RAPID responses April 26, 2012 Bonus control Andrew Haldane, a Bank of England official, has suggested that bonus deferral and claw-back periods should be extended to 10 years or more for bank executives. While we sympathise with the view that regulation is not sufficient, this proposal is unworkable and counterproductive. Who would work on that basis? 10 years is a [...]
Why global Olympic sponsorship is a sustainable investment for GE April 17, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES Q What was your brand’s primary reason for being involved with the Games? A We became an Olympic sponsor before I became chief executive in the UK, and that was a decision made at head office level. The first Games where GE was a worldwide partner was the [...]
Why global Olympic sponsorship is a sustainable investment for GE April 17, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES Q What was your brand’s primary reason for being involved with the Games? A We became an Olympic sponsor before I became chief executive in the UK, and that was a decision made at head office level. The first Games where GE was a worldwide partner was the [...]
D&B shuts Shanghai unit in privacy investigation March 19, 2012 DUN & Bradstreet, a global business information firm, said some of its local employees in China may have violated US anti-bribery laws and has suspended operations at one of its local units pending an inquiry. The company said it is investigating allegations that data collection practices at Shanghai Roadway D&B Marketing Services, which it formed [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 22, 2012 FINANCIAL TIMES Non US banks hope for reprieve on swaps US regulators are exploring ways to give large foreign banks and overseas subsidiaries of US lenders a reprieve from stringent new derivatives rules, potentially alleviating one of the biggest concerns facing global finance institutions. Chesapeake discloses chief’s $661m payments for wells Aubrey McClendon, the chief [...]
Piedmont hits out at M&B’s sluggish sales September 27, 2011 JOE Lewis yesterday signalled he will press ahead with a low-ball takeover offer for pub chain Mitchells & Butlers, after his investment vehicle Piedmont branded the group’s results “disappointing”. “It is a very disappointing score card for all shareholders and we are seriously considering our options,” said a spokesperson for Piedmont owner Joe Lewis on [...]
Card games trigger Panel probe at M&B September 18, 2011 REPORTS that Joe Lewis enjoyed games of cards with JP McManus and John Magnier on board his yacht Aviva over the summer, as revealed in City A.M. on 15 September, have prompted the Takeover Panel to re-open their files on alleged collusion between the two parties to seize control of pubs chain Mitchells & Butlers. [...]
Cameron pledges to do more to boost economy April 29, 2012 PRIME Minister David Cameron has said his government will “redouble all our efforts” to turn around the UK economy in the face of a fresh recession and “a very long and painful process” to fix the Eurozone. Cameron said last week’s confirmation of a double dip recession in Britain was “very disappointing”. He said: “What’s [...]
B&Q boss set for windfall as goals met February 16, 2012 KINGFISHER boss Ian Cheshire is in line for a windfall payout after the retailer said it was on track to meet analyst forecasts for a full-year profit of £800m. Cheshire is likely to receive shares worth up to £6.14m, after the owner of the B&Q chain beat two main targets set out in its 2008 [...]
FTSE shored up by strong blue chip results May 2, 2012 The FTSE 100 was flat in early trading as better than expected US manufacturing figures were offset by the bleak picture in the Eurozone. US manufacturing expanded at its fastest pace for 10 months fuelling confidence in the recovery of the world’s largest economy. However, the Eurozone’s manufacturing sector slipped further into decline last month, [...]