WHAT THE OTHER PAPERS SAY THIS MORNING February 16, 2012 FINANCIAL TIMES HEDGE FUND PIONEER BACK FOR ASIA VENTURE William Bollinger, one of the pioneers of London’s hedge fund industry, has come out of retirement to launch a new venture – in Singapore. A protégé of the renowned investor Julian Robertson and a former donor to the Labour party, Mr Bollinger set up Egerton Capital, [...]
There’s no let up in City’s race to consolidate January 9, 2012 IT seems there is going to be no slackening of the consolidation process taking place in the financial advisory sector. Evolution has already been swallowed up by Investec, with fairly unpleasant consequences for many of its employees; Collins Stewart Hawkpoint is busy sorting out the finer details of its deal with the Canadian group Canaccord, [...]
Mulberry bags chief from rival Hermes December 21, 2011 LUXURY handbag and leather goods maker Mulberry has poached Bruno Guillon, the managing director of French rival Hermes, to help drive the group’s international expansion into Asia and the US. Guillon, 46, will become the brand’s first non-British chief executive, joining in March next year after 10 years at the family-owned fashion house Hermes, where [...]
Arcadia profits fall by 38pc November 24, 2011 Arcadia, the Topshop-to-Bhs British retail group owned by billionaire Philip Green, added to the bad news coming from the UK high street, posting a 38 per cent fall in year profit and a further deterioration in recent trading as mild weather deterred winter clothing purchases. The group, which also owns the Topman, Burton, Dorothy Perkins, [...]
Arcadia profits fall by 38pc November 24, 2011 Arcadia, the Topshop-to-Bhs British retail group owned by billionaire Philip Green, added to the bad news coming from the UK high street, posting a 38 per cent fall in year profit and a further deterioration in recent trading as mild weather deterred winter clothing purchases. The group, which also owns the Topman, Burton, Dorothy Perkins, [...]
Osborne to find cash for UK builders November 27, 2011 TOMORROW, George Osborne will deliver his Autumn Statement, supposedly focusing on economic growth. There will also be fresh data on government finances from the Office of Budget Responsibility. The statement is likely to contain a mixture of bad news for taxpayers as well as government subsidy for pet ideas. It is unlikely to contain anything [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 14, 2011 FINANCIAL TIMES BANKS FACE €350BN BASEL III SHORTFALL European banks will have to raise nearly €200bn ($260bn) in new capital or cut their balance sheets by nearly 20 per cent, to achieve the tougher new Basel III banking reform rules that start taking effect in 2013, a new study has found. The study by the [...]
House prices edge up in a soft market November 1, 2011 HOUSE prices nudged up last month, beating expectations for no change, driven by sales in more affluent areas, data from mortgage lender Nationwide showed yesterday. House prices rose 0.4 per cent in October having risen 0.1 per cent in September, pushing them 0.8 per cent higher than a year ago, the first time annual house [...]
Future shares tank as ailing publisher falls to annual loss November 24, 2011 SHARES in Future, the troubled magazine publisher, plunged by almost a fifth yesterday, after it fell to an annual pre-tax loss of £18m. The firm, which publishes magazines as diverse as Total Film, Cycling Plus and Simply Knitting, scrapped its dividend until at least 2013 after revenues at its ailing US division tumbled by 16 [...]
Shares slump at L&S after GE pulls out December 8, 2011 SHARES in London & Stamford Property plunged by more than 13 per cent yesterday after its largest shareholder sold its stake in the struggling business. London & Stamford stock fell by 13.2 per cent during the day before closing down 7.55 per cent at 106.5p after GE Asset Management offloaded all of its 74m shares, [...]