VW moves towards Porsche tie-up October 20, 2009 Volkswagen said yesterday it would pay €3.9bn (£3.6bn) to take a bigger than planned 49.9 per cent stake in Porsche as a first step to a full merger with Porsche by 2011. Europe’s largest carmaker said it was making better than expected progress on co-operation projects between the two makers.
Gatwick sale is close BAA says October 20, 2009 Ferrovial, the Spanish company which controls airport owner BAA, is in talks with more than one bidder for Gatwick airport and expects to close the sale in the next few weeks, it said yesterday. The airport is expected to fetch around £1.5bn, but sales talks have been going on for almost a year, as the [...]
Minister calls on City to reform October 20, 2009 Minister for London Tessa Jowell yesterday said that the financial services expertise that played such an essential role in putting London at the top of the global city rankings will not be enough to keep it there. Jowell said the financial services industry will continue to be a vital part of London’s economy, but it [...]
A new world of Tesco-style law for all October 20, 2009 SIX artfully stacked cans of baked beans adorn the desk of the Legal Services Board’s first chairman David Edmonds. This isn’t some clever executive desk toy nor is it evidence of a limited culinary imagination. Instead it’s a playful reference to “Tesco Law”, the shorthand for the ongoing liberalisation of the legal profession under the [...]
MANAGING THE NEW BONUS RULES October 20, 2009 PETER TALIBARTPARTNER AT NORTON ROSE LLP The announcement last week that major investment banks will join the big five British banks in agreeing to adhere to the remuneration principles set out by the G20 meeting in Pittsburgh last month is a significant coup for the broker of the deal, Lord Myners, and the Treasury. The [...]
Small but perfectly formed October 20, 2009 Along comes another supermini, this one with a windscreen that reaches back to the end of the front doors. The car is cute, highly styled and with lots of chrome to make it look more premium, reflecting Citroen’s attempt at a smarter image. The windscreen is designed to promote the feeling of space and light, [...]
Clever traders are looking to the future and the recovery October 20, 2009 THE PAST year will be remembered as a turbulent one for the global markets, beginning with the collapse of Lehman Brothers and the nationalisation of banks, and volatility hitting record highs. Many investors were so unclear about the state of the economy that they held on to their money. However, with the FTSE over 5,000 [...]
THE WORLD MONEYSHOW LONDON HIGHLIGHTS October 20, 2009 FRIDAY8.00 am – 6.30 pm Registration Desk Open9.05 am – 12.15 pm Opening Ceremonies12.15 pm – 6.30 pm Exhibition Hall Hours1.30 pm – 3.15 pm Product Presentations4.30 pm – 5.30 pm Panel Discussions5.30 pm – 6.30 pm Drinks Reception & Prize Draws in Exhibition Hall SATURDAY8.30 am – 6.30 [...]
Whatever your view on the market there are tools to take advantage October 19, 2009 RECESSION or recovery? Deflation or inflation? New bull market or dead-cat bounce? These are the issues which have dominated investors’ attention throughout the first nine months of the year. Equities have plunged and rallied, yields on government bonds have blown out and contracted sharply, while commodity prices have soared and sterling and the dollar have [...]
Smart British food brightens Soho October 19, 2009 Hix66-70, Brewer Street, London, W1F 9TRTel: 020 7292 3518 www.hixsoho.co.uk FOOD SERVICE ATMOSPHERE Cost in restaurant per person without wine: £55 IF I had a friend who was sceptical about the claims of British food to be world-class, I might well take him to a Mark Hix restaurant. Hix was formerly the executive head chef [...]
