DAREDEVIL CHIEF ROLET BRINGS A BREATH OF FRESH AIR TO FUSTY LSE September 17, 2009 XAVIER Rolet is certainly freshening things up over at the London Stock Exchange. The exchange’s new boss has been busy over the past few weeks, having shaken up the LSE’s marketing team, struck a deal to replace its IT provider and got rid of its trusted PR adviser Finsbury (the super-spinner and its arch-rival Brunswick [...]
DAREDEVIL CHIEF ROLET BRINGS A BREATH OF FRESH AIR TO FUSTY LSE September 17, 2009 XAVIER Rolet is certainly freshening things up over at the London Stock Exchange. The exchange’s new boss has been busy over the past few weeks, having shaken up the LSE’s marketing team, struck a deal to replace its IT provider and got rid of its trusted PR adviser Finsbury (the super-spinner and its arch-rival Brunswick [...]
LLOYDS’ TOXIC DEBT PLAN HIT September 17, 2009 LLOYDS Banking Group’s hopes of avoiding participation in the government’s Asset Protection Scheme (APS) were dashed yesterday, as the Financial Services Authority (FSA) said the bank did not have sufficient capital to spurn the facility. FSA officials, who have been stress testing the bank, have told Lloyds that the level of capital it would have [...]
ITVboard is split over Ball pay demands September 17, 2009 TONY Ball is said to be seeking a package worth up to £20m as chief executive of ITV, should he manage to bring the company’s share price back to health. But the boardroom is understood to be split over the terms of the deal, which is expected to include the ex-BSkyB boss putting some of [...]
Growing DIY trend boosts B&Q profits September 17, 2009 DIY chain B&Q was hailed the “jewel in the crown” by Kingfisher’s chief executive Ian Cheshire yesterday, as the growing trend of home improvement boosted sales and lifted profits ahead of expectations. Kingfisher yesterday said pre-tax profits leapt by 35 per cent to £288m in the 26 weeks to 1 August, from £214m the year [...]
Growing DIY trend boosts B&Q profits September 17, 2009 DIY chain B&Q was hailed the “jewel in the crown” by Kingfisher’s chief executive Ian Cheshire yesterday, as the growing trend of home improvement boosted sales and lifted profits ahead of expectations. Kingfisher yesterday said pre-tax profits leapt by 35 per cent to £288m in the 26 weeks to 1 August, from £214m the year [...]
Tullow hits oil at Sierra Leone well September 16, 2009 A CONSORTIUM of oil companies including UK-listed Tullow Oil said yesterday they discovered a deepwater oil well off the coast of Sierra Leone. Houston-based Anadarko Petroleum, which leads the group, said its Venus B well has an “active petroleum system”, and said the find raised hopes for more than 30 other prospects the companies have [...]
ITV execs in the frame for C4’s top job September 16, 2009 TWO ITV executives were yesterday being hotly tipped to succeed Andy Duncan as chief executive of Channel 4 (C4) when he steps down later this year. Peter Fincham, ITV’s director of television, and John Cresswell, the commercial broadcaster’s chief operating officer, are both believed to be favourites for the high-profile role. C4’s Duncan ended months [...]
Ofcom lifts rules on BT sales September 15, 2009 OFCOM said yesterday that it will remove the last piece of regulation that has prevented BT from selling discounted fixed-line voice, broadband and TV packages. Other network providers – such as Virgin Media, BSkyB and Carphone Warehouse’s TalkTalk – are already able to offer reduced rates to customers who take more than one of their [...]
WEALTHY OUT TO PLAY FOR SPEAR’S AWARDS September 14, 2009 LAST year, the Spear’s Wealth Management Awards were overshadowed somewhat by frantic whispers among the moneyed guests, who watched via BlackBerry as Congress voted against a $700bn bailout of the US banking industry and their Wall Street stock portfolios plummeted. So it was with some trepidation that those guests entered Christie’s auction house in St [...]