After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
JD Sports eyes acquisitions September 21, 2010 Clothing and footwear retailer JD Sports Fashion said it would consider buying distressed brands or companies both in the UK and overseas as it posted a 37 per cent rise in first-half profit. “The financial pressures that certain brands or companies in the sector are suffering provides potential opportunity,” executive chairman Peter Cowgill said. Italy, [...]
Experian buys US peer Mighty Net for $208m September 21, 2010 BRITISH credit information company Experian has bought US peer Mighty Net for $207.5m (£133m), in a deal which Experian said would consolidate its market leading position in the United States. Mighty Net, which was founded in 1996, provides online services to US consumers interested in managing their credit behaviour. As of 30 June 2010, Mighty [...]
India is in Blackberry email talks September 21, 2010 INDIA is in talks with Research In Motion (RIM) to gain access to BlackBerry corporate e-mails after securing access to instant messages sent via the devices, a senior government source said yesterday. India, which along with several other countries has expressed concerns that BlackBerry services could be used to stir political or social instability, had [...]
Baltic Exchange presses ahead with a plan for a central derivatives screen September 21, 2010 THE Baltic Exchange is pressing ahead with launching a central screen as soon as it can to trade dry bulk freight derivatives despite broker worries over current proposals and a potential challenge from a separate platform. In May the Baltic Exchange said it had applied for multilateral trading facility (MTF) status with the UK’s Financial [...]
Serious Fraud Office to widen Weavering probe September 21, 2010 THE Serious Fraud Office (SFO) has widened its long-running investigation into hedge fund Weavering Capital, drawing in Swedish investigators and overseas creditors, said a source familiar with the matter. The SFO, which launched its probe last year into Weavering’s use of interest rate swaps and last May made two arrests, has met with Sweden’s economic [...]
Asda unveils £100m brand make-over September 21, 2010 THE unveiling of Asda’s Chosen By You range saw chief executive Andy Clarke take centre stage as he claimed the £100m project would be “game changing” because it was the first time a supermarket had put so much time and money into updating its mid-range products. More than 40,000 consumers across the UK took part [...]
Biggest bank in Japan eyes overseas buys September 21, 2010 Mitsubishi UFJ Financial Group (MUFG), Japan’s biggest bank by assets, is looking to buy a 15 to 20 per cent stake in a bank in South Korea, Australia or Indonesia to tap the region’s growing economy, a senior executive has revealed. Tatsuo Tanaka, chief executive of global banking at Bank of Tokyo-Mitsubishi UFJ, the firm’s [...]
Ed Miliband just beating David in Labour race September 21, 2010 Our latest YouGov/Sunday Times poll of Labour’s leadership election college shows the race is neck and neck. Six weeks ago David Miliband was leading his brother by eight points. Our poll on 7-9 September shows the two brothers are within two points of each other, with Ed Miliband narrowly ahead. YouGov asked people their first [...]
UBS forming global family office group September 21, 2010 UBS is forming a new global group for super-rich clients that will draw on expertise from its wealth management and investment banking arms, Switzerland’s biggest bank said in a memo yesterday. The new Global Family Office Group (GFO) will give the wealthiest private banking clients direct access to investment banking services, the world’s second-largest wealth [...]
CITY MOVES | WHO’S SWITCHING JOBS September 21, 2010 Advent International The private equity firm has appointed Marcello Bottoli, the ex-chief executive of Samsonite, as an adviser focusing on opportunities in the retail and consumer sectors, especially branded consumer products, fashion and luxury goods. Bottoli led Samsonite for five years up until January 2009, during which time he turned around the firm and oversaw [...]