Concern over Dubai’s debts takes toll on Britain’s shares November 26, 2009 Britain’s top shares ended at a three-week closing low yesterday, pressured by hefty falls in the banking sector as concerns over Dubai’s ability to pay its debts took a toll on confidence. The FTSE 100 ended down 3.2 per cent, or 170.68 points, at 5,194.13, its lowest close since November 6, and losses on the [...]
CITY MOVES WHO’S SWITCHING JOBS October 25, 2009 AvivaThe insurer has appointed Patrick Regan as its new chief financial officer, effective from February next year. Regan is currently group chief operating officer and chief financial officer of Willis Group Holdings, the insurance broker. He has also previously held positions within the industry as group financial controller at RSA and as finance and claims [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 1, 2009 FINANCIAL TIMESFORD SELLS AUSTRALIAN LOAN BOOK TO MACQUARIEFord, the US carmaker that underwent a debt-for-equity swap this year to bolster its balance sheet, has quit Australia’s retail car finance market after selling a A$1bn (US$874m) motor loan portfolio to Macquarie Group. The Australian investment bank is expanding its presence in the sector as well as [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 1, 2009 FINANCIAL TIMESFORD SELLS AUSTRALIAN LOAN BOOK TO MACQUARIEFord, the US carmaker that underwent a debt-for-equity swap this year to bolster its balance sheet, has quit Australia’s retail car finance market after selling a A$1bn (US$874m) motor loan portfolio to Macquarie Group. The Australian investment bank is expanding its presence in the sector as well as [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 18, 2009 THE SUNDAYSThe Sunday Telegraph £5.5BN PLAN FOR POWER STATIONA £5.5bn planning application, the largest ever in central London, will be made today when Ireland’s Real Estate Opportunities and Treasury Holdings reveal their blueprint for the redevelopment of Battersea Power Station. Plans for the mixed commercial and residential site, which developers say will be as iconically [...]
Ofgem approves investment boost for UK’s electricity distribution networks August 3, 2009 OFGEM, the energy watchdog, has approved a 25 per cent increase in electricity distribution networks over the next five years, allowing it to spend £1.3bn a year on ageing infrastructure. Funds will also go towards developing “smart grid” technology. Ofgem set out the plans in its price control proposals for electricity distribution for 2010-15. It [...]
Ofgem approves investment boost for UK’s electricity distribution networks August 3, 2009 OFGEM, the energy watchdog, has approved a 25 per cent increase in electricity distribution networks over the next five years, allowing it to spend £1.3bn a year on ageing infrastructure. Funds will also go towards developing “smart grid” technology. Ofgem set out the plans in its price control proposals for electricity distribution for 2010-15. It [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 6, 2009 THE SUNDAYSThe Sunday TelegraphG20 WILL CURB BANK BONUSESBonuses for bankers throughout the Western world will for the first time be subject to limits and checks as soon as next year after the G20 pledged to embark on an international crackdown on financiers’ pay. Banks will have caps imposed on the size of the bonus pot [...]
CITY MOVES WHO’S SWITCHING JOBS September 3, 2009 Pinsent MasonsThe law firm has appointed Raymond Beven as a London-based partner, responsible for leading the transport team within the firm’s projects and international construction group. Beven will be tasked with working across a broad transport portfolio including airports, rail and ports and projects in the Middle East, Caspian region and Europe. He joins from [...]
Where the smart money should be heading next year December 16, 2009 AT THE start of 2009, there was a very real chance that we would enter another Great Depression and the banking system was still on its knees. But the past 12 months have been an astonishing year in the markets – stock market indices have risen sharply beyond all expectations and major countries returned to [...]