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 [...]
FTSE strikes two month high amid weak trading yet lags euro stocks December 6, 2012 BRITAIN’S top share index hit a two-month high yesterday, fuelled by risk-sensitive stocks, but lagged European peers as wary investors met resistance around previous year highs. At the close, the FTSE 100 was up 9.34 points at 5,901.42. The index’s 0.2 per cent rise lagged the German DAX and the pan-European FTSEurofirst 300, up 1.1 [...]
First winter snowstorm shuts airports and causes rail havoc December 5, 2012 THE FIRST big snowstorm of the winter forced Stansted Airport to close for around two hours this morning and caused disruption on train routes into London. Stansted re-opened its runway shortly after 8am, having cleared two inches of snow, but the closure caused around 40 cancellations and delays for frustrated passengers for the rest of [...]