Results tagged “finance”

Millwall have announced their best financial results in seven years after slashing their losses.

The Championship club revealed their losses for the year to June 2011 had fallen by £2.8million from the previous year to £600,000 - their best off-field performance since the 2003-04 season when they reached the FA Cup final.

News that Crossrail has been spared a substantial funding cut in the Government's spending review has been welcomed in Canary Wharf.

George Osborne confirmed to Parliament this afternoon that cash for the link, which will pass through the Wharf, has been ringfenced.

The Financial Services Authority's chief executive has defended the restructuring of financial regulation even though his own organisation is set to disappear.

Hector Sants told the audience at the FSA's annual public meeting yesterday that the new regulatory structure was needed - even if the banks don't like it.

Bankers are climbing the career ladder in stilettos. At least, that's what's happening according to Women in Banking and Finance (WIBF), a non-profit organisation set up to celebrate diversity in the boardroom.

WIBF, which runs a regular series of events and programmes dedicated to education, mentoring and networking opportunities, says more women than ever are climbing to the upper echelons in the banking and finance industry.

Bank of America is facing fraud charges for "duping shareholders and the federal government" over its merger with Merrill Lynch.

New York attorney general Andrew Cuomo announced this morning that he was filing a lawsuit against the bank, its former CEO Kenneth Lewis and CFO Joseph Price seeking "monetary relief and injunctions".

Confidence is returning to the financial recruitment to sector according to one of the industry's leading companies.

Despite bad news on national unemployment figures, put at 2.38million last week, financial recruitment specialists Joslin Rowe is now seeing that trend being bucked in the banking sector.

The Excel Centre has been selected to host the London economic summit in April.

The exhibition centre in the Royal Docks will be the focus of world scrutiny when international leaders and finance ministers from across the globe meet there on April 2 to discuss the economic crisis.

Millwall made a loss of £6.1million last season, exactly £1million more than the previous year.

Compensation payments to former manager Willie Donachie, sacked last November, and his backroom staff accounted for a large proportion of the figure.

Newsgatherer Thomson Reuters claims it is ahead of schedule with its planned merger savings as it revealed increased third quarter profits.

The Canary Wharf based company announced revenues of $3.3billion (£2.2billion), eight per cent up on the same period in 2007. Operating profit grew 17 per cent to $676million (£445million).