London’s top shares tumble as oil and mining companies slip February 25, 2010 BRITAIN’S leading shares fell 1.2 per cent yesterday, sliding back in the afternoon in tandem with New York stocks, with miners and oils the main drag as commodity prices fell back pressured by a firmer US dollar. By the close, the FTSE 100 index was 64.69 points lower at 5,278.23, reversing again after Wednesday’s 0.5 [...]
A £53M CHEQUE GETS YOU THINKING February 25, 2010 WITH The Capitalist taking a well earned holiday, this ancient scribe has been ruminating over a few whimsical anecdotes that he has come across over the past 47 years in the City of London. My first recollection while learning the merchant banking ropes at Philip Hill, Higginson, Erlangers was to be sent to collect a [...]
Doing God’s work in the City February 25, 2010 LLOYD Blankfein, the chief executive of Goldman Sachs, caused a stir when he said the bank was doing “God’s work”. Well, perhaps he should meet Mark Speeks, the managing partner and co-founder of Acuity Capital, a private equity firm based in the City, who is also an assistant priest at St Botolph’s church in Aldgate. [...]
Robocop Nwume does battle again February 24, 2010 HE has seen active service in Afghanistan, lifted the Heineken Cup with London Wasps and is also a former Oxford Blue – but tomorrow Henry Nwume is embarking on his greatest challenge yet. A gruelling selection process in 2009 saw brakeman Nwume earn his place in a four-man Great Britain bobsleigh team for Vancouver. Zambian-born [...]
Canada end British curling hopes February 23, 2010 BRITISH curling skip Eve Muirhead showed glimpses of her undoubted potential but admitted it was too little, too late after she crashed out in Vancouver. The three-time world junior champion may need a few days before she can see the positives from a debut Olympics, although the 19-year-old is clearly a name for the future. [...]
Intended pay rise for HSBC boss blocked February 23, 2010 HSBC chief executive Michael Geoghegan will not see a planned 36 per cent hike in his salary this year after the bank yielded to continued protests by shareholders. The London-based bank had toldshareholders it intended to raise Geoghegan’s salary to £1.4m, it is understood, at the same time it also proposed to hike finance director [...]
FTSE rocked as mining shares fall on commodity price drop February 23, 2010 BRITAIN’S top shares shed 0.7 per cent yesterday, tracking early falls on Wall Street and pressured by weaker miners and energy issues as commodity prices fell with a firmer dollar after dull data. At the close, the FTSE 100 was 36.98 points lower at 5,315.09, having hit a one-month high earlier in the session. US [...]
Bob girls eye a gold rush February 22, 2010 ANYONE can be a hit on YouTube – a talking dog, a cackling but cute baby and even Susan Boyle. But long jumper and pole vaulte-turned-Olympic bobsleigh hopeful Gillian Cooke is determined to move on from her brush with internet fame. Over six million have watched her high-profile wardrobe malfunction at a recent World Cup [...]
CITY VIEWS: SHOULD ERIC DANIELS HAVE WAIVED HIS BONUS? February 22, 2010 RICHARD BAILEY | CMC MARKETS “These guys operate in a world where they are used to bonuses. It’s not sustainable anymore because the banks aren’t doing a great job. The bankers are bringing down the economy and not making it work.” BEN TOMKINSON | NICOLL CURTIN “I don’t think these people need more money and [...]
CRISIS IN THE SKY FOR VETERAN BROKER February 22, 2010 SIGHS of relief all round yesterday as a veteran of the City broking community emerged unscathed from a terrifying near-death experience. Brewin Dolphin divisional director Stephen Williams – a former head of small company research at Williams de Broë – was one of 231 passengers aboard a Thomas Cook Boeing 757 jet which had to [...]