We’re nearly at £300,000! December 15, 2011 We have been overwhelmed by the huge support from our readers for City A.M.’s first-ever Christmas charity appeal. After just four weeks of fundraising we are delighted to be within reach of raising £300,000 for our chosen charity, Opportunity International, which offers small loans and banking services to entrepreneurs in southern Malawi. We’re now asking [...]
EXPECT THE UNEXPECTED AS MARK HIX MOVES INTO BELGRAVES HOTEL December 12, 2011 THE RUMOURS have been swirling around the leisure industry for months, and Thompson Hotels yesterday confirmed that chef Mark Hix will run the restaurant and bar at its new hotel launch Belgraves, due to open in January. The 80-seat Hix Belgravia, the chef’s fourth restaurant, will offer a menu inspired by his travels around the [...]
PIPPA MIDDLETON JOINS BANKERS AT MAHIKI DUO’S LOW-KEY LAUNCH December 8, 2011 PIPPA Middleton is out and about again after splitting from her boyfriend Alex Loudon, an analyst at brewing giant SAB Miller. And one of the first places Middleton has patronised in her newly single life is the Markham Inn on Elystan Street, the latest restaurant venture from Mahiki owners Nick House and Piers Adam that [...]
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 [...]