Top StanChart exec joins WHSmith board November 22, 2012 TOP banking executive Annemarie Durbin has been drafted in at high street retailer WH Smith as a non-executive director. Durbin, currently group head of corporate governance, property, environment and security at Standard Chartered, will replace Mike Ellis who steps down in January. Durbin, who has been at Standard Chartered Group for 17 years and worked [...]
Wall St up on housing and high earnings November 19, 2012 US stocks bounced higher for a second consecutive session yesterday as investors were encouraged by the early atmosphere surrounding talks to tackle the nation’s fiscal crunch. The Dow Jones industrial average gained 207.65 points, or 1.65 per cent, at 12,795.96. The Standard & Poor’s 500 Index was up 27.01 points, or 1.99 per cent, at [...]
Take Forpady to land Paddy Power at 33/1 November 15, 2012 THE Paddy Power Gold Cup (2.35pm) is the first big handicap of the jumps season and there is no other place to start than with last year’s winning trainer, David Pipe. Great Endeavour won the prize for a record ninth time for Pond House 12 months ago, following father Martin’s eight successes between 1987 and [...]
Knight Frank says house prices may not return to peak till 2019 November 6, 2012 THE DOWNWARD correction to house prices gathered pace in October, according to data out yesterday, while one estate agent today predicted prices would not reach their pre-recession peak until 2019. The UK’s average house price slid 0.7 per cent into October, according to the Halifax house price index, meaning prices are some 1.7 per cent [...]
Knight and Barber join TfL November 6, 2012 FORMER banking advocate Angela Knight and outgoing TUC head Brendan Barber have been confirmed as new members of the Transport for London board. The pair will be joined by Brian Cooke, the former chairman of London TravelWatch and supporter of Boris Johnson. The Mayor said yesterday the trio will bring “considerable expertise” to the board when [...]
100 residential towers planned across London October 29, 2012 DEVELOPERS have tall ambitions for London’s skyline, with more than 100 residential towers being built or planned across the capital, new research shows. Soaring residential land values and a booming population has prompted a revival in high-rise towers, which lost their popularity after a backlash against the concrete block disasters of the 1960s. A report [...]
Cheap doesn’t always mean bad but be prepared for a challenge October 29, 2012 bottleopener@cityam.com THE £5 bottle of wine has long been a staple in everyone’s shopping baskets but that’s changing. Today’s 20 per cent VAT and the general impact of inflation is quickly making it nothing more than a distant memory. With that in mind, accompanied by six City A.M. readers, I set on a quest to [...]
Focus On: Soho October 25, 2012 BEAK STREET, W1F Price: £3.99m This corner four-bedroom semi-detached house is located near Golden Square. It stretches six floors, has three kitchens and a basement, currently used as a bar, which can be put to other use. Contact Kinleigh Folkard & Hayward on www.kfh.co.uk or 020 3280 3541 HAT FACTORY AND BEAVER BUILDING, W1F Price: [...]
What the other papers say this morning October 24, 2012 FINANCIAL TIMES Walker plans Barclays clear-out Sir David Walker is planning a clean sweep of Barclays’ board after he formally becomes chairman of the scandal-tainted bank next week and will also oversee the replacement of some executive positions. The City grandee has been sounding out top figures over their suitability to join the bank in [...]
High-frequency trading does not boost volatility October 22, 2012 High-frequency trading (HFT) technology does not heighten market volatility or open the door to increased market abuse, according to a government report out today. The technique – which now accounts for a third of all UK equity trading – uses algorithms to make large numbers of trades and enables investors to profit from split-second moves [...]