After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
SEX AND A DIFFERENT CITY September 20, 2010 Fashion lovers focused their attention away from London Fashion week briefly as crowds gathered at St Paul’s Cathedral to commemorate the death of Alexander McQueen. Sarah Jessica Parker, star of Sex and the City, paid her respects and flaunted her much admired style, this time in a City slightly closer to our hearts. Models Kate [...]
Unilateral rule making will harm City September 20, 2010 PERCHED at a regulatory crossroads, the government is on the verge of decisions that will shape the UK economy’s competitiveness for generations to come. That much was clear from the opening day of the City Week financial services forum yesterday, where financial services doyens united in a call to policymakers to think long and hard [...]
BHP will stick to $39bn bid for Potash September 20, 2010 BHP Billiton chief executive Marius Kloppers said yesterday the company has no intention of changing its $39bn (£25bn) takeover offer for Potash, the world’s biggest fertiliser producer. During a visit to the home base of its takeover target intended to build political support in Canada, Kloppers brushed aside rumours that China, through its state-owned companies, [...]
CITY MOVES | WHO’S SWITCHING JOBS September 20, 2010 Matrix Group The financial services group has taken on Peter Bax as head of property asset management. Bax was most recently a portfolio manager at Citi Property Investors for nine years, having previously held the position of vice president of global real estate investment origination at Citi’s private banking arm. He also formerly worked for [...]
Energy firms take a battering September 20, 2010 A SPATE of Aim-listed oil and chemical stocks fell yesterday, as poor results and disappointing discoveries spooked investors. Sterling Energy said its wells in Kurdistan had produced less gas than expected, sending its shares on the Aim market down 39 per cent to 78.5p. Its two Sangaw wells had initially produced 4m cubit feet of [...]
City seeks business-savvy accountants September 20, 2010 FINANCE professionals working in large companies need to have commercial skills in order to succeed, new research by recruiters Robert Half revealed yesterday. Up to 90 per cent of business and finance leaders in London agree that strong commercial skills are needed to ensure the long-term success of finance teams and their business as a [...]
HSBC sells its distribution arm September 20, 2010 HSBC has sold its Asian banknote distribution business for $15m (£9.6m) to United Overseas Bank. The banking group has closed the remaining 60 per cent of its global distribution branch. HSBC said in June it would dispose of the arm as a non-core operation. Its role as a banknote producer in Hong Kong will be [...]
Amadeus will offload Opodo September 20, 2010 SPANISH travel services group Amadeus is said to be seeking a buyer for its European online travel agent Opodo. JPMorgan has been hired as an adviser and a deal could be announced before the end of the year. Amadeus, the travel-reservations technology company, has controlled Opodo since 2004 but does not view the holding as [...]
BEST OF THE BROKERS September 20, 2010 CARPHONE WAREHOUSE Morgan Stanley has raised its Carphone Warehouse target from 220p to 275p and issues an “overweight” rating for the retailer. The broker believes consensus forecasts for Carphone Warehouse do not factor in the impact that high-selling-price smartphones will have on like-for-like sales over the next 12 months. ROYAL BANK OF SCOTLAND JP Morgan [...]
CITY BOSS FINDS SLICE OF ARCTIC HISTORY September 20, 2010 REGULAR readers will remember Tim Levy, the bold chief executive of alternative investment firm Future Capital Partners, who last month set off on a gruelling expedition to the Arctic with one of his best mates, hare-brained TV adventurer Bear Grylls. Levy and Grylls – famed for his creepy crawly-eating escapades on Channel 4’s Born Survivor [...]