City bonuses start to recover as job market at nine-month high August 12, 2012 THE CITY’S bonus culture is back on the rise, with three-quarters of financial services staff receiving pay-outs in the last year, according to London job market data released today. Morgan McKinley’s London employment monitor report shows that 70 per cent of City employees received a similar or higher bonus in 2011/12 than the previous year, [...]
Republicans hit the road August 12, 2012 REPUBLICAN Mitt Romney’s presidential campaign took on a celebratory tone yesterday, as Romney and his new vice presidential running mate, Paul Ryan, basked in the support of cheering crowds in North Carolina. Thousands of people lined a highway in High Point to greet Romney and Ryan, who stopped to shake hands and exchange high-fives with [...]
Berkeley Group directors set up £280m payout August 12, 2012 SENIOR directors at London housebuilder Berkeley Group have lined up a £280m bonus pot due to an unusual incentive scheme revealed in the company’s annual report. Six board members including chairman Tony Pidgley and managing director Rob Perrins will receive 19.6m shares between them if they meet targets to pay out a £13 share dividend [...]
Julius Baer to snap up Merrill Lynch global wealth business August 12, 2012 SWISS bank Julius Baer is this week expected to announce a deal to buy Bank of America’s Merrill Lynch international wealth management business. Julius Baer, which first revealed its interest in the unit in June, is set to pay as much as $2bn (£1.27bn) to acquire its non-US operations. Merrill Lynch Wealth Management has more [...]
Drunk on golden memories of the Olympics – but reality will still make its sobering return August 12, 2012 SOMETIMES it’s best to start with a confession: here’s mine. Apparently I’ve been at work the last two weeks but frankly I don’t remember. The only thing I remember is the kaleidoscopic haze of an amazing party called London 2012. There was a brief moment last week when the dancing stopped to change the music. [...]
David Cameron rules out plans to relax Sunday trading hours August 12, 2012 PRIME MINISTER David Cameron yesterday said the government did not plan on permanently relaxing Sunday trading laws, despite sources hinting that there could be a future consultation after the additional hours provided some retailers with a welcome trading boost over the Olympics period. His comments at Downing Street yesterday came after Conservative MP Mark Pritchard [...]
Capital’s shops enjoy delayed Olympic boost August 12, 2012 TRADING across London’s high streets finally started to pick up in the second week of the Olympics as shoppers were lured back to the city. The British Retail Consortium, which is set to unveil figures this week for the Olympic period said “it was confident that the games delivered a boost to overall retail sales”, [...]
Manchester United shares fall below IPO price in extra time August 12, 2012 CRITICS of Manchester United’s New York share listing will be watching closely at how trading goes this week, as market-watchers speculate that the club’s banks had supported the share price during the first day of trading. The stock closed flat at the float price of $14 on Friday but slipped to $13.83 after hours.
Red Devils fail to soar – it’s no crash but it’s still a risky result August 12, 2012 DESPITE a last-minute discount, the Glazers have got their wish with Manchester United: a high valuation and a significant windfall for the US-based family that acquired the club in 2005. As of Friday, Manchester United is worth an implied £1.43bn, making it the most valuable football team in the world. The wealthy fans known as [...]
EA downloads to top digital sales August 12, 2012 Games manufacturer Electronic Arts (EA) expects revenue from digital downloads of its games to overtake sales of boxed game software within a few years, its chief operating officer said yesterday. The creator of games including the popular Fifa series is expanding its range of mobile and free-to-play games, chief operating officer Peter Moore said. “There [...]
