A central London property means you can avoid the Tube crush and commute on foot March 25, 2010 ONE in 500 Londoners currently walks to work, and those who have witnessed the capital’s rush-hour crush, when mild-mannered professionals turn into a baying rabble, stamping over the elderly, the sick or the pregnant – anyone who gets in between them and a seat – will understand the appeal of this arrangement. The journey to [...]
City workers slam class war Budget March 24, 2010 THE City was left unconvinced by yesterday’s Budget, slamming Darling for failing to provide a clear outline on how the government was planning to reduce its huge deficit. Banks were being sent a contradictory message, critics said, pointing out that Darling has asked nationalised banks such as Lloyds and the Royal Bank of Scotland to [...]
Darling: Lend or we will cut bank bonuses March 24, 2010 THE government is threatening to slash bonuses at state-owned Lloyds Banking Group and Royal Bank of Scotland (RBS) if they miss their target of lending £94bn this year. Government papers published alongside chancellor Alistair Darling’s Budget said UK Financial Investments, which controls the taxpayer’s stake in the banks, had the power to “work with the [...]
WHAT ARE YOUR PREDICTIONS FOR WEDNESDAY’S BUDGET? March 21, 2010 ROGER BOOTLE | DELOITTE “The chancellor will point to the fragility of the economic recovery in resisting calls from some economists for a faster fiscal consolidation. Any modest proceeds from lower unemployment and the bonus tax windfall are likely to be largely spent rather than saved, hardening the election battle lines.” DAVID BUIK | BGC [...]
Captain marvel can go steady for Eddie March 15, 2010 TOP trainer Eddie Harty is backing Captain Cee Bee to justify his favouritism in his bid for Arkle glory at Cheltenham this afternoon. Harty tasted Festival success with Cee Bee two years ago when the horse romped home in the Supreme Novices’ Chase. He sat out the whole of last season with injury, but has [...]
Get Me Out Of Here can get Festival off to a flyer March 15, 2010 WILLIAM Hill are as short as 4/6 about Irish raider Dunguib in the Supreme Novices’ Hurdle, the opening contest of the four day meeting. Last year’s Champion Bumper winner could well be something special, but that is more than reflected in his price. I think he will probably win, but certainly wouldn’t be backing him [...]
Fans oppose a rival bid to Red Knights March 15, 2010 A mysterious rival bidder hoping to exploit the unrest at Manchester United will face criticism from fans as fierce as that directed at the Glazers. Last week we revealed a second bidder was mulling over making an offer for the club in the wake of recent protests. But Manchester United Supporters’ Trust (Must) president Duncan [...]
Tories insist that City has faith in Osborne March 11, 2010 THE Tories yesterday insisted the City had faith in George Osborne, after our City A.M. reader panel said Ken Clarke would make a better chancellor. Shadow business secretary Clarke was the first choice of 36 per cent of readers on the City A.M. / PHI Panel, recruited to represent a cross-section of London’s business community. [...]
City mourns Sir Brian Pitman March 11, 2010 SIR Brian Pitman, one of the most respected bankers of his generation, has died aged 78. Pitman, who was latterly chairman of Virgin Money, led Lloyds Bank for 18 years before retiring almost a decade ago. In his time as chief executive and then chairman of Lloyds, Pitman built the bank from a £1bn business [...]
White Knight could rival the Red Knights’ Old Trafford bid March 11, 2010 A SECOND bid to buy Manchester United from the Glazer family is brewing, City A.M. has learned. A group of wealthy City figures are desperate to wrest control of the club with a bid worth around £1.25bn. But sources close to the deal say a rival “White Knight” bid could materialise as wealthy foreign investors [...]