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. [...]
Currency wars and rate hikes: another year in emerging FX December 21, 2010 CHEAP money and attractive returns have seen investors plough their money into emerging market currencies. Yet hot money inflows have forced currency appreciation despite authorities’ best efforts at capital controls and other methods of weakening their exchange rates. Thanks to highly accommodative monetary policy in the West and efforts to remain competitive among the emerging [...]
Tube strike to hit west end sales December 20, 2010 London’s retailers could be severely affected by tube strikes on Boxing Day, the British Retail Consortium (BRC) has warned. Almost one fifth of retail spending takes place in the capital, providing 380,000 jobs, they said. And the strike could damage the industry at a crucial moment, as shops try to tempt customers ahead of the [...]
Property start-up close to buying Centre Point from administrator December 19, 2010 NEW property developer Almacantar is on the verge of buying the Centre Point skyscraper in the West End, according to sources close to the firm. Almacantar, which was set up by former Land Securities executive Mike Hussey in 2009, is set to announce as soon as today that it has entered talks with administrator Deloitte [...]
Cameron refuses to block Spurs Olympic stadium bid December 15, 2010 TOTTENHAM’S bid to move into the Olympic Stadium has received a double boost after Prime Minister David Cameron and the Premier League refused to stand in the way of the controversial plan. Cameron (right) declined when asked by David Lammy, the MP for Tottenham, to sign a petition demanding Spurs ditch proposals to move from [...]
HEDGIES FORK OUT FOR CHARITY AS LORD ARCHER HOSTS THE AUCTION December 13, 2010 HEDGE fund philanthropists had one of their biggest galas of the year this past weekend, thanks to a fundraiser by Hedge Fund Care, a fund chaired by Robert Mirsky that makes grants to charities fighting child abuse and neglect. 400 or so of the industry’s finest donned their finest blacktie and arrived for a three-course [...]
A new haven for gentlemen December 13, 2010 DESPITE the growing popularity of beauty products aimed at men, the prevailing wisdom in the grooming industry is that the majority of bloke-orientated creams, cleansers, colognes and aftershaves are bought for men by women. Some retailers put that figure as high as 70 per cent. While we’re more used to slathering ourselves in lotions and [...]
Twitter looks for office space in central London December 12, 2010 SOCIAL networking firm Twitter has sent a team to London to look at offices near the “silicon roundabout” on Old Street, it emerged yesterday. Executives from the California-based company have also scoped out office space in the West End as part of Twitter’s plan to open a hub in Europe. Twitter has been searching for [...]