Ten Alps launches B2B portal September 24, 2009 Sir Bob Geldof’s media company, Ten Alps, yesterday launched an online business portal, Link 2, which gives users access to content to its 400 business-to-business magazines and directories, plus video and breaking news. Adrian Dunleavy, chief executive of Ten Alps’s communications division, said that the firm is targeting “new online revenue opportunities and a more [...]
CITY MOVES WHO’S SWITCHING JOBS September 24, 2009 F&C Commercial Property TrustThe trust has appointed John Stephen, currently an independent non-executive director, as its new chairman, effective from 31 October. Stephen will replace Peter Niven, pictured, who steps down as chairman after four years and will remain on the board as a non-executive director. Niven is also a director of Resolution, which recently [...]
IT COULD BE YOU: LOTTO FOR SALE September 24, 2009 CITY advisers have been appointed to find buyers for a majority stake in Camelot, the group that runs the National Lottery. At least four out of Camelot’s five shareholders, representing an 80 per cent stake in the group, are interested in selling their stakes which are valued at a total of more than £300m. The [...]
G20 MEETS IN PITTSBURGH September 24, 2009 US PRESIDENT Barack Obama yesterday welcomed world leaders to the G20 summit in Pittsburgh. The assembled dignitaries plan to thrash out a deal to try and prevent a repeat of the banking crisis that has devastated the global economy.
Brown faces G20 upset… September 24, 2009 aGORDON Brown found the beginning of his G20 conference overshadowed at home and abroad yesterday, as his closest economic adviser stepped down and President Obama appeared to snub him. Baroness Shriti Vadera will leave government to take up a job as adviser to the G20, prompting speculation that the posting was an interim position designed [...]
Beware: we could soon face new bubble September 24, 2009 UNTIL recently, the worry about quantitative easing was that it was not working well enough, a view which has long stuck me as excessively pessimistic. But in recent days several top economists have started to express fears the policy may actually have worked too well and that all of the liquidity being injected into the [...]
…as police gas protesters September 24, 2009 RIOT police in Pittsburgh fired tear gas at anti-capitalist protesters yesterday as up to 2,000 activists barricaded the streets in an unauthorised demonstration. Police told the protest group, calling itself G20 Project Resistance, to disperse after they gathered a few hundred metres away from the convention centre. But the demonstrators reacted angrily, using rubbish bins [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 24, 2009 FINANCIAL TIMES DNO AIMS TO SAVE KURDISH VENTUREShares in DNO International, the Norwegian oil company, plunged more than 45 per cent on Thursday as trading resumed in the stock for the first time since Kurdish authorities threatened to cancel its licence to export oil from Iraq. Helge Eide, chief executive of DNO, told the Financial [...]
Darling drafts in APS enforcer September 24, 2009 Chancellor Alistair Darling has recruited former management consultant and private equity boss Stephan Wilcke to help enforce the terms of the government’s £585bn asset protection scheme for banks. Wilcke will lead a team of up to 50 charged with ensuring that banks live up to their side of the bargain.
M&A fails to recover with rally September 24, 2009 The return of confidence to the markets has failed to boost M&Aactivity, according to new data. Global deal values in the first nine months fell 37 per cent to $1,620bn (£1,010bn), data provider Dealogic said, the lowest since 2004. Third-quarter deal volume of $412.4bn was down 34 per cent on the second quarter.