London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Retail investor surge helps drive improvement at Winterfloods November 21, 2013 CLOSE Brothers yesterday said its market-making division Winterflood Securities enjoyed better progress in its first quarter as investors returned to buying junior stock market listed companies. Winterflood, one of the divisions in Close’s three-pronged set-up that also includes banking and asset management, saw income per bargain and the average number of bargains per day – [...]
Intermediate Capital joins forces with Nomura for new debt fund November 21, 2013 LISTED debt investor Intermediate Capital Group (ICG) yesterday announced a tie-up with Japanese banking giant Nomura to launch a debt fund targeted at pension fund investors in the country. ICG, listed on the FTSE 250, has just signed the deal with the bank to launch the mezzanine investment fund, which will see both sides allocate [...]
Miller gets lift from emerging market sales November 21, 2013 SABMILLER, the world’s second-largest brewer, said yesterday that emerging markets would continue to drive sales and earnings while European and North American consumers drink less beer. Other companies including Unilever and Diageo have reported a slowdown in emerging markets such as China and Brazil but SABMiller said it was upbeat on the outlook for Latin [...]
US plans to exit General Motors stake by the end of the year November 21, 2013 THE US Treasury department said yesterday it expects to sell its remaining shares of General Motors by the end of the year, a plan that may leave taxpayers with a shortfall of about $10bn (£6.2bn) on the automaker’s 2009 bailout. The Treasury said it had completed the sale of 70.2m shares of GM stock and [...]
JP Morgan’s legal troubles leave employee pay lagging industry November 21, 2013 JP MORGAN Chase plans to keep overall compensation per employee roughly flat this year from last year, lagging gains at rivals, as the bank’s massive legal settlements weigh on its results, two sources familiar with the matter said yesterday. Bonuses were largely set early this week, though payouts could change in unusual situations or if [...]
Three steps David Cameron can take to end our dysfunctional green farce November 21, 2013 THERE is some controversy over whether David Cameron actually told his team they need to “get rid of all the green c**p”. But while Downing Street has denied it, there is little doubt that some ministers are realising they need to do something about the punishing costs of their current energy policies. They are right [...]
The Long View: Bob Dylan and the selfie: The world’s now a stage and we’re all performing November 21, 2013 MY SMARTPHONE has a feature I can’t ever imagine using – it promises to insert my live picture into any snapshot I take by turning on both front and rearfacing cameras at once. But I’m clearly behind the times. Even as I cling to my old-fashioned desire to take photographs of the things that I [...]
The 24 hour Tube is a triumph for London – but we can go further November 21, 2013 IN AN open letter to passengers, the mayor and Transport for London have committed themselves to a 24 hour Tube. It’s an exciting announcement, and will undoubtedly deliver a boost to London’s £8bn a year dining and entertainment industry. But there are wider implications for the capital. For decades, the Underground has run New Year’s [...]
Letters to the Editor – 22/11 – Picking winners, Board quotas, Best of Twitter November 21, 2013 Picking winners [Re: Government helped get my business going – now it’s boosting startups again, Wednesday] Grant Shapps praises government startup loans. You might wonder what some other taxpayer could have done had the money been left in their hands. Started their own business? Government should not be picking winners, risking taxpayer money on enterprises [...]
Blackstone appoints Nielsen boss as fixer November 21, 2013 US PRIVATE equity giant Blackstone yesterday took the boss of TV rating company Nielsen Holdings in-house as its portfolio company troubleshooter. Blackstone, which co-owns Nielsen, has recruited chief executive David Calhoun to head its portfolio-operations group. The role will see Calhoun work with chief executives of other companies owned by the group. He will become [...]
