LDV in administration as all staff made redundant June 8, 2009 AILING van maker LDV yesterday laid off all its workers after it was put into administration. LDV, which is owned by Oleg Deripaska’s GAZ, employed 850 people directly and thousands more in dealerships and supply chains. PricewaterhouseCoopers (PwC) will now take over the running of the firm. “There is still the opportunity of a bright [...]
MOBIUS MOBILISING ON IRAQ June 8, 2009 MARK Mobius, the enigmatic world authority on emerging markets investment from US fund giant Franklin Templeton, is to start investing in war-torn Iraq. The so-called “Yul Brynner of Wall Street” said he would start investing in six months to a year. He hopes to tap into strong growth in the Middle Eastern nation. Mobius made [...]
MOBIUS MOBILISING ON IRAQ June 8, 2009 MARK Mobius, the enigmatic world authority on emerging markets investment from US fund giant Franklin Templeton, is to start investing in war-torn Iraq. The so-called “Yul Brynner of Wall Street” said he would start investing in six months to a year. He hopes to tap into strong growth in the Middle Eastern nation. Mobius made [...]
S&P chops Irish rating June 8, 2009 STANDARD and Poor’s (S&P) yesterday cut Ireland’s sovereign credit rating for the second time in three months and warned it could fall further because of concern about the soaring cost of bailing out the country’s banking sector. Ireland is now rated at “AA” with a negative outlook, S&P said. It was previously “AA+” and the [...]
S&P chops Irish rating June 8, 2009 STANDARD and Poor’s (S&P) yesterday cut Ireland’s sovereign credit rating for the second time in three months and warned it could fall further because of concern about the soaring cost of bailing out the country’s banking sector. Ireland is now rated at “AA” with a negative outlook, S&P said. It was previously “AA+” and the [...]
Entrepreneurs must show an appetite for risk June 8, 2009 Fresh from a weekend of filming for Dragon’s Den, to appear on BBC2 this September, I have been reflecting on the entrepreneurs who were pitching, and what it is that makes them backable. I’m looking for the killer instinct. I saw a lot of passion, enthusiasm and even drive this past weekend, but the difference [...]
Entrepreneurs must show an appetite for risk June 8, 2009 Fresh from a weekend of filming for Dragon’s Den, to appear on BBC2 this September, I have been reflecting on the entrepreneurs who were pitching, and what it is that makes them backable. I’m looking for the killer instinct. I saw a lot of passion, enthusiasm and even drive this past weekend, but the difference [...]
Relax given a boost as consumers struggle to manage personal debt June 8, 2009 CONSUMER debt management firm Relax Group yesterday said the economic outlook continues to favour the firm’s activities as it updated the market on an “extremely satisfying” set of results. Relax, which acquired PB Recovery in February and Relax Finance in May last year, said pre-tax profit rose to £668,000 for the five months to December, [...]
Relax given a boost as consumers struggle to manage personal debt June 8, 2009 CONSUMER debt management firm Relax Group yesterday said the economic outlook continues to favour the firm’s activities as it updated the market on an “extremely satisfying” set of results. Relax, which acquired PB Recovery in February and Relax Finance in May last year, said pre-tax profit rose to £668,000 for the five months to December, [...]
Wigley named as new Yell chairman June 8, 2009 DIRECTORIES publisher Yell said yesterday it had appointed Bob Wigley, ex-chairman of Merrill Lynch’s Europe, Middle East and Africa operations, as its new group chairman. The appointment of the veteran banker comes as the Yellow Pages owner seeks to reassure investors over the stability of its heavily-leveraged balance sheet. The group – which took a [...]