WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES BARCLAYS FORCED TO ADAPT COCOS BONUS PLAN Barclays has been forced to adapt its plans to pay bonuses for staff with a new financial instrument that has been hailed by regulators as a key tool for rebuilding the capital strength of banks. Bob Diamond, the UK bank’s new chief executive, had hoped to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES BARCLAYS FORCED TO ADAPT COCOS BONUS PLAN Barclays has been forced to adapt its plans to pay bonuses for staff with a new financial instrument that has been hailed by regulators as a key tool for rebuilding the capital strength of banks. Bob Diamond, the UK bank’s new chief executive, had hoped to [...]
PwC sells remaining Rok units November 18, 2010 ADMINISTRATORS have been forced to break up the remainder of troubled housing group Rok after a sole buyer failed to materialise. Just 500 jobs out of a workforce of 3,800 look set to be saved after PriceWaterhouseCoopers (PwC) found buyers for only parts of the firm. PwC said that it had sold parcels of the [...]
PwC sells remaining Rok units November 18, 2010 ADMINISTRATORS have been forced to break up the remainder of troubled housing group Rok after a sole buyer failed to materialise. Just 500 jobs out of a workforce of 3,800 look set to be saved after PriceWaterhouseCoopers (PwC) found buyers for only parts of the firm. PwC said that it had sold parcels of the [...]
Talk Talk faces Ofcom probe over sales practices November 22, 2010 OFCOM said yesterday it was investigating whether fixed telephone line and internet services provider TalkTalk Telecom mis-sold services to customers. The communications regulator said it had received over 1,000 complaints relating to TalkTalk’s selling practices, the most common of which appeared to have been that customers were either mis-sold the fixed line telephone service or [...]
TDC in $3.7bn share buyback December 9, 2010 THE private equity owners of Denmark’s TDC are banking up to $3.7bn (£2.3bn) through a share buyback and one of Europe’s biggest public offerings of 2010, as they start to cash in on their investment. Over a third of the former telecoms monopoly is being sold initially. TDC’s chief executive Henrik Poulsen said. Apax Partners, [...]
TDC in $3.7bn share buyback December 9, 2010 THE private equity owners of Denmark’s TDC are banking up to $3.7bn (£2.3bn) through a share buyback and one of Europe’s biggest public offerings of 2010, as they start to cash in on their investment. Over a third of the former telecoms monopoly is being sold initially. TDC’s chief executive Henrik Poulsen said. Apax Partners, [...]
MYSTERY OVER £140M FLAT IN ONE HYDE PARK January 19, 2011 There was at least one hot topic of conversation at yesterday lunch-time’s launch of One Hyde Park, the world’s most expensive apartments, and that was the identity of the buyers of the three Penthouse flats, the most expensive of which sold for £140m. Around 350 guests, including Simon Cowell, Arcadia boss Philip Green and Formula [...]
MYSTERY OVER £140M FLAT IN ONE HYDE PARK January 19, 2011 There was at least one hot topic of conversation at yesterday lunch-time’s launch of One Hyde Park, the world’s most expensive apartments, and that was the identity of the buyers of the three Penthouse flats, the most expensive of which sold for £140m. Around 350 guests, including Simon Cowell, Arcadia boss Philip Green and Formula [...]
The case of the banker, his wife and their accomplice February 1, 2011 AN extraordinary insider dealing case that took investigators from the windswept towers of Canary Wharf to the sun-kissed tropics of Mayotte is expected to end today with jail terms for each of the three suspects. The case against a banker, his wife and their accomplice was a flagship investigation for the FSA – a warning [...]