WHAT THE OTHER PAPERS SAY THIS MORNING March 16, 2011 FINANCIAL TIMES BANKS SERVED LIBOR SUBPOENAS Regulators probing alleged manipulation of a key interbank lending rate have focused their demands for information and interviews on five global banks, according to people familiar with the investigation. UBS, Bank of America, Citigroup and Barclays have received subpoenas from US regulators probing the setting of the London interbank [...]
Hard work, not sisterhood, breaks the glass ceiling March 2, 2011 LATEST figures show that only 12 per cent of FTSE100 directors are women, or 5.5 per cent if you exclude non-executives. There has been much talk about a male conspiracy to keep women from having a seat on the board – and there is some basis to the assertion; people tend to hire in their [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES BARCLAYS FORCED TO ADAPT COCOS BONUS PLAN Barclays has been forced to adapt its plans to pay bonuses for staff with a new financial instrument that has been hailed by regulators as a key tool for rebuilding the capital strength of banks. Bob Diamond, the UK bank’s new chief executive, had hoped to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2011 FINANCIAL TIMES BARCLAYS FORCED TO ADAPT COCOS BONUS PLAN Barclays has been forced to adapt its plans to pay bonuses for staff with a new financial instrument that has been hailed by regulators as a key tool for rebuilding the capital strength of banks. Bob Diamond, the UK bank’s new chief executive, had hoped to [...]
Pepsi lowers its targets February 10, 2011 PEPSI cut its earnings growth targets for 2011 and beyond yesterday, citing higher commodity costs, a difficult economy and investments in emerging markets. Chief executive Indra Nooyi, who was peppered with tough questions by analysts during a tense conference call, said the lowered longer-term outlook was prudent given the uncertain economic conditions. “We have no [...]
Coca-Cola sees sales fizz February 9, 2011 COCA-COLA yesterday reported higher-than-expected quarterly sales, as it gained market share and also saw growth in each of its major markets for the first time in years. Shares of the world’s largest soft-drink maker rose 1.5 per cent. The results released yesterday are Coke’s first to include its North American bottling operations, and improvement in [...]
PEPSI SEALS X-FACTOR DEAL December 19, 2010 SOFT drinks company PepsiCo has signed up to sponsor the US version X Factor (which is expected to star Cheryl Cole, pictured) when it launches in the US next autumn. It will follow in the footsteps of rival Coca-Cola, which pays up to $35m (£22.51m) a year for its products to appear on another music [...]
PEPSI SEALS X-FACTOR DEAL December 19, 2010 SOFT drinks company PepsiCo has signed up to sponsor the US version X Factor (which is expected to star Cheryl Cole, pictured) when it launches in the US next autumn. It will follow in the footsteps of rival Coca-Cola, which pays up to $35m (£22.51m) a year for its products to appear on another music [...]