10 per cent earn an average of 12 times more than the lowest ten per cent, according [...]
Gilbert’s fear over Bank’s gloomy view December 6, 2011 THE BANK of England’s downbeat view risks dragging Britain back into recession, the head of Aberdeen Asset Management has warned. Martin Gilbert, the chief executive of Aberdeen – which posted a sharp exodus of funds in the run-up to its year-end – said Sir Mervyn King’s attitude could hit the economy in 2012. Last week King [...]
