WHAT THE OTHER PAPERS SAY THIS MORNING October 6, 2009 FINANCIAL TIMESDUBAI WORLD DEBT DECISION NEARSCrunch time is approaching for Dubai World as the government is nearing a decision on how much money it can apportion to deal with the holding company’s estimated $22bn debt pile, most of which is held by one of its subsidiaries, the developer Nakheel. The Dubai Financial Support Fund is [...]
Era of cheap mortgages is gone forever October 11, 2009 WITH official interest rates stuck at rock-bottom levels, consumers could be forgiven for wondering why mortgage rates remain so high. The answer, I’m afraid, is that the era of excessively cheap mortgages is gone forever in the UK. Over time, this will be no bad thing but in the short term it will prove cripplingly [...]
City lives in Bruce Wasserstein’s shadow October 14, 2009 ANYBODY who really wants to understand today’s City of London – its culture, its customs and its personalities – needs to acquaint themselves with the life of Bruce Wasserstein, one of the greatest corporate financiers of all time who died last night at the cruelly premature age of 61. He was, of course, a New [...]
City lives in Bruce Wasserstein’s shadow October 14, 2009 ANYBODY who really wants to understand today’s City of London – its culture, its customs and its personalities – needs to acquaint themselves with the life of Bruce Wasserstein, one of the greatest corporate financiers of all time who died last night at the cruelly premature age of 61. He was, of course, a New [...]
The world’s biggest hotelier won’t let the downturn stop expansion September 20, 2009 At 6’3”, the chief executive of InterContinental Hotels Group (IHG) Andrew Cosslett has broad shoulders – and with the battering the travel sector has taken over the last year it is just as well. Not surprisingly, the economic downturn has hurt the world’s largest hotel group, which boasts 630,000 rooms across more than 4,300 hotels [...]
Lupus Capital upbeat on outlook for construction July 29, 2009 LUPUS Capital, the construction investment group that ousted City entrepreneur Greg Hutchings earlier this month, said yesterday that tough trading conditions in the building products sector have started to ease. Lupus said yesterday its chief executive Keith Taylor had commenced a review of operations, and that the business is currently performing in line with expectations. [...]
Lupus Capital upbeat on outlook for construction July 29, 2009 LUPUS Capital, the construction investment group that ousted City entrepreneur Greg Hutchings earlier this month, said yesterday that tough trading conditions in the building products sector have started to ease. Lupus said yesterday its chief executive Keith Taylor had commenced a review of operations, and that the business is currently performing in line with expectations. [...]
WEALTHY OUT TO PLAY FOR SPEAR’S AWARDS September 14, 2009 LAST year, the Spear’s Wealth Management Awards were overshadowed somewhat by frantic whispers among the moneyed guests, who watched via BlackBerry as Congress voted against a $700bn bailout of the US banking industry and their Wall Street stock portfolios plummeted. So it was with some trepidation that those guests entered Christie’s auction house in St [...]
Balfour books rising profits despite slump August 12, 2009 SHARES in construction firm Balfour Beatty jumped yesterday after it reported a 14 per cent rise in first-half pre-tax profits. The group reported pre-tax profits of £108m for the six months to 27 June, up from £95m in the same period last year, and raised its dividend by eight per cent to 5.5p. Chief executive [...]
MBAs give you a flexibility that employers love September 9, 2009 IF there are people who doubt the value of an MBA, the Home Office isn’t one of them. A few years ago it introduced a points-based system for those wishing to immigrate to the UK. The receipt of a Nobel prize, Oscar or an Olympic medal gets you 25 points. If you have an MBA, [...]