Leaving a legacy doesn’t just have to be a metaphor November 3, 2011 YOU can give without suffering. That is the heart of the launch of my new Legacy10 campaign. The donor will not feel the pain while they’re alive, even if their children might be a little worse off, but the charities that benefit from our generosity can be exponentially better off. The reality is that we [...]
Reforms set to cut back chaotic audit regulator October 17, 2011 INCOHERENT growth of the Financial Reporting Council (FRC) has created an inefficient shambles, its chief executive told City A.M. yesterday. “Following scandals like Enron and Equitable Life, the FRC’s responsibilities grew from accounting standards originally to cover areas like corporate governance, professional oversight, and actuarial work,” Stephen Heddrill told City A.M. “However, the whole body [...]
LUNCH PRICES HIKED TO HIGHLIGHT PROBLEMS FACED BY THIRD WORLD October 12, 2011 LONDONERS may be accustomed to signing away the vast majority of their pay packet on the capital’s rising rents, but what if everyday food was as much of an outlay, accounting for 50 to 80 per cent of income every month? That’s what the Red Cross is hoping to highlight as it takes over popular [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 28, 2011 FINANCIAL TIMES PLANS REVEALED FOR US-STYLE PLEA BARGAINS The UK plans to introduce US-style corporate plea bargains that could result in fines totalling hundreds of millions of pounds, according to the Solicitor General. “You have to have a cost-benefit analysis. If I can produce a system which has all the benefits [of the US] and [...]
No one benefits from a bonfire of the vanities September 22, 2011 WHEN it all ended, they sent children to tug the playing cards from gamblers’ hands and strip closets of their silks. Savonarola’s so-called angels swept away the fine paintings and the antique statues, delivering their loot to the great fire burning in the heart of the city. It was said that Botticelli himself threw pictures [...]
CELEBRITY TRADERS RAISE $12M ON BGC DAY September 13, 2011 RONNIE Wood is clearly in the wrong job – his masterful handling of a €2bn interest rates trade at BGC Partners, as reported in yesterday’s Capitalist, helped the brokerage beat last year’s total of $10m to raise a record $12m for global charities. Of course, credit should also be given to HRH Prince Harry, who [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2011 FINANCIAL TIMES CHINESE PREMIER DECLARES VICTORY OVER INFLATION Chinese premier Wen Jiabao has declared victory over domestic inflation, saying that the government has successfully reined in price pressures. “China has made capping price rises the priority of macro-economic regulation and introduced a host of targeted policies. These have worked,” Mr Wen writes in today’s Financial [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2011 FINANCIAL TIMES FORMER TESCO CHIEF PUTS MONEY INTO NICOTINE A medical devices group developing non-tobacco nicotine delivery systems has won the backing of Sir Terry Leahy in the latest private investment by the former Tesco chief executive since he retired in March. Sir Terry has put an undisclosed sum behind Kind Consumer, a start-up that [...]
TURTLES DITCH DAY JOB FOR HEDGE FUND BREAK May 18, 2011 SOME of the City’s brightest talents will hand in their notices this week to pursue potentially even more lucrative careers as hedge fund traders. Oxbridge graduate Will Jukes, 27, who trained at Ernst & Young before working at RBS and most recently as a freelance financial analyst, will be much missed by his well-known Westminster [...]
POLO COMES TO THE O2 AS PONIES AND PLAYERS LINE UP TO IMPRESS February 24, 2011 FOR the first time ever, polo ponies took to the floor at the O2 arena last night at the inaugural Gaucho International Polo event. Teams from England, South Africa, Argentina and Scotland (flying the flag for City A.M.) met in North Greenwich last night to bring a touch of the country to urban London, in [...]