Paradise complete with tax benefits January 28, 2010 WITH taxes for top earners sure to increase in the coming years, there has been much talk of City types moving abroad. Switzerland has been the country mentioned most often. The lure of Geneva, Zurich and Zug, it is supposed, will prove irresistible to London-based bankers because of the low tax regime. But will it [...]
FOOD & BOOZE NEWS January 25, 2010 MASTER OF MACAROONS COMES TO LONDON Parisian pâtissière to the stars Pierre Hermé is to come to London. Naturally he’ll have a Knightsbridge boutique – but that’s scheduled for summer. In the meantime, his gilded macaroons and bonbons will be on sale at Selfridges, from 5 February. Hermé is credited with creating the modern macaroon, [...]
EX-BANKING HOTSHOTS DON’T HOLD A GRUDGE January 21, 2010 ON the face of it, you’d have thought there would be a good deal of simmering resentment beneath the surface of the outward relationship between Sir James Sassoon – the investment banker-turned-Treasury finance guru-turned-Tory bank adviser – and Financial Service Authority (FSA) chief Hector Sants. Sassoon last year caused a storm when he authored that [...]
Wolseley duo to return with a breakfast pad on city doorstep January 20, 2010 RESTAURATEURS Chris Corbin and Jeremy King, owners of the Wolseley, have managed to keep this extraordinarily quiet, but word reaches The Capitalist that they’re in the early stages of launching another power breakfast hotspot right on the City’s doorstep. Rex Restaurants has long been enjoying the spoils of the Wolseley’s popularity with just about everyone [...]
Ten places to toast the Bard on Monday January 20, 2010 GALVIN AT WINDOWS Basking in the glory of its newly-awarded Michelin star, the Galvin brothers’ stunning restaurant at the top of the Park Lane Hilton is offering a special Burns’ Night cocktail, the Smoke on the Water made with Laphroaig 10 years, and served with smoked salmon, brown bread and lemon, at £15 a go. [...]
MEETING OF MINDS AS CITY TITANS PARTNER UP January 19, 2010 IT’S not every day you see an alliance struck up between one of the Square Mile’s most outspoken private equity veterans and the only female chief executive of an independent City stockbroker. But when Alchemy Partners founder Jon Moulton yesterday confirmed he had started in his new non-executive chairman role at broker FinnCap, headed up [...]
Find value and beauty in an Austrian chalet January 14, 2010 SKIING down tree-lined snowy vistas in winter; hiking through lush green mountains by crystal blue lakes in summer. This is what’s on offer in Austria’s traditional Alpine towns. “Austria’s valley towns are proper year-round places,” says Giles Gale of Savills’ Alpine Homes. “In the summer they are filled with people mountain biking and hill-walking. And [...]
It’s time to hunker down in a cosy pub January 13, 2010 THE JERUSALEM TAVERN, CLERKENWELL Yes it’s a classic and an obvious choice, but there’s still no finer place to hunker down and enjoy a few pints of beer. And what beer it is. This Farringdon pub serves the full range of the very fine St Peter’s beers, including their Organic bitter, blackberry, nettle and gooseberry [...]
HEINZ TESTS OUT ITS NEW CAFE IN THE CITY January 12, 2010 FOR those City workers already missing their comfort foods after the Christmas break, food group Heinz has come up with the ideal solution. Just three minutes walk from Liverpool Street station, Heinz is trialling a cafe this week whose power lunch is the well-known staple of baked beans on toast. This is the first restaurant [...]
BANKERS STAY QUIET ON UNITED BOND DEAL January 11, 2010 CITY bankers are not usually backwards in coming forwards when it comes to getting publicity for their transactions, so why the reticence yesterday when it came to taking the credit for Manchester United’s £500m bond issue. United’s initial press release was as brief as could possibly be, with no mention even of the banks involved [...]