OFFSHORE FUNDS: HALF THE NATION’S WEALTH COMES OUT FOR COWES August 7, 2011 THE RUM Jungle was once chartered by Hugh Hefner and an assortment of his Playboy bunnies, when the ageing porn baron came to London for his eightieth birthday celebrations. But on Saturday, it was the turn of Aberdeen Asset Management’s seafaring chief executive Martin Gilbert to hop aboard the 75-foot gin palace, as part of [...]
OFFSHORE FUNDS: HALF THE NATION’S WEALTH COMES OUT FOR COWES August 7, 2011 THE RUM Jungle was once chartered by Hugh Hefner and an assortment of his Playboy bunnies, when the ageing porn baron came to London for his eightieth birthday celebrations. But on Saturday, it was the turn of Aberdeen Asset Management’s seafaring chief executive Martin Gilbert to hop aboard the 75-foot gin palace, as part of [...]
Walker prepares a bid to take back Iceland June 27, 2011 ICELAND founder Malcolm Walker is negotiating with banks to secure the finance to buy back the frozen food retailer. Its current owner, the resolution committee of Landsbanki, needs to offload the budget chain. Walker is in negotiations with several banks, including Goldman Sachs, for a £1.5bn loan that would allow him to buy the 67 [...]
Walker prepares a bid to take back Iceland June 27, 2011 ICELAND founder Malcolm Walker is negotiating with banks to secure the finance to buy back the frozen food retailer. Its current owner, the resolution committee of Landsbanki, needs to offload the budget chain. Walker is in negotiations with several banks, including Goldman Sachs, for a £1.5bn loan that would allow him to buy the 67 [...]
MEET: TEAM CITY A.M. NEW YORK May 12, 2011 City A.M. is proud to once again sponsor the New York team at MINT Polo in the Park. Victorious in last year’s event after a thrilling final against IG Index – Paris, team captain Jack Kidd will be hoping that he can lead it to victory again this year. NAME : Jack Kidd POSITION : [...]
Sir Stuart Rose got an £8.1m golden goodbye June 9, 2011 SIR Stuart Rose was handed an £8.1m golden goodbye when he left Marks & Spencer last year, according to the retailer’s annual report. The former chief executive and executive chairman received a pay packet worth £2.77m in 2010-11, compared to £2.6m a year earlier, plus over £5m in shares. Marc Bolland, who became chief executive [...]
THE TALE OF PIPPA MIDDLETON, ALEX LOUDON AND THE BEERMAKER May 23, 2011 COULD Pippa Middleton be persuaded to relocate to leafy Woking? The Capitalist only asks because a finance professional with the same name as her boyfriend and rumoured fiancé, Alex Loudon, is currently employed by the Woking UK head office of brewing giant SABMiller. Recent press reports have described the younger Middleton sister’s love interest as [...]
Milton Friedman was wrong: There is such a thing as a free breakfast May 9, 2011 IN ASSOCIATION with GFT, next Thursday City A.M. is hosting a free workshop on contracts for difference (CFD) and currency trading. The speakers will be the regular City A.M. columnists David Morrison, GFT’s market strategist, and Boris Schlossberg, GFT’s director of currency research. It is taking place on Thursday 19 May at The Grange St [...]
Milton Friedman was wrong: There is such a thing as a free breakfast May 9, 2011 IN ASSOCIATION with GFT, next Thursday City A.M. is hosting a free workshop on contracts for difference (CFD) and currency trading. The speakers will be the regular City A.M. columnists David Morrison, GFT’s market strategist, and Boris Schlossberg, GFT’s director of currency research. It is taking place on Thursday 19 May at The Grange St [...]
UK’s economic outlook reveals unsightly view November 7, 2011 ACCOUNTANCY firm BDO joins an ever-growing group warning that the UK’s economy is on the cusp of recession. In its latest business trends report, optimism levels came in below the crucial 95.0, for the first time since July 2009, for both the manufacturing and services sectors. BDO partner Peter Hemington says: “Businesses’ hiring intentions point [...]