London rises to highest close in 3 weeks on Dubai bailout December 14, 2009 BRITAIN’S top share index closed at its highest level in a week yesterday, led by banks, after Abu Dhabi bailed out Dubai with $10bn in surprise aid, with commodities stocks also notching up solid gains. The FTSE 100 closed up 53.77 points at 5,315.34, its highest close since 4 December, adding to a rise the [...]
How to control Xmas party damage November 23, 2009 THE revelry of the Christmas season always carries the same sting in its tail: hangovers, weight gain and liver strain. On average, people gain five pounds over the four-week period, the result of consuming 500 extra calories a day (a few handful of crisps, a mini sausage roll, a couple of glasses of wine and [...]
THE TIPSTER GOOD RESULTS BUT OUTLOOK QUESTIONED November 8, 2009 WE ARE still in earnings season and mobile telecoms giant Vodafone is due to report its interim results tomorrow. Last week’s comments by Cisco that technology spending is on the up may be the sort of signal to encourage further support for the company, but with competitor Orange launching their UK iPhone sales on the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 13, 2009 THE SUNDAYS The Sundays Telegraph DEBENHAMS DIRECTORS GET BUMPER PAYOUTS Directors of Debenhams have received bumper payouts, despite the retailer cutting its dividend payment to shareholders last year. Rob Templeman, chief executive, saw his package increase by a third to £1.24m after he was granted a bonus of £428,073. Michael Sharp, deputy chief executive, saw [...]
TRAVEL NOTES November 1, 2009 De Niro opens Locanda Verde in NYCRobert De Niro has opened a new Italian in Tribeca, located within his hotel, The Greenwich. The idea is a “family style” taverna, with a starry twist, thanks to head chef Andrew Carmelli, protégé of celebrity cook Daniel Boulud. Carmellini is known for his pasta, which includes dishes such [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 17, 2009 FINANCIAL TIMES STRICKEN SCOTTISH AIRLINE’S £30M IN QUESTION Administrators of Globespan, the collapsed Scottish airline that has left thousands of passengers stranded abroad, were investigating last night why £30m of its funds were being held by E-Clear, the company that handles its credit card transactions. Bruce Cartwright, of PwC, said he understood that about half [...]
City types head out for a slippery slurp November 26, 2009 IT WAS off to Mansion House for many in the City yesterday for the annual Guinness and Oyster Lunch, which has been a tradition in the Square Mile for nigh on half a century. New Lord Mayor Nick Anstee kicked off the proceedings with a rousing speech, swiftly followed by the face of Guinness maker [...]
Post unions in rage over hiring plan October 18, 2009 TRADE UNIONS warned employment agencies wanting to get involved in the Royal Mail dispute that they might face crippling fines, exacerbating already fraught tensions between the two sides. The GMB joined the Communication Workers Union (CWU) – which has called for national strikes over modernisation objectives – in slamming Mail plans to hire in 30,000 [...]
Post unions in rage over hiring plan October 18, 2009 TRADE UNIONS warned employment agencies wanting to get involved in the Royal Mail dispute that they might face crippling fines, exacerbating already fraught tensions between the two sides. The GMB joined the Communication Workers Union (CWU) – which has called for national strikes over modernisation objectives – in slamming Mail plans to hire in 30,000 [...]
Returning consumer confidence gives UK retail sales a much-needed boost October 12, 2009 BRITISH retailers will breathe a sigh of relief today following the latest figures from the British Retail Consortium (BRC), which showed a healthy improvement in like-for-like retail sales last month. The data showed that UK retail sales values rose 2.8 per cent on a like-for-like basis in September compared to the previous year when turmoil [...]