Ford revenues up by a quarter May 3, 2010 Ford posted a 25 per cent increase in its spring sales from a year earlier, propelled by record sales of its Fusion midsize sedan and robust demand for trucks led by the F-series pickup. Ford sold 167,542 vehicles in the US market in April, compared with 134,401 vehicles the same month a year earlier. Excluding [...]
Mercedes-Benz powers Daimler May 3, 2010 Mercedes-Benz sold 25.1 per cent more cars in April year-on-year, owner Daimler said yesterday. The high-end auto manufacturer shifted 18,228 units, with strong demand for passenger cars and light trucks fueling volumes. Daimler said the C-Class model – “the gateway to the brand” – maintained its lead as Mercedes’ best-selling marque.
HIGH FLYER LOSES COURT CASE May 3, 2010 A HIGH-FLYING marketing executive who accused her boss of sexual harassment and trying to hire Russian hitmen to kill her has had her £4m compensation claim quashed by an employment tribunal. Jordan Wimmer, 29, was described as not being a “persuasive” witness in her lurid case against multi-millionaire Mark Lowe of Nomos Capital.
The man who could be chancellor plans radical changes for the City May 3, 2010 Allister Heath and David Crow pay a visit to Vince Cable ahead of the last week of the election campaign FEW politicians have emerged from the financial crisis with their reputation intact. Vince Cable must be the only one who has actually enhanced his, with his brand of left-wing policies playing perfectly to the shifting [...]
AIM advisers continue to lose business May 3, 2010 ADVISERS have continued to lose AIM-listed clients for the second straight quarter, according to the latest report by Hemscott published today. The AIM Advisers Rankings Guide for quarter two of 2010 shows London’s financial services sectors experiencing further client shrinkage. Analysts said they were not surprised by the figures, following the turmoil the small cap [...]
US and EU must coordinate regulatory reform May 3, 2010 We don’t need it next year…We need it now.” So said Barack Obama last week, referring to the US Financial Reform Bill, designed to change the way in which the American financial services industry is regulated. And, in public at least, President Obama appears to have support from Republicans and Democrats alike as they seek [...]
CITY MOVES | WHO’S SWITCHING JOBS May 3, 2010 Metric Property Investments Metric – set up by ex-British Land executives Andrew Jones (pictured), Valentine Beresford and Mark Stirling – has appointed three high-flyers following its £190m float on the LSE. William Evers, a former associate director at LaSalle, has joined as an investment executive. Juliana Weiss Dalton becomes head of investor relations and corporate [...]
BEST OF THE BROKERS May 3, 2010 HUGO BOSS Deutsche Bank has upgraded its recommendation of Hugo Boss to “buy” and says ambitious targets for 2015 have been set by the clothing group, and comments on current trading are very positive. Deutsche Bank has issued a target price of €38 for Hugo Boss and says that uncertainties over management changes are now [...]
Avis to bid for Dollar Thrifty May 3, 2010 Car rental firm Avis gatecrashed an agreed deal between Dollar Thrifty Automotive Group and Hertz yesterday, sending Dollar Thrifty’s shares soaring 15 per cent to $50.62 in morning trading. Hertz last week offered to buy Dollar Thrifty for $41 per share, mostly in cash. After Dollar Thrifty investors signalled their dissatisfaction, Avis boss Ronald Nelson [...]
French pension protests flop May 3, 2010 The French government’s plans to reform the country’s costly pension system were given a boost by a lower than expected turnout at weekend protests against the measure. President Nicolas Sarkozy wants to increase the retirement age beyond the current 60 years. The 1 May trade union demonstration attracted 350,000 people. Last year, the number was [...]