Campari’s chief is taking a breather before returning to the M&A trail October 25, 2009 Having forked out a cool $2bn (£1.2bn) on 16 separate acquisitions over the past 15 years, it is no wonder that Campari – the world’s sixth largest drinks firm – is now calling for a temporary halt to the spending. Its chief executive, Bob Kunze-Concewitz, recently struck a cautious note due to the downturn that [...]
Poker’s biggest cash games get bigger still October 1, 2009 A NEW book by writer and poker player Victoria Coren detailing her career in the game, called For Richer For Poorer, contains some fascinating descriptions of London’s pre-poker boom cardrooms and private games. In these shady games played by shadier high rollers, the gamblers and cardsharps would butter up wealthy poker enthusiasts to make sure [...]
Q&A: SALES July 16, 2009 Russell HuntMANAGING DIRECTOR, PROPERTY HUNTQ. I keep missing out on properties as they’re selling very quickly. What tips can you give me? A. If you are getting a mortgage then you must make sure that you can get your finances agreed in principle before you start looking. Remember that you will be coming up against [...]
Canny traders should look to buy crude oil on the correction July 27, 2009 CRUDE’S inexorable rise over the past few weeks in line with rallying equity markets pushed September Brent through the $70 a barrel mark in intraday trading yesterday, touching a session high of $71.28. Signs of an improving world economy and resilient Chinese GDP growth as well as relatively upbeat second quarter earnings in the US [...]
Canny traders should look to buy crude oil on the correction July 27, 2009 CRUDE’S inexorable rise over the past few weeks in line with rallying equity markets pushed September Brent through the $70 a barrel mark in intraday trading yesterday, touching a session high of $71.28. Signs of an improving world economy and resilient Chinese GDP growth as well as relatively upbeat second quarter earnings in the US [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 22, 2009 FINANCIAL TIMES PORSCHE CHIEF AT RISK IN RESCUEPorsche’s feuding family owners were last night locked in a board meeting trying to hammer out the terms of a rescue of the debt-ridden sports car maker and debating the future of Wendelin Wiedeking, the company’s chief executive. One person close to Porsche said that the prospect of [...]
Dixon the risk-taker changes his tactics to thrive in the recession May 19, 2009 You could almost be mistaken for thinking Mark Dixon, the founder and chief executive of office space provider Regus, is enjoying this recession. Perhaps it is because Regus’ share price has bounced 50 per cent since March. What is clear is that the short, fair-haired, serial entrepreneur who is sitting in one of his flagship [...]
The devil’s in the detail: the trials and tribulations of a property sage June 3, 2009 THERE comes a time in your life when you can draw a line and say: ‘I’ve done a lot of things in my life’, barks Gerald Ronson, thumping a gnarled fist on the table for emphasis. He’s not wrong. Now the undisputed Sage of Property, Ronson, 70, has spent the past half a century constructing [...]
In a range-bound market, predicting the peak can pay May 31, 2009 FOLLOWING substantial rallies back in April and early May on the back of green shoots, the blue-chip FTSE 100 has levelled off over the past month. Although the pace of decline is slowing, there are concerns that shares have risen too fast. The leading UK index has since been range bound between 4,300 and 4,500. [...]
Jon Moulton: why making money is my hobby as well as my profession September 5, 2008 The City’s most outspoken private equity chief talks to Katie Hope about the credit crunch At a time when most of the financial services sector is in despair over how bad the economic crisis is, Jon Moulton can barely contain his glee. He estimates the credit crunch will go on for “at least two years” [...]