WINNERS & LOSERS October 31, 2010 WHO swam and who sank? City A.M sorts the champs from the chumps. WINNER RICHARD HUGHES With six days left of the jockeys’ championship Hughes is doing his best to make it a nailbiter. The Irishman cut Paul Hanagan’s lead to just three wins after earning two victories at Lingfield yesterday. LOSER JAMES GRAHAM England’s [...]
GORE BLIMEY: Frank stars in 49ers victory October 31, 2010 A FOURTH quarter blitz saw the San Francisco 49ers beat the Denver Broncos 24-16 in front of over 80,00 fans at Wembley. The game sprang to life in the final period as 49ers quarterback Troy Smith ran in for a touchdown and completed a 28-yard score to Michael Crabtree. Frank Gore (above) bundled over the [...]
Celebrating the best of the City October 28, 2010 Mayor of London Boris Johnson snapped up the most prestigious gong at CityA.M.’s inaugural awards ceremony last night. A panel of judges, made up of some of the most influential members of the Square Mile’s financial community, voted unanimously for Johnson to be personality of the year, saying that he was a “wild personality” and [...]
RBS appoints sale advisers October 28, 2010 GOLDMAN Sachs and Morgan Stanley will decide the fate of Royal Bank of Scotland-owned (RBS) Churchill, Direct Line and Green Flag. RBS has been ordered to sell the insurance arm as part of the fallout of the financial crisis, which saw the government take an 83 per cent stake in the bank. Yesterday RBS announced [...]
It’s not all doom and gloom in the City October 28, 2010 IT is important, every so often, to focus on what is going right, rather than on what is going wrong, and on hope, optimism and success rather than failure and misery. That was one of the reasons for City A.M.’s inaugural awards last night, where we celebrated the best and brightest firms and individuals that [...]
Flight taxes set to double October 28, 2010 THE cost of air travel will jump by up to 55 per cent from Monday when the government increases air passenger duty. The tax will rise by a third to £60 per person for economy flights to the US, it emerged yesterday, while taxes on flights to Asia and Australia will increase by 55 per [...]
Tyrie warns banks over hasty exits October 28, 2010 THE chairman of the influential Treasury Select Committee yesterday warned UK banks against making a sudden move offshore, after City A.M. revealed Barclays was weighing up the cost of quitting the UK. “My thought should be to say that the global commercial environment for financial services and banking is likely to remain unclear for some [...]
Apax to sell Hit Entertainment October 28, 2010 Venture capital firm Apax Partners is preparing to sell its stake in the children’s media company behind Thomas the Tank Engine and Bob the Builder, while it also undergoes another shake up of senior management. The firm has received a number of expressions of interest for Hit Entertainment from a range of US groups including [...]
Anglo Irish won’t meet investors October 28, 2010 Anglo Irish Bank has refused to meet its rebel bondholders despite a threat from one group which holds a stake big enough to stall parts of a €2bn (£1.75bn) debt exchange offered by the bank. Alan Dukes, chairman of Anglo Irish, reiterated the bank’s take-it-or-leave-it stance yesterday after several investors threatened to vote against the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 28, 2010 FINANCIAL TIMES TOKYO HIT BY CLAIMS OF INSIDER TRADING Japan’s financial regulator and the Tokyo Stock Exchange are investigating recent trading activity following allegations of widespread insider trading ahead of new share issues by Japanese companies. Regulators are examining possible insider trading involving recent share issues where short selling activity increased substantially in the run-up [...]
