WHAT THE OTHER PAPERS SAY THIS MORNING January 5, 2010 WHAT THE OTHER PAPERS SAY THIS MORNING FINANCIAL TIMES ALWALEED’S CITI SHARES TO BOLSTER KINGDOM Prince Alwaleed bin Talal al-Saud, the Saudi investor, revealed on Tuesday that he plans to shore up the balance sheet of his investment vehicle by “donating” SR2.24bn (€416m) of shares in Citigroup into it. Prince Alwaleed said the initiative would [...]
CITY MOVES | WHO’S SWITCHING JOBS December 20, 2009 PricewaterhouseCoopers The accountancy firm has appointed Martin Caddick to lead its risk and business continuity management services team. Caddick joins from insurance broking and risk advisory firm Marsh, where he developed a successful business continuity practice and worked with numerous Fortune 500 companies in the UK and overseas. He also previously held director roles at [...]
A true blue sci-fi classic December 17, 2009 Film AVATAR Cert: 12a It’s the most expensive and technically ambitious film ever made, and the most hyped – and wouldn’t you know it, it’s also pretty good. Avatar is a compendium of director James Cameron’s familiar themes – aliens against soldiers, futuristic technology, bone-crunching sci-fi action, corny romance and an epic pomposity that, as [...]
Ashley hires new chair to Sports Direct November 24, 2009 SPORTSWEAR retailer Sports Direct, has ended its two-and-a-half year search for a permanent chairman, by appointing Keith Hellawell, the government’s former drugs tsar. The position has been vacant since David Richardson quit the post in May 2007, having decided he could not work with billionaire Mike Ashley, who owns 71 per cent of the group. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 17, 2009 FINANCIAL TIMES BARCLAYS RETAIL CHIEF WARNS NEW ENTRANTSThe new head of global retail banking at Barclays has joined the backlash of traditional bankers against the entry into banking of supermarkets and other consumer companies. Antony Jenkins said the new competitors may be under-estimating the difficulties of breaking into the market. APOLLO SETS SIGHTS ON NYSE [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 11, 2009 FINANCIAL TIMES BLUECREST TO RELOCATE 50 STAFF TO GENEVABlueCrest Capital, one of the UK’s largest hedge funds, is moving a significant portion of its operations to Geneva amid growing concerns about London’s status as a centre for alternative asset managers. Founded in 2000 by former JPMorgan traders Bill Reeves and Mike Platt, the $15.5bn firm [...]
WHAT THE OTHER PAPER SAY THIS MORNING November 8, 2009 THE SUNDAYSThe Sunday TelegraphBAE HIRES PINOCHET LAWYER FOR SFO FIGHTBAE Systems has instructed General Pinochet’s former QC to handle its defence if the Serious Fraud Office (SFO) is successful in persuading the Attorney General to proceed with a fraud prosecution against the arms manufacturer. GOVERNMENT PLANS FAST-TRACK NUCLEAR EXPANSIONThe government is set to hand an [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 28, 2009 FINANCIAL TIMES LOVELLS IN MERGER TALKS TO CREATE LEGAL FIRMLovells, the City law firm, was in talks on last night over a merger with Washington-based Hogan & Hartson aimed at creating a rare successful big transatlantic legal tie-up, said people familiar with the matter. The proposed deal would create a law firm with a strong [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 27, 2009 FINANCIAL TIMES JCB FACES FIRST ANNUAL LOSS AFTER GLOBAL DEMAND FALLSJCB faces a struggle to avoid its first annual loss this year, its chief executive warned, as he cautioned that he saw no recovery in demand for construction equipment outside of China next year. Matthew Taylor, chief executive of the UK’s largest maker of earth-moving [...]
Gordon Brown and Nick Clegg told to repay excessive expenses claims October 12, 2009 GORDON Brown was yesterday told to hand back over £12,400 in parliamentary expenses after making excessive claims for cleaning, gardening and decorating. Downing Street confirmed that Sir Thomas Legg, who is auditing MPs’ claims, had written to Brown ordering him to return £12,415. Liberal Democrat leader Nick Clegg was also censured by Legg for claiming [...]