LAGARDE’S ODD CHANGE OF HEART ON HER BUDGET July 27, 2011 A SWIFT turnaround for silver vixen Christine Lagarde, who ascended the abruptly vacant throne of the International Monetary Fund (IMF) earlier this month. Back in March, as French finance minister, Lagarde unveiled a “historical” budget to bring France’s finances back into line. “Reducing the deficit is an economic imperative and a commitment to Europe,” she [...]
LAGARDE’S ODD CHANGE OF HEART ON HER BUDGET July 27, 2011 A SWIFT turnaround for silver vixen Christine Lagarde, who ascended the abruptly vacant throne of the International Monetary Fund (IMF) earlier this month. Back in March, as French finance minister, Lagarde unveiled a “historical” budget to bring France’s finances back into line. “Reducing the deficit is an economic imperative and a commitment to Europe,” she [...]
BT retail chief joins the board at British Airways December 2, 2010 BT’S head of retail Gavin Patterson is to join the board of British Airways (BA). Patterson, who also has a place on the BT Group board, resigned as a director of Johnston Press last year. BA sales and marketing director Andrew Crawley, who was acquitted during the collapsed price fixing case in May, has been [...]
BEST OF THE BROKERS August 1, 2011 BARRATT DEVELOPMENTS Goldman Sachs has upgraded the house builder from “neutral” to “buy” with a target price of 159p. The broker has also upgraded rival Persimmon to “buy” after reviewing the property sector, and now expects broadly flat new-build house prices over the next two years, thanks to low build volumes and stable unemployment. Goldman [...]
BEST OF THE BROKERS August 1, 2011 BARRATT DEVELOPMENTS Goldman Sachs has upgraded the house builder from “neutral” to “buy” with a target price of 159p. The broker has also upgraded rival Persimmon to “buy” after reviewing the property sector, and now expects broadly flat new-build house prices over the next two years, thanks to low build volumes and stable unemployment. Goldman [...]
Opening up a new vista in air travel October 23, 2011 THE Nina J is bobbing up and down in the clear sparkling Riviera water, flanked by other super yachts that occasionally eject bevies of python and white linen-clad babes ready to take Monaco by storm. Around the pier, portly perma-tanned sugar daddies squeeze the waists of their young Ivankas as they ponder how to blow [...]
Opening up a new vista in air travel October 23, 2011 THE Nina J is bobbing up and down in the clear sparkling Riviera water, flanked by other super yachts that occasionally eject bevies of python and white linen-clad babes ready to take Monaco by storm. Around the pier, portly perma-tanned sugar daddies squeeze the waists of their young Ivankas as they ponder how to blow [...]
£50m bill for ITV as staff live longer August 22, 2011 ITV has moved to offload the risk associated with its huge pension fund deficit in a £1.7bn deal with Credit Suisse. The complex transaction will add £50m to ITV’s pension-deficit, last valued at £312m. It has been designed so ITV can protect itself against current and former workers living longer than expected. The broadcaster has [...]
CITY MOVES | WHO’S SWITCHING JOBS June 28, 2011 Glendevon King Asset Management Dr Percy Barnevik (pictured) and Dr Kurt Moosmann have been appointed to the newly created advisory board of the independent fixed income boutique, following the recent appointment of Richard Kendall as chief executive. Barnevik has served as chairman or a board member of global businesses including General Motors, AstraZeneca and Skanska, [...]
Veteran cashed in at right time December 22, 2011 WILLIE Walsh aside, you won’t find many men who have spent more of their life involved with airlines than former BMI-owner Sir Michael Bishop. Sir Michael joined what was then Mercury Airlines as a baggage handler in 1963, a year before it was taken over by British Midlands Airways. By 1969 he was general manager [...]