‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Goldman backs our charity December 7, 2011 A CHARITY that pulls people out of poverty by offering vital banking services? That’s the kind of charity that straight-talking Goldman Sachs partner Martin Devenish supports. Devenish, the head of Goldman’s emerging markets equities sales, sees his work unlock the potential of high-growth economies every day and is an outspoken advocate of helping entrepreneurs make [...]
CHIEF EXECUTIVE OPPORTUNITY INTERNATIONAL UK December 7, 2011 I’ve always maintained that what we do here at Opportunity International combines the skills of the social worker with the tools of the banker. For some that might seem something of an unholy alliance, but when it comes to lending – the core of our service – it’s a duality that works. Much of our [...]
MORE THAN £220,000 NOW RAISED December 7, 2011 DONATIONS keep pouring in to our City A.M. Christmas charity appeal and we are very proud to announce that we have now reached a grand total of £222,000. We are grateful to a number of generous personal donors this week, who have asked to remain anonymous but have committed several thousand pounds between them. With [...]
Kesa plunged into a loss by falling Comet December 7, 2011 ELECTRICALS retailer Kesa swung to a loss in the first half, dragged down by the dire performance of its Comet stores, it said yesterday. Kesa’s results yesterday will be the last to include Comet, which is being sold to private equity buyers OpCapita for a nominal £2. Kesa will also pay a cash dowry of [...]
ANALYST VIEWS: WHAT WILL LIFE AFTER COMET BE LIKE FOR KESA? December 7, 2011 RICHARD HUNTER | HARGREAVES LANSDOWN The planned disposal of the UK Comet business will convert the company into a European, especially French, play and even here the previously promising development has weakened. The Comet disposal has also resulted in some notable impairment charges. There are some glimmers of hope. DAVID JEARY | INVESTEC The Comet [...]
Carrefour in buy-out talks December 7, 2011 FRENCH retailer Guyenne et Gascogne said yesterday it was in talks with Carrefour that include expanding equity ties, and that it may receive a proposal soon. Guyenne et Gascogne chairman Bertrand de Montesquiou confirmed the talks after Le Figaro newspaper said Carrefour was considering buying its largest franchisee, and paying for it with Carrefour shares. [...]
Gerald Corbett to join Betfair December 7, 2011 CITY veteran Gerald Corbett, who has been chief executive of both Railtrack and Woolworths during his lengthy career, has been appointed as deputy chairman of struggling betting group Betfair. Corbett is currently currently chairman of Britvic, the the Royal National Institute for the Deaf and Moneysupermarket.com. He was chairman of Woolworths until a year before the [...]
Ross bails Cosalt out – until his offer ends December 7, 2011 DAVID Ross, chairman of safety gear supplier Cosalt, rode to the loss-making company’s rescue yesterday with a deal to provide it with £5m of emergency working capital to keep it afloat. Ross, whose grandfather founded Cosalt a century ago, has made the funds available from his Oval investment vehicle but warned that he would only [...]
News Int had Watson under surveillance December 7, 2011 LINKLATERS have confirmed Tom Watson MP was put under surveillance for a week in 2009 by a private investigator working for the now defunct News of the World. A letter sent to Parliament by lawyers representing News Corp verified that Watson, who has been Labour MP for West Bromwich East since 2001, was placed under [...]
Sales of Nintendo 3DS get boost from Mario in Japan but US and Europe lag December 7, 2011 SALES of Nintendo’s 3DS games device will hit 3m units in the Japanese market within days, but consumers in the US and Europe seem to be delaying holiday shopping due to poor economic conditions, the company said. Nintendo slashed the price of the 3DS by about 40 per cent in August and announced a flood [...]