Ukraine to get Slovakia’s gas April 28, 2014 UKRAINE is set to sign a gas deal with Slovakia today, as it looks to secure alternative supplies amid ongoing tensions with Russia. Russia’s Gazprom provides Ukraine with gas, but it has almost doubled its prices after Moscow claimed sovereignty over Crimea last month. Slovak gas company Eustream said that a reverse-flow agreement to ship [...]
Former Tiger Tiger boss given reins to Cafe Rouge chain April 28, 2014 THE OWNER of restaurant chains Cafe Rouge, Strada and Bella Italia has replaced its chief executive with the driving force behind London hotspots Jewel in Piccadilly, City institution Abacus and the Tiger Tiger nightclub chain. Tragus Group, which also owns London-based restaurants Belgo and Amalfi, has recruited Steve Richards, who was most recently the chief [...]
Dixons chief is appy with his sons’ creation April 28, 2014 SHOULD being the chief exec of electronic giant Dixons ever fail Sebastian James, the retail boss has some incredibly enterprising progeny to step in and support him. Despite being just 14 and 13, James’ teenage sons, Arthur and Alfie have just launched their first app on the Apple store, called Zorg Jump. “I’m so proud [...]
Deutsche Bank employees take up a week of super scrimping April 28, 2014 IT’S HARD to imagine banking staff wondering if they can afford to splash out on a plain bagel from Sainsbury’s, but that could well be the experience of 43 Deutsche Bank employees this week as they try to live on £1 per day for five days. The scrimping isn’t anything to do with cost cutting, [...]
Three things you didn’t know about… April 28, 2014 CEO of the Management Consultancies Association Alan Leaman 1 He was once Paddy Ashdown’s right hand man and credits himself with kicking off the politician’s close relationship with the Balkans (Ashdown was the UN’s High Representative in Bosnia for three and a half years) as it was Leaman who suggested he visit during the break-up [...]
Ad-venture capital: MMC staff brave Tough Mudder April 28, 2014 SOME of the staff at venture capital firm MMC Ventures might still be nursing a few sore limbs this morning. A group of five of them took part in dirt-fest challenge Tough Mudder on Saturday – raising £1,827 for ballet charity I Can Dance. “It was a bit more challenging than we all expected,” said [...]
FTSE firms set to face investors over pay plans April 28, 2014 A CLUTCH of Britain’s biggest companies will this week face their investors, following bruising protest votes at Barclays, Pearson and AstraZeneca last week. FTSE 100 oil explorer Tullow is under the spotlight on Wednesday for its plans to change share awards for directors. Investor advisory group Pirc has said shareholders should oppose the changes, which [...]
Court cases could mean payouts for delayed airline passengers April 28, 2014 A PAIR of appeals due in the next few weeks could cement new rights for passengers to claim compensation when their flights are delayed. A customer of Thomson Airways is going to the Court of Appeal in the hope of setting a precedent for other passengers who bring a claim more than two years after [...]
Spire looks at float amid buyout talks April 28, 2014 PRIVATE equity firm Cinven is looking at plans to exit its stake in private healthcare provider Spire Healthcare through a flotation of the company, it emerged yesterday. Spire Healthcare, which was bought by Cinven in 2007, was put on the block earlier this year with a valuation of between £1.5bn to £1.7bn. The British investment [...]
City Moves for 28 April 2014 | Who’s switching jobs April 28, 2014 Octopus Investments The fund management company has appointed Alex Miller as chief operating officer. He was most recently at Lloyds Bank, where he was director of strategy and operational performance. Prior to that, Miller held senior roles at BT Group and Orange UK. HSBC The bank has announced the appointment of Ian Stuart as head [...]
