The City of London is expected to have a large financial downturn within the next two years. Analysts are already expecting that this loss of jobs willl be worse than the previous crash of the dotcom market. It is estimated that at least twenty thousand jobs will be lost within the financial and banking sector over the next twenty-four months.

According to the information published by the Centre of Economic and Business Research (CEBR), at least ten thousand jobs will be done away with by the end of the year. It is predicted that the level of employment previously had at the year will not return until 2012.

The areas that will be hardest hit involve anything to do with credit, for example investment banking and corporate finance. To start the ball rolling, at least two thousands jobs have been lost at Citigroup’s London and New York Offices.

Tags: Uncategorized by Lashan Clarke
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A new property investment fund has been established this week, with Anglo-Romanian Development (ARD) to be the Asset Manager.

This new fund has been set up by Catalyst Global Funds LLP, who have been open about their attempts to make use of ARD’s considerable experience with the Romanian property market and set up a framework that will deliver high-end returns. During 2007, ARD increased their annual property investments by 40%.

Lawrence King, an employee from Catalyst Global, made a statement regarding ARD’s involvement, which is to be lead by Alex Pintea. King said that Catalyst believes ARD to be the ultimate choice for fund managing in the region and that they are expecting to quickly see approximately £20,000,000 invested in the property market.

Due to the style of investments implemented by both ARD and Pintea, the company is competing strongly against competition, by being highly exclusive in the opportunities that they partake of. Pintea has said that this form of investment, in the expanding market of Romania, will lead their client’s to higher profits, and growth rate, than those in the U.K market.

Tags: European Economy News, Uncategorized by Elisha Sanders
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