Amazon’s Jeff Bezos is much more than a bookseller: He’s the Everyman entrepreneur October 30, 2011 WITH the Kindle Fire, Amazon.com chief executive Jeff Bezos is showing the world that he’s much more than an online retailer. The original Kindle, released in 2007, was the first piece of electronic hardware Amazon ever produced, and it revolutionised the electronic book business. Wall Street analysts expect Amazon to sell about 26m Kindle devices [...]
CITY MOVES | WHO’S SWITCHING JOBS September 5, 2011 Cushman & Wakefield The property consultant has appointed corporate real estate executive Simon Ward as a partner in its EMEA corporate occupier & investor services team in London. Ward has more than 30 years’ experience in European and international corporate real estate, holding senior roles including regional director of corporate real estate at Jones Lang [...]
Persimmon profits surge and costs fall August 23, 2011 PERSIMMON saw a pickup in summer sales and enjoyed a surge in first half pre-tax profits as the UK’s third largest housebuilder improved its operating margins and clamped down on development costs. The York-based company, whose brands include Charles Church and Westbury, made an underlying pretax profit of £59.7m in the six months to the [...]
News Corp to sell News of the World site September 5, 2011 News International has put its Wapping home up for sale, abandoning a plan to remodel the 15-acre site in east London that was home to the News of the World newspaper. News Corp moved its staff out of the giant building between November and April but has also cut the number of its editorial staff [...]
News Corp to sell News of the World site September 5, 2011 News International has put its Wapping home up for sale, abandoning a plan to remodel the 15-acre site in east London that was home to the News of the World newspaper. News Corp moved its staff out of the giant building between November and April but has also cut the number of its editorial staff [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 9, 2011 FINANCIAL TIMES WATCHDOG HITS FRENCH AUDITORS French auditors have been lambasted by the UK’s leading accountancy regulator for their performance during the Greek debt crisis. Stephen Haddrill, chief executive of the Financial Reporting Council, criticised the way French banks and insurers had been allowed by their auditors to post smaller losses on Greek government bonds [...]
Russian bank pounces for Austria’s VBI September 8, 2011 RUSSIAN lender Sberbank has snapped up Austrian multinational Volksbank International (VBI) in its second multi-million euro purchase of the year. An adviser on the deal said that it provides an example of how Western European banks are missing out on growth opportunities due to being embroiled in the region’s debt crisis. At a stroke, the [...]
Taylor Wimpey sees house sales rebound June 28, 2010 HOUSEBUILDER Taylor Wimpey said sales have recovered after a lull around the time of the general election but political uncertainty is leading to caution in the sector. The UK’s third-largest volume housebuilder said private sales rate for the year to date are broadly flat year-on-year at 0.58 sales per site per week, while its order [...]
It is time to investigate your options for financing your commercial needs September 15, 2011 HEAD OF TRADE AND WORKING CAPITAL, UK AND IRELAND, BARCLAYS CORPORATE IN THE current economic climate, efficient cash flow management must be at the top of the agenda for UK small and medium enterprises (SMEs). With the slowdown in the economy and increasingly high inflation, cashflow suffers, as customers take longer to pay their bills. [...]
Bernanke fails to rule out QE3 October 4, 2011 IN A testimony to the US Congress yesterday, Federal Reserve chairman, Ben Bernanke largely rehashed language used in recent speeches, such as his address at the Jackson Hole symposium in August and his speech to the Economic Club of Minnesota on 8 September. However, forex market reactions leaned more on what the Fed chairman didn’t [...]