£250,000 extra to find a castle fit for a Carney December 19, 2012 INCOMING Bank of England governor Mark Carney will receive an annual housing allowance of £250,000 to cover the cost of renting in London, it was revealed yesterday. This is on top of his salary of £480,000 and an annual payment of £144,000 in lieu of pension contributions. The total package is worth £874,000 per annum. [...]
UK population growth fastest since the 1950s December 17, 2012 THE UK population has grown at its fastest pace since the post-war baby boom in the past decade, according to the 2011 census figures out yesterday. On census night, there were 63,181,775 people living in the United Kingdom, the Office for National Statistics said. The country has gained a net 4.1m people, or almost seven [...]
City scribbler aims to make a killing with thriller for charity December 16, 2012 THIS evening sees the launch of Michael Crawshaw’s thriller novel To Make A Killing, at the London Capital Club. Crawshaw has previously worked as head of European research at Citigroup and head of research at Schroders. However he has penned his debut Cit-lit to raise money for Joanna Lumley-backed charity Hands Together. The prime suspect [...]
As more Christmas shoppers choose to buy online, can the British high street survive? December 16, 2012 YES Rob Myers Regardless of how the internet evolves, you can’t try on a pair of the latest shoes or feel the quality of a gift for a loved one. Our research has shown that, far from killing the high street, the internet is lending itself as a valuable tool in the retailer’s armoury. The [...]
At the end of the day the business cliche just masks woolly mindedness December 13, 2012 LET’S open the kimono. The language of business is a joke. It now seems to be best practice to get your ducks in a row for corporate meetings by memorising phrases like value proposition, point person and core competency. At the end of the day, buzz phrases and bizarre metaphors may take it to the [...]
That’s a wrap: Citi’s tardy trader gets extra paperwork December 11, 2012 A TRADER over at Citi clearly hasn’t heeded The Capitalist’s recent warning about office Christmas party hijinks, which result in one in ten festive revellers being disciplined at work the next day. At a desk at Citi, one team decided to take the matter of punishment into their own hands when a colleague was AWOL [...]
Hedge fund’s new man to put a leash on costs December 10, 2012 HEDGE fund Man Group, the largest listed alternatives asset manager on the FTSE, yesterday turned the reins of the business over to its chief operating officer in a bid to drive home a cost cutting agenda and turn the faltering outfit around Emmanuel “Manny” Roman, who is the former co-chief executive of Man subsidiary GLG [...]
Half-term holidays give a boost to Gatwick’s passenger figures December 10, 2012 HALF-TERM getaways helped Gatwick Airport post a 4.2 per cent rise in traffic during November, Britain’s second-busiest airport said yesterday. Gatwick credited the earlier autumn half-term break this year for some of the uptick, which took its passengers for the month to 2.23m. In the year to the end of November, traffic has risen 2.8 [...]
Gold surprise at hedge fund Christmas bash December 10, 2012 TIS the season for the annual office Christmas party. Never an event to miss, and especially so for the employees of one particular City hedge fund, who will be pleasantly surprised when they sit down to their Christmas lunch this year. The founder of online bullion delivery company Bullion By Post, Rob Halliday Stein, tells [...]
Rolls-Royce looked at claims over payment in Indonesia December 9, 2012 THE SERIOUS Fraud Office (SFO) is examining claims that engineering group Rolls-Royce paid millions of pounds to the son of the former leader of Indonesia. Rolls-Royce shares tumbled on Thursday after it revealed that it had handed information to the SFO about claims of malpractice in Indonesia and China. It is understood that Rolls-Royce uncovered [...]