FTSE commodities drop on fear over Fed announcement September 21, 2011 BRITAIN’S top shares dropped back yesterday, led by weakness in commodity issues as investors nervously awaited the outcome of a US Federal Reserve meeting with expectations for further economic stimulus seen as already discounted. The FTSE 100 closed down 75.30 points, or 1.4 per cent at 5,288.41, retreating after a two per cent bounce on [...]
RBS Aviation blocks its former boss from £5bn auction process July 25, 2011 ROYAL Bank of Scotland has excluded the former boss of its aircraft leasing business from the $8bn (£5bn) auction of the unit, raising concerns the part-nationalised bank is barring a credible bidder and could short-change the UK taxpayer. Source said Dublin-based aircraft leasing firm Avalon, which is run by Domhnal Slattery, the founder and former [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 28, 2011 FINANCIAL TIMES PLANS REVEALED FOR US-STYLE PLEA BARGAINS The UK plans to introduce US-style corporate plea bargains that could result in fines totalling hundreds of millions of pounds, according to the Solicitor General. “You have to have a cost-benefit analysis. If I can produce a system which has all the benefits [of the US] and [...]
RBS warns that Eurozone crisis will hit its earnings July 21, 2011 THE second-quarter earnings of Royal Bank of Scotland’s global banking and markets business will reflect the weakness in fixed-income markets due to debt woes in the Eurozone, an executive has said, warning that bond markets will remain tough in the third quarter. The comments come a few days before RBS, 83 per cent owned by [...]
Weak commodities take toll on FTSE but banks rebound September 12, 2011 BRITAIN’S leading share index fell yesterday, on weakness in heavyweight mining and energy issues as commodity prices retreated, while a partial recovery by banks brought blue-chips back from intra-days lows for the month. At the close, the FTSE 100 index was down 85.03 points, or 1.6 per cent, at 5,129.62, having bounced off the session [...]
CITY MOVES | WHO’S SWITCHING JOBS August 14, 2011 LSL Martyn Alderton has been appointed as managing director for asset management in the property services firm’s Corporate Client Department (CCD). He replaces David Brown, formerly managing director of LSL CCD and commercial director of LSL Property Services, who will retain his commercial director position. Alderton was previously operations director at the company. PwC The [...]
Textile tycoon makes move on Peacocks February 5, 2012 A PAKISTANI textile billionaire is understood to be putting together a surprise bid to rescue Peacocks with the collapsed retailer’s management team. The fashion chain went into administration last month in the biggest retail collapse since Woolworths, after plans to restructure the company broke down and banks pulled the plug on funding. Alshair Fiyaz, who [...]
Lancaster trusts continuity to breed improved display February 9, 2012 ITALY vs ENGLAND ENGLAND coach Stuart Lancaster has backed his embryonic side to learn the lessons of last week and sharpen their attacking threat when they collide with Italy tomorrow in the Six Nations. Lancaster has kept faith with the same team that eked out a 13-6 victory over Scotland in their opening fixture, despite [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 20, 2011 FINANCIAL TIMES TESCO BANK FACES MORTGAGE DELAY Tesco faces a fresh delay to the roll-out of Tesco Bank, with mortgages unlikely to be launched until early next year. Britain’s biggest retailer by sales had been expected to introduce mortgages this autumn but, having bought out Royal Bank of Scotland’s 50 per cent share in their [...]
CITY MOVES | WHO’S SWITCHING JOBS February 22, 2012 Accor Hotel operator Accor has appointed Thomas Dubaere as managing director for UK and Ireland. Dubaere has worked for Accor for over 22 years, most recently as managing director, budget brands Accor UK & Ireland. Dubaere began his career with Accor in Belgium in 1990 at the Novotel Bruges Centre, and held several general manager [...]