Third day of red as miners and banks lose their appeal May 13, 2009 THE FTSE 100 dropped 2.1 per cent yesterday, succumbing to disappointing US retail sales figures, profit-taking in the banking sector and mining stocks weighed down by weak commodity prices. The index retreated for the third day in a row, closing at 4,331.37, or 94.17 points down. “Despite the change of tone, markets have more room [...]
Third day of red as miners and banks lose their appeal May 13, 2009 THE FTSE 100 dropped 2.1 per cent yesterday, succumbing to disappointing US retail sales figures, profit-taking in the banking sector and mining stocks weighed down by weak commodity prices. The index retreated for the third day in a row, closing at 4,331.37, or 94.17 points down. “Despite the change of tone, markets have more room [...]
FTSE 100 nudges higher as banks start to look oversold May 14, 2009 THE FTSE 100 edged up by 0.7 per cent yesterday, snapping a three-day losing run, with gains in banks and miners offsetting weakness in oil producers hurt by weaker crude prices. The index closed 31.21 points higher at 4,362.58 in a choppy session. “It still looks too early to predict the end of this two [...]
Greene King sales rise but outlook mixed September 8, 2009 GREENE King, Britain’s fourth-biggest pubs company, yesterday said strong appetite for pub food had pushed sales up sharply in the first four months of its financial year, lifting its shares. The company, which has about 2,400 pubs in England and Scotland, said like-for-like sales at managed pubs in England grew by 4.6 per cent in [...]
City’s most successful accountant still has plenty of fire in his belly July 20, 2009 IT IS EASY to tell when you are nearing , Deloitte boss John Connolly’s office because an awful lot of people you bump into in the firm’s corridors begin to ask about his welfare. “Is John in?” asks one, a tad nervously. “What mood is he in today?” asks another. There is a feeling of [...]
RAMSAY RUFFLES A FEW RIVAL FEATHERS May 31, 2009 AFTER years of back-stabbing and open mutual hatred, you’d have thought Gordon Ramsay would have checked his facts before starting a slanging match with arch rival Marco Pierre White. Both celebrity chefs have fed many a wealthy City mouth at the likes of Maze and Restaurant Gordon Ramsay and White’s Marco at Stamford Bridge and [...]
Standard Life names Nish as its new chief October 19, 2009 STANDARD Life has put an end to months of speculation over who will take over from veteran chief executive Sir Sandy Crombie by naming finance director David Nish as his successor. Nish, 49, had been seen as the most likely candidate to take the job since it emerged that veteran Crombie was to retire from [...]
How the Baker Street brigade are taking on the Big Four accountants June 22, 2009 YOU get the impression when you meet him that Simon Michaels, the managing partner of BDO Stoy Hayward, wants a lot of things – and one of the first is a larger slice of the UK accounting pie. Michaels, at 42 the youngest person to lead the UK’s sixth-largest professional services business, was elected to [...]
Bank on Green’s for top-notch nosh September 21, 2009 Green’s Restaurant and Oyster Bar14 Cornhill, London, EC3V 3NDTel: 020 7220 6300FOODSERVICEATMOSPHERECost per person without wine: £35 THERE are precious few dinings rooms in the City with the “cor blimey” factor, so the news that a new restaurant was opening in the old Lloyds Banking Hall set us nodding like the dog on the Churchill [...]
Darling issues bonus threat in FSA battle August 20, 2009 CHANCELLOR Alistair Darling yesterday raised the pressure on Financial Services Authority (FSA) boss Hector Sants over bank bonuses, as he pledged to discuss the issue at next month’s G20 meeting in London. Darling said banker pay must be controlled and that the FSA is the obvious body to implement such controls. The remarks bring the [...]