The king of the home delivered pizza says timing is everything August 20, 2009 YOU can tell when a business is doing well, when despite the recession, its plans to open a new headquarters five times the size of its existing base are still on track. That is the happy position Chris Moore, the chief executive of delivery chain Domino’s Pizza, finds himself in. His new 100,000 sq ft [...]
Time is right for Broadgate stake sale August 18, 2009 NOTHING symbolised the post Big Bang world in the City more than the development of the Broadgate complex near Liverpool Street and Moorgate in the 1980s. The ice rink and the gleaming buildings fitted out for the likes of Shearson Lehman and SGWarburg were the focal point for the new City, before even the first [...]
Bidders circle British Land’s Broadgate August 18, 2009 BRITISH Land yesterday revealed it had been approached by several buyers interested in snapping up a 50 per cent stake in Broadgate, its iconic City development. US private equity group Blackstone has been tipped to beat rivals to a share of the 16 office buildings close to Liverpool Street Station. Yesterday finance director Graham Roberts [...]
How Mr Wigan has put JJB and the City behind him to live the dream August 16, 2009 EVAN at 72 Wigan serial entrepreneur Dave Whelan still gives an impression of a man in a hurry. Whelan moves at a sprightly pace between tables in the director’s box at Wigan Athletic, the Premier League football club he owns, and his trim figure still hints at a man who played professional football for Blackburn, [...]
Managing a strategy for career change August 12, 2009 IT’S HARDLY unusual for people in their late twenties to decide that the area they’re working in isn’t actually the career they want to pursue. Tristan Smith had been working successfully in the airline industry for eight years – even moving from her home town of Sydney, Australia to the US city of Chicago – [...]
FORGET CANNES: CANARY WHARF’S FILM FESTIVAL IS COMING TO TOWN August 12, 2009 CANARY Wharfers should dust off their finery: there’s a film festival coming to town. OK, so it’s not quite Cannes – there’ll be no red carpet, much to the disappointment of preen-happy financiers, and designer dresses and tuxes are far from obligatory. But the Canary Wharf Film Festival, taking place between 3 and 7 September, [...]
CITY MOVES WHO’S SWITCHING JOBS August 11, 2009 Piper JaffrayThe boutique investment bank has hired Richard Kirkham, formerly a partner at Oriel Securities, as a principal of European equity sales. Kirkham was previously a director of UK small and mid-cap sales at Teather and Greenwood. He will be responsible for developing business relationships with assigned institutional accounts. BarclaycardBarclaycard has appointed David Daniel as [...]
FSB: Use Rock to end the banks’ credit monopoly August 10, 2009 THE government should consider using Northern Rock as a “people’s bank”, operating via the post office network, to increase the flow of credit to small firms, the Federation of Small Businesses (FSB) said yesterday. The FSB said that the state support offered to banks had allowed them to develop a “monopoly” on providing businesses with [...]
Cobham names new boss as first-half profit soars August 6, 2009 DEFENCE group Cobham posted a jump in its first-half profit yesterday, and said it would continue its acquisition strategy, while promoting chief operating officer Andy Stevens as its new chief executive. Underlying pre-tax profit in the first half of the year rose 32 per cent to £141m, in line with market expectations, on sales up [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 6, 2009 FINANCIAL TIMES RISING RISK PROVISIONS HIT COMMERZBANKCommerzbank yesterday raised its risk provisions as Germany’s second largest bank was hit in the second quarter by problems in property markets and the economic crisis in central and eastern Europe. However, it reduced operating losses , and suggested overall risk provisions this year would be in line with [...]