THE MEN GOING PAUNCH TO PAUNCH IN 2010 FAT BANKERS COMPETITION December 16, 2010 WITH another eight days to go before the turkey is even dished out, some of us may have already had our share of mince pies and bucks fizz. But not everyone has been so indulgent. Two bankers in particular have successfully resisted the temptations of the festive season and are on track to shed almost [...]
THE MEN GOING PAUNCH TO PAUNCH IN 2010 FAT BANKERS COMPETITION December 16, 2010 WITH another eight days to go before the turkey is even dished out, some of us may have already had our share of mince pies and bucks fizz. But not everyone has been so indulgent. Two bankers in particular have successfully resisted the temptations of the festive season and are on track to shed almost [...]
Mouchel calls in Deloitte as austerity bites December 2, 2010 MOUCHEL yesterday confirmed Deloitte has been drafted in to examine how far the firm’s future income could drop, sparking fears it could follow Connaught and Rok into administration. The engineering consulting and design group has been rocked by swingeing cuts in government spending, resulting in the haemorrhaging of contract income. Deloitte was called in by [...]
High street sales jump September 28, 2010 THE British high street enjoyed a surprisingly healthy September, according to the CBI’s distributive trades survey with the balance of retailers reporting that sales were higher compared to a year earlier rising to the highest level since May 2004. A net 49 per cent said that sales volumes were greater than a year earlier thanks [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 12, 2010 FINANCIAL TIMES RESPITE OVER CITY BONUSES DETAILS Britain’s banks will be spared the embarrassment of giving details of big bonus payments to staff in their annual reports next spring after the Treasury admitted the relevant legislation will not be on the statute book in time. The delay to new disclosure requirements is likely to create [...]
CITY MOVES | WHO’S SWITCHING JOBS October 21, 2010 Schroders The asset management firm has hired Philippe Lespinard as its new chief investment officer of fixed income, effective from 1 November. Lespinard joins from Brevan Howard in London, where he was a partner and head of absolute return strategies. Prior to that, he was chief investment officer at BNP Paribas Asset Management in Paris. [...]
Coup at HSBC September 23, 2010 HSBC CHIEF executive Michael Geoghegan is set to step down from his role before the end of the year to make way for investment banker Stuart Gulliver, after a boardroom coup that will rock the banking sector. Geoghegan’s ego will be dealt a further blow with the appointment of HSBC’s finance director Douglas Flint as [...]
BP to sell $3.5bn in bonds September 28, 2010 BP signalled a return to “business-as-usual” after the Gulf of Mexico tragedy, with plans to sell up to $3.5bn (£2.2bn) in new bonds just three days before Bob Dudley is set to take over the chief executive post. The oil major’s funding arm, BP Capital Markets, is selling five and ten-year bonds, the first such [...]
BP to sell $3.5bn in bonds September 28, 2010 BP signalled a return to “business-as-usual” after the Gulf of Mexico tragedy, with plans to sell up to $3.5bn (£2.2bn) in new bonds just three days before Bob Dudley is set to take over the chief executive post. The oil major’s funding arm, BP Capital Markets, is selling five and ten-year bonds, the first such [...]
Daniels quits as Lloyds boss September 20, 2010 LLOYDS Banking Group chief executive Eric Daniels yesterday became the third UK banking boss to quit his position in just two weeks, during a turbulent time at the top of the industry. Lloyds said Daniels would retire in a year’s time, giving it time to conduct a thorough search for his successor both externally and [...]