Paulson gambles on US banking revival August 13, 2009 HIGH-PROFILE hedge fund manager John Paulson has taken a bet of more than $2.5bn (£1.5bn) on the recovery of US banks, handing a vote of confidence to a beleaguered Wall Street. Regulatory filings with the US Securities and Exchange Commission (SEC) show that Paulson bought 168m shares in Bank of America (BoA) during the second [...]
Fowle secures the top post at M&B pubs August 3, 2009 PUBS group Mitchells & Butlers yesterday announced it has appointed Adam Fowle as chief executive, who has been acting in the role since 21 May. Fowle was parachuted in as acting chief executive after an ill-fated 2007 joint venture with property tycoon Robert Tchenguiz forced the resignation of then executive Tim Clarke. Under Clarke pre-tax [...]
Bank bosses in fight to pay back funding May 19, 2009 AMERICA’S strongest banks will be allowed to begin paying back their Troubled Asset Relief Programme (TARP) funding in the next few weeks, ramping up the pressure on the chief executives of those who will be told to wait. President Obama’s administration has indicated that around five or six institutions will be the first to repay [...]
Bank bosses in fight to pay back funding May 19, 2009 AMERICA’S strongest banks will be allowed to begin paying back their Troubled Asset Relief Programme (TARP) funding in the next few weeks, ramping up the pressure on the chief executives of those who will be told to wait. President Obama’s administration has indicated that around five or six institutions will be the first to repay [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 2, 2009 FINANCIAL TIMES M&B SEEKS TO FEND OFF INVESTOR REBELLIONMitchells & Butlers is prepared to head off a potential rebellion by offering its two largest shareholders board representation. Drummond Hall, M&B chairman, is understood to be in talks with Joe Lewis, the Bahamas-based billionaire, and Elpida, the investment vehicle for Irish horseracing tycoons JP McManus and [...]
Crazy in lobe August 13, 2008 In the world of earrings, bigger and bolder is definitely better, says Zoe Strimpel Times are changing; we’re not quite the over-mortgaging, champagne slugging society we once were. And, odd as it may sound, earrings are as good a sign of the times as any. New figures from John Lewis show sales of jewellery are [...]