CITY MOVES | WHO’S SWITCHING JOBS February 1, 2010 GMT Communications Partners The private equity group has promoted Natalie Tydeman, pictured, to partner and Vikram Krishna to principal. Tydeman joined the group in 2007 as a senior adviser from Fremantle media, where she was a senior vice president. Krishna has been at GMT since 2005. He was formerly a manager at PwC, focusing on [...]
We must learn from financial history January 24, 2010 SPEAKING to this newspaper last night, Lord Myners, the City minister, points out that banks’ proprietary trading and investments in hedge funds and private equity were “in no way central” to the problems which led to the global financial crisis. I agree: Barack Obama’s plan to ban banks with retail arms from those activities – [...]
Flat sales dog SAB Miller as volumes wane January 19, 2010 Brewing giant SABMiller yesterday reported flat underlying beer volumes for the third quarter as subdued consumer spending continued to take the fizz out of its sales. Shares in the London-listed company ended the day more than two per cent down on the news that volumes for the three months to the end of December were [...]
Borders administrators wield the axe on 36 staff November 30, 2009 BORDERS, the bookshop that has fallen into administration, yesterday made its first round of redundancies. Joint administrators Phil Duffy, Geoff Bouchier and David Whitehouse of MCR announced that a total of 36 employees based at the London head office of Borders have been made redundant. Duffy said that the redundancies did not impact the business [...]
Battle for the festive pound is under way December 6, 2009 THE high street price war has heated up as shops focus both on luring shoppers away from the internet and beating competition from neighbouring shops. London’s West End shopping district enjoyed its best trade for two years over the weekend as 2m shoppers flocked to a traffic-free Oxford Street, spending over £200m in one day [...]
LAWYERS MAKE A KILLING IN COURT SPAT March 18, 2010 YESTERDAY saw sighs of contentment all round at inter-dealer broker Tullett Prebon, as judge Justice Jack ruled in its favour after almost a year of wrangling with rival BGC about a staff poaching operation. Though of course, after seven months of advisory work and a trial lasting the best part of four months, it’s the [...]
Shoppers defy cold to set Christmas record December 21, 2009 SHOPPERS are coming out in force in the run up to Christmas, setting records in the capital and throughout the country. The New West End Company, representing more than 600 traders in central London, declared sales have been even higher than expected. Jace Tyrrell, head of communications, said: “We have had a good weekend. We [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 10, 2010 THE SUNDAY The Sunday Telegraph GOOGLE BOSS WARNS UK OVER DEBT MOUNTAIN The chief executive of Google, Eric Schmidt, has given warning to the UK and other western governments that reducing their massive deficits will be far harder than in America because of the dollar’s status as the world’s reserve currency. PET CHAIN SUITORS GIVEN [...]
HSBC Shanghai plan to boost expansion December 20, 2009 HSBC is poised to become one of the first foreign companies to list on the Shanghai stock exchange, returning to its Asian roots. The bank wants to raise its profile in China as it opens more branches and considers taking stakes in Chinese lenders. It first announced in May last year that it wanted to [...]
The man with the Midas touch January 28, 2010 FEW people can say that Gordon Brown gave them a great business idea. Paul Tustain, the founder of BullionVault.com, the internet-based gold trading firm, can. When the current prime minister, then chancellor of the exchequer, sold off the nation’s gold supply in the late 90s, Tustain decided that was a good signal to buy. But [...]