Small firms are revving Britain’s economic engine November 16, 2009 LAST week I found myself at a dinner with some leading businessmen, and a few journalists. It was held under Chatham House rules, so I’ll have to keep their identities to myself. There was, of course, the usual gloom over Gordon Brown, and a lack of confidence in his policies for the economy. On a [...]
Lloyds plans to axe 5,000 further jobs November 10, 2009 ANOTHER 5,000 jobs will be lost at Lloyds Banking Group, bringing the total number of sackings to 12,500 since the credit crunch began. Lloyds employees were yesterday warned by banking experts that there could be up to 30,000 sackings before the Lloyds-HBOS merger is complete. Unions branded the cuts, which were announced on the same [...]
Quintain set for a 180m rights issue November 1, 2009 QUINTAIN Estates, which recently sold its stake in the O2 Arena, hopes to raise up to £180m from shareholders to shore up its finances and fund its development plans in the Greenwich peninsula. The rights issue, which is expected to be announced this week, is thought to have the backing of major shareholders and will [...]
Quintain set for a 180m rights issue November 1, 2009 QUINTAIN Estates, which recently sold its stake in the O2 Arena, hopes to raise up to £180m from shareholders to shore up its finances and fund its development plans in the Greenwich peninsula. The rights issue, which is expected to be announced this week, is thought to have the backing of major shareholders and will [...]
Turner now in energy plan October 11, 2009 LORDADAIR TURNER, chairman of the Financial Services Authority (FSA), will today unveil a massive shake up in the renewable and nuclear energy industries. In a report from the Government’s Committee on Climate Change, which Lord Turner heads, guidelines to force action on climate change targets will be made, including a plan to directly intervene in [...]
Turner now in energy plan October 11, 2009 LORDADAIR TURNER, chairman of the Financial Services Authority (FSA), will today unveil a massive shake up in the renewable and nuclear energy industries. In a report from the Government’s Committee on Climate Change, which Lord Turner heads, guidelines to force action on climate change targets will be made, including a plan to directly intervene in [...]
ANTI-BRIBERY RULES TO GET EVEN TOUGHER November 24, 2009 TOM EPPSPARTNER, RUSSELL JONES & WALKER BEFORElast week, some might have suspected the wave of criminal investigations into corporate corruption over the last 12 months was a blip. The inclusion of the Bribery Bill in the Queen’s Speech, however, should convince everybody that such investigations are here to stay. The bill, which is understood to [...]
Galliford Try bags new contracts in hotel space September 7, 2009 CONSTRUCTION and housebuilding group Galliford Try has secured four lucrative new contracts in the hotel and residential sectors worth a combined £82.8m. The contracts include a £30m deal to develop a 186-bedroom Radisson Hotel in Guildford and the £28m redevelopment of Coworth Park Estate in Berkshire to create a country house hotel. Galliford Try will [...]
CITY MOVES WHO’S SWITCHING JOBS October 21, 2009 HeartwoodThe wealth manager has appointed Kirsty MacArthur as a relationship director for new clients, a role based in London. MacArthur joins from UBS, where she was responsible for advising ultra high net worth clients across the sport, media and private equity sectors. Prior to that, she worked at Coutts & Co, where she was an [...]
CITY MOVES WHO’S SWITCHING JOBS October 25, 2009 AvivaThe insurer has appointed Patrick Regan as its new chief financial officer, effective from February next year. Regan is currently group chief operating officer and chief financial officer of Willis Group Holdings, the insurance broker. He has also previously held positions within the industry as group financial controller at RSA and as finance and claims [...]