Barclay brothers buy DHL parcels unit January 6, 2010 SIR David and Sir Frederick Barclay started the year with a major acquisition for their home delivery business. They snapped up DHL’s parcels business for an undisclosed sum to merge with their Home Delivery Network (HDN). The deal will vastly increase the scale of HDN, doubling its turnover from £300m to £600m. Briant Gaunt, chief [...]
Retail sales up faster than forecast August 19, 2010 RETAIL sales volumes rose nearly three times faster than economists had forecast in July, with almost all non-food sectors showing strong growth, according to official data. Public borrowing measures, meanwhile, were lower than a year ago but still the revealed the uphill task the government has to face to bring down a 2009/10’s record budget [...]
Retail sales up faster than forecast August 19, 2010 RETAIL sales volumes rose nearly three times faster than economists had forecast in July, with almost all non-food sectors showing strong growth, according to official data. Public borrowing measures, meanwhile, were lower than a year ago but still the revealed the uphill task the government has to face to bring down a 2009/10’s record budget [...]
BarCap equities chief resigns July 13, 2010 Barclays Capital’s head of EMEA equities Dixit Joshi has resigned from the bank. He will take up an equivalent role at Deutsche Bank in October, according to reports last night. Joshi oversaw a massive expansion of BarCap’s European and Asian businesses as BarCap sought to become a full-service investment bank, and hired close to 1,000 [...]
BarCap equities chief resigns July 13, 2010 Barclays Capital’s head of EMEA equities Dixit Joshi has resigned from the bank. He will take up an equivalent role at Deutsche Bank in October, according to reports last night. Joshi oversaw a massive expansion of BarCap’s European and Asian businesses as BarCap sought to become a full-service investment bank, and hired close to 1,000 [...]
At last, the banks are reaching out to UK Plc October 13, 2010 THERE are two possible ways forward for the banking industry. The first is to do nothing and try and brave out the storm, chucking the occasional insult at detractors. The second is to show some humility, reach out, make sensible reforms – and invest some of its own cash – to improve matters and fight [...]
Business chiefs join PM in trade mission to India July 25, 2010 DAVID Cameron will this week lead this country’s strongest ever trade mission to India, in a drive to boost cooperation between the UK and one of the fastest-growing economies in the world. Over 50 of the UK’s top business leaders will join the Prime Minister, chancellor George Osborne, foreign secretary William Hague, business secretary Vince [...]
Business chiefs join PM in trade mission to India July 25, 2010 DAVID Cameron will this week lead this country’s strongest ever trade mission to India, in a drive to boost cooperation between the UK and one of the fastest-growing economies in the world. Over 50 of the UK’s top business leaders will join the Prime Minister, chancellor George Osborne, foreign secretary William Hague, business secretary Vince [...]
ECONOMIST VIEWS: WAS SECOND QUARTER GDP AS GOOD AS IT WILL GET? July 25, 2010 HETAL MEHTA | E&Y ITEM CLUB “The second quarter is likely to represent the high point as fiscal tightening and a renewed slowdown in global activity constrains a more robust recovery. This preliminary estimate does not radically change the basic picture of a patchy recovery that will only pick up speed gradually.” SIMON HAYES | [...]
Brazilian trio takes Burger King for $4bn September 2, 2010 A LITTLE-KNOWN private equity firm stunned Wall Street by taking over troubled fast food chain Burger King in a $4bn (£2.6bn) deal yesterday. Analysts began talking about a potential wave of takeovers in the restaurant sector after 3G Capital, a New York-based vehicle run by three Brazilian billionaires, agreed a $24-per-share offer with the company’s [...]