LANDMARK CITY SITE CATCHES CARNIVAL FEVER May 13, 2012 The grounds of the City’s Honourable Artillery company – the army’s oldest regiment – will play host to more than 1,000 masked revellers on 9 June for the Midsummer Masquerade charity ball in aid of two charities, the Christchurch Earthquake Recovery Fund and Changing Faces. For tickets, visit www.midsummermasquerade.com
Cookson and 888 braced for investor revolt May 13, 2012 A FRESH WAVE of upheaval against excessive executive pay is set to sweep boardrooms this week as industrial group Cookson and online gambling giant 888 Holdings brace themselves for substantial shareholder revolts. Both firms are likely to be hit with a significant vote against their remuneration reports at their annual general meetings this week, despite [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS May 13, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 25 April to Wednesday 10 May. Samsung is top of our rankings again, with the [...]
London thrives as conference sector takes off May 13, 2012 BORIS Johnson has boosted London’s conference industry, forcing the capital up the international rankings and putting the city on a path to becoming the world’s top location for professional gatherings, an industry body declared today. London hosted 115 conferences last year, according to the International Congress and Convention Association (ICCA), putting it at number seven [...]
Private sector keeps growing across England May 13, 2012 ECONOMIC growth slowed across the UK in April, according to survey data out today, though London continued to expand strongly. The capital’s solid growth pushed up employment, Lloyds and Markit’s purchasing managers’ index (PMI) revealed, though the rate of jobs growth stayed low in the rest of the country. London firms registered a PMI of [...]
Persistent price rises dragging down UK consumer spending May 13, 2012 INFLATION has stopped falling, remaining at an uncomfortably high level in April, a business index published today showed. Consumers are still being hit hard by soaring prices and stagnant wages, which undermines spending and so hits economic growth, according to the output and optimism indices published by BDO. The group’s inflation index dropped just 0.1 [...]
TUC: Only workers’ reps can rein in excessive bosses pay May 13, 2012 MOVES to give shareholders binding votes over executive pay do not go far enough, the Trades Union Congress (TUC) claimed today. The labour body believes that workers should sit on remuneration committees in order to “introduce a touch of the real world to the process of setting top pay.” Growing shareholder anger at poor business [...]
Recovery in consultancies as fee income hits pre-crisis high May 13, 2012 BRITAIN’S management consultants made as much money in 2011 as they did in the peak years before the financial crisis, industry data showed today. The industry’s fee income grew by just under five per cent in 2011 and the number of fee-earning consultants increased by 10 per cent according to a report from the Management [...]
Britain avoids global prime property slip May 13, 2012 THE VALUE of prime property in the world’s major cities dropped in the first three months of 2012, industry figures revealed today – the first time prices have fallen since 2009. Knight Frank’s prime global cities index registered a 0.4 per cent fall, led by Tel Aviv’s 6.6 per cent drop, Kiev’s fall of 6.4 [...]
Ally Financial’s ResCap is filing for bankruptcy May 13, 2012 ALLY Financial’s Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said yesterday, in a move that could help the US taxpayer-owned car lender shed its troubled mortgage business but also spur drawn-out legal fights. The board of ResCap was set to meet late yesterday and a pre-arranged bankruptcy filing, where [...]
