CITY VIEWS: WILL WE SEE MORE VIOLENCE AT PROTESTS AGAINST THE CUTS? November 11, 2010 GARY FRICKER | ELECTRICAL CONTRACTORS INSURANCE “It’s an absolute shame that instead of talking about tuition fees, we’re all talking about the violence yesterday. I think everybody’s angry and we will see a lot more from all those who have lost out in the cuts.” ODETTE MEDDEMMEN | RAB INTERNATIONAL “I was shocked by the [...]
Investing in property in the UK Silicon Valley November 11, 2010 HAVE you ever looked at Canary Wharf’s riverside properties and wished you had bought one when Thatcher first hatched her plan to turn it into a business hub? Back when nobody realised how lucrative it would become? Well David Cameron’s call for a British Silicon Valley stretching from Shoreditch to the Olympic Park could be [...]
Alan Johnson in mea culpa November 11, 2010 Alan Johnson, the shadow chancellor, yesterday begun the long march to regaining the Labour party’s economic credibility as he admitted the previous government had made several mistakes. He rejected claims of “profligacy” but said Labour had become too reliant on tax receipts from the City, and had failed to recognise they would vanish in the [...]
Cisco dives on weak outlook November 11, 2010 Technology bellwether Cisco Systems plunged 16.2 per cent to $20.52 in frenzied trading yesterday, a day after a gloomy revenue outlook left investors jittery, and some brokerages downgraded the stock. More than $23.5bn was eroded from the company’s market cap with about 200m shares changing hands in 30 minutes of trading, four times their 50-day [...]
FOCUS ON: EAST LONDON BY DONATA HUGGINS November 11, 2010 THE GAMBLE TRADEWINDS, E16 Price: £319,950 If you’ve decided that investing in the British Silicon Valley is worth the risk, properties such as Tradewinds in Wards Wharf Approach are the type of place you should be looking for. The property is situated on the Thames side, close to the Thames Barrier. The apartment featured (right) [...]
CITY PAYS ITS DEEPEST RESPECTS TO BRITAIN’S FALLEN WAR HEROES November 11, 2010 SILENCE blanketed the City of London yesterday at 11am, to mark the anniversary of Armistice Day, the end of the First World War. The largest remembrance ceremony took place at Lloyd’s of London, where 5,000 members of the insurance market gathered on the trading floor to watch on as their chairman Lord Levene and Lord [...]
Ruling the theatre roost November 11, 2010 OF all the areas you might expect a canny private equity firm to invest serious bucks, the theatre business – with its reputation for volatile actors and directors, no less volatile audiences, and millions poured into shows that can fold almost immediately – might not be top of the list. However, London firm Exponent has [...]
A Wilde ride of political ups and downs November 11, 2010 An ideal husband Vaudeville Theatre NICK Clegg could feel a shiver of recognition in An Ideal Husband. In Oscar Wilde’s political comedy, Sir Robert Chiltern (Alexander Hanson) has fairly effortlessly risen through the ranks of Parliament to become Under-Secretary for Foreign Affairs. Halfway through the first scene he is coerced into agreeing to recommend a [...]
EU parliament votes for new hedgie rules November 11, 2010 CONTROVERSIAL new rules to regulate the hedge funds, private equity houses and other alternative funds were overwhelmingly backed by the European Parliament yesterday. After months of wrangling, which saw hedge fund-friendly states like the UK extract major concessions, the parliament backed the rules by 513 votes to 92 with 3 abstensions. London hedge fund managers [...]
Deutsche Postbank moves into profit November 11, 2010 BONN-based retail lender Deutsche Postbank unveiled a dramatic recovery in its third-quarter results yesterday, with pre-tax profit moving from a €29m (£24.5m) loss to a €71m gain. The bank is 41 per cent owned by Deutsche Bank. Nine-month earnings per share were up 25 per cent to €1 and the bank posted an improved tier [...]
