Be wary of London becoming uncompetitive March 28, 2010 As a representative of the UK financial and professional services industries, overseas visits are a key part of my job, not only to encourage foreign firms to invest in UK plc but also to help our global partners create environments in which UK-based firms are willing and able to invest and prosper. Last week I [...]
Bovey’s failed business now up for sale March 28, 2010 IMAGINE Homes, the property business owned by Anthea Turner’s husband Grant Bovey is to be put up for sale by administrators Deloitte. It is Bovey’s ninth failed business and adds to the long list of embarrassments for the celebrity couple. Imagine Homes bought properties from developers and sold them on to investors with supposed guaranteed [...]
CITY MOVES | WHO’S SWITCHING JOBS March 28, 2010 Principal Global Investors The asset management firm has appointed Andrea Muller as chief executive of its east Asian operations and managing director for the Asia ex-Japan region, effective from tomorrow. Muller has over 23 years of experience with large multinational firms and was most recently the head of the Fitch ratings agency in the Asia [...]
BEST OF THE BROKERS March 28, 2010 TED BAKER Numis Securities are positive about the outlook for the retail group given the tough trading conditions in the downturn. Factoring-in a marginally better outlook for US retail and UK wholesale through 2010, Numis has raised its January forecast by £0.5m to £22.8m. Numis has issued a “hold” recommendation for now. COMPASS GROUP Numis [...]
Digital radio switchover risks backlash March 28, 2010 AN information blackout on Britain’s switch to digital radio in 2015 could create a massive public outcry, according to the House of Lords Communications Committee. Britain will move from FM to digital in five years time but according to the Communications Committee the general public and retailers have not been properly informed about its impact. [...]
World cup win would lift the UK economy March 28, 2010 A World Cup win for England could spark a spending spree and lift the country out of the downturn, according to a latest survey by PWC. Unsurprisingly, 25 per cent of men said a victory in South Africa would give the economy a boost but only 13 per cent of women agreed, out of 2000 [...]
The fund manager who swallowed New Star and is looking for more March 28, 2010 We are at the beginning of the end of the financial crisis, according to the chief executive of Henderson Global Investors. “It will be a very slow recovery throughout 2010,” says Andrew Formica, the 38-year-old boss of the UK’s third-largest listed fund manager, which boasts assets under management of £58.1bn. The confident Australian is sat [...]
CELEBRATING WITH THE CITY’S TOP 30 UNDER 30 March 28, 2010 AWARDS ceremonies, as many in the City will know, are all too often worthy but slightly dull affairs, with tables full of gnarled luminaries guffawing at bad jokes after numerous glasses of lukewarm Sauvignon Blanc. But Friday afternoon’s Square Mile 30 Under 30 London Talent Awards could not have been further from that disheartening stereotype, [...]
The City’s top skiers fight for glory on Italian slopes March 28, 2010 The 2010 City Ski Championships Courmayeur, Vallee d’Aoste, Saturday 20 March 2010 THE competition for the City Ski Championships gets hotter each year, but this year’s championships were dominated by Accenture which came away with all the main prizes. With the strap-line “High Performance. Delivered”, this Accenture certainly did on the Le Greye piste of [...]
HMV looks to live music to boost fortunes March 26, 2010 HMV is pinning its growth hopes on live music as it forges ahead with a restructuring of the business. In a strategy update the firm pledged a turnaround of its Waterstone’s bookstores which traded poorly over Christmas, and said it would maintain the current level of dividend. HMV said that its transformation into an entertainment [...]