What the other papers say this morning January 9, 2011 FINANCIAL TIMES GOLDMAN TEAM RAISES MONEY FOR NEW FUND The last big proprietary trading team at Goldman Sachs has begun raising money to start a new hedge fund independent of the bank, for launch in the second quarter of this year. The team – led by two senior members of Goldman Sachs’ Principal Strategies desk, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 2, 2011 FINANCIAL TIMES US OIL PRODUCTION REVIVES US oil production last year rose to its highest level in almost a decade, thanks to an increase in the use of “unconventional” extraction techniques. As a result, analysts believe the US was the largest contributor to the increase in global oil supplies last year over 2009, and is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 2, 2011 FINANCIAL TIMES US OIL PRODUCTION REVIVES US oil production last year rose to its highest level in almost a decade, thanks to an increase in the use of “unconventional” extraction techniques. As a result, analysts believe the US was the largest contributor to the increase in global oil supplies last year over 2009, and is [...]
Westfield sells half stake in Stratford City retailing November 22, 2010 AUSTRALIAN shopping-mall owner Westfield Group is selling a stake in its Stratford City development in London to Dutch and Canadian pension funds for £871.5m, Westfield has revealed. The company said it had agreed to sell a 50 per cent stake in the retail component of the development, which is being built next to the site [...]
CITY MOVES | WHO’S SWITCHING JOBS November 25, 2010 Grant Thornton Grant Thornton has appointed a new head of retail: Barry Knight. Knight brings 20 years’ of financial advising experience in retail, tourism and travel. He has worked for Littlewoods, Burton Group (now Arcadia Group), Sears, Selfridges, Jaeger and Boots. In his new role at Grant Thornton, he will be leading the retail team [...]
Diamond says banks should stop saying sorry January 11, 2011 BARCLAYS’ Bob Diamond has told Parliament he believes banks should stop apologising for mistakes made during the financial crisis. In a crammed room, which spectators had to queue to enter, Barclays’ incoming chief executive refused to commit to again waiving his bonus – and said Barclays would not quit London even if the bank was [...]
Diamond says banks should stop saying sorry January 11, 2011 BARCLAYS’ Bob Diamond has told Parliament he believes banks should stop apologising for mistakes made during the financial crisis. In a crammed room, which spectators had to queue to enter, Barclays’ incoming chief executive refused to commit to again waiving his bonus – and said Barclays would not quit London even if the bank was [...]
FTSE 100 rebounds as banks rally and miners pare losses January 5, 2011 BRITAIN’S top shares rallied yesterday after employment data from the US showed the economic recovery was picking up steam, which helped miners and oil stocks pare losses and banks rally. The FTSE 100 closed up 29.99 points, or 0.5 per cent, at 6,043.86, bouncing off a session low of 5,964.43. Miners pared losses and oil [...]
FTSE 100 rebounds as banks rally and miners pare losses January 5, 2011 BRITAIN’S top shares rallied yesterday after employment data from the US showed the economic recovery was picking up steam, which helped miners and oil stocks pare losses and banks rally. The FTSE 100 closed up 29.99 points, or 0.5 per cent, at 6,043.86, bouncing off a session low of 5,964.43. Miners pared losses and oil [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 23, 2011 FINANCIAL TIMES N IRELAND’S ECONOMIC WOES BOOST TERROR GROUPS, WARN OFFICIALS The parlous state of Northern Ireland’s economy is acting as a recruiting sergeant for dissident republican groups, senior police and security figures warned, raising questions about the pace of spending cuts in the region. The province’s power-sharing executive has been told to find savings [...]