Australia on top in women’s Ashes August 12, 2013 CRICKET: Opener Heather Knight scored an unbeaten 85, but England struggled on the second day of the women’s Ashes Test at Wormsley. Australia resumed on 243-3 and declared shortly before lunch on 331-6 after Alex Blackwell was dismissed on 54. England closed, in reply, on 172-6 with Knight spearheading the resistance.
City Moves for 12 August 2013 | Who’s switching jobs August 11, 2013 Aquila Capital The alternative asset management firm has announced the appointment of Dorothee Goerz as senior fund manager. Goerz has over 12 years’ industry experience, and specialises in value and event-driven investing. She joins from Aremus Partners, where she was a portfolio manager. Prior to that, she was a portfolio manager at Lombard Odier. She [...]
Knight Capital hit by losses August 7, 2013 KCG HOLDINGS, the US company formed by the merger of algorithmic traders Knight Holdings and Getco, last night slumped to heavy losses due to merger costs. Knight, previously a top Wall Street company, was a high frequency trader that came close to collapse after an algorithm misfired in August 2012, leaving the company with a massive bill. [...]
London housing begins to price out businesses July 28, 2013 BUSINESSES warned the government today that rising property prices could undermine investment in the capital, as firms struggle to keep up. According to the statement by the Confederation of British Industry (CBI) and KPMG, the shortage of housing has risen from companies’ third most pressing concern to their second since December, overtaking transport. The number [...]
Former Goldman Sachs chair to join Department for Education July 28, 2013 FORMER Goldman Sachs Asset Management chairman Jim O’Neill has been drafted in to work alongside Michael Gove as a Department for Education (DfE) non-executive director. O’Neill, who is famed for coining the Bric term for developing nations Brazil, Russia, India and China, will take up the post in September, the department stated last night. The [...]
UBS settles loan case as earnings soar 62 per cent July 22, 2013 SWISS bank UBS is paying SFr700m (£487m) to settle claims it overstated the quality of loans in the run up to the financial crisis, the lender announced yesterday. US regulators brought the case after complaints from Fannie Mae and Freddie Mac who claim they were misled by 18 institutions into buying bad debts without realising [...]
Sport Comment: Sir Chris? Save the honours for when our sporting heroes retire July 21, 2013 A RISE Sir Andy Murray. Sir Chris Froome. Sir Alastair Cook. It was almost arise Sir Lee Westwood but for a masterful final round from Phil Mickelson at the Open yesterday. It’s going to be a busy time for the sporting honours committee when they sit down and ponder handing out the gongs in the [...]
The changing skyline of Aldgate June 4, 2013 Aldgate is fast becoming a hub for mixed-use developments offering the best in modern living. Naomi Mdudu investigates. The east end isn’t the only area under major regeneration. Aldgate, which lies within the City Fringe, a transitional area between the financial district and east London proper, is quickly becoming a prime residential spot and is [...]
There are still many lessons to learn from the financial crisis April 13, 2013 MANY of us still remember vividly the events of 19 March 2008, when HBOS’s share price suddenly collapsed early in the morning, triggering intense interest in newsrooms and trading floors, and prompting the bank and the authorities to issue almost unprecedented denials. Laughably, HBOS claimed that it had “an exceptionally strong balance sheet.” The episode [...]
Fed comments soothe jitters on Wall Street February 26, 2013 NEW YORK REPORT US stocks rebounded from their worst decline since November yesterday after Federal Reserve chairman Ben Bernanke defended the Fed’s bond-buying stimulus and sales of new homes hit a four and a half year high. The S&P 500 had climbed six per cent for the year and came within reach of all-time highs [...]