CITY VIEWS: WHAT DO YOU THINK OF THE IPAD – IS IT THE FUTURE FOR BUSINESS? June 1, 2010 DANIEL MORGAN | VTB CAPITAL “It really is the biggest waste of money ever. I can’t see what the ? difference is between the iPad and other computers. If it was a standalone device I could see the attraction, but it needs to link with a Mac computer to get the most out of it.” [...]
Shopping around is the future of law June 1, 2010 COMMENTATORS talk excitedly about “Tesco Law” and the ongoing liberalisation of legal services as though it were a latter day gold rush led by big name supermarkets and banks. But what is it that consumers want? New research suggests that there is little enthusiasm on the part of the public to associate legal services with [...]
Banks to be hit with bigger bill for FSA May 28, 2010 MAJOR banks must dig deeper into their pockets over the coming year to pay for tougher supervision, the Financial Services Authority has said. The FSA is wholly funded from levies on financial firms and said its annual bill for 2010-11 will jump ten per cent to £454.7m though 60 per cent of firms will actually [...]
CITY MOVES | WHO’S SWITCHING JOBS May 27, 2010 Hogan Lovells The law firm has made its first partner hire since the merger of Lovells and Hogan & Hartson, in the form of antitrust, competition and economic regulation specialist Suyong Kim. Kim is a partner at Wilmer Cutler Pickering Hale and Dorr. She has recently advised on the OFT’s dairy products and tobacco investigations [...]
FTSE closes higher, fuelled by energy stocks and BP Gulf oil spill response May 27, 2010 BRITAIN’S top shares rose 3.1 per cent yesterday to hit a one-week high, with oil stocks the standout gainers led by BP as it was making progress in plugging a well which has been leaking in the Gulf of Mexico for five weeks. The FTSE 100 index closed up 157.09 points at 5,195.17, its highest [...]
Dentons to merge with US law firm May 26, 2010 DENTON Wilde Sapte and Sonnenschein Nath & Rosenthal (SNR) yesterday agreed to merge, creating a £500m law firm with over 1,400 lawyers. Management boards at both firms recommended to their respective partnerships that the two businesses be combined. The merger, if it wins approval from a partnership vote held early next month, will see the [...]
Bank lending weak from deleveraging May 26, 2010 MORTGAGE lending slumped in April to its lowest monthly level since February 2001 and the number of mortgage approvals only inched higher in what is typically a strong month for the housing market, fresh statistics from the British Bankers’ Association (BBA) showed yesterday. Banks’ net mortgage lending fell to £1.8bn in April compared with £2.3bn [...]
Markets in turmoil May 25, 2010 SHARES worldwide plunged yesterday as fears that Europe’s sovereign debt crisis would lead to a fresh collapse in the banking sector, and rising tensions between North and South Korea took their toll on jittery investors. The FTSE 100 index plummeted, ending the day 2.5 per cent lower at 4,940.68, below the psychologically important 5,000 level [...]
EX-SEYMOUR PIERCE BOSS COMES OFF THE SLOPES AND BACK TO CITY May 25, 2010 IT was only going to be a matter of time before Richard Feigen popped his head back over the proverbial parapet after resigning from broker Seymour Pierce at the turn of the year. Feigen, one of the best-known corporate financiers in the City, handed in his notice in January following a month-long internal investigation at [...]
Bleak picture in UK markets as shares tumble on Eurozone and Korea fears May 25, 2010 BRITAIN’S leading shares tumbled yesterday, laid low by big falls from banks and commodity issues as ongoing euro zone debt contagion fears and rising tensions in Korea kept investors wary. By the close, the FTSE 100 index was down 128.93 points, or 2.5 per cent, at 4,940.68, having touched an eight-and-a-half month low of 4,898.49 [...]