After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Shop owners to give nod to Blacks deal November 22, 2009 LANDLORDS are expected to today accept a proposal by embattled retailer Blacks Leisure that will allow it to exit leases on 89 stores in a bid to turn around its business. Landlords, both independent and the listed real estate companies like British Land and Land Securities , are said to be “spitting blood” that they [...]
ITV and M&S bosses can add long-term value November 22, 2009 Last week two of the UK’s biggest companies named new leaders. The appointments added hundreds of millions of pounds to the value of the businesses. But how much long-term value can a new boss add? Consider the pedigree of the men in question; both undoubtedly impressive. Marks & Spencer snared Marc Bolland as its new [...]
Wealth manager targets family offices November 22, 2009 WEALTH management firm Spencer-Churchill Miller Private (SCM Private) , run by star fund manager Alan Miller, plans to target family offices, expecting them to outsource more of their investment management. Meetings are arranged with ten family offices, with collective assets of around £15bn, and further London presentations are planned in the first quarter of 2010. [...]
CITY MOVES WHO’S SWITCHING JOBS November 22, 2009 Legal & General PropertyThe property investment group has hired Simon Russian as senior fund manager of retail development.Russian was previously head of retail and development director at Wilson Bowden Developments, which he joined in 1995. In his new role, he will be responsible for strategically managing the firm’s retail development projects and working with the [...]
BEST OF THE BROKERS November 22, 2009 ARK THERAPEUTICSKBC Peel Hunt has reduced its target price for Ark Therapeutics from 20p to 15p, and repeated its “sell” recommendation. Non-payment of fees lost the pharmaceutical company a licence from Circadian Technologies, and Peel Hunt believes arbitration could take 12 months. Concerns also linger over a brain cancer treatment. RANK GROUPPanmure Gordon has repeated [...]
Now’s the time to shoot the puppy November 22, 2009 ALL professions lend themselves to slang, but few are as fertile as the City and Wall Street. Since the term “credit crunch” emerged, a host of other terms have entered the lexicon. A year ago quantitative easing was just an arcane – if tongue-twisting – bit of economic theory. Now it is part of the [...]
DOWNTURN LANGUAGE SWEARING BY IT November 22, 2009 Has workplace language really changed in the downturn? Of course, new words have entered our vocabularies. Some have a sort of grim humour, and presumably aim to cheer up miserable workers. Take words such as the “brokefast” – ie, not having breakfast. Or the renaming of the American 401(k) pension plan scheme as the 201(k), [...]
City Moves for 20 November 2009 | Who’s switching jobs November 19, 2009 Markel InternationalThe specialty property and casualty insurer has appointed Hugh Maltby to the new role of operations director, responsible for IT, underwriting support, procurement and premises. Maltby, who will be based in London, has over 20 years of experience in the industry, including 12 years at Brit Insurance. Prior to that, he worked as an [...]
BEST OF THE BROKERS November 19, 2009 HUNTSWORTHKBC Peel upgraded Huntsworth to “buy,” after the firm said the economy in which it is trading is significantly better than at the turn of the year. The broker maintained its numbers, with a target price of 75p. While Huntsworth’s rebranding process well underway, the broker notes increased confidence in existing forecasts. DIMENSION DATAAltium Securities [...]
Tesco pushes into broadband as drive beyond groceries continues November 19, 2009 TESCO has set its sights on capturing a bigger slice of the broadband and home phones market as part of a drive to increase revenues from more profitable non-grocery markets. The supermarket group said it had agreed a five-year deal with Cable & Wireless for the telecoms firm to supply it wholesale broadband services. This [...]