WHAT THE OTHER PAPERS SAY THIS MORNING September 12, 2011 FINANCIAL TIMES UNICREDIT CHIEF SIGNALS RIGHTS ISSUE TO INCREASE CAPITAL LEVELS UniCredit has given its clearest signal yet that it will seek to raise its capital buffers as market turmoil continues to hit European bank shares. In his first big interview since becoming chief a year ago Federico Ghizzoni told the Financial Times that details [...]
LONDON’S MAYORS IN THE FRAME FOR STYLE September 4, 2011 WHO ARE the City’s most stylish cyclists? Boris Johnson and Michael Bear, says fashion photographer Horst A Friedrichs, who has immortalised the Mayor of London and the Lord Mayor in a Square Mile photography exhibition of London cyclists on their two-wheeled vehicle of choice. Johnson and Bear are joined in the City Cycle Style exhibition, [...]
theatre HIGHLIGHTS THIS AUTUMN eight of the best September 1, 2011 THE TEMPEST Theatre Royal, Haymarket Ralph Fiennes, soon to be starring in his own film version of Shakespeare’s play Coriolanus, takes on the iconic role of Prospero in this must-see production (see right). It’s the first major London staging of the Bard’s mysterious final play in years, and also happens to offer the prospect of [...]
CITY MOVES | WHO’S SWITCHING JOBS August 25, 2011 Berenberg Bank The private bank has strengthened its new London private banking operation, launched in January, by appointing Max White as a director to focus on clients in the Channel Islands, the Isle of Man and the North West. White (pictured) joins from Morgan Stanley, where he spent eight years in the private wealth management [...]
Barnes thrills with English storytelling at its terse best August 24, 2011 THE SENSE OF AN ENDING BY JULIAN BARNES Jonathan Cape, £12.99 IN the past, I have found Julian Barnes – most famously author of Flaubert’s Parrot – less tractable than his contemporaries. If given the choice between Ian McEwan – of whose even-shorter novella On Chesil Beach this book reminds me – or Martin Amis, [...]
Wealth destruction the new normal August 23, 2011 WEALTH preservation is now the name of the game in the West. The challenge, for most people, is not to make more money: it is to try and preserve what they have. Declining equity and property prices, ultra-low interest rates, lowish pay rises, elevated inflation and increasing taxes are combining to squeeze nearly everybody. This [...]
RESTAURATEURS FLOCK TO RENT 1 BISHOPSGATE IN CITY’S DINING BOOM August 22, 2011 IT IS not big enough for the new headquarters of the Bank of England’s Prudential Regulation Authority, which requires a capacious 100,000 square feet. But the four vacant office units at 1 Bishopsgate have attracted a “healthy level of interest” from insurance, finance, shipping, software and law firms – even a handful of hedge funds [...]
Balfour Beatty sees profit rise as order book fills August 17, 2011 Infrastructure contractor Balfour Beatty said first-half underlying pretax profit rose four per cent, in line with expectations and lifted by a one-off gain from the sale of investments. The company, which operates in 80 countries and whose projects include the refurbishment of London Blackfriars station and the building of Hong Kong’s West Island metro line, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 16, 2011 FINANCIAL TIMES CITIC ARM TO PRESS AHEAD WITH HK LISTING Citic Securities is to go ahead with a planned Hong Kong listing that could raise up to $2bn for the Beijing-based financial services group. Bankers say that the listing is likely to take place by the beginning of September. The decision comes as many other [...]
Office space take-up in the City stays flat August 14, 2011 TAKE-UP of office space in the City remained at its lowest level since 2009 in the last quarter, according to new research by Equipe. There have been no moves to offices larger than 50,000 sq ft in the last six months, with take-up of office space at just 834,000 sq ft, slightly down on the [...]