BREAKING NEWS: MEE TO RUN BLINDFOLDED March 27, 2012 Sky Sports presenter Sarah-Jane Mee is one of a handful of celebrities who have agreed to run the Standard Chartered Great City 5km Race blindfold on July 12 in aid of Seeing is Believing, a charity that has helped 25m people with sight problems. £5 of every runner’s entry fee will go towards the charity [...]
Vodafone and Tata call for a delay for bid March 25, 2012 INVESTORS sitting on the edge of their seat over the Cable & Wireless Worldwide bidding war might have longer to wait as Vodafone and Tata Communications are set to ask for an extension on the “put up or shut up” deadline imposed by the Takeover Panel. Vodafone’s original cut-off date of 12 March was extended [...]
Cable unit of India’s Reliance looks into a $1bn-plus Singapore market listing March 19, 2012 THE UNDERSEA cable unit of India’s Reliance Communications has applied to list in Singapore, two sources with direct knowledge of the matter said yesterday, potentially raising between $1bn and $1.5bn to help its parent pare a heavy debt burden. The unit will list as a business trust and has been keen to raise up to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 15, 2012 FINANCIAL TIMES OSBORNE WEIGHS 50P TAX RATE CUT George Osborne is considering announcing a cut in the 50p top rate of income tax to 45p in his Budget next week, after the Liberal Democrats showed willingness to drop their resistance in return for a clampdown on tax avoidance by wealthy people. THOMAS COOK TURNS DOWN [...]
TIME TO PUT ON THE RUNNING SHOES March 12, 2012 Now in its eighth year, the 2012 Standard Chartered City Race, to be run on 12 July at 19.15, is open for admission. Last year the 5km race through closed streets across the Square Mile attracted a record 6,500 runners from nearly 400 companies. Those who have raced before get priority places, while others can [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 8, 2012 FINANCIAL TIMES DEUTSCHE BANK TAPPED ECB FOR UP TO €10BN Deutsche Bank took as much as €10bn of European Central Bank emergency funding last week, despite deep reservations over the programme voiced by outgoing chief Josef Ackermann. Investors briefed by Deutsche Bank’s finance director and investor relations executives say the bank was persuaded by the [...]
MEET THE ADVISERS March 1, 2012 TOPSY MATHEW STANDARD CHARTERED Tata Communications has hired Standard Chartered bank to advise it as it considers a bid for CWW. Heading the team of financial advisers is Topsy Mathew, the Mumbai-based managing director of the bank’s corporate advisory division. In 2010, Mathew led StanChart to number three for deals in India, beating takeover king [...]
Sands sounds warning over red tape rush February 29, 2012 THE CHIEF executive of Standard Chartered has warned of the danger of an “avalanche” of global regulation as the bank posted record profits for the ninth consecutive year. Peter Sands said new capital rules could increase protectionism and described the regulatory agenda as “driven through the rear view mirror”. “All of us [banks] face the [...]
Standard Chartered reports record earnings February 29, 2012 Standard Chartered notched up a ninth consecutive year of record earnings in 2011 on the back of buoyant growth in Hong Kong and Singapore, though rising competition for staff pushed up its wages bill. London-based Standard Chartered, which makes more than three quarters of its profit in Asia, said on Wednesday strong growth in both [...]
Tiger banks paying high price for talent February 27, 2012 COMPARED to the billions-of-pounds worth of losses announced by RBS and Lloyds last week, HSBC’s record-breaking profit looks pretty impressive – even if it was flattered by an accounting gain. Like Standard Chartered, which reports tomorrow, HSBC is Asia-focused and free from the shackles of state control. That’s why the pair are in such rude [...]