Crossrail chief executive quits in surprise move January 12, 2011 THE chief executive of the £16bn Crossrail project has resigned, just months after the transport scheme’s future was guaranteed in the comprehensive spending review. Rob Holden is to step down this year, the group said yesterday. Crossrail, one of Europe’s biggest construction projects, will connect Maidenhead in Berkshire with Shenfield in Essex, passing through the [...]
Dalglish could be permanent boss January 10, 2011 NEW Liverpool caretaker manager Kenny Dalglish will be a candidate for the job on a permanent basis. The Scot is in charge until the end of the season, with director of football Damien Comolli searching for Roy Hodgson’s long-term successor. Asked whether Dalglish would be considered, Comolli said: “The answer is yes.” Dalglish added: “If [...]
A suave place to dine in SW3 January 10, 2011 86 Fulham Road, SW3 6HR Tel: 020 7052 9620 www.86restaurant.co.uk FOOD *** SERVICE *** ATMOSPHERE *** Cost per person without wine: £40 Coming up with a name for a restaurant must be a difficult thing. Do you go for something sexy and exotic, a chic bit of Euro-cuisine jargon, something abstract and opaque, or hope [...]
So much for the knowledge economy – industry is back January 9, 2011 MAKING things had been thought to have gone out of fashion not that long ago. As the proportion of output and number of jobs devoted to manufacturing and heavy industry in most Western economies seemed to be on a relentless decline, many commentators began talking about “post-industrial societies”, and politicians about “the knowledge economy”. How [...]
What the other papers say this morning January 5, 2011 FINANCIAL TIMES HEDGE FUNDS BET ON REVIVAL OF FORTUNES After one of their most disappointing years, hedge fund managers are hoping for a better 2011 with less macro economic volatility and more corporate events to bet on, such as takeovers. As of the end of November, the average hedge fund had returned just over 7 [...]
Spread betting vs. contracts for difference January 3, 2011 THE new year is underfoot, and with European sovereign debt still looking problematic, Chinese inflation sky high and the Federal Reserve still emptying a bathtub of money onto the world, it is looking to be at least as interesting a year as 2010. For ordinary investors, volatility is not very much fun. Most people are [...]
NINE GAMES Beckham’s Spurs switch set to be a short one January 3, 2011 FORMER England captain David Beckham has edged closer to a sensational loan move to Spurs – but his return to English football looks likely to be limited to just nine games. Beckham’s camp insist any short-term deal would have to fall in line with the start of the Major League Soccer season, which begins on [...]
London’s festive sporting highlights December 22, 2010 WITH the weather having potentially put paid to any pre-planned foreign-based festive frolics, City A.M. has heroically rescued Christmas by pointing you in the direction of some of the sporting highlights the capital will be hosting. FOOTBALL Pivotal games at the top and bottom of the Premier League will be staged in London this weekend. [...]
What the other papers say this morning December 21, 2010 FINANCIAL TIMES EMERGING MARKETS DEALS LEAD 16 PER CENT RISE IN M&A Dealmaking in emerging markets helped power a 16 per cent rise in global mergers and acquisition activity this year as companies moved to spend their cash piles outside of their home markets. Companies in developing countries struck 2,570 deals worth a total $502.6bn [...]
The City is back but under new management December 21, 2010 BRITAIN’S financial landscape has been transformed since we last shone a light on the City’s most powerful figures two years ago. The City A.M./CityJet Power Hundred 2011 list ranks the most influential figures in UK finance as we head into the new year. It should be no surprise that it is very different from 2009. [...]