Man U signs Aon deal with Asian goal
Manchester United has signed an eight-year deal worth nearly $240m with Aon to sponsor the club’s training ground and training kit as the US insurance broker hopes to secure a place in the hearts of the football club’s Asian fan base. Man Utd’s training ground at Carrington will be renamed the Aon Training Complex and Aon replaces DHL as the club’s training kit sponsor.
Calpers to battle zombie boards
Fresh from successes at Apple and Hewlett-Packard, the largest US public pension fund is preparing to take on “zombie” directors and rogue pay arrangements as the country’s season of annual meetings gets under way. The $255bn California Public Employees’ Retirement System has identified 52 directors who have failed to win shareholder votes but either stayed in place or subsequently been reinstated.
EU life insurers not at risk - study
Most European insurers will not be forced to alter their investment strategies by the new Solvency II risk-based capital requirements, says a study that contradicts some industry predictions.
Ogilvy calls time on Canary Wharf
The advertising agency behind Dove’s “real women” skincare campaign is heading uptown and up river. Ogilvy & Mather is close to taking 200,000 sq ft of space at Sea Containers House on the South Bank.
Forte checks out of Prague monastery
Sir Rocco Forte will hand back tomorrow the keys to a 13th-century former monastery in Prague that he once dubbed his “most charming hotel” after its owners terminated his company’s operating contract.
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Tesco faces £1bn writedown to quit US
Tesco is facing a bill of about £1bn to quit its loss-making Fresh & Easy business in the US The group is set to confirm in its full-year results next week that it will exit the US.
BT chief hits out at copper luddites
Ian Livingston, the chief executive of BT has hit back against critics of his £2.5bn fibre broadband roll-out, calling Sir Charles Dunstone and others "copper Luddites" who just want to "hobble the UK economy for their own commercial reasons".
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Credit Suisse warns German clients
Credit Suisse is telling German clients it will stop doing business with them if they don't provide evidence their accounts comply with tax reporting rules.
Chinese firm eyes European cinema
Just months after grabbing a chunk of the US movie-theater market, China’s Dalian Wanda Group is moving toward becoming a global power in film exhibition, holding talks to purchase a European chain. It comes after Wanda buying AMC Entertainment last year.