WHAT THE OTHER PAPERS SAY THIS MORNING February 8, 2010 FINANCE TIMES DE SHAW MOBILISES TEAM TO BUY DISTRESSED ASSETS OF FUND RIVALS DE Shaw, the third largest hedge fund, has established an in-house team to look at buying portfolios of distressed assets and is targeting the holdings of rival hedge funds. The DE Shaw Portfolio Acquisitions Unit, launched last year, aims to capitalise on [...]
Why every firm needs a Facebook February 11, 2010 BACK when they started out in the corporate world Mike Powell and Ken Yeadon can remember a time when computers were rare. That was back in the mid 1980s when they both started work in HSBC’s trading department. A quarter of a century later and things have changed. Now, through their private equity company Thematic [...]
UK AT RISK | THERE’S ROOM IN THE STY February 10, 2010 CHANCELLOR Alistair Darling might have hoped that the Greek sovereign debt crisis would draw attention away from the parlous state of Britain’s own public finances. He will have been sorely disappointed – the Eurozone’s troubles have only highlighted the problems facing other highly indebted countries such as the UK and the US. The ratings agencies [...]
Car sales plunge despite scrappage scheme January 21, 2010 CAR production plunged last year despite a late surge fuelled by the Government’s scrappage scheme. Many companies cut back on manufacturing early in the year as recession-hit Brits cut back. Honda was one of the companies badly hit – reducing production at its plant in Swindon, Wiltshire, for four months from February. The introduction of [...]
Housing market no longer over-valued September 8, 2009 AT this rate, City A.M. will soon be able to ditch the “Beating the Blues” puff we run every day on our front page. We introduced it during the depth of the recession to emphasise that even though the economy was going to hell in a hand-basket, and life had become truly grim for our [...]
Q&A PUBLIC SECTOR BIDS February 18, 2010 Q. What should I consider if I want to bid for work on a public sector project? A.The first thing to think about is whether a public sector contract is right for the size of your company, says Matthew Perkins, deputy regional manager for south-west London at Business Link, the government business resource body. Bidding [...]
US factory orders increase but new home sales tumble January 5, 2010 THE upswing in the US economy was underlined yesterday as the latest government figures showed new factory orders rose 1.1 per cent, their third straight monthly increase. Inventory figures for November continued the recovery trend by growing for the second month in a row with a 0.2 per cent rise. After stocks fell for more [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 28, 2010 THE SUNDAYS The Sunday Telegraph NIKE BOSS MARK PARKER DEMANDS NEW RULES ON VALUING BUSINESS The global chief executive of Nike, one of the most powerful retail brands in the world, has said that companies will have to find more sophisticated ways of judging value and impact on the environment if they are to resist [...]
Q&A: RENTING December 17, 2009 Russell Hunt MANAGING DIRECTOR, PROPERTY HUNT Q.We’ve been putting off upscaling to a bigger family home, but don’t want to wait much longer. When should we move? AIt’s probably a mistake to wait too long and over-predict the market. If you look back to the first quarter of 2009 there were lots of good deals [...]
Pitman: Virgin Money to buy state assets February 1, 2010 VIRGIN Money could pick up assets on the cheap from the UK’s government-supported banks, chairman Sir Brian Pitman suggested yesterday. Setting out the ambitious target of growing revenues and customer numbers by 15 per cent annually, the 78-year-old said Virgin Money would pursue a combination of organic and bolt-on expansion. Pitman, a former chief executive [...]