The Evening Standard (London, England) articles from August 2007

The Evening Standard (London, England) archives from August 2007

Evening Standard, London, City Spy column.(Column)
August 1, 2007... Aug. 1--IT'S NOT what you know, but who you know. Online recruitment firm eFinancialCareers.com reckons three-quarters of City boys and girls going into banking rely more on contacts than ability when applying for jobs. Euan Blair's internship...

Evening Standard, London, Anthony Hilton column.(Column)
August 1, 2007... Byline: Anthony Hilton Aug. 1--Prudential, which reported today, and Legal & General, which came out last week, are big players in the bulk annuity market. Both say the reduction in the deficits of pension funds have led to a big jump in...

Evening Standard, London, market report column.(Column)
August 1, 2007... Byline: Mickey Clark Aug. 1--Just when City investors thought it was safe to move back into the stock market they found themselves on the receiving end of yet another mauling by the bears. In what promised to be another jittery day for...

Evening Standard, London, City Spy column.(Column)
August 2, 2007... Aug. 2--Conspiracy theorists are thriving on how the High Street banks came up with their numbers for the amount paid out to customers who have challenged their extortionate overdraft charges. First came HSBC, which has some 13 percent of...

Chiantishire falls to the German army of tourists.
August 2, 2007... Byline: Allan Hall Aug. 2--According to the cliche, they steal all the deckchairs on the beach. Now the Germans are going one step beyond to hog everything. Europe's largest tourism company TUI -- itself German -- has bought an entire...

Evening Standard, London, Anthony Hilton column.(Column)
August 2, 2007... Byline: Anthony Hilton Aug. 2--A LESSON ON WHO'S REALLY IN CHARGE IN CREDIT MARKETS: The event that told us most about what is happening in the economy and the credit markets this week was not the meeting of the Bank of England's monetary...

Bank of England looks set to keep interest rates on hold.
August 2, 2007... Aug. 2--The Bank of England was today faced with a crunch decision on interest rates. Members of the Bank's monetary policy committee met to set rates for the month, having raised the cost of borrowing five times since last August. The Bank was...

Evening Standard, London, market report column.(Column)
August 2, 2007... Byline: Mickey Clark Aug. 2--Traders were braced for a further sell-off of shares on both sides of the Atlantic after it emerged that last night's big rally by the Dow Jones Average in New York was all a big mistake. Today it emerged...

Bankruptcies go soaring to 30,000 in three months.
August 3, 2007... Aug. 3--Rising interest rates are forcing record numbers of people into insolvency, data due out today will show. Official figures are expected to confirm that in the three months from April to June, more than 30,000 became bankrupt. Separate...

Evening Standard, London, City Spy column.(Column)
August 3, 2007... Aug. 3--YET MORE time-wasting on social networking site Facebook, set up for spotty teenagers but hijacked by the apparently intelligent corporate world. A legal blog explains how Facebook is being used by lawyers looking to schmooze clients....

Evening Standard, London, Anthony Hilton column.(Column)
August 3, 2007... Byline: Anthony Hilton Aug. 3--Given that so many hedge fund strategies resemble running on to a motorway to pick up pennies, I have always been sceptical of their claims to have adequate risk controls and therefore have little sympathy...

Evening Standard, London, market report column.(Column)
August 3, 2007... Byline: Mickey Clark Aug. 3--Biffa has joined the growing list of stock market new issues that have failed to live up to investors' expectations. Today, shares of the waste disposal group slumped 7 1/4p to trade at another new low of...

Struggle to keep talent as skills shortage bites.
August 3, 2007... Byline: Hugo Ducan Aug. 3--A shortage of skilled workers has sparked a war for talent in the Square Mile with firms bidding against each other for the best staff. City recruiter Robert Walters said one in three high-flyers headhunted...

US prosecutors target insider-trading ring.
August 3, 2007... Byline: Bill Condie Aug. 3--US finance watchdogs are poised to make a fresh series of arrests, as they begin to break a suspected insider-trading ring that appears to have been operating in many stock and options markets over several...

Evening Standard, London, business briefs column.(Column)
August 6, 2007... Aug. 6--CHRYSLER BOSS WILL START HIS NEW JOB ON JUST $1 A YEAR: Multi-millionaire Robert Nardelli, 59, is to take an annual salary of just $1 as new chairman and chief executive of struggling carmaker Chrysler. Private-equity owner Cerberus...

Evening Standard, London, City Spy column.(Column)
August 6, 2007... Aug. 6--THE five major High Street banks have paid out a total of [pounds sterling]405 million in the past six months to customers who complained about their overdraft charges. Most of them thought this important enough to flag up pretty...

Evening Standard, London, Anthony Hilton column.(Column)
August 6, 2007... Byline: Anthony Hilton Aug. 6--People speculating about why New York's Nasdaq changed its mind and decided to stop making life difficult for the London Stock Exchange (LSE) in its pursuit of Borsa Italiana, seem to have ignored the most...

Evening Standard, London, market report column.(Column)
August 6, 2007... Byline: Mickey Clark Aug. 6--City speculators reckon ICI's days as an independent company are numbered. The company has agreed to open its books to Dutch giant Akzo Nobel and that helped drive the price up 8p today to a new high of 639...

Evening Standard, London, market report column.(Column)
August 7, 2007... Byline: Mickey Clark Aug. 7--Share prices bounced back from yesterday's losses, supported by big gains on Wall Street overnight. But dealers are asking themselves whether this is the start of a sustained rally or just a dead-cat bounce....