Commentator spots a bargain August 13, 2009 Paul Krugman, the Nobel-Prize winning economist and leading commentator on the financial crisis, yesterday paid $1.7m (£1m) for an apartment on Manhattan’s Upper West Side, arising suspicions that he believes the US property market has now reached the bottom. The economist agreed the purchase yesterday of the apartment which had an original asking price of [...]
Pawnbroker names new CEO August 13, 2009 British pawnbroker Albemarle & Bond yesterday named Barry Stevenson as chief executive, from 14 September, succeeding Greville Nicholls, who will become chairman. Nicholls replaces chairman Charles Nicolson, who stepped down following a period of ill health. Stevenson was most recently the CEO of garden supply store operator Wyevale Garden Centres. Shares of the company closed [...]
RIG expects to narrow losses August 13, 2009 Aim-listed insurance claims facility provider Resources in Insurance Group, said yesterday that it expects its interim results, which will be announced in mid-September, to show a significant improvement in trading and to show losses reduced by around 50 per cent.
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 – [...]
CAREERS CLINIC August 12, 2009 MICHAEL MORANMANAGING DIRECTOR OF FAIRPLACE I work in asset management. My boss is moving to another firm, and he is asking me to come with him. Should I join him? YOU have to weigh up the pros and cons here carefully. It’s a good signifier of your own abilities if your boss is reliant on [...]
The cut-throat world of New York’s super-rich August 12, 2009 HEDGE FUND WIVESBY TATIANA BONCOMPAGNIHarper Collins, £6.99 IT may sound a little out of date – after all, we’re so over hedgies and their failed fortunes. Except the New York hedge fund world, including its cut-throat circle of wives, still holds more interest than you’d think. This is not the first tale of high finance [...]
Nice ice baby August 12, 2009 ICE cream never used to be a gourmet dinner’s crowning glory. Yet London has become a capital for the stuff – from street vendors to high gastronomy. Take Michel Roux at Michelin-starred Le Gavroche, who makes all his ice cream fresh daily – this week that includes fresh mint and peanut butter. Or Justin Saunders [...]
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, [...]
Microsoft and Nokia gang up on Blackberry August 12, 2009 NOKIA and Microsoft yesterday unveiled an alliance which will see Nokia smartphones pre-loaded with Microsoft office, in a bid to challenge the dominance of the Blackberry in the business market. The software and mobile telecoms giants said that they are working together to put MS Office Mobile, MS Communicator Mobile and other services on selected [...]
Moody’s: Credit quality diving August 12, 2009 THE QUALITY of credit in Western Europe continued to deteriorate sharply in the second quarter, with a record-breaking 122 financial institutions downgraded, according to Moody’s. The ratings giant said the deterioration continued to hit most major economies in the region. In total, 177 bonds were downgraded, amid fears that companies may struggle to maintain repayments [...]
