WHAT THE OTHER PAPERS SAY THIS MORNING October 28, 2010 FINANCIAL TIMES TOKYO HIT BY CLAIMS OF INSIDER TRADING Japan’s financial regulator and the Tokyo Stock Exchange are investigating recent trading activity following allegations of widespread insider trading ahead of new share issues by Japanese companies. Regulators are examining possible insider trading involving recent share issues where short selling activity increased substantially in the run-up [...]
Three cheers for the stars of the Square Mile October 28, 2010 LAST night was truly an exciting and exceptional occasion: City A.M.’s inaugural awards celebrating the best and brightest of London’s business, financial and investment communities. Our inaugural awards ceremony saw more than 450 guests in their finery roll up at the Grange Hotel at St Pauls. Our winners, unique in that each was initially chosen [...]
Barclays weighs up costs of quitting UK October 27, 2010 SENIOR executives at Barclays Bank are weighing up the costs of moving the group’s headquarters from London to overseas, most probably New York. The bank’s executives, including at board level, have spent a great deal of time poring over the issue over the past few weeks. While no final decision has been taken, they have [...]
Time running out to halt City exodus October 27, 2010 IMAGINE the scene. It’s late 2011; Bob Diamond, Barclays’ boss, is posing with New York’s Mayor Michael Bloomberg in front of the firm’s New York headquarters. Bloomberg is boasting to the local media about how much he expects his city to make in extra tax receipts from Barclays’ relocation, which has just been completed. Meanwhile, [...]
NAB sees UK profits double October 27, 2010 THE owner of Clydesdale and Yorkshire Banks announced a rise in full year pre-tax profits of over 50 per cent yesterday after it advanced £4.7bn in mortgages and wrote down fewer bad debts. National Australia Bank (NAB) said lending had been subdued in the year to 30 September but that it was “firmly on track” [...]
TONIGHT WILL BE A NIGHT FOR HEARTY CELEBRATION October 27, 2010 THIS evening will see 450 guests in their finery roll up at the Grange hotel at St Paul’s, as City A.M. proudly hosts its first ever awards ceremony honouring the UK’s business stars and City luminaries. The award winners will come from a diverse range of sectors, from investment to retail banking, fund management and [...]
Investors: You have nothing to lose but your premiums October 27, 2010 BACK in 2002, covered warrants were launched on the London Stock Exchange with grand fanfare. And nobody cared. The products turned out to be something of a flop, with only £886,000 changing hands in the first week of trading. There is nothing intrinsically bad about covered warrants, however. In fact, they are quite remarkable – [...]
Finally, the City gets the retail hub it deserves October 27, 2010 DEVELOPMENT DIRECTOR AT LAND SECURITIES AFTER years in the making, I am very excited to introduce One New Change, the City of London’s newest and largest retail experience, as it opens at midday today. Boasting 60 stores over three floors, One New Change offers something for everyone. Some of the UK’s most loved brands, including [...]
The Square Mile’s long transformation continues October 27, 2010 POLICY CHAIRMAN, CITY OF LONDON CORPORATION THE wind of change is blowing through the City and in this instance, I am not referring to London’s financial heart in the wake of the economic crisis. I am talking about One New Change, Cheapside’s largest shopping destination, which is set to transform the Square Mile. Is that [...]
EVENTS | WHAT’S ON? October 27, 2010 THURSDAY 28 OCT OPENING DAY 12 noon: Join in the celebrations with special guests as One New Change is officially opened. Make sure you arrive a little earlier so as not to miss out on the fun. 12:30pm: Don’t miss the live musical performance from The Hoosiers. 4pm: Enjoy another live performance with The London [...]