Q&A: BUYING February 4, 2010 Q.Dear Camilla, I am thinking about selling my home this year. But is it the right time given that there is both economic and political uncertainty at the moment? A.There has been a lot of positive press about property prices in recent weeks, which should support the UK housing market. For example, mortgage lender Nationwide [...]
Blackrock settles on City for London base February 4, 2010 BLACKROCK, the investment management group in which Barclays owns nearly 20 per cent, yesterday beat off Macquarie Bank to land a 25 year deal to base its London operations at Drapers Gardens in the City of London. The deal, which will see Blackrock paying £49 per square foot with a three year rent-free period, was [...]
CITY MOVES | WHO’S SWITCHING JOBS February 3, 2010 GLG Partners The asset management group has appointed Raffaele Costa as its new co-head of marketing. Costa, 40, has worked at GLG since it was founded in 1995, when he joined as a portfolio manager specialising in US and European equities. Prior to that, he was at Goldman Sachs. Costa will now work alongside co-chief executive [...]
City rents jump on supply crunch February 2, 2010 RENTS in the Square Mile will rocket by 19 per cent this year as a slowdown in the rate of new developments creates a supply crisis, property consultant Knight Frank warned yesterday. Rates are predicted to jump to £52.5 per square foot as international companies expand their City headquarters and the availability of space falls. [...]
Quins learn from mistakes to keep LV Cup hopes alive January 31, 2010 HARLEQUINS responded to a rollicking from head coach John Kingston to give themselves a chance of reaching the LV Cup semi-finals with a 16-13 win at London Irish. Kingston lashed out at his men after last week’s 45-20 Challenge Cup hammering by Cardiff Blues, but was full or praise yesterday as his side held off [...]
Calgary and Nozic look good at Donny January 28, 2010 THE SKYBET Chase, formerly the Great Yorkshire Chase, is always one of the trickiest punting puzzles to solve in the National Hunt calendar and tomorrow’s renewal looks as impossible as ever. David Pipe saddles SEVEN IS MY NUMBER who currently heads the betting at 7/1 with Boylesports after his bloodless victory in the Grade Two [...]
Renowned City veteran Sir Mervyn Pedelty dies January 28, 2010 Sir Mervyn Pedelty, chairman of Friends Provident and a former chief executive of the Co-op’s financial arm, has died at the age of 61. After a long career in financial services, he passed away on Tuesday, after a long illness, just 10 days after his birthday. The former TSB executive was also an independent director [...]
Paradise complete with tax benefits January 28, 2010 WITH taxes for top earners sure to increase in the coming years, there has been much talk of City types moving abroad. Switzerland has been the country mentioned most often. The lure of Geneva, Zurich and Zug, it is supposed, will prove irresistible to London-based bankers because of the low tax regime. But will it [...]
When you liberate your employees, productivity and profit will follow January 27, 2010 FREEDOM INC BY BRIAN M CARNEY AND ISAAC GETZ Crown Business Publishing, New York, £18.99 **** WE LIVE in a society in which we’re always watched – not just by the state, but in the workplace, too. Keen to cut costs and direct workforce activities with precision, employers create ever more laborious internal rules and [...]
MYNERS: WE DON’T WANT OBAMA PLAN January 24, 2010 CITY minister Lord Myners yesterday poured cold water on President Barack Obama’s bid to overhaul the banking rules, warning that Britain would not be following the proposed US reforms. Myners told City A.M. that efforts by the US administration to curtail banks’ investments in hedge funds, private equity and proprietary trading were “in no way [...]