Miners boost the South African stock market April 21, 2010 SOUTH Africa will be in the world’s spotlight like never before as the World Cup approaches. Television pictures of gazelles and wilderbeest roaming across the veldt will no doubt be great for the country’s tourist industry, but other parts of its economy also look sure to benefit. According to a report released last month by [...]
Steady does it as Lloyd’s of London reveals review February 7, 2010 LLOYD’S of London, the insurance and reinsurance market, will publish plans to strengthen its ties with insurance brokers today as it gears up for a profitable reporting season. In a sweeping strategic review, Lloyd’s will salute its members’ resilience in the face of the financial crisis and remark that its subscription-based model has held up [...]
CITY MOVES | WHO’S SWITCHING JOBS January 20, 2010 Boylesports The Irish bookmaker has appointed Lee Richardson as its new chief executive. Richardson, who has a passion for restoring and driving classic cars in his spare time, joins from Canadian gaming software provider Chartwell Technology, where he led its licensing and marketing arm. He was also previously chief operating officer for Coral Eurobet, where [...]
PANTHER BOSS ON A TRIP INTO NOSTALGIA April 26, 2010 ANDREW Perloff, the eccentric chairman of property firm Panther Securities, has something of a cult following among City investors due to his penchant for using company results statements as an excuse to reminisce at length about life’s little quirks. But yesterday’s final results announcement was a corker even by Perloff’s own standards, ranging from fervent [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2010 FINANCIAL TIMES MUTUALS CLOSE TO CAPITAL DEAL Building societies are close to finalising details of a new investment instrument that would allow them to comply with tough new capital requirements without compromising their mutual status. According to senior figures in the industry, talks are close to conclusion on the creation of of “mutual ordinary deferred [...]
EX-FAIRFAX CHIEFTAIN MAKES HIS COMEBACK February 14, 2010 MEMBERS of the City’s investment banking community have probably been wondering for months what has become of Adam Hart, the cheery former managing director of Fairfax. Hart left Fairfax last summer and hasn’t been heard from since, apart from a stubborn rumour doing the rounds in the autumn that he was about to join Edward [...]
Seaman: Loyal Fabregas will follow Vieira’s path February 11, 2010 ARSENAL legend David Seaman expects captain Cesc Fabregas to resist a summer move to Barcelona and stay at the club until late in his career, like Patrick Vieira. Fabregas, 22, has been strongly linked with a return to his boyhood club at the end of the season, although both he and Barca have denied reports [...]
Transparent privacy policy gets clouded February 25, 2010 GOOGLE has got itself in hot water in recent days because of a data protection slip up with its new social network, Buzz. Users were able to see other members’ email addresses – and the addresses of their “followers”– without notification or the need to grant people access to this information. The company is now [...]
Deloitte ends Setanta’s run June 23, 2009 ACCOUNTANCY firm Deloitte was called in yesterday afternoon to act as administrator of Setanta Sport, ending weeks of speculation over the future of the Irish pay-TV broadcaster. “After a huge effort by the Setanta board, management team and its backers, it has not been possible to save the Great Britain (GB) business, which will be [...]
Watchdog accuses four ex-iSoft directors of misleading market January 6, 2010 THE FSA has started criminal proceedings against four former directors of iSoft, the healthcare software firm. iSoft founder Patrick Cryne is charged with making misleading statements to the stockmarket. Also charged are Tim Whiston, Stephen Graham and John Whelan. The allegations relate to accounting irregularities uncovered by Deloitte while the company was working on the [...]