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 [...]
CITY MOVES | WHO’S SWITCHING JOBS October 19, 2011 Rockspring Rockspring Property Investment Managers has appointed Hugh Bigham (pictured) as head of capital raising and client services for North America. Bigham joins from the Sydney office of Principle Advisory Services, where he supported real estate and private equity managers. In addition, Julianne Cho joins from Cornerstone Real Estate Advisers as client services representative in [...]
Goldman plunges into red October 18, 2011 GOLDMAN Sachs shocked investors by reporting the second-ever quarterly loss in its history as a public company yesterday. The bank’s net income plunged to a $428m (£273m) loss, with pre-tax profits falling from $2.8bn last year to a $730m loss in the third quarter of this year. Chief executive Lloyd Blankfein admitted he was “disappointed”. [...]
MAYFAIR’S FINANCIERS HELP EAT ALL THE PIES October 18, 2011 PIES AND prosecco were yesterday on the menu at Dartmouth House at Mayfair’s answer to the long-running annual Gull’s Eggs lunch. Mayfair hedge fund managers met hotel brokers at the Macmillan Cancer Support fundraiser, including Jones Lang LaSalle’s Jonathan Goldman, who has a personal connection to the cause, having recently endured a 20-hour operation for [...]