Washington DC October 23, 2011 Food DC’s West End lies within an easy stroll of the White House, so there are plenty of opportunities for “power dining” among the area’s officials, lobbyists – and visitors alike. The Old Ebbitt Grill’s Oyster Bar is rightfully renowned, has an authentic Victorian interior, and being two blocks from the White House was a [...]
A chance to build Britain’s answer to Luxembourg September 25, 2011 IT IS clear that one of the things the UK needs most right now is new jobs. Real, private sector jobs. And above all in the regions away from the southeast of England. This month, the ONS has reported the largest increase in unemployment in nearly two years, as the number of people unemployed in [...]
Britain’s Sage loses out to US firm in race for Australian IT company August 21, 2011 BRITAIN’S Sage has lost out in the race to buy Australian software firm MYOB, after it was beaten by a US private equity house. Bain Capital has agreed to purchase the accounting software company for about $1.3bn (£790m), trumping both Sage and private equity outfit Kohlberg Kravis Roberts. Sage was forced to abandon its bid [...]
Britain’s Sage loses out to US firm in race for Australian IT company August 21, 2011 BRITAIN’S Sage has lost out in the race to buy Australian software firm MYOB, after it was beaten by a US private equity house. Bain Capital has agreed to purchase the accounting software company for about $1.3bn (£790m), trumping both Sage and private equity outfit Kohlberg Kravis Roberts. Sage was forced to abandon its bid [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 16, 2011 FINANCIAL TIMES CHOPPY MARKETS THREATEN EMI SALE Turbulent financing markets could derail Citigroup’s attempt to sell EMI, according to people close to the $3bn-plus auction who warned that the US bank could abandon the sale if it cannot squeeze higher offers from bidders. The bidding process remains fluid, with Citigroup expected to decide within two [...]
Following Soho’s Norman invasion October 19, 2011 RUSSELL NORMAN was the former operations director at Caprice Holdings, where he launched concepts such as the Ivy Club with Mark Hix, chef director at the time. He left in 2008 to set up Polpo, a Venetian bacaro, which serves small Italian plates in an informal setting. Following Polpo’s success (which was recently named 25th [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 9, 2011 FINANCIAL TIMES WATCHDOG HITS FRENCH AUDITORS French auditors have been lambasted by the UK’s leading accountancy regulator for their performance during the Greek debt crisis. Stephen Haddrill, chief executive of the Financial Reporting Council, criticised the way French banks and insurers had been allowed by their auditors to post smaller losses on Greek government bonds [...]
London lets the world in October 26, 2011 TWENTY-FIVE years ago today the doors of the London Stock Exchange were blown wide open. In one sweeping moment of market deregulation, London’s horizons suddenly broadened, and money flowed into the Square Mile. Outside investment broke up the LSE’s boys’ club and fixed commission charges for brokers, which effectively killed competition, were scrapped. The brainchild [...]
The only way is Essex for hidden gems September 1, 2011 ROLLING countryside, boutique shops and country pubs – but most importantly not a vajazzle in sight. Essex has a whole lot more to offer than the controversial The Only Way is Essex TV series would like to portray. The area has all the charms and convenience of the most-desired Home Counties of Surrey and Kent. [...]
BofA nears $8.5bn mortgage deal June 28, 2011 Bank of America is close to a deal to pay $8.5bn (£5.3bn) to settle claims from a group of investors that lost money on mortgage-backed securities, a source familiar with the process said yesterday. The settlement would be the largest such sum in the banking industry to date. The largest US bank by assets has [...]