CITY MOVES WHO’S SWITCHING JOBS September 15, 2009 Conduit Capital MarketsThe mid-market institutional derivatives and securities dealer has appointed Rakesh Chhabra as its new chief financial officer. Chhabra qualified at Moore Stephens and joined Coopers and Lybrand in 1994. He worked at Mesirow Europe before being appointed to his most recent role as finance manager at Knight Equity Markets International Limited, where he [...]
CITY VIEWS: WHAT ANNOYS YOU ABOUT YOUR BANK? September 15, 2009 PETER BOARDLEY CUNNINGHAM LINDSEY“I think things are much the same now as they have always been, and changes are due. Banks still overcharge for overdrafts and bounced cheques, although I understand that this could soon be addressed. Currently a lot of people get free banking at the expense of others who maybe go a small [...]
Why household cleaners are the hidden brands September 15, 2009 WITH so many people now living on social networks, the big topic in the marketing world these days is how you promote your brands directly into people’s online lives – and how you measure the “buzz”. There are “spiders” that crawl all over the web looking for references to products and services in the huge [...]
Airlines eye Asian growth through JAL September 15, 2009 AIR FRANCE -KLM is understood to be in talks to invest in Japan Airlines, joining a list of suitors seeking a stake in the loss-making carrier to access its route network. Delta Air Lines and American Airlines are also believed to be in separate talks with JAL, Asia’s biggest carrier by revenue. Each airline is [...]
Deutsche kicks off charity fund September 15, 2009 DEUTSCHE Bank has become the first investor in a new venture philanthropy fund to tackle poverty in London. The London Fund, set to be managed by venture philanthropy firm Impetus Trust, is now calling for investment from other City firms to boost its initial value of £1.3m. It is promising a more strategic approach to [...]
Job confidence rises in the City September 15, 2009 Job confidence among City professionals is returning slowly but steadily, a survey from recruiter GRS has shown. The firm found that the number of people who felt they would be more secure in their jobs within the next three months rose two per cent through July and August, up to 45 per cent of those [...]
Ofcom lifts rules on BT sales September 15, 2009 OFCOM said yesterday that it will remove the last piece of regulation that has prevented BT from selling discounted fixed-line voice, broadband and TV packages. Other network providers – such as Virgin Media, BSkyB and Carphone Warehouse’s TalkTalk – are already able to offer reduced rates to customers who take more than one of their [...]
Watchdog says that ITV contract rules must stay September 15, 2009 THE COMPETITION Commission said yesterday that rules governing how ITV charges advertisers cannot be removed, but could be adapted for the changing market. The contract rights renewal (CRR) system links advertising prices to viewing figures and was introduced in 2003 when ITV formed from a merger of Granada and Carlton. ITV has campaigned to have [...]
1,100 jobs to go at defence colossus BAE September 15, 2009 DEFENCE giant BAE Systems is to axe 1,100 jobs and close an aircraft factory in Cheshire, it emerged yesterday. The group said it planned to close its Woodford, Cheshire plant at the end of 2012 with the loss of 630 jobs. Other jobs will go at various sites across the country, including in Farnborough. BAE [...]
BEST OF THE BROKERS September 15, 2009 BARRATT DEVELOPMENTSInvestec said that Barratt Developments is geared up disastrously to pay peak values for land and Wilson Bowden. The broker said that, at £1.3bn, net debt is still surprisingly high. With the firm reported to be considering a highly dilutive £500m rights issue at the end of the month, the broker rates the stock [...]