Shopping channel QVC unveils first high street shop as turnover shines October 10, 2011 QVC, one of the world’s biggest shopping channels, will launch its first pop-up shop on the British high street today. The temporary Diamonique store – selling QVC’s own range of imitation diamonds – is opening in Hatton Garden today with prices ranging from £21 to £743. The new retail offering comes as the company announced [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 14, 2011 FINANCIAL TIMES FSA faces challenge in appeal against fine The ability of the City’s watchdog to punish senior executives for insufficient supervision is being challenged in a test case by a former head of UBS’s wealth management operations in the UK. A tribunal yesterday heard an appeal by John Pottage, UBS’s former head of wealth [...]
Markets choppy on Eurozone fears November 10, 2011 The FTSE 100 opened down today as Italy’s deepening debt crisis threatened to topple the Eurozone and plunge the world economy into uncharted waters. The cost of borrowing on Italian government bonds jumped to seven per cent yesterday — a level considered unsustainable by economists. Italy today launches an auction of as much as €5bn [...]
Ross bails Cosalt out – until his offer ends December 7, 2011 DAVID Ross, chairman of safety gear supplier Cosalt, rode to the loss-making company’s rescue yesterday with a deal to provide it with £5m of emergency working capital to keep it afloat. Ross, whose grandfather founded Cosalt a century ago, has made the funds available from his Oval investment vehicle but warned that he would only [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 10, 2011 FINANCIAL TIMES TOUGH CARE HOME REGULATIONS PROPOSED The government is considering a series of tough regulations for residential care homes following the collapse this year of Southern Cross, the UK’s biggest home operator. The measures, outlined yesterday for consultation, include requiring companies to post capital upfront as a condition of their licence, and giving councils [...]
Businesses hit by riot threat August 8, 2011 BUSINESS groups in London warned yesterday that ongoing riots in the capital could add to the UK’s economic woes, as more high street stores were vandalised and looted by rioters. The British Retail Consortium (BRC) reacted strongly to the outbreaks of vandalism, saying struggling shops would be hit hardest by the damage. “Clearly, with high [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 24, 2011 FINANCIAL TIMES POLL SHOWS MAJORITY OF INVESTORS USE VOTES Almost eight in 10 UK institutional investors exercise their voting rights in all the companies in which they own shares, according to a survey by the Investment Management Association. The finding, in a report setting out the extent of shareholder involvement in the early days of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 24, 2011 FINANCIAL TIMES POLL SHOWS MAJORITY OF INVESTORS USE VOTES Almost eight in 10 UK institutional investors exercise their voting rights in all the companies in which they own shares, according to a survey by the Investment Management Association. The finding, in a report setting out the extent of shareholder involvement in the early days of [...]
Hundreds of City jobs to go as BofA cuts costs by $5bn September 12, 2011 BANK of America chief executive Brian Moynihan yesterday said the bank would take drastic action to cut $5bn (£3.1bn) from its annual cost base. Moynihan told a New York conference BofA would sell assets and slash 30,000 jobs in the first phase of an overhaul to put it on a firmer financial footing and convince [...]
Weaker mining and energy prices drag the FTSE down October 31, 2011 BRITAIN’S top share index fellback yesterday, led by weaker miners and energy issues, as commodity prices retreated under the influence of a firmer dollar and worries over demand from China, with banks also under pressure after recent gains. Miners and integrated oil stocks took over 30 points off the UK blue chip index, as they [...]