John Cridland wants to get UK building again November 15, 2012 JOHN Cridland is one of the few people who could get excited by the prospect of working next to a building site for six years. The view from his office window in London’s Centrepoint building is currently a mess of cement mixers, trucks and cranes as the Crossrail construction crews set about transforming Tottenham Court [...]
Peregrine CEO asset hunt reveals few luxuries August 6, 2012 The hunt for the assets of Peregrine Financial Group CEO Russell Wasendorf Sr. has yielded a backyard pool, 2,000 bottles of wine, pickup trucks and some high-end photography equipment. But a receiver appointed for Wasendorf’s assets in the firm’s bankruptcy says that so far there is little to suggest that the CEO, who in July [...]
Dresdner parent Commerzbank defends bonus cutting stance February 20, 2012 THE former Dresdner Kleinwort Investment Bank (DKIB) staff demanding €50m (£41.8m) in unpaid bonuses are seeking “rewards for failure”, the high court was told yesterday. Tom Linden, QC, representing parent company Commerzbank, said the “promise” by the German lender to pay a minimum bonus pool of €400m for 2008 was a “non-binding commitment” and that [...]
Californian jurors get to work in Apple and Samsung case August 23, 2012 Nine jurors began deliberating today in Apple’s high stakes patent lawsuit against Samsung Electronics, a process that could take several days due to the complex legal issues in play. The trial began late last month in a San Jose, California federal court, just miles from Apple’s headquarters in Cupertino. Apple accuses Samsung of copying the [...]
What the other papers say this morning September 27, 2012 FINANCIAL TIMES China buys into UK student housing A fund controlled by the Chinese government is set to buy a 40 per cent stake in the UK’s largest developer of student housing as Beijing continues to expand its portfolio of global infrastructure. Gingko Tree Investment, a London-registered Chinese state-owned fund, is understood to be closing [...]
Lloyds to strip bankers of bonuses February 20, 2012 Lloyds is to strip five current and former senior bankers of more than £1m in bonuses over their role in the mis-selling of payment protection insurance (PPI). The bank is taking back the bonuses over the scandal that cost the part state-owned bank £3.2bn last year. PPI was often sold alongside loans to cover repayments [...]
PM is shunted off track by Branson win October 3, 2012 THE COALITION’S rail policies have been left in disarray by the collapse of the West Coast handover, after “terrible mistakes” in the bidding process were uncovered. Department for Transport officials met with erstwhile winning bidder FirstGroup and current operator Virgin Trains yesterday to make peace and ensure the intercity rail route continues to run after [...]
Rapid responses September 2, 2012 The inside man [RE: Barclays appoints Antony Jenkins as chief executive, Thursday] Antony Jenkins is a surprising choice, but it may have been better if outside executives were appointed. Take nothing away from the validity of Jenkins’s candidacy; it was first class. He ticked all the boxes. He was a “Barclays Man” through to the [...]
Olympic volleyball player Louise Bawden explains how to get the perfect derrière August 20, 2012 FIT IN THE CITY Female beach volleyball players may be fearsome athletes but they have also gained pin-up status thanks to their fantastic glutes. We catch up with Australia’s Louise Bawden to talk Games, genetics and, of course, bums. Q. Beach Volleyball seems to be played on the whole by long, lean athletes. Is it [...]
Barclays office raided as Libor investigation spreads to Italy July 31, 2012 ITALIAN prosecutors yesterday raided a Barclays office in Milan as part of a probe into possible Euribor manipulation – the euro equivalent of Libor. Police seized documents, computer material and emails, acting on a court order granted in the southern city of Trani. The probe follows an extensive investigation into the key interbank rates by [...]