Bolland’s exit creates a gap November 22, 2009 Marc Bolland’s defection from WM Morrison to Marks & Spencer may have signalled the end of one succession saga – but has promptly sparked another, as the City clamours to predict who will fill the Dutchman’s shoes. Bolland is widely credited with transforming Morrison’s after its problematic acquisition of Safeway in 2004. When news broke [...]
Cineworld profits on the up despite the downturn October 27, 2009 CINEWORLD revealed a solid third-quarter trading performance yesterday, despite the economic downturn and decline in screen advertising. The group posted healthy trading with total revenues up 6.5 per cent in the 43-week period to 22 October. This was largely due to the 10.9 per cent growth in box office sales and five per cent growth [...]
Sir Stuart again failed to tell the City his succession plans November 4, 2009 ONE of the most hotly-debated succession sagas looks set to keep on rolling as M&S yesterday shunned questions about how the search for Sir Stuart Rose’s successor was progressing. Rose furiously batted away questions on the M&S’s succession plans, despite it being a concern weighing heavily on many analysts’ minds. “I’m not answering questions on [...]
Schumacher backs Vettel to ruin Button title dream October 13, 2009 SEVEN-TIME world champion Michael Schumacher is backing Sebastian Vettel to pull off a sensational comeback and pip Jenson Button to the Formula One title. With two races of the season to go, Vettel lies third in the standings with Rubens Barrichello two points ahead in second and Button a further 14 points in front. But [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 22, 2009 THE SUNDAYSThe Sunday TelegraphWOMEN DIRECTORS EARN 50PC LESS THAN MENFemale board directors in the FTSE 350 are being paid half as much as their male counterparts, new research has found. The average female board director took home £178,246 in salary, bonuses, benefits and pension contributions in the 2008-09 financial year, while the average male director [...]
BLUE-BLOODED CAZENOVE AND THE MYSTERY OF A TRUE ANCIENT RELIC November 19, 2009 BLUE-blooded City stockbroker Cazenove might have officially agreed to surrender the rest of itself to US investment bank JP Morgan, but something tells The Capitalist the die-hards won’t be ready to forget the firm’s noble heritage in a hurry. Lunch yesterday was with a City chum who remembers Caz’s days at its old headquarters in [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 5, 2009 FINANCIAL TIMESUK COURT RELAXES CURB ON SAAD CASHA bitter legal dispute involving prominent Saudi Arabian businesses and families opened in the English courts yesterday, with Maan al Sanea failing to overturn a $9.2bn (£5.8bn) freezing order on his worldwide assets. The High Court eased the order to allow the billionaire $4m spending money a year [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 5, 2009 FINANCIAL TIMESUK COURT RELAXES CURB ON SAAD CASHA bitter legal dispute involving prominent Saudi Arabian businesses and families opened in the English courts yesterday, with Maan al Sanea failing to overturn a $9.2bn (£5.8bn) freezing order on his worldwide assets. The High Court eased the order to allow the billionaire $4m spending money a year [...]
Pietersen suffers fresh Achilles setback August 11, 2009 ENGLAND batsman Kevin Pietersen’s place in the squad for next month’s ICC Champions Trophy is in doubt after he suffered a setback in his recovery from Achilles surgery. Pietersen, 29, has had hospital treatment after an infection developed in the stitching of his scar tissue, it emerged yesterday. The Hampshire player was ruled out of [...]
Ronnie draws Jones into JJB conflict August 9, 2009 FORMER JJB chief executive Chris Ronnie yesterday hit back at his former employer in a desperate bid to clear his own name and muddy the reputation of executive chairman Sir David Jones. In an email circulated to the press Ronnie said that he and Jones had been working on taking the retailer private last year. [...]