Profile | Trader with a taste for Fela and royalty September 16, 2011 KWEKU Adoboli, the 31-year-old trader at the centre of a $2bn storm yesterday, is “a typical trader type, like a lot of these guys”, coming across as self-confident and calm under pressure, according to one professional contact who spoke to him recently. He is also hard-working. “He was pretty committed to his job at UBS… [...]
EMI price could fall as books open August 2, 2011 HIGH valuations touted for music group EMI are likely to come down after the company opens its books to bidders over the coming weeks, industry sources said yesterday. Up to ten interested parties have submitted first-round bids for EMI, home to artists such as Coldplay and Kylie Minogue, with some valuations reported as topping $4bn [...]
EMI price could fall as books open August 2, 2011 HIGH valuations touted for music group EMI are likely to come down after the company opens its books to bidders over the coming weeks, industry sources said yesterday. Up to ten interested parties have submitted first-round bids for EMI, home to artists such as Coldplay and Kylie Minogue, with some valuations reported as topping $4bn [...]
Vivendi sees profit growth in Brazilian TV March 1, 2011 EUROPE’S biggest telecom and entertainment group, Vivendi, which owns Lady Gaga’s record label Universal Music Group, said it expects profits to grow slightly in 2011 despite economic and regulatory pressures as it reaps the benefit of emerging markets growth. Vivendi yesterday reported 2010 results that were above forecasts, helped by growth at Brazilian telecom subsidiary [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 4, 2011 FINANCIAL TIMES E-PETITIONS SITE CRASHES ON LAUNCH A new e-petitions website allowing members of the public to put forward motions for debate by MPs has crashed under the weight of 1,000 visitors a minute trying to register proposals on issues such as the return of capital punishment and leaving the European Union. ICBC TO BUY [...]
20 of the world’s largest donors December 21, 2011 1 BILL AND MELINDA GATES FOUNDATION US The William H Gates Foundation was created in 1994 to work to improve global health. Created with an original stock gift of $94m (£60.5m), the foundation merged with the Gates Learning Foundation in 2000 to create the Bill and Melinda Gates Foundation. The largest philanthropic organisation in the [...]
Holidaybreak says suitor is Cox & Kings July 26, 2011 SHARES in Holidaybreak, the specialist travel company, climbed for a second day to close up 12 per cent to 411.5p yesterday after the group confirmed it was in advanced takeover talks with Cox & Kings, the Mumbai-based tour operator. Cox & Kings has made an indicative all-cash offer of 432.1p a share, representing a premium [...]
A weekend in Johannesburg November 20, 2011 THERE’S too much history in this town.” So says my tour guide Zac as we speed away from Johannesburg airport. He’s not wrong. Just 125 years old, South Africa’s largest city has developed as though on steroids. The often bloody events that mark its relatively short lifetime read like those of a much older city. [...]
A weekend in Johannesburg November 20, 2011 THERE’S too much history in this town.” So says my tour guide Zac as we speed away from Johannesburg airport. He’s not wrong. Just 125 years old, South Africa’s largest city has developed as though on steroids. The often bloody events that mark its relatively short lifetime read like those of a much older city. [...]
ENTREPRENEUR OF THE YEAR June 20, 2011 ENTREPRENEURSHIP has hogged the political limelight over the last year. David Cameron called on the nation’s “doers and grafters” to “roll up their sleeves” and fix our broken economy. The companies on our list have been pushing ahead, creating the jobs and wealth we desperately need. We are all the winners from their enterprise. We’ve [...]