Miners lead FTSE up after China boost October 24, 2011 Markets have risen this morning triggered by hopes that a deal to resolve the Eurozone debt crisis can be put together while manufacturing data showed China’s growth is picking up. Although a weekend summit of Eurozone leaders was inconclusive with bickering clouding the talks. The skeleton of a deal was agreed with a summit to [...]
CITY MOVES | WHO’S SWITCHING JOBS October 23, 2011 Little Chef The roadside chain has appointed Graham Sims as its new chairman. Sims is currently chief executive of Qunatilis, a non-executive board member at the UK Border Agency, and chairman of Kensington Consultancy Group. Earlier in his career, he spent seven years at BP, rising from operations manager for Portugal to UK retail managing [...]
FTSE steady as investors eye Eurozone crisis summit October 21, 2011 Banks and miners helped to give the FTSE 100 a lift in early trading as investors looked to a key weekend in the Eurozone for signs that the bloc’s debt crisis could be brought under control. Leaders are still sharply divided over how to strengthen a Eurozone rescue fund and meet on Sunday to once [...]
London 2012 IMAGE OF THE WEEK October 20, 2011 LONDON 2012 | HEROES Richard Whitehead and local hero Scott Moorhouse launch Lloyds TSB’s Paralympic Torch Relay campaign. Between now and the start of the 2012 Olympic and Paralympic Games, City A.M. is publishing its Olympic Image of the Week. We welcome photographs from all sources – sponsors, athletes, local businesses, commuters, local residents – [...]
RACEHORSE OWNERS DO THE DOUBLE AT GREEN’S October 20, 2011 IT HAS been two years since Lloyds Bank on Cornhill became the City outpost of Green’s. And to mark the occasion, the restaurant’s co-owner Simon Parker-Bowles threw a “double celebration” for his horse racing associates at the mezzanine Runner Bar. Double, because Parker-Bowles also unveiled the collection of silks donated by his friends: the colours [...]
SOMETHING FOR THE WEEKEND October 20, 2011 PRIVATE EYE FIRST 50 YEARS EXHIBITION The V&A is hosting an exhibition to celebrate the first 50 years of the satirical magazine. Two rooms are packed with works from its most famous cartoonists, such as caricaturist Gerald Scarfe. Free, until 8 January, www.vam.ac.uk BANG BANG BANG, ROYAL COURT THEATRE A new play from Stella Feehily. [...]
Omega backs Haverford offer October 20, 2011 Insurance entrepreneur Mark Byrne pulled ahead in the race to buy Lloyd’s of London insurer Omega after Omega and its top shareholder backed his offer, prompting his main rival to withdraw. Omega, at the centre of a three-way takeover battle since mid-June, will pursue the offer from Byrne’s Haverford investment vehicle as the support of [...]
CITY VIEWS: ARE YOU CONFIDENT THE EURO WILL SURVIVE? October 20, 2011 CHRIS GAZE | VERINT “No, I think the Euro has too many fundamental flaws and is too complex to survive. It was doomed to begin with and I would like to see it go.” PAUL SMITH | INCEPTA “Yes. As a group of countries we trade together, our economies are interdependent and it provides collective [...]
Eurozone wrangling sucks life out of markets October 20, 2011 European markets saw confidence ebb away this morning as continuing wrangling over the Eurozone bailout fund took its toll. Optimism had been growing that the weekend meeting of European Union leaders in Brussels would come up with a substantial plan for dealing with the debt crisis, primarily through ramping up the bloc’s bailout mechanism, the [...]
BUSINESS HONOURS FOR INDIAN TYCOONS October 20, 2011 THERE was a reason Boris Johnson couldn’t attend the launch of Sonia Purnell’s Just Boris biography on Tuesday night. The London mayor was otherwise engaged presenting KP Singh, the chairman of India’s largest real estate developer DLF, with the entrepreneur of the year award at the Asian Awards. Singh, the Forbes billionaire who has made [...]