WHAT DO YOU MAKE OF ALISTAIR DARLING’S WHITE PAPER? July 8, 2009 RICHARD LAMBERT DIRECTOR-GENERAL, CBI“We recognise the case for new regulations to ensure that financial crises of the kind we have experienced are not repeated. We do not see the advantage of pre-funding the already successful Financial Services Compensation Scheme. There is also a risk of over-regulating financial product design.” ANGELA KNIGHT CHIEF EXECUTIVE, BBA“Much of [...]
Penguin chops 100 UK staff July 7, 2009 CONSUMER book publisher Penguin yesterday confirmed that it will axe up to 100 jobs in its London offices as it implements a series of changes designed to position the company for the digital era. The Pearson-owned publisher has entered into a period of consultation with employees regarding the dismissal of around 10 per cent of its [...]
Penguin chops 100 UK staff July 7, 2009 CONSUMER book publisher Penguin yesterday confirmed that it will axe up to 100 jobs in its London offices as it implements a series of changes designed to position the company for the digital era. The Pearson-owned publisher has entered into a period of consultation with employees regarding the dismissal of around 10 per cent of its [...]
Hedge funds enlist Boris in fight against EU plans July 5, 2009 LONDON’S role as a financial centre will be damaged unless the UK can secure changes to the European Commission’s proposals on the regulation of hedge funds, alternative investment managers will tell London mayor Boris Johnson this week. Paul Marshall of the Alternative Investment Managers’ Association (Aima) will join forces with Simon Walker, chief executive of [...]
City must beware tit-for-tat finance regulations July 5, 2009 It has often been said that the UK should aspire to be a “bridge” between the US and the European Union. Well, the reform of financial regulation and supervision is a case in point. During my recent visit to Washington I met senior administration officials in the White House and Treasury, regulators at the SEC [...]
Covering up in style July 2, 2009 GOING to the beach is a whole fashion experience. Think you can get away with your swimsuit and an old T-shirt or sundress? No way. The sun, sand, sea or pool call for a lot more. Leaving aside totes, towels, deckchairs, designer suncream, fetching hats and gleaming sandals, let’s focus on your body. What you [...]
When the going’s tough, the City goes shopping June 28, 2009 SIR Stuart Rose has recently waived more than £1m worth of Marks & Spencers share options, and could come under more pressure at this week’s annual meeting. Discount retailers like Aldi and Lidl have just announced a slowdown in growth, while on TV Mary Portas has moved from advising high street stores to charity shops. [...]
Debenhams raising flops June 23, 2009 HIGHSTREET retailer Debenhams yesterday said its shareholders had taken up just a third of its share offering in a £323m fundraising. The department store chain launched the cash call earlier this month to achieve chief executive Rob Templeman’s aim of taking its £900m debt mountain “off the agenda”. Britain’s second largest high-street retailer said 73,388,851 [...]
Debenhams raising flops June 23, 2009 HIGHSTREET retailer Debenhams yesterday said its shareholders had taken up just a third of its share offering in a £323m fundraising. The department store chain launched the cash call earlier this month to achieve chief executive Rob Templeman’s aim of taking its £900m debt mountain “off the agenda”. Britain’s second largest high-street retailer said 73,388,851 [...]
House of Fraser denies sell off June 16, 2009 House of Fraser yesterday moved to quash market rumours that it was considering selling its stores and said it was trading ahead of expectations, with sales growing in the last 12 weeks. The group said it had no plans to sell any of its 62 stores and had sufficient capital “to meet all its obligations [...]