Farepak bosses could be barred from City jobs February 15, 2011 EXECUTIVES of the ill-fated savings club Farepak could be banned from serving as company directors after the government’s Insolvency Service applied to the courts to disqualify them. Nine directors including former CBI president Sir Clive Thompson and outgoing Blacks Leisure chief executive Neil Gillis could face a ban of up to 15 years if the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 26, 2011 FINANCIAL TIMES BP PROPOSES FOURTH PIPELINE ROUTE TO BRING AZERBAIJAN GAS TO EUROPE BP is planning a pipeline stretching 1,300 km across three countries to bring gas from Azerbaijan to Europe. The scheme is a new entrant in the highly charged competition to construct a supply route to the Caspian basin and reduce Europe’s dependence [...]
MELTDOWN MONDAY THREE YEARS ON: THE EVENTS OF 15 SEPTEMBER 2008 September 16, 2011 ON 15 September 2008, global markets were thrown into panic mode as US investment bank Lehman Brothers filed for bankruptcy after failing to secure a rescue sale. The announcement kicked off a day of unprecedented corporate chaos in the US – by late morning, Bank of America had agreed to buy struggling Merrill Lynch, and [...]
British Land snaps up City apartment block for £57m June 30, 2011 BRITISH LAND has agreed to buy Wardrobe Court, a residential investment property in the City for £57m. Wardrobe Court, which is being sold by the Warnford Group, a family company, will mark British Land’s first residential acquisition in the square mile. The FTSE 100 group, best known for its retail and office schemes, is expanding [...]
Next hotspots for price growth October 13, 2011 EVERYONE has read the headlines about the soaring prices of core prime central London properties – that’s homes in Chelsea, Mayfair and Belgravia. Foreign investment in the market has brought a price boom that the average well-to-do Brit just can’t keep pace with. Understandable, when the “square footage” – the price per square foot – [...]
Next hotspots for price growth October 13, 2011 EVERYONE has read the headlines about the soaring prices of core prime central London properties – that’s homes in Chelsea, Mayfair and Belgravia. Foreign investment in the market has brought a price boom that the average well-to-do Brit just can’t keep pace with. Understandable, when the “square footage” – the price per square foot – [...]
Flashy Young in steady Murray’s sights September 5, 2011 BRITAIN’S Andy Murray is looking to make sure lightning does not strike twice when he renews hostilities with “flashy” American wild card Donald Young tonight. Murray meets baseball-cap-and-earring-sporting Young in the last 16 of the US Open, eager to avoid a repeat of March’s shock defeat to the 22-year-old at Indian Wells. That Masters event [...]
FASHION NEWS August 25, 2011 DIOR’S STYLISH SMARTPHONE Dior calls itself “a pioneer in Haute Couture mobile phones” – which may not be as ludicrous as it sounds, as this is neither the first Dior has produced, nor the only brand to do so (for instance, Jill Sander is launching a smart phone). So, what does your €3,300 buy you? [...]
Wenger alerts suitors of Cesc and Nasri August 9, 2011 ARSENAL manager Arsene Wenger has fired a warning to the suitors of his unsettled midfielders Cesc Fabregas and Samir Nasri by naming both in his Champions League squad ahead of next’s week qualifier against Udinese. Club captain Fabregas, who failed to play a part in his side’s pre-season programme, is being courted by Barcelona, while [...]
Tchenguiz bros pursue $1.6bn Kaupthing claim March 16, 2011 The Tchenguiz brothers, the property magnates briefly arrested in a UK fraud probe into Iceland’s Kaupthing, won the right to pursue a claim of over £1bn in damages from the failed bank. The High Court has rejected an application by Kaupthing Bank to dismiss the claim for the technical legal reason that it did not [...]