Rothschild names its first non-relative as chief exec February 10, 2010 BANKING group Rothschild has set its face to the future by confirming it will appoint a non-family member, Nigel Higgins, as chief executive for the first time. Having spent 27 years with the bank, Higgins has considerable pedigree. But in March he will become the only person in the finance house’s 212-year history to take [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 19, 2010 FINANCIAL TIMES HCL FUELS DEBATE The head of one of India’s biggest IT outsourcing companies has waded into the debate on UK public sector efficiency savings, complaining of an “old boys’ network” in government procurement. Vineet Nayar, chief executive of HCL Technologies, hit out at the “stranglehold of a few companies” in Britain’s £17bn market [...]
Algos boost your trading but always read the label March 30, 2010 WHERE professional traders venture, retail traders won’t be far behind, anxious to pick up on the latest developments in technology and strategy. Algorithmic trading is no exception – there have been recent signs that individuals are more and more interested in using algorithms in their foreign exchange trading. Deutsche Bank’s retail foreign exchange trading arm [...]
The biggest Mad Man in the world still retains a close eye for detail April 7, 2010 This downturn is evidently really beginning to get on the nerves of WPP chief executive Sir Martin Sorrell. He says: “People’s expectations have shifted. Company profits were down 30 per cent in 2008, now that they were only down, say, 13 per cent last year, they are calling that good. But if profits keep falling [...]
The man who thinks MBAs should make ethics centre stage in the boardroom April 28, 2010 AROUND a year ago, in the aftermath of the collapse of Lehman Brothers and in the midst of governments bailouts, a group of Harvard Business School MBA students decided to create an oath that would help to promote more ethical behaviour in business. They were stung by criticism of MBAs, who were blamed by some [...]
Darling issues bonus threat in FSA battle August 20, 2009 CHANCELLOR Alistair Darling yesterday raised the pressure on Financial Services Authority (FSA) boss Hector Sants over bank bonuses, as he pledged to discuss the issue at next month’s G20 meeting in London. Darling said banker pay must be controlled and that the FSA is the obvious body to implement such controls. The remarks bring the [...]
OH, FOR THE DAYS BEFORE PURITANS WIELDED THE BUDGET BRIEFCASE… March 22, 2010 BUDGET Days, under New Labour, have become a decidedly austere affair in recent years – and not just because the public finances are spiralling out of control. Alongside bringing a battered red briefcase to the House of Commons, the incumbent chancellor is traditionally allowed to drink from a glass of his favourite tipple while presenting [...]
UK consumer confidence unchanged due to uncertain economic situation July 30, 2009 UK consumers were no more positive in July than in the previous month as they wait to see what happens to the economic situation over the next 12 months, according to GfK NOP figures released today. Overall UK consumer confidence remained at -25 – a very low level historically – but is nonetheless 14 points [...]
NEWSPAPER VETERAN APPROACHES GUARDIAN WITH A HEAVY HAND March 24, 2010 HEATED words in the media world yesterday after Carolyn McCall’s abrupt defection from the helm of Guardian Media Group to easyJet. Some say McCall won’t be too sorely missed by her former charges at the Guardian, given the messy state of the group’s finances and her recent controversial decision to sell the Manchester Evening News. [...]
Man United launches bond issue to help cut debt pile January 10, 2010 Manchester United said last night it was seeking to raise £500m through a bond issue to alleviate its £699m debt burden. The Premiership club had been expected to raise £600m via a bond issue. Its finance arm will issue senior secured notes due 2017 to refinance existing debt secured against the club. Last year United’s [...]