RADIO SILENCE BY SKY BOSS ON MURDOCH BID May 11, 2011 INNOVATION was the theme for BSkyB chief executive Jeremy Darroch at the Institute of Directors’ convention yesterday, where fellow speakers included McDonald’s chief executive Jill McDonald, chancellor George Osborne and shadow chancellor Ed Balls. “The most successful businesses are those that constantly seek to adapt and renew themselves,” said Darroch, as he charted the broadcaster’s [...]
Advertisers snub Murdoch tabloid July 5, 2011 A string of top companies yesterday said they could pull advertising from the News of the World as the phone hacking crisis engulfing the newspaper continued to escalate. Ford said it will not place adverts in this weekend’s edition and companies including nPower, Halifax and Everything Everywhere say they are considering cutting ads in light [...]
Murdoch: She is my top priority July 10, 2011 THE News of the World may have printed the final edition in its 168-year-old history but the political maelstrom raging around the phone hacking scandal continues to gather pace. Rupert Murdoch flew into the UK yesterday for emergency talks with Rebekah Brooks, head of his UK newspaper business News International, amid growing concerns the scandal [...]
CITY MOVES | WHO’S SWITCHING JOBS June 2, 2011 Norton Rose Jon Harry is joining the law firm’s Paris office as a partner on 6 June. Harry led the corporate group of Hogan Lovells’ Paris office from 2006 to 2009, before becoming a corporate specialist practising in Paris, with expertise in cross-border mergers and acquisitions. Evolution Securities The investment bank has appointed Mark Wellesley-Wood [...]
GEORGE OSBORNE’S CAREER CHANGE AS BARCLAYS COMES CALLING August 11, 2011 WHAT’S this? George Osborne is moving on from the Treasury to become a relationship director in the Finance and Brokers team at Barclays Corporate? “Osborne’s role will include managing a portfolio of mid to large-size finance and broker clients, and working with the credit team to ensure the effective risk management of these clients,” declared [...]
BEST OF THE BROKERS May 23, 2011 MITCHELLS & BUTLERS JP Morgan has downgraded the bar and restaurant operator from “overweight” to “neutral” on the back of recent share price strength, and has lowered its target price by 48p to 360p. The broker thinks the current share price reflects the dilutive impact of major disposals including 333 pubs. However, it expects M&B [...]
Wickes to buy 13 Focus shops from administrator May 17, 2011 FOCUS DIY’s administrators yesterday agreed the sale of 13 stores to Wickes Building Supplies, saving 345 jobs in the process. Ernst & Young said it was in “detailed discussions with a number of interested parties” over the sale of further stores. Focus went into administration earlier this month after being hit by the weak housing [...]
Indurain: My top tips for cycle success July 5, 2011 Multiple Tour de France king lends hand to City A.M.’s London Triathlon team MY No1 lesson from riding the Tour is a very simple one – learn to ride hills and you will have a big advantage! Everyone knows you can’t win the Tour if you don’t know how to climb, but still many people [...]
Decision on Murdoch Sky bid is delayed May 9, 2011 RUPERT Murdoch will have to wait a little longer to get his hands on the rest of BSkyB. The decision to clear News Corp’s impending £7.5bn bid for the 61 per cent of Sky it does not already own has been delayed for at least two weeks while details of the concession to spin-off Sky [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 12, 2011 FINANCIAL TIMES MANAGERS STRUGGLE TO WOO THE WEALTHY Private banks across the world are still struggling to attract new clients, as the wealthy continue to shun professional investment managers in the wake of the financial crisis, according to a report published today. New money paid into private banks by clients fell nearly 19 per cent [...]