Enter the corporate entrepreneur: Britain’s best hope for real recovery October 17, 2010 CO-FOUNDER, MARKET GRAVITY THE UK’s recovery from the deepest recession in eighty years is dependent on sustained private sector growth. Corporate earnings may be recovering, but too much is due to cost cutting, not real growth, and this trend is not sustainable. Recent analysis from Market Gravity illustrates that while 75 per cent of FTSE [...]
WOLF WHISTLES FOLLOW STYLISH CITY LADIES DRESSED FOR SUCCESS October 17, 2010 WHERE does a City woman go when she needs to out-dress her TM-Lewin-clad male counterparts? Designer Britt Lintner – who is also still a full-time professional at hedge fund GLG – is making a new bid to make her clothes the ultimate go-to items, and she has recruited a line-up of swanky femme fatales from [...]
Barclays mulls new bond to boost capital October 14, 2010 BARCLAYS is working on a new debt instrument to shore up its capital base ahead of the introduction of the Basel III rules. A bond that would pay out less if the bank’s core Tier 1 capital ratio dropped below the Basel threshold of seven per cent is in the works. The instrument would differ [...]
Laing to float fund on LSE to raise £270m October 14, 2010 Infrastructure group John Laing yesterday unveiled plans to list an infrastructure fund in London raising up to £270m. Laing, owned by asset manager Henderson Group, will sell up to £256m of infrastructure schemes to the newly formed John Laing Infrastructure Fund (JLIF), in a move flagged up earlier this month. The fund will use the [...]
FTSE weighed down by talk of more banking rights issues October 14, 2010 BRITAIN’S top share index closed lower yesterday, dragged down by banks on worries about rights issues in the sector, while mobile phone heavyweight Vodafone rose following an upgrade from Nomura. The FTSE 100 ended down 20.14 points, or 0.4 per cent, at 5,727.21, after gaining 1.5 per cent on Wednesday to its highest closing level [...]
John Laing to float infrastructure fund October 14, 2010 Infrastructure group John Laing has announced its intention to list an infrastructure fund in London raising up to £270m. Laing, owned by asset manager Henderson Group, will sell up to £256m of yielding infrastructure assets to the newly formed John Laing Infrastructure Fund, in a move that was flagged up earlier this month. This forms [...]
Damages claim will be very difficult, warn legal experts October 13, 2010 TOM HICKS and George Gillett turned to US courts after Mr Justice Floyd’s emphatic verdict in the High Court gave them virtually no chance of appeal and only a slim hope of pursuing a claim for damages, sports law experts told City A.M. The judge’s verdict that the Liverpool owners were not entitled to sack [...]
Banks in bid to boost lending October 13, 2010 Britain’s biggest banks have outlined a raft of measures to boost lending to small businesses, including a £1.5bn growth fund, in a bid to counter suggestions they are not doing enough to nurture the recovery. HSBC, Barclays, Royal Bank of Scotland, Lloyds Banking Group, Standard Chartered and the UK operations of Santander will contribute to [...]
At last, the banks are reaching out to UK Plc October 13, 2010 THERE are two possible ways forward for the banking industry. The first is to do nothing and try and brave out the storm, chucking the occasional insult at detractors. The second is to show some humility, reach out, make sensible reforms – and invest some of its own cash – to improve matters and fight [...]
Ex-JPM Caz chief Kheraj joins Lazard October 13, 2010 FORMER JP Morgan Cazenove chief executive Naguib Kheraj has agreed to join Lazard as chief executive of its international business, which is chaired by Ken Costa. The surprise move came after widespread speculation in the City that Kheraj, who also held the finance director role at Barclays in the past, was among the top candidates [...]