Riot and looting damage will cost UK well over £100m, insurers say August 9, 2011 RIOTS across London and other UK cities over the past four days caused “well over £100m” of damage to property and businesses, the insurance industry said yesterday. As residents and business owners across the capital and cities such as Birmingham, Leeds and Nottingham counted the cost of days of wrecking and looting, insurers raised their [...]
Insurers see share bounce after Irene August 30, 2011 HURRICANE Irene sparked a relief rally in UK insurance stocks yesterday after low damage estimates from the storm left insurers less likely to suffer more claims to add to their heavy losses already this year. Lloyd’s insurers saw their shares fall last week as US authorities evacuated New York and warned of huge damage as [...]
Redknapp in outburst at cop as drama hits tax trial February 1, 2012 TOTTENHAM manager Harry Redknapp shouted across the courtroom at a detective to “stop staring” and accused the policeman of trying to unsettle him as his tax evasion trial took a dramatic turn yesterday. Redknapp (inset) raised his voice towards Detective Inspector David Manley, who led the City of London Police investigation, amid a series of [...]
PROFITS DOWN AT POLO RALPH LAUREN May 25, 2011 POLO Ralph Lauren yesterday posted lower-than-expected quarterly results and said higher raw material costs and business interruptions in Japan would hurt full-year margins, sending its shares down more than 10 per cent. The clothing maker, whose brands include Polo, Club Monaco and Chaps, said net income fell to $73.2m (£44.9m), or 74 cents a share, [...]
Miami Nice: there’s lots more to Florida than Disney World April 15, 2012 FOR most of the 1.5m Brits who travel to Florida each year, it’s the allure of the Mouse that does it. But there’s much more to the state than Disney. While Orlando promises wholesome family entertainment (especially for those who don’t mind queuing), the rest of Florida offers some serious fun for grown ups. Miami [...]
REFORM IS THE STORY OF BANKING BESTSELLER February 1, 2012 EVER WONDERED how former BP and Lehman Brothers spinner Andrew Gowers ended up as a strategic consultant to the Association for Financial Markets in Europe? The appointment of the one-time FT editor last November was a “seamless transition”, says AFME’s CEO Simon Lewis, from Gowers editing the body’s collection of essays on reforming Europe’s financial [...]
EPISODE 40: BEER, BUSINESS AND BIRCH-THEM-ALL December 12, 2011 Birchenall only looked about 70. That means he can’t have been more than – what?” Quickly I do the maths. Surely not. “That means he can’t have been more than about 45 when we were at school,” I say to Nick, incredulously. “I know. Scary,” replies Nick. “I’m sure Birch-Them-All looked about a hundred back [...]
RIM’s 2011 has been a nightmare – and it better wake up soon January 4, 2012 At a time of year when success stories are being lauded in a frenzy of year-end round-ups, spare a thought for those standing in the shadows, solemnly planning their new year’s resolutions. Sony’s should be “must remember to lock the back door,” given its unfortunate hacking incident, adding to the woes of its TV department, [...]
Cebu & Boracay paradise with flair March 25, 2012 HAVING recently visited nearby Malaysia, I thought I had a fair idea of what to expect from the Philippines. A bustling Asian melting pot where a hotchpotch of cultures, religions and cuisines collide in the middle of the Indian ocean, right? But stepping off the plane at our first stop – Mactan Island in Cebu [...]
BANKER GETS MORE BANGS FOR HIS BUCKS AT MAYOR’S SHOW WEDDING November 13, 2011 NO NEWS is good news, says the City of London Corporation, which yesterday breathed a sigh of relief after the St Paul’s protesters decided to respect the fact the Lord Mayor’s Show is a “community event”. “There was no disruption, not even shouting,” said a City of London spokesperson on Saturday’s “walking, marching pageant of [...]