Lord Triesman hired as director of merchant bank Salamanca September 22, 2013 MERCHANT bank Salamanca Group yesterday said it has hired Lord Triesman as a director, effective immediately. David Triesman, who was formerly chairman of the Football Association, will be responsible for managing client relationships and developing business opportunities in his new role, with a particular focus on Africa and Europe. He is currently shadow spokesperson for [...]
Soros goes for third time lucky with marriage September 22, 2013 GEORGE Soros, the 83-year-old billionaire investor, philanthropist and active supporter of liberal political causes, married health care and education consultant Tamiko Bolton at the weekend. Soros and Bolton, 42, exchanged vows in a small ceremony at his Bedford, New York, estate, which Soros bought in 2003 from Jurassic Park author Michael Crichton. Federal judge Kimba [...]
Taxes paid by Glencore’s chief executive handed on to charity September 22, 2013 VOTERS in a small Swiss town decided yesterday to donate SwFr110,000 (£75,435) of taxes paid by GlencoreXstrata chief executive Ivan Glasenberg to charity in a protest against the commodities giant’s business practices. Voters in Hedingen, a town of around 3,500 inhabitants in the canton of Zurich, backed by 764 to 662 an initiative to donate [...]
City Moves for 23 September 2013 | Who’s switching jobs September 22, 2013 Savills The property company has recruited Brian Gaffney as a director and head of property management in Belfast. Gaffney has over 15 years’ industry experience. He joins from Colliers International, where he was head of its property management division. Standard Chartered The bank has announced two appointments to build its legal, compliance and regulatory programmes. [...]
Best of the Brokers for 23 September 2013 September 22, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com COMPASS Panmure Gordon has maintained its “hold” stance and target price of 820p on the food group ahead of its fourth quarter trading update on Thursday, saying that limited M&A activity over the course of the yearmeans there is potential to return some [...]
London Report: House prices set to show strong recovery signs September 22, 2013 HOUSE price data set to be released this week is likely to show a strong month-on-month rise for September, pushing the annual increase to a three-year high. The boost, shown in Nationwide data, reflects stronger consumer confidence and a higher employment rate, but is also likely to highlight the dangers of a possible house price [...]
Wall St The Week Ahead: US stocks may suffer from fiscal fighting September 22, 2013 INVESTORS may be tempted to shy away from stocks in the next week or two as the latest version of the fiscal follies plays out in Washington. It’s understandable. The prospect of a government shutdown or, worse, default on the federal debt, rekindles memories of 2011 when Washington’s infighting prompted the loss of the United [...]
The man who went from hotdogs to thinkpods September 22, 2013 Regus founder Mark Dixon tells Michael Bow why serviced offices are at the cutting edge of technology SITTING behind a boardroom table in an office on Berkeley Square in Mayfair, Mark Dixon, founder and chief executive of serviced office company Regus, is sipping from a Pret A Manger paper cup. With his round tortoiseshell spectacles [...]
German election unlikely to provoke demand for safe-haven assets September 20, 2013 With Germany's federal election due to be held this Sunday, research group Capital Economics says that an immediate resurgence in demand for safe-haven assets is unlikely. Although the current coalition could, the research group says, could stay in government, they are expecting a grand coalition between the Christian Democratic Union and Social Democratic Party. Capital [...]
Eurozone consumer confidence improvement disappoints in September September 20, 2013 Eurozone consumer confidence has improved from -16 to -14.9 in September. That's a smaller improvement that the jump to -14.5 that analysts were anticipating. Christian Schulz, senior economist, Berenberg: Consumers set a moderately positive tone ahead of the series of important Eurozone sentiment indicator releases next week. The EU Commission’s consumer confidence indicator rose for [...]