It’s bargain time for Square Mile renters July 1, 2010 WITH prices still slightly down from their 2008 heights, now is the time to get into the London rental market if you or your company are looking for non-permanent living space in the capital. Traditionally, demand grows as the summer wears on and with the property market picking up, prices are only going to go [...]
Funds to be hit by bonus rules June 30, 2010 Cash bonuses to be capped at 30 per cent Hedgies and investment firms fall into EU’s net Politicians say clamp down will end risk-taking HEDGE funds and asset managers will be caught in the tough crackdown on bankers’ bonuses put forward by European Union politicians and member states last night. In the harshest measures yet [...]
Browne joins government as super-boss June 30, 2010 FORMER BP chief executive Lord Browne was confirmed as the coalition government’s “super-director” yesterday in a controversial move that puts him at the heart of Whitehall. The peer accepted the Liberal Democrats and Conservatives’ invitation to take the unpaid post of “lead non-executive director” in the Cabinet Office. He will be tasked with injecting private [...]
US stocks fall at end of worst quarter since 2008 US stocks fall at end of worst quarter since 2008 June 30, 2010 US stocks staggered to the end of a dismal second quarter yesterday in another low volume session as investors found little reason to take on risk after conflicting economic data. The day ended like many during the quarter, with a late-day sell-off as buying interest waned and investors sold underperforming stocks in the worst quarter [...]
Knight Vinke builds up a stake in Kesa June 28, 2010 Activist investor Knight Vinke has bought a three per cent stake in electrical retailer Kesa. The move sent shares up nearly two per cent, amid speculation the investor may push for the group to be broken up. Knight Vinke is known for its activist tendencies, having demanded changes at firms including HSBC, Royal Dutch Shell, [...]
Alchemy sells Pierce stake June 27, 2010 ALCHEMY Partners will sell its stake in broker Seymour Pierce as it attempts to scale down its investments in the wake of the departure of founder Jon Moulton. Alchemy acquired 29.9 per cent of the City’s biggest small-cap brokerage after throwing its weight behind a management buyout in 2003. The Seymour Pierce employee benefit trust [...]
Let the travelling by boat take the stress out of commuting June 24, 2010 IN warm weather those living near the river in London have a big advantage. It’s not just the views or access to riverside beer gardens – it’s the fact that they don’t have to jam themselves into sweat-drenched Tube carriages and buses when they can drift merrily to work by boat instead. When commuting comes [...]
There’s nothing that says well done me quite like a bodacious one-man palace June 24, 2010 YOU’VE given your life to work – and you’ve made a mint in return. It’s high time you rewarded yourself with a show-stopper of a home.?Don’t beat around the property bush – buy yourself a bachelor pad with all the bells and whistles, a home you love so much you’d be happy to live in [...]
AFTER FINANCE AND FILMS, CITY VETERAN IS STILL FULL OF BEANS June 24, 2010 WILL that Stefan Allesch-Taylor ever stop adding to his already thickly-strung bow? A City veteran of some stature (quite literally: Allesch-Taylor stands a formidable 6’10” tall), he is best known as the founder of boutique Mayfair-based investment bank Fairfax. In addition to that, his CV lists top positions at any number of firms, including Clearbrook [...]
City gives lukewarm thumbs up to Osborne’s plan June 22, 2010 CITY stalwarts displayed cautious approval in the wake of the emergency Budget yesterday, as the chancellor’s plans settled some nerves over UK spending. CBI director-general Richard Lambert said the five-year route map for corporation tax “provides much-needed consistency and certainty”, which combined with proposals on foreign profits and intellectual property could reverse the tide on [...]