IBM’s $1.4bn move to buy software firm May 24, 2010 IBM plans to buy Sterling Commerce from AT&T for about $1.4bn (£970m) in cash, extending the technology behemoth’s portfolio of business software. The move comes amid a flurry of software acquisitions by International Business Machines, Oracle and SAP, as they look to sell a broad set of products and services to large corporations. IBM, led [...]
IBM’s $1.4bn move to buy software firm May 24, 2010 IBM plans to buy Sterling Commerce from AT&T for about $1.4bn (£970m) in cash, extending the technology behemoth’s portfolio of business software. The move comes amid a flurry of software acquisitions by International Business Machines, Oracle and SAP, as they look to sell a broad set of products and services to large corporations. IBM, led [...]
CITY MOVES | WHO’S SWITCHING JOBS May 16, 2010 Greencore The convenience foods group has appointed business grandee Eric Nicoli, the chairman of cinema operator Vue Entertainment, as a non-executive director. In addition to his role at Vue, Nicoli is also currently senior partner at fund of hedge funds Sunningdale Capital. He was previously chief executive of United Biscuits and chairman and chief executive [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2010 FINANCIAL TIMES ROLLS-ROYCE SPIRITS BUOYED BY GHOST Rolls-Royce says it will at least double its sales this year, thanks to the launch of its new Ghost model and a resurgance in demand for its high-priced cars around the world. Sales of the BMW-owned brand’s cars in China, where Rolls-Royce has seven dealerships, will for the [...]
Blackstone out of RBS race April 26, 2010 US private equity firm Blackstone and the Wellcome Trust have failed to make the shortlist of interested parties bidding for 318 Royal Bank of Scotland (RBS) branches. The joint offer submitted by the buyout house and the charitable foundation was “the least competitive” of five final bids, sources confirmed to City A.M. last night. It [...]
BP TOP DOGS SPOTTED OUT ON A TOP-SECRET MAYFAIR MISSION June 7, 2010 A STERLING spot by one of The Capitalist’s army of spies yesterday, on the way to a meeting at an office building on Old Burlington Street. Stepping out of the lift in the building were none other than beleaguered BP chief executive Tony Hayward and his finance director Byron Grote – taking some time out [...]
BP TOP DOGS SPOTTED OUT ON A TOP-SECRET MAYFAIR MISSION June 7, 2010 A STERLING spot by one of The Capitalist’s army of spies yesterday, on the way to a meeting at an office building on Old Burlington Street. Stepping out of the lift in the building were none other than beleaguered BP chief executive Tony Hayward and his finance director Byron Grote – taking some time out [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 12, 2010 FINANCIAL TIMES INDIAN TELECOMS GROUPS HIT OUT AT CHARGES Telecoms companies in India have raised alarm over a threat of retrospective charges for users of mobile spectrum that analysts warn could cost them hundreds of millions of dollars. The move by the Indian telecoms regulator has provoked interest from Bharti Airtel and Vodafone Essar. MICROSOFT [...]
GOLDMAN EXECUTIVES KEEP IT IN THE FAMILY May 5, 2010 A RIFLE through the proxy statement issued by Goldman Sachs to its shareholders ahead of tomorrow’s general meeting throws the spotlight firmly back on compensation – and it seems the firm’s executives aren’t the only ones being scrutinised. That’s right – not only are investors being asked to give their thoughts on the pay packages [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 15, 2010 FINANCIAL TIMES SONY COMMITMENT BOOSTS GAMES SECTOR Sony, one of the largest computer games developers in the UK, has committed to remaining in the country in a boost to a sector hit by an exodus to lower-cost countries. The Japanese maker of PlayStation, which has its European game design headquarters in Liverpool, is to receive [...]