WHAT THE OTHER PAPERS SAY THIS MORNING June 14, 2011 FINANCIAL TIMES RBS TAKES CONTROL OF 42 MARRIOTT HOTELS Royal Bank of Scotland has taken control of a £1bn property portfolio of Marriott hotels after failing to secure a debt-for-equity restructuring of one of its largest individual real estate loans made during the property boom. RBS on Tuesday night appointed Ernst & Young as receivers to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 14, 2011 FINANCIAL TIMES RBS TAKES CONTROL OF 42 MARRIOTT HOTELS Royal Bank of Scotland has taken control of a £1bn property portfolio of Marriott hotels after failing to secure a debt-for-equity restructuring of one of its largest individual real estate loans made during the property boom. RBS on Tuesday night appointed Ernst & Young as receivers to [...]
Leading the way to a digital Holy Grail June 12, 2011 WE USED to work in media buying so we know what makes media owners tick,” Henry Rowe tells me. He and his business partner Dominic Finney got the idea for their business, FaR Partners, when they realised that they had the killer combo of media buying know-how and tech savvy. It has been a roaring [...]
Rolling towards a greener future June 28, 2011 IT seems fair to say that Rolls-Royce owners are not eco warriors. So when Rolls-Royce Motor Cars said they were building a prototype electric Rolls-Royce Phantom – called the 102EX or Phantom Experimental Electric (EE) – mine were not the only eyebrows raised. But at the very least the concept is intriguing. Why would Rolls-Royce [...]
Tweeting in court could damage your business March 29, 2011 IMAGINE that your business is in court. And now imagine that some people in that courtroom are sending out a constant barrage of tweets about the proceedings – every accusation, every negative claim and every judicial comment appears instantly on the internet, in a context-destroying 140-character form. And now imagine the effect it could have [...]
Plot to oust Healthcare Locums chair February 8, 2011 THE SUSPENDED executive vice chairman of Healthcare Locums, the medical staffing firm, has resigned and launched a bid to sack the chairman that disciplined her. Kate Bleasdale, who is also the founder of the company, has used her 11 per cent stake in the business to call an extraordinary general meeting to oust chairman Alan [...]
WHAT THE OTHER PAPERS SAY THIS MORNINGF February 22, 2011 FINANCIAL TIMES SUGAR TRADERS CONSIDER CAP The world’s largest sugar exchange and top traders are mulling “circuit breakers” to cap the recent surge in price volatility, people familiar with the discussions said. The ICE Futures US exchange, based in New York, and the World Sugar Committee (WSC), an advisory group of top traders, are setting [...]
Visa hit by web protest December 8, 2010 SUPPORTERS of the whistle-blowing website Wikileaks brought down several payment processing websites yesterday and threatened to attack other financial services. Visa’s website was suspended and Mastercard’s online services were malfunctioning yesterday after activist group Anonymous attacked the websites as revenge for the companies blocking Wikileaks transactions earlier in the week. Mastercard said yesterday: “Our core [...]
INSURANCE July 8, 2010 Q. What are the basic kinds of insurance required of a small business? A.Business insurance requirements depend on the firm’s type, but at the bare minimum you will require public liability insurance, business motor insurance and liability insurance for any employees. While public liability insurance isn’t necessarily legally mandated, most serious businesses cover themselves for [...]
Insurers lobby to avoid paying out to cover airline losses April 20, 2010 UNCERTAINTY over who will foot the losses generated by the flight restriction mounted yesterday as it remained unclear how insurance cover would be given to the airlines. Airlines impacted by the closure of airspace could have cover, according to Holman Fenwick Willan lawyer Paul Wordley, but only if they have business interruption triggers in their [...]