Resolution says deals to come before 2012 February 11, 2010 INSURANCE bid vehicle Resolution insisted its acquisition plans were on track yesterday despite a 16 per cent slide in its share price since the start of the year. Chief executive John Tiner said the team was “very confident indeed” it would make two more significant deals by 2012 after its £1.8bn takeover of life company [...]
OFF PISTE AND PARTY February 7, 2010 There’s no doubt package holidays are easier to arrange – book it and it’s all organised for you. But for flexibility on dates and sometimes (though not always) price, it makes sense to head off the groomed path – off piste you might say – and put your holiday together yourself. If you’re looking for [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 4, 2010 FINANCIAL TIMES UNION “NOT MILES APART” FROM BA The broad outlines of a settlement in the dispute between British Airways and its cabin crew are emerging in informal talks between the two sides, the Unite union said yesterday. “We’re not miles apart,” said Steve Turner, national officer for aviation at Unite, which represents BA’s 12,000-plus [...]
SABMiller gets new Swiss base January 28, 2010 Beer producer SABMiller has snubbed London to base a new global procurement operation in Switzerland. The company already has procurement operations in Africa, Asia and South America but plans to use Zurich as a global base. It already has its European headquarters based in the town of Baar, outside Zurich. Staff for the new operation [...]
CITY MOVES | WHO’S SWITCHING JOBS January 28, 2010 Earth Capital Partners The green investment advisory firm, chaired by ex-Man Group boss Stanley Fink, has appointed Bosworth Monck, Gabriel Montana and Richard Smith to its sustainable agriculture and forestry investment team. Monck, pictured, will head up the team and previously held roles as chief executive of Ibis Asset Management, chief operating officer of hedge [...]
Paradise complete with tax benefits January 28, 2010 WITH taxes for top earners sure to increase in the coming years, there has been much talk of City types moving abroad. Switzerland has been the country mentioned most often. The lure of Geneva, Zurich and Zug, it is supposed, will prove irresistible to London-based bankers because of the low tax regime. But will it [...]
Highest earners punished as London tops world tax league January 14, 2010 CITY workers paid £1m a year will be the worst off high earners in the world when the 50 per cent rate of income tax is introduced from 6 April. A Londoner on £1m will take home £300,000 less than someone on the same salary in Singapore, £130,000 less than a similar earner in Tokyo [...]
World Player Messi hails a perfect year for Barca December 21, 2009 LIONEL MESSI spoke of his “perfect year” after being named the Fifa World Player of the Year last night. The brilliant Argentine winger, 22, beat team-mates Andres Iniesta and Xavi, plus last year’s winner Cristiano Ronaldo and Kaka, to the award in Zurich, which was voted by each national team coach and captain. Messi, 22, [...]
UBS decides against pursuing its former directors in the courts December 15, 2009 SWISS bank UBS will not sue its former bosses after risky bets on subprime mortgages and a strategy of helping its US clients dodge taxes by hiding money in secret accounts brought the seemingly invincible group to its knees. Zurich state prosecutors also said they would not open criminal proceedings against UBS employees as there [...]
BARROW-BOY BROKERS CONSIDER THEIR CHANCES IN SLEEPY ZURICH December 15, 2009 EVER since inter-dealer broker Tullett Prebon revealed on Monday it would allow its staff to relocate to more favourable tax regimes if they wish to avoid the government’s crackdown, the City has been a hotbed of gossip about whether or not the move will indeed spark a much-feared exodus of talent from our shores. Inside [...]