STANLEY FINK TO BRING ARK GALA DINNER GLITZ OUT OF HEDGIE SHELL July 5, 2009 WHAT a coup for former Man group boss Stanley Fink at the weekend, as he stepped into hedgie philanthropist Arki Busson’s shoes as the chairman of children’s charity Absolute Return for Kids (ARK). Busson is best known for his engagement to actress Uma Thurman and his hefty contribution to the hedge fund social circuit with [...]
Hell’s kitchen for Ramsay’s restaurants July 2, 2009 CELEBRITY chef Gordon Ramsay has found himself in hot water after his UK restaurants suffered a near 90 per cent drop in profits, forcing the foul-mouthed chef to pump his own money into the business. Gordon Ramsay Holdings filed accounts showing that the TV chef and Chris Hutcheson, his father-in-law and business partner, were forced [...]
Postal staff set to walk out as Royal Mail fails to deliver July 2, 2009 ROYAL MAIL yesterday condemned plans by London’s postal workers to strike over job cuts and modernisation next week, causing further chaos for Royal Mail. A Royal Mail spokesman said: “Customers will not understand how the union can claim to support modernisation but then announce strike action to halt existing efforts to modernise Royal Mail in [...]
London markets sag in the heat but Diageo refreshes July 2, 2009 THE FTSE 100 closed 2.5 per cent lower yesterday, with market sentiment hit by data showing US employers cut more jobs than expected in June and unemployment in Europe hit a 10-year high. The index ended down 106.44 points at 4,234.27 after closing 2.2 per cent higher on Wednesday, the first day of the new [...]
Sustainable living finally comes of age July 2, 2009 A PROPERTY developer called Morpheus recently revamped three super-luxury homes on Clareville Street in South Kensington, complete with all mod-cons. Even in this climate, they sold within days of going on the market in June, at an average price of £5m. A pretty normal story for the top end of London’s property market. But what [...]
Titan Clifford Chance loses its lead spot July 1, 2009 CLIFFORD Chance was yesterday knocked off the top spot as the world’s biggest law firm after revealing a 37 per cent plunge in full year profits. Average partner earnings at the London-based firm slumped from £1.16m in 2007-08 to £733,000 over the 12 months to 30 April as its key banking and corporate clients struggled [...]
CITY MOVES WHO’S SWITCHING JOBS July 1, 2009 MorseThe IT services and technology company has poached Guy Millward as group finance director from Kewill, where he also held the position of finance director. He originally qualified as a chartered accountant with Ernst and Young. Morse also said yesterday that Kevin Loosemore will return to his original role as non-executive chairman. He will also [...]
Oil up as Nigerian rebels strike June 29, 2009 Oil prices rose by nearly four per cent yesterday, on the back of news of fresh rebel attacks on oil installations in Nigeria, coupled with gains in the equity markets. Nigeria’s largest group of militants said its rebels had attacked a Royal Dutch Shell oil facility in the Niger Delta. The attack comes just days [...]
A swim under the sun June 29, 2009 BROCKWELL LIDOBROCKWELL PARK, SE24 0PA, TEL: 020 72743088, WWW.BROCKWELL-LIDO.COMTHE POOL: A south London gem, this pre-war, charity-funded lido is a Grade II listed Art Deco structure, which has been thoroughly updated. The ambitious facilities are divided into Health, Vitality and Wellbeing sections, and there are swanky workout machines if you want to augment your swimming [...]
A City restaurant in the crypt of St Paul’s spells an identity crisis June 29, 2009 THE RESTAURANT AT ST PAUL’SST PAUL'S CATHEDRAL, ST PAUL'S CHURCHYARD, LONDON EC4M 8AD (entrance through north-west crypt door)Tel: 020 7248 2469Web www.restaurantatstpauls.co.uk Cost per person without wine: £20 ONCE, stepping down into the crypt of St Paul’s Cathedral must have been a spooky experience. All those corpses and bones – even if they do belong [...]