GOVERNANCE TRAINSPOTTERS GET KNICKERS IN A TWIST OVER FLINT September 27, 2010 IT’S been a tiring week for HSBC, which is currently juggling the handling of a full-scale management game of musical chairs, the fallout from its leaky succession-planning AND a band of disgruntled sticklers for corporate governance among its shareholder base. So it’ll come as a welcome surprise for the bank to learn that a conservative [...]
DAUGHTERS JOIN DADS FOR GALA FUNDRAISER September 6, 2010 IF THE remaining doubters needed proof that the City has opened its arms wide to the talents and potential of the fairer sex, look no further. The Mansion House yesterday evening played host to hundreds of guests for the latest gala fundraiser for Lord Mayor Nick Anstee’s charity Appeal: a dinner specifically for the fathers [...]
Metro Bank arrives on the UK high street July 29, 2010 THE WORLD and his dog queued up outside Metro Bank’s first branch in Holborn yesterday morning for the opening of the UK’s first high street bank for over a century. Metro, which freely admits it will not offer the best rates for savers, is counting on a dedicated customer service and convenience-based approach to lure [...]
Koreans snap up French shopping mall August 17, 2010 SOUTH Korea’s National Pension Service (NPS) said yesterday it would buy a 51 per cent stake in a French shopping mall from Anglo-French property investor Hammerson for around 350bn won (£189m). The deal is the latest addition to NPS’s growing investments in overseas property assets which include a $767m (£493m) purchase of Sony Center in [...]
Jewel thieves escape with £380,000 haul August 16, 2010 MASKED raiders escaped with £380,000 worth of jewellery and watches after a brazen smash and grab at a City arcade. A gang of four thieves wearing balaclavas smashed their way into luxury jeweller De Beers, in the Royal Exchange, with sledge hammers in a five-minute raid on Saturday night. They targeted diamonds before breaking into [...]
Jewel thieves escape with £380,000 haul August 16, 2010 MASKED raiders escaped with £380,000 worth of jewellery and watches after a brazen smash and grab at a City arcade. A gang of four thieves wearing balaclavas smashed their way into luxury jeweller De Beers, in the Royal Exchange, with sledge hammers in a five-minute raid on Saturday night. They targeted diamonds before breaking into [...]
CITY MOVES | WHO’S SWITCHING JOBS September 20, 2010 Matrix Group The financial services group has taken on Peter Bax as head of property asset management. Bax was most recently a portfolio manager at Citi Property Investors for nine years, having previously held the position of vice president of global real estate investment origination at Citi’s private banking arm. He also formerly worked for [...]
M&S success fails to stop a drop in the FTSE 100 index October 7, 2010 BRITAIN’S top share index closed lower yesterday, as weaker metals prices hurt mining stocks, while Marks & Spencer rose as investors warmed to a trading update from the retailer. The FTSE 100 closed 19.26 points, or 0.3 per cent, lower at 5,662.13, after rising 0.8 per cent on Wednesday to a five-month closing high. Mining [...]
M&S success fails to stop a drop in the FTSE 100 index October 7, 2010 BRITAIN’S top share index closed lower yesterday, as weaker metals prices hurt mining stocks, while Marks & Spencer rose as investors warmed to a trading update from the retailer. The FTSE 100 closed 19.26 points, or 0.3 per cent, lower at 5,662.13, after rising 0.8 per cent on Wednesday to a five-month closing high. Mining [...]
Waterstone’s man plots £100m return September 5, 2010 THE founder of the Waterstone’s book chain could launch a bid of more than £100m to take the business private if owner HMV decides to sell, it is understood. Tim Waterstone, the novelist-cum-entrepreneur who started the company in 1982, is reported to have lined up financing from backers including a London-based hedge fund. Waterstone has [...]