Back to basics is not the way to resolve high pay November 27, 2011 EXECUTIVE Pay is out of control – official. That’s the message from last week’s High Pay Commission report, which claims that “excessive top pay is deeply damaging to the UK as a whole, and action is urgently required to address it.” However, on the subject of long-term incentives, in particular, it is just plain wrong. [...]
Markets slip as Italy debt crisis deepens November 9, 2011 Dramatic political changes at two of the Eurozone’s crisis-ridden economies initially boosted world stocks but markets went into reverse as it became clear that Italy’s debt woes were escalating. Italian Prime Minister Silvio Berlusconi said late yesterday that he would step down after parliament passes budget reforms. Greece, meanwhile, was working create a consensus government [...]
Feel refreshed with a winter weekend in Fjord Norway December 11, 2011 ADVERTISEMENT FEATURE As winter sets in, and one long dark evening seems to stretch into another, it is tempting to batten down the hatches and reach for the remote. Commutes home in the darkness, followed by evenings spent glued to the sofa, remote in hand, can leave even the most cheerful of souls feeling lethargic [...]
LLOYD BLANKFEIN GETS HIS JUST DESSERTS FROM BUSINESS ELITE November 6, 2011 THERE WAS only one sour note at the Goldman Sachs and Financial Times Business Book of the Year awards – the Roquefort-flavoured ice-cream, which went down about as well as sovereign debt exposure at MF Global. “I’m not sure about this,” said Jonathan Taylor from HM Treasury as he laid down his spoon with a [...]
Eight months of pressure that left Osório exhausted November 2, 2011 QUESTIONS were raised yesterday over the man brought in as the miracle-worker who would execute a speedy turnaround of bailed-out banking giant Lloyds. Expectations could hardly have been higher when the appointment of António Horta-Osório, former CEO of Santander UK, was announced, almost precisely a year ago. He rode a wave of admiration in the [...]
BEST OF THE BROKERS August 3, 2011 VODAFONE Citigroup rates the telecoms group “buy” with a target price of 195p. The broker reckons Vodafone’s dividend will rise 52 per cent to 13.5p next year thanks to partner Verizon’s payout pledge, and predicts a 44 per cent rise in free cash flow. However, Verizon’s new dividend policy will barely affect the firm’s earnings, [...]
BEST OF THE BROKERS August 3, 2011 VODAFONE Citigroup rates the telecoms group “buy” with a target price of 195p. The broker reckons Vodafone’s dividend will rise 52 per cent to 13.5p next year thanks to partner Verizon’s payout pledge, and predicts a 44 per cent rise in free cash flow. However, Verizon’s new dividend policy will barely affect the firm’s earnings, [...]
FTSE weak as investors eye G20 November 3, 2011 The FTSE 100 tracked falls in Asia as leaders of the world’s biggest economies gathered in France for a G20 summit set to be dominated by the threat of Greece falling out of the Eurozone. The leaders of France and Germany, angered at Greece’s shock move to call a referendum on its latest bail-out plan [...]
FTSE weak as investors eye G20 November 3, 2011 The FTSE 100 tracked falls in Asia as leaders of the world’s biggest economies gathered in France for a G20 summit set to be dominated by the threat of Greece falling out of the Eurozone. The leaders of France and Germany, angered at Greece’s shock move to call a referendum on its latest bail-out plan [...]
PERSONALITY | OF THE YEAR September 21, 2011 There was a strong case for each of the business titans on the shortlist for City A.M.’s prestigious personality of the year award. Ivan Glasenberg, chief executive of Glencore, pulled off the largest-ever float in London earlier this year, while Burberry chief Angela Ahrendts has done an “outstanding” job since taking the helm of the [...]