And they’re off: Royal Ascot racegoers put on a patriotic show as iconic horse racing meet gets underway
Letters to the Editor – 27/06 – Global money, Airport options, Best of Twitter June 26, 2014 Global money [Re: Bretton Woods: How stable monetary order was created and then destroyed, Tuesday] An interesting historical article, but the author displays a misguided support for a fixed international monetary system. If a floating exchange rate system is associated with the global expansion of credit, the older order is associated with the inability of [...]
London style: Iconic British looks from the brands behind London Collections June 26, 2014 Our exclusive City A.M. Bespoke photoshoot celebrates some of the most iconic looks by the brands who exhibited their wares at the menswear showcase, from 1960s mod-inspired styles to the grimy punk borrowed from the late 1970s. Brilliant fashion minds such as Lou Dalton take these genre classics and reimagine them for a new generation; [...]
Dozens of Euro banks in need of more capital June 23, 2014 NEARLY two dozen banks across Europe expect to raise more capital following central bank stress tests, an anonymous poll of lenders has found. A total of 22 banks out of 294 said they would be required to boost their coffers after the Asset Quality Review (AQR) by the European Central Bank is finished, with a [...]
City Moves for 20 June 2014 | Who’s switching jobs June 19, 2014 Secure Trust Bank John Simpson has been appointed managing director of the bank’s motor finance division, which operates under the Moneyway brand. Simpson’s 30-year career has seen him take senior roles at GE Capital Woodchester, Manheim Retail Services and Manheim Europe. TSB Des McDaid joins the bank as head of savings. He has over 25 [...]
Letters to the Editor – 20/06 – The estuary option, Flatter the better, Best of Twitter June 19, 2014 The estuary option This week, Sir Howard Davies, chairman of the Airports Commission, was questioned by the London Assembly. Some of his answers were worrying. He seemed to refuse to acknowledge the benefits a new four-runway hub airport would bring to Britain. When hubs are being built all over the world, with upwards of four [...]
City Moves for 19 June 2014 | Who’s switching jobs June 18, 2014 KPMGThe professional services firm has appointed Steve Labrum as financial services transfer pricing partner. He was previously global head of transfer pricing at Alvarez and Marsal, and has also held senior positions at EY, Deloitte and PwC. JP Morgan Private BankEdward Novis has been appointed as an executive director and senior investor for the private [...]
Bottom Line: Swann’s SSP could prosper in City’s search for quality June 16, 2014 THERE was a telling comment last week during a session held at the Royal Institution of Great Britain examining initial public offerings. “We’re going to go through a rather different period now,” EY’s Richard Hall, a veteran of last year’s bumper Royal Mail float, told an audience of private equity investors. “There are still some [...]
Why the car insurance industry faces a difficult future June 12, 2014 The Competition and Market Authority's (CMA) proposed plans for change in the private motor insurance market aim to increase competition and reduce the cost of premiums for motorists. If implemented, they stand to do just that. This is great news for customers, but what does this mean for an industry that is already exceptionally competitive, [...]
Letters to the Editor – 12/06 – Simpler energy, Best of Twitter June 11, 2014 Simpler energy [Re: A bureaucratic nightmare, Tuesday] Stephen Littlechild overlooks the importance of Ofgem’s reforms to make the energy market simpler, clearer and fairer for consumers. Consumers told us they found the market confusing and that the number of tariffs on offer put them off shopping around. We have placed a limit of four core [...]
London IPO frenzy: Investors put off by low quality of new issues June 10, 2014 2014 is well on its way to claiming the crown as the best year on record for initial public offerings (IPO) in London yet dark clouds have started to gather, with one IPO pulled and an underwhelming aftermarket in a number of floats. So where next for the IPO market? At a conference hosted this [...]