Jargon’s unstoppable march into our language September 6, 2009 WHAT started as a light-hearted discussion of business buzzwords on CNBC television recently aroused such an outpouring of bile from our viewers I feel duty-bound to “on-pass the learnings.” Grammatical rules apply at all times, even to important businessmen. “Leverage” and “interface” are bad enough as nouns, but make intolerable verbs. Similarly, anyone paying attention [...]
Japan’s Nomura extends hiring spree to include expansion in fixed income September 6, 2009 JAPANESE bank Nomura is to ramp up its efforts to expand internationally with a new push into the fixed income arena. The bank is this week set to unveil the appointment of eight new managing directors in London, to add to the 90 or so hires that the company has already made in Europe during [...]
KDB to withhold Lehman details from liquidators September 6, 2009 KOREA Development Bank (KDB) has told the liquidators of Lehman Brothers that it will not disclose all information surrounding a potential rescue by the South Korean business, mooted prior to the US investment bank’s collapse. KDB was in negotiations with Lehman over a $6bn (£3.7bn) investment in the bank last year, but backed away from [...]
Mandelson promotes UK in China September 6, 2009 Business secretary Lord Mandelson is currently leading a delegation of UK businessmen to China to forge better business relations between the two countries on a range of issues, particularly on low carbon economic development. Mandelson will meet with Chinese Premier Wen Jiabao and other senior government ministers and business organisations on the trip. “China is [...]
LSE eyes up Warsaw market September 6, 2009 The London Stock Exchange is mulling a takeover of the Warsaw Stock Exchange, in a move which would throw it into battle with its three biggest rivals. NYSE Euronext, Nasdaq OMX and Deutsche Borse are also considering a bid for the Polish stock exchange, which would offer the opportunity to increase market share in central [...]
Search on for new Experian boss September 6, 2009 Credit checking group Experian is due to appoint headhunters within the next fortnight to search out a worthy successor to chairman John Peace, who announced in July he was leaving to take up the chairmanship at Standard Chartered. Peace, who is also chairman of designer fashion house Burberry, has been acting chairman at the bank [...]
Women’s pay lags behind men’s in City September 6, 2009 WOMEN working in the UK’s finance industry face the highest overall gender pay gap, according to a study out today by the Equality and Human Rights Commission In a stern warning to the City, the Commission has said that it may order financial firms to publish employment data and undertake annual equal pay audits to [...]
Barratt Developments set to launch 500m rights issue September 6, 2009 Housebuilder Barratt Development is expected to launch its £500m rights issue at the end of this month. Insurer RSA, rival housebuilder Redrow and several others are thought to be readying themselves to bid for the stake. The cash call is believed to be part of the group’s efforts to make further inroads into its £1.3bn [...]
Thomas Cook agency set to dump stake on market September 6, 2009 A STAKE of almost 50 per cent in Thomas Cook, Europe’s second largest travel agent, is expected to be dumped on the market this week. The 43.9 per cent stake belonging to insolvent German department store owner Arcandor had been used as collateral against €1.5bn (£1.3bn) in credit from German banks Bayern and Commerzbank and [...]
Quantitative easing and low interest rates to stay, says BDO Stoy Hayward September 6, 2009 THE 0.5 per cent basic rate of interest is here to stay until at least the end of 2010, while quantitative easing will also continue, accountancy firm BDO Stoy Hayward predicted yesterday. The company’s latest Business Trends report envisages a continuation of the Bank of England’s current monetary policy to counterbalance low inflation and the [...]
