BILL OF THE WEEK February 7, 2010 OFF to the Covent Garden branch of cheery Japanese joint Hi Sushi this week, as our diners celebrated a big deal in understated style. They ordered bottle after bottle of Laurent Perrier champagne to go with a selection of dishes specially prepared to complement the bubbly. Healthy salmon carpaccio, seabass and tuna sashimi, caviar, black [...]
FOOTBALL FUND LAUNCHES OUT TO CHAMPION THE BEAUTIFUL GAME February 7, 2010 GIVEN the City’s penchant for all things football-related, it’s something of a miracle that the new London Nominees Football Fund has managed to keep its launch virtually entirely under wraps – particularly as it’s got some of the beautiful game’s best known names on board. The fund officially launched at the beginning of the month, [...]
Steady does it as Lloyd’s of London reveals review February 7, 2010 LLOYD’S of London, the insurance and reinsurance market, will publish plans to strengthen its ties with insurance brokers today as it gears up for a profitable reporting season. In a sweeping strategic review, Lloyd’s will salute its members’ resilience in the face of the financial crisis and remark that its subscription-based model has held up [...]
Nostalgic savers fail to plan February 7, 2010 Standard Life has found 28 to 40 year olds who grew up in the nineties and noughties, decades dominated by nostalgia, are likely to be so fascinated by the past that they fail to plan for the future they expect. According to its “Re-Run Generation” report, two thirds expect to live until their 70s and [...]
Carbon market branded a failure February 7, 2010 The Environmental Audit Committee has claimed the EU Carbon Market is failing green investment, and called on the government for a minimum price for carbon. Richard Gledhill of advisers PricewaterhouseCoopers said the committee’s recommendations were ambitious, but warned that many of the really important issues could not be decided by the UK alone.
Bank’s report likely to show inflation on up February 7, 2010 THE revival in economic growth will take longer while the pace of inflation is likely to accelerate further in the coming months. That, at least, is what economists expect from the Bank of England’s quarterly inflation report on Wednesday, when the central bank will issue fresh growth and inflation projections. After the Monetary Policy Committee [...]
ECONOMIST VIEWS: WILL THE MPC REVISE ITS GROWTH AND February 7, 2010 PETER DIXON | COMMERZBANK The Bank will have to raise its short-term inflation projections in the light of recent trends, and may also be forced to nudge down its GDP growth projection. It will likely paint an upbeat view of growth prospects while arguing that the current spike in inflation is only temporary. MICHAEL SAUNDERS [...]
Banks taking active role in senior hiring February 7, 2010 BANKS are taking a more active role in appointing senior level executives at troubled companies in which they were forced to buy equity. Banks want to protect their debt for equity swaps investments and are using the equity to have a greater say in the hiring of chief operating officers and finance and HR directors. [...]
British companies pay £10bn less in dividends during 2009 February 7, 2010 UK DIVIDENDS plummeted by £10bn in 2009 as companies looked to shore up their capital bases. Analysis by Capita Registrars found that investors are increasingly dependent on just a few companies for the bulk of payments, with a dominant quintet of BP, Shell, HSBC, Vodafone and GlaxoSmithKline paying out almost half the year’s dividends. Within [...]
Vodafone secures bumper four year mobile contract for Oracle February 7, 2010 VODAFONE has won a huge contract to manage the mobile services of multinational tech company Oracle. The world’s biggest mobile provider will manage the company’s Europe, Middle East and Africa regions for at least four years. The bumper contract will involve servicing the voice, data and mobile services for a network of over 16,000 employees. [...]
