Penguin chops 100 UK staff July 7, 2009 CONSUMER book publisher Penguin yesterday confirmed that it will axe up to 100 jobs in its London offices as it implements a series of changes designed to position the company for the digital era. The Pearson-owned publisher has entered into a period of consultation with employees regarding the dismissal of around 10 per cent of its [...]
Penguin chops 100 UK staff July 7, 2009 CONSUMER book publisher Penguin yesterday confirmed that it will axe up to 100 jobs in its London offices as it implements a series of changes designed to position the company for the digital era. The Pearson-owned publisher has entered into a period of consultation with employees regarding the dismissal of around 10 per cent of its [...]
Henderson Global names new head of 150m property fund May 26, 2009 HENDERSON Global Investors has named Cameron Fraser as head of its £150m institutional UK property fund, replacing Ludo MacKenzie who is jumping ship to become a partner at rival property fund Melford Capital Partners. Fraser is joining from CBRE Investors, where he was manager of the Unilever account and oversaw the growth of its fund [...]
LLOYDS TO OFFLOAD CUMMINGS’ LEGACY May 25, 2009 Lloyds Banking Group has appointed UBS to advise on the potential sales of its stakes in a slew of household name companies, including David Lloyd Leisure and House of Fraser. Lloyds inherited the stakes from the Integrated Finance unit of HBOS, which was headed up by Peter Cummings (above). but their value has since plummeted.
Debenhams in call June 4, 2009 High street retailer Debenhams yesterday announced plans for a £323m fundraising to fulfill chief executive Rob Templeman’s plan to take its debt “off the agenda.” Debenham’s £900m debt mountain has cast a long shadow over the group’s trading ever since private equity firms Texas Pacific Group and CVC Capital Partners floated the business on the [...]
Debenhams raising flops June 23, 2009 HIGHSTREET retailer Debenhams yesterday said its shareholders had taken up just a third of its share offering in a £323m fundraising. The department store chain launched the cash call earlier this month to achieve chief executive Rob Templeman’s aim of taking its £900m debt mountain “off the agenda”. Britain’s second largest high-street retailer said 73,388,851 [...]
Debenhams raising flops June 23, 2009 HIGHSTREET retailer Debenhams yesterday said its shareholders had taken up just a third of its share offering in a £323m fundraising. The department store chain launched the cash call earlier this month to achieve chief executive Rob Templeman’s aim of taking its £900m debt mountain “off the agenda”. Britain’s second largest high-street retailer said 73,388,851 [...]
Bischoff joins City talkshop July 14, 2008 Chancellor Alistair Darling is to chair a working group looking at competitiveness in Britain which will include Citigroup chairman Sir Win Bischoff. The group will meet once a month and will analyse matters affecting the London financial services industry such as the effects of the subprime mortgage meltdown in America which triggered the credit crunch, [...]
How the Queen’s Dressmaker got its cutting edge back October 25, 2005 When Timothy Maltin was just 27 he became the managing director of a national institution. Five years ago, Timothy Maltin went to work in tracksuit bottoms and a green Pilgrim Services sweatshirt top. Just the job when you’re running a grave tending business. But these days Maltin is chairman and chief executive of Hardy Amies, [...]