Pru board’s perks revealed in their employment contracts June 7, 2010 PRUDENTIAL chairman Harvey McGrath may have soaked up most of the pressure at yesterday’s annual general meeting, but at least he didn’t have to think about driving home. The former head of Man Group is entitled to a chauffeur-driven car as one of his perks at the helm of Prudential’s board, according to contracts seen [...]
Tesco finance unit shuns Lloyds and RBS assets November 17, 2009 Tesco is not interested in any assets bailed-out banks Lloyds and Royal Bank of Scotland will be forced to sell to satisfy EU antitrust worries, the head of Tesco Personal Finance said. Benny Higgins also said on the sidelines of the Euro Finance Week conference yesterday that Tesco might not launch a current account until [...]
FOREX FLASH May 25, 2010 US-CHINA TALKS CENTRE ON YUAN PEG At the close of talks between the US and China this week, US Treasury Secretary Tim Geithner voiced a growing hope that China might end its most recent yuan peg to the dollar, telling Bloomberg Television that he was “as confident as I’ve ever been” that Beijing would soon [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 29, 2010 FINANCIAL TIMES LI KA-SHING PAYS £5.8BN FOR UK UTILITY EDF of France is set to sell its UK electricity networks business to Cheung Kong Infrastructure of Hong Kong for £5.8bn, 45 per cent more than the price originally suggested for the deal, according to a person close to the negotiations. The state-controlled French electricity group [...]
Money Dashboard secures 1m October 27, 2009 Money Dashboard, a personal finance website that helps people keep track of their money, said yesterday that it had secured a further £1m in investment ahead of its beta testing launch date next month. The service connects to a user’s online financial accounts and allows them to view all of their transactions in one place. [...]
Money Dashboard secures 1m October 27, 2009 Money Dashboard, a personal finance website that helps people keep track of their money, said yesterday that it had secured a further £1m in investment ahead of its beta testing launch date next month. The service connects to a user’s online financial accounts and allows them to view all of their transactions in one place. [...]
WHAT DOES THE RULING MEAN FOR BANKS AND FOR CONSUMERS? November 25, 2009 PETER VICARY-SMITH WHICH?“This is a bitter blow for the millions of people who have been patiently waiting to get their bank charges back. Not only does it give banks licence to charge what they like for unauthorised overdrafts, but it could have ramifications for other areas of personal finance.” MATHEW REA DAWSONS LLP“The decision is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 5, 2010 FINANCIAL TIMES RENMINBI BOND DEALS BEGIN TO PAY A Hong Kong-based toll road company will sell renminbi-denominated bonds to international investors this week in a little-noticed deal that marks an important change in China’s currency controls. Hopewell Highway Infrastructure, controlled by Hong Kong tycoon Gordon Wu, plans to raise at least Rmb1bn (£100m) from institutional [...]
Spreading success, little by little July 11, 2010 WILSON Moleni is on his first trip to the UK. And what a first visit it is: he is dining with royalty, meeting dignitaries and briefing journalists. Not bad for a man who grew up among Malawi’s poorest, and who (most of the time) had just enough food to continue to go to school. Moleni, [...]
ANGELS June 17, 2010 Q.My small business needs financing – how do I find an angel investor and what kind of businesses do they fund? A. With so much uncertainty lingering in the markets, it is a difficult time to find investment. But since last summer, activity has picked up among angel investors – wealthy individuals who invest in [...]