F&C DITCHES THE DORCHESTER FOR A LEANER SHOWING AT PING PONG November 25, 2009 THINGS may be looking up in terms of the economy, but the corporate Christmas goose is looking just as lean as it was in the depths of the financial crisis last year – and a little bird tells me that asset management firm F&C Investments is among the companies trimming its budget. Usually, F&C staffers [...]
High definition lifts earnings at BSkyB July 30, 2009 SHARES in BSkyB rose yesterday after the broadcaster posted a surge in full-year pre-tax profit, driven by record levels of new subscriptions as cash-strapped customers stayed at home. The dominant pay-TV firm said that its customer base had grown at its fastest rate for five years – with the addition of 462,000 subscribers over the [...]
High definition lifts earnings at BSkyB July 30, 2009 SHARES in BSkyB rose yesterday after the broadcaster posted a surge in full-year pre-tax profit, driven by record levels of new subscriptions as cash-strapped customers stayed at home. The dominant pay-TV firm said that its customer base had grown at its fastest rate for five years – with the addition of 462,000 subscribers over the [...]
BSkyB and Deloitte bosses net millions August 4, 2009 THE senior partner of accountancy firm Deloitte, John Connolly, and the chief executive of BSkyB, John Darroch, have been awarded pay packages worth millions. Connolly, whose firm Deloitte is the auditor of the part-nationalised Royal Bank of Scotland (RBS), grabbed an annual pay packet of £5.3m, benefiting from Deloitte’s profit-sharing scheme as the company earned [...]
The best places to splash the cash with discretion November 11, 2009 MARCUS Wareing recently told City A.M. that ever since the start of the financial crisis, the phones have been ringing off the hook of his restaurant at the Berkeley Hotel with enquiries about the private dining room. “People are spending money,” he said. “They just don’t particularly want to be seen doing it.” It seems [...]
Banks are in the dock as litigation lawyers look for soft City targets November 9, 2009 LAUNCHING a lawsuit against a major bank has never been easy. As anyone who has been involved in heavyweight litigation knows, the process of bringing a claim of any kind is expensive, hazardous and distracting. Regardless of the merits, no bank is likely to roll over very easily when faced with legal action. In order [...]
Fee bonanza for Treasury APS advisers September 14, 2009 INVESTMENT banking and legal advisers have picked up £26.5m for their work advising the government on its Asset Protection Scheme (APS), according to data released by the Treasury under the Freedom of Information Act. Bankers from investment banks Citigroup, Credit Suisse and asset manager BlackRock have been working with the Treasury’s Financial Stability Unit in [...]
Fee bonanza for Treasury APS advisers September 14, 2009 INVESTMENT banking and legal advisers have picked up £26.5m for their work advising the government on its Asset Protection Scheme (APS), according to data released by the Treasury under the Freedom of Information Act. Bankers from investment banks Citigroup, Credit Suisse and asset manager BlackRock have been working with the Treasury’s Financial Stability Unit in [...]
Profits spike at Kingfisher September 8, 2009 KINGFISHER, Europe’s largest home improvement retail group, yesterday rushed out first-half profit figures following an administrative error, though the better-than-expected results cheered investors and sent its shares to a two-year high. The group, which owns B&Q in Britain and Castorama in France, said it expects to report an underlying pre-tax profit of between £285m and [...]
Profits spike at Kingfisher September 8, 2009 KINGFISHER, Europe’s largest home improvement retail group, yesterday rushed out first-half profit figures following an administrative error, though the better-than-expected results cheered investors and sent its shares to a two-year high. The group, which owns B&Q in Britain and Castorama in France, said it expects to report an underlying pre-tax profit of between £285m and [...]