Europe
Mile-high bid to step up to a better class
©Corbis ‘For those seeking a way out of the economy cabin, a number of airlines, including Virgin Atlantic, Etihad, Austrian Airlines and Tap Portugal offer a facility whereby you tell them what you are prepared to pay to get upgraded.’ Financial Times, May 15 Am I supposed to be impressed? Isn’t the normal method of [...]
Europe
Week in review, May 18
©Bloomberg Tony Hayward’s job at Glencore Xstrata is to supervise the search for a successor to Sir John Bond A round up of some of the week’s most significant corporate events and news stories. Corporate person in the news: Tony Hayward Tony Hayward and Ivan Glasenberg have many things in common. They were born in [...]
Banks
Jamie Dimon, the last king of Wall Street
Jamie Dimon might as well be dead, such is the rush of eulogies from corporate titans. Warren Buffett, Jack Welch, Michael Bloomberg and Rupert Murdoch are among those to have praised America’s most famous banker, ahead of a contentious vote on whether he should remain chairman and chief executive of JPMorgan Chase. At 57, Mr [...]
Europe
Ukrainian starts legal fight in London
©Getty Three of Ukraine’s richest men are engaged in a multibillion dollar legal battle in London. It is the latest example of big-ticket litigation in the UK between oligarchs who amassed wealth after the Soviet Union’s collapse. Victor Pinchuk, a former Ukrainian politician whose interests range from metals to media and who numbers Elton John [...]
Services
New money put City’s reputation at risk
©John Wellings In early 2007, at the height of the debt boom, a group of powerful investors issued a stark private warning to the City’s regulator: the reputation of London’s prestigious stock market was under threat. FTSE indices of blue-chip shares were flooded with recent issues from companies controlled by a new breed of business [...]
Europe
Mile-high bid to step up to a better class
Posted on 18 May 2013
©Corbis ‘For those seeking a way out of the economy cabin, a number of airlines, including Virgin Atlantic, Etihad, Austrian Airlines and Tap Portugal offer a facility whereby you tell them what you are prepared to pay to get upgraded.’ Financial Times, May 15 Am I supposed to be impressed? Isn’t the normal method of [...] Continue Reading
Europe
Week in review, May 18
Posted on 18 May 2013
©Bloomberg Tony Hayward’s job at Glencore Xstrata is to supervise the search for a successor to Sir John Bond A round up of some of the week’s most significant corporate events and news stories. Corporate person in the news: Tony Hayward Tony Hayward and Ivan Glasenberg have many things in common. They were born in [...] Continue Reading
Banks
Gearing and gaming of water must stop
Posted on 18 May 2013
This wasn’t how it was supposed to be. When water floated (as the ads cringingly put it 20 years ago) the monopolies were to be controlled by a combination of regulation and comparison, putting the weaker of the 10 privatised water businesses under pressure to shape up. It worked until the managements got bored with [...] Continue Reading
Banks
Jamie Dimon, the last king of Wall Street
Posted on 18 May 2013
Jamie Dimon might as well be dead, such is the rush of eulogies from corporate titans. Warren Buffett, Jack Welch, Michael Bloomberg and Rupert Murdoch are among those to have praised America’s most famous banker, ahead of a contentious vote on whether he should remain chairman and chief executive of JPMorgan Chase. At 57, Mr [...] Continue Reading
Banks, Europe
Spain’s pain will be longer-term gain
Posted on 18 May 2013
“Extend and pretend” could be a phrase to help yoga amateurs. In fact it is a practice that many European banks have been following since the outbreak of the financial crisis. And it is one that gives the lie to the optimism prevailing in the region’s markets. In March the IMF gave an upbeat report [...] Continue Reading
Finance
Trader’s Diary: What earnings forecasts tell us
Posted on 18 May 2013
Wall Street is at all-time high and the S&P 500 and Dow Jones have for the first time topped 1,600 and 15,000 respectively. Passing milestones such as these usually prompts soul-searching among investors, especially for those who have missed out so far. Can the mighty bull run that began in March 2009 extend further? The [...] Continue Reading
-
CATEGORIES
- Banks (3783)
- Currency Wars (55)
- Euro in Crisis (1315)
- Europe (4171)
- Finance (1039)
- Luxury (1383)
- Services (3075)
-
ARCHIVES
- May 2013 (512)
- April 2013 (780)
- March 2013 (375)
- February 2013 (816)
- January 2013 (419)
- December 2012 (388)
- November 2012 (766)
- October 2012 (883)
- September 2012 (645)
- August 2012 (777)
- July 2012 (1046)
- June 2012 (864)
- May 2012 (1053)
- April 2012 (706)
- March 2012 (863)
- February 2012 (922)
- January 2012 (273)
- December 2011 (1)
- November 2011 (2)
- October 2011 (2)
- May 2011 (1)
- July 2010 (1)