RBS APPEASES TAXPAYING PUBLIC BY BRINGING OUT ARTISTIC GEMS October 12, 2009 AFTER being lambasted in recent months by angry taxpayers-cum-stakeholders baying for blood, it appears that the Royal Bank of Scotland is finally about to give something back. The bank – which is thought to own the largest collection of corporate art in Britain, with over 2,200 pieces – is in talks with museums and collectors [...]
Bear Stearns pair face criminal case October 11, 2009 THE first of an expected slew of high-profile court cases arising from the credit crunch begins tomorrow, with two former Bear Stearns employees accused of misleading investors over the health of sub-prime mortgage securities. The case will hinge on whether one of the bank’s former hedge fund managers, Matthew Tannin, knew that the sub-prime arena [...]
US earnings rut could be at an end October 11, 2009 Though today is Columbus Day, a public holiday in the US, most of its markets are trading regular hours. This week is going to be defined by US corporate earnings. Tomorrow we have Intel and Johnson & Johnson, JP Morgan Chase is on Wednesday; on Thursday Citigroup, Goldman Sachs, Google and IBM are all due [...]
CITY CELEBRATES TOP 50 LADIES IN BUSINESS October 1, 2009 TO Borough Market last night for the launch of the FT Top Fifty Women in World Business, held in the sumptuous surroundings of Roast restaurant. Not many of the illustrious ladies made it to sample the corking canapés, mind, since most – including PepsiCo’s Indra Nooyi, the top-ranked world businesswoman, and Kraft boss Irene Rosenfeld, [...]
CITY CELEBRATES TOP 50 LADIES IN BUSINESS October 1, 2009 TO Borough Market last night for the launch of the FT Top Fifty Women in World Business, held in the sumptuous surroundings of Roast restaurant. Not many of the illustrious ladies made it to sample the corking canapés, mind, since most – including PepsiCo’s Indra Nooyi, the top-ranked world businesswoman, and Kraft boss Irene Rosenfeld, [...]
Web spend is outstripping TV adverts September 30, 2009 SPENDING on internet advertising in the UK grew by 4.6 per cent in the first half of 2009, outstripping television ad spend for the first time ever. According to the biannual report from the Internet Advertising Bureau (IAB), ad spend on the internet grew to £1.75bn, with the medium accounting for 23.5 per cent of [...]
Compass sees boost from new business wins September 29, 2009 COMPASS Group, the world’s biggest caterer, has seen a 14 per cent growth in yearly earnings per share on the back of new business wins, cost cuts and a weak pound, sending its shares to a 12-month high. The company, which feeds office and factory workers, soldiers and schoolchildren, said it expected underlying sales to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 24, 2009 FINANCIAL TIMES DNO AIMS TO SAVE KURDISH VENTUREShares in DNO International, the Norwegian oil company, plunged more than 45 per cent on Thursday as trading resumed in the stock for the first time since Kurdish authorities threatened to cancel its licence to export oil from Iraq. Helge Eide, chief executive of DNO, told the Financial [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 24, 2009 FINANCIAL TIMES DNO AIMS TO SAVE KURDISH VENTUREShares in DNO International, the Norwegian oil company, plunged more than 45 per cent on Thursday as trading resumed in the stock for the first time since Kurdish authorities threatened to cancel its licence to export oil from Iraq. Helge Eide, chief executive of DNO, told the Financial [...]
Google eyes new acquisitions September 23, 2009 Google chairman and chief executive Eric Schmidt indicated yesterday that the internet giant is ready to begin buying other companies again, saying that “acquisitions are back on”. While he did not outline specific targets, Schmidt said that Google’s venture arm has cash to spend on creative new technologies. It last week acquired reCAPTCHA, a firm [...]