Misery for Mayer as Yahoo posts sluggish start to 2015 April 21, 2015 YAHOO’S earnings from its search and advertising businesses dipped at the start of the year, fuelling concerns over the company’s core operations as it spins off the last of its stake in Chinese e-commerce giant Alibaba. Chief executive Marissa Mayer, who joined the company three years ago with plans to kick-start its core business said: [...]
Burberry boss Christopher Bailey hails new supermodel James Corden – in pictures April 21, 2015 James Corden graced the catwalk as part of fashion brand Burberry's London in Los Angeles event last week, prompting the retailer's somewhat reclusive boss Christopher Bailey to quip: “Fashion has a new icon and his name is Corden.” The British film and TV star was performing a sketch for his CBS “The Late Late Show [...]
Greece debt deadline: No bailout deal in sight as Greek leaders lose favour April 21, 2015 A deal to grant the Greek government extra bailout cash is unlikely to be agreed this Friday when finance ministers meet in Riga, according to officials. Meanwhile, Greek leaders are struggling with popularity at home. It had been hoped that a meeting of deputy finance officials today could lay the ground work for a deal, [...]
Greece meets Gazprom as cash runs out April 21, 2015 Greek Prime Minister Alexis Tsipras yesterday met with Alexey Miller, deputy chairman of Gazprom – the gas giant owned mostly by the Russian State. It fuelled speculation of a deal that would see Greece cash in on a new pipeline.
General Election 2015: Mastercard’s Ann Cairns wants greater devolution and more technological innovation April 21, 2015 ELECTION COUNTDOWN: 15 DAYS TO GO Every day until the final week of the election campaign, we ask a business leader to say what policies would entice them to vote for a particular party. ANN CAIRNS: PRESIDENT, INTERNATIONAL MARKETS, MASTERCARD ■ Reduce reliance on cash to drive economic growth – Cash costs [...]
Goldman Sachs vs Sonia Pereiro-Mendez: Bank signs deal over £2m sex discrimination claim April 21, 2015 US investment bank Goldman Sachs yesterday agreed an out-of- court settlement with London-based analyst Sonia Pereiro-Mendez who had claimed that its sex discrimination had cost her almost £2m in bonuses. Details of the payout were not disclosed after the agreement was struck just hours after it was due to go into its second day. The [...]
Standard chartered inks new sponsorship deal with liverpool April 21, 2015 LIVERPOOL have agreed a three-year extension to their sponsorship deal with Standard Chartered, keeping the American bank’s name on their shirt until the end of the 2018-19 season. The deal is reportedly worth around £30m a season, £10m more than the current deal. Outgoing StanChart chief executive Peter Sands holds an Arsenal season ticket, but [...]
Dougan out on a high: Credit Suisse profits jump as Thiam steps up April 21, 2015 OUTGOING Credit Suisse chief executive Brady Dougan delivered a healthy rise in profits for the first quarter, in his final presentation of financials to the market. The wealth management and market trading businesses performed particularly strongly. But investors and analysts were not impressed by the results, and the share price fell on the expectation that [...]
Mind your fingers: Cheesegrater gets a scrub April 21, 2015 WINDOW cleaners on London’s second largest building, informally known as the Cheesegrater, use special absailing equipment to navigate the giant strucutre’s unique design. Last year some of the skyscraper’s 5-inch diameter bolts broke away from the edifice, prompting developer British Land to fence it off. The bolts cost £1m to replace.
Payday lender Wonga to drop toxic name and advert puppets after losses April 21, 2015 Payday lender Wonga is planning to replace its toxic brand with a new name and a range of products beyond its core payday lending business, its bosses said yesterday. The online loans firm made a £37.3m loss in 2014 on falling lending and a sharp rise in costs. It is under financial strain as [...]
