Vodafone plans war with India over new taxes April 17, 2012 VODAFONE yesterday threatened the Indian government with international arbitration, warning that it will not go down without a fight over the country’s proposed retrospective tax. The telecoms giant served the Indian government with a Notice of Dispute via Vodafone’s Dutch subsidiary, which has a bilateral investment treaty with India. Vodafone said that India’s retrospective tax [...]
Meet this year’s judging panel May 7, 2012 Once again the judging panel for the City A.M. awards brings together some of the best known and brightest minds in the City. Our already excellent panel is this year joined by Katherine Garrett-Cox, chief executive of Alliance Trust. ALLISTER HEATH Allister, editor of City A.M., chairs the judging session. Last year’s session lasted nearly [...]
Hawkpoint hires former Lazard banker Kiernan January 19, 2012 CORPORATE finance advisory firm Hawkpoint has hired a prominent former Lazard merger and acquisitions banker, Peter Kiernan, who is known for helping to engineer US food group Kraft’s takeover of Cadbury. Kiernan, who had been head of UK investment banking at Lazard, will become vice chairman at Hawkpoint, the firm said yesterday. The British firm [...]
Olympic Media Buzz LONDON 2012 PARTNERS January 15, 2012 IN ASSOCIATION with Repskan.com, the media monitoring and analytics platform, City A.M. is measuring the relative Olympic media buzz around the partners for the London 2012 Olympic and Paralympic Games, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 4 January to Wednesday 11 January. Cadbury [...]
British love of Cadbury dulled by Kraft buyout August 2, 2011 ONE of the big stories of January 2010 was the Kraft takeover of Cadbury. The controversy that this sparked had an immediate and debilitating impact on perceptions of the British confectionary brand. Between the 19 January and the 19 February Cadbury’s buzz score dropped from +25 to -25 and its index score (a composite score [...]
British love of Cadbury dulled by Kraft buyout August 2, 2011 ONE of the big stories of January 2010 was the Kraft takeover of Cadbury. The controversy that this sparked had an immediate and debilitating impact on perceptions of the British confectionary brand. Between the 19 January and the 19 February Cadbury’s buzz score dropped from +25 to -25 and its index score (a composite score [...]
Li Ka-Shing: the Superman who soared from the factory floor February 20, 2012 LI Ka-Shing, Hong Kong’s richest man and chairman of Cheung King Infrastructure, is one of the largest foreign investors in the UK following two major acquisitions over the past two years. Last year, the octogenarian billionaire snapped up Northumbrian Water for £2.4bn, in the largest takeover of a UK publicly listed company since Kraft bought [...]
CITY MOVES | WHO’S SWITCHING JOBS March 8, 2012 AFC Energy The developer of low-cost alkaline fuel cell technology has announced the appointment of Sir John Sunderland as non-executive director of the company. Sunderland has spent 40 years in leadership roles, best known as the former chief executive and later as chairman of Cadbury Schweppes. Currently Sunderland is a non-executive director of Barclays Bank, [...]
Dixons chief Browett quits to join Apple January 31, 2012 Dixons chief executive John Browett has quit to join Apple. He will be responsible for Apple’s retail strategy and the continued expansion of the technology giant’s stores and will be based in California. Browett has been at the helm of Dixons Retail since 2007 and is in the middle of a turnaround plan for the [...]
Dixons chief Browett quits to join Apple January 31, 2012 Dixons chief executive John Browett has quit to join Apple. He will be responsible for Apple’s retail strategy and the continued expansion of the technology giant’s stores and will be based in California. Browett has been at the helm of Dixons Retail since 2007 and is in the middle of a turnaround plan for the [...]