Goldman to pay $1bn in bonus tax January 4, 2010 GOLDMAN Sachs is likely to pay out UK bonuses in full, a decision which would force it to hand around $1bn (£620m) in taxes to the Treasury. The bank looks set to increase the size of its bonus pool to compensate for Alistair Darling’s 50 per cent bonus levy rather than punish its workers by [...]
Swift entrance for Sky new boy January 4, 2010 CYCLING: Rising star Ben Swift has been unveiled as the new rider for Team Sky in the 2010 season. Swift, 22, who rode for Russian team Katusha last year, was part of the team’s launch yesterday and is in the squad for the Tour Down Under this month. “It feels like coming home because I [...]
Brown agrees to TV debates with rivals December 21, 2009 PRIME Minister Gordon Brown will go head-to-head with opposition leaders David Cameron and Nick Clegg in a groundbreaking series of US-style televised debates. The party leaders yesterday agreed to three live discussions before the 2010 general election that will hand each of them an unprecedented set of pitfalls and opportunities. After wrangling between Labour, the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 21, 2009 FINANCIAL TIMES BONUSES FOR LEHMAN LONDON STAFF Lehman Brothers, the collapsed Wall Street investment bank, is hiring bankers and paying generous bonuses in London to stop employees defecting. Lehman’s European business is recruiting middle and back office staff to help administrators PwC wade through the millions of transactions that must be reconciled with clients and [...]
BA ordered to give up slots for Oneworld alliance December 21, 2009 BRITISH Airways, Iberia and American Airlines have been told they must surrender slots at congested airports including London Heathrow if they are to extend their Oneworld alliance. The airlines are among five Oneworld partners who have applied for immunity to anti-trust cases, which would let them jointly price and market international flights without fear of [...]
No festive joy for shaky Hammers against Blues December 17, 2009 WEST HAM vs CHELSEA SUNDAY, 4.00PM SKY SPORTS 1 THE Premier League has been something of a baptism of fire for Gianfranco Zola and he has certainly suffered more than his fair share of bad luck. Financial crises and key injuries have caused big problems for the Hammers and the way they capitulated at Bolton [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 15, 2009 FINANCIAL TIMES MYNERS TO BOOST PROTECTION OF BANK CLIENTS PLANS to increase protection for clients and counterparties of failing investment banks will be unveiled by the Treasury today in an effort to prevent a repeat of the legal wrangling around the collapsed Lehman Brothers. The move is aimed at ensuring an orderly wind-down of investment [...]
BARROW-BOY BROKERS CONSIDER THEIR CHANCES IN SLEEPY ZURICH December 15, 2009 EVER since inter-dealer broker Tullett Prebon revealed on Monday it would allow its staff to relocate to more favourable tax regimes if they wish to avoid the government’s crackdown, the City has been a hotbed of gossip about whether or not the move will indeed spark a much-feared exodus of talent from our shores. Inside [...]
It’s all Gold for Hammers as ex-City duo lodge £50m bid December 14, 2009 FORMER Birmingham City co-owners David Gold and David Sullivan stepped up their expected takeover of struggling West Ham last night by lodging a formal £50m bid. The Hammers are seeking new owners following the bankruptcy of Icelandic chairman Bjorgolfur Gudmundsson, while shirt sponsors, the XL holiday company, also went out of business. Gold, meanwhile, has [...]
New book reveals the City by night December 14, 2009 WORKING in the City, our lives are often stressful and fast-moving. It is easy when you are rushing from meeting to meeting to forget that the Square Mile is also one of the most striking places in the world. From the Victorian banks to the modern sky-scrapers, the centuries have left their imprint on the [...]