CITY GRANDEES UNITED IN FOOTBALLING LOVE May 19, 2009 SURELY it’s a sign of the times when even the guest speaker at a City awards bash isn’t quite certain why he’s been invited? Last night saw 300 business world luminaries pack the ballroom at the Hilton hotel on Park Lane for the 2009 M&A Awards, where sports television presenter Ray Stubbs, pictured below, had [...]
Hapag Lloyd seeks state bailout August 16, 2009 Ailing shipping giant Hapag-Lloyd has applied for €1.2bn (£1.03bn) in German state loan guarantees, it emerged yesterday. HSH Nordbank, the German bank, admitted last week it had filed an application for state guarantees for the container shipping company. It is unclear when a decision will be made about the application for state aid.
Hapag Lloyd seeks state bailout August 16, 2009 Ailing shipping giant Hapag-Lloyd has applied for €1.2bn (£1.03bn) in German state loan guarantees, it emerged yesterday. HSH Nordbank, the German bank, admitted last week it had filed an application for state guarantees for the container shipping company. It is unclear when a decision will be made about the application for state aid.
CITY MOVES WHO’S SWITCHING JOBS October 4, 2009 ForestersThe friendly society has hired industry heavyweight Graham Berville to the board as a non-executive director. Berville was formerly director of the Association of Friendly Societies and chairman of the Association of Mutual Insurers, as well as a member and chairman of various Association of British Insurers (ABI) committees. Prior to joining Foresters, he spent [...]
CITY BOYS COME UP TRUMPS FOR SIR ALAN’S NEWEST APPRENTICE June 8, 2009 BEADY-eyed Apprentice followers may have noticed a bevy of City boys getting behind the camera last night for a cameo on the final episode of the show. Pelham PR’s Gavin Davis, Alisdair Haythornthwaite and Alex Walters appeared on screen, with Funsho Allu from insurer AIG and freelance hack Jack Dyson, to advise winner Yasmina on [...]
HSBC debuts ultra-low rate on home loan September 2, 2009 HSBC has waded further into the mortgage market by offering a new deal at 1.99 per cent for borrowers who can stump up a 40 per cent deposit. The rate, the lowest ever for a home purchase or remortgage and a substantial discount on the bank’s standard variable rate (SVR) of 3.94 per cent, will [...]
Google’s printing deal is revolutionary September 17, 2009 GOOGLE has come in for a lot of flak from publishers, some of it justified. But if you want to understand why it remains an exceptional company, there is no better place to start than with its latest deal. Over the last seven years, Google has scanned 2m out-of-print books from libraries and made them [...]
Nomura hit by lawsuit August 20, 2009 A LONDON headhunter is seeking “a commercially absurd sum” in a legal spat over how Nomura kept star bankers as part of its takeover of Lehman Brothers in Europe, the Japanese bank said yesterday. Documents filed at London’s High Court show there is a dispute between Nomura and Hogarth Davies Lloyd. “There is a dispute [...]
Nomura hit by lawsuit August 20, 2009 A LONDON headhunter is seeking “a commercially absurd sum” in a legal spat over how Nomura kept star bankers as part of its takeover of Lehman Brothers in Europe, the Japanese bank said yesterday. Documents filed at London’s High Court show there is a dispute between Nomura and Hogarth Davies Lloyd. “There is a dispute [...]
BLANK’S CHELSEA APPEARANCE SETS CITY TONGUES WAGGING ON HIS HEIR May 18, 2009 ANY idea that the downturn would affect corporate hospitality at the Chelsea Flower Show, traditionally one of the biggest, most important corporate schmooze-fests of the year, was smashed to smithereens at last night’s gala preview opening. Chelsea veterans including Marks & Spencer boss Sir Stuart Rose, WPP chief executive Sir Martin Sorrell, ICAP billionaire Michael [...]