Pair of veteran investment bank partners quit roles at STJ Advisors March 1, 2015 TWO TOP partners at STJ Advisors have resigned their positions, Companies House filings showed on Friday. Head of debt advisory Nicholas Coates and equity capital markets veteran John Jensen have both resigned. Coates has 31 years of experience in the market, and was responsible for much of the development of the European high yield debt [...]
Car execs call for fresh ideas to save automotive industry March 1, 2015 The automotive industry is in dire need of a new generation of leaders if it is to survive in an increasingly challenging environment according to new research by talent consultancy firm Korn Ferry. The report, released today, which draws upon interviews with more than 50 senior executives from across the industry, found 39 per cent [...]
Professional salaries boom on rocketing demand for workers March 1, 2015 Strong demand for workers is putting upward pressure on pay, new figures show. In the professional sector – which includes accountants, programmers, engineers, or anything that generally requires a degree – recruiters have 26 per cent more permanent vacancies on their books than they did at the same time last year, according to the Association [...]
Lotus launches new drive into Mexico March 1, 2015 BRITISH luxury car-makers Lotus and McLaren are to open showrooms in Mexico City as part of a drive to increase sales in the country. Lotus, which has just signed female racer Carmen Jorda as a development driver for its F1 team, joins iconic toy brand Hamley’s, which has also revealed that it will open a [...]
India primes economy as Narendra Modi’s government lays out pro-growth budget March 1, 2015 Business gave a cautious welcome to the Indian government’s landmark budget yesterday, highlighting its bid to unify the country’s fragmented markets and boost growth through tax cuts and infrastructure investment. “It delivered on all counts. The Prime Minister set out a vision and the budget lays it out as a roadmap,” Karan Chanana told City [...]
Buffett reveals new Berkshire has been chosen March 1, 2015 WARREN Buffett has ruled out spinning off Berkshire Hathaway into separate businesses, in his annual letter to investors. Buffett also revealed a successor has been chosen to fill his shoes and addressed the firm’s stake in Tesco which he previously called a “huge mistake”. This year celebrating the firm’s golden anniversary, Buffett’s highly anticipated 14-page [...]
Spain hits back at Greek claims it tried to hinder debt negotiations March 1, 2015 SPAIN’S Prime Minister Mariano Rajoy yesterday hit back at Greek claims that Spanish and Portuguese officials had tried to stunt bailout negotiations between Brussels and Greece. “Spain and Portugal voted exactly the same as the rest of the European Union countries,” Rajoy said at a meeting of the People’s party . “We are not responsible [...]
SNP slams plans for Union Jack branding on taxpayer projects March 1, 2015 A WAR of words between the government and the SNP has broken out over plans to put the Union flag on big infrastructure projects. The plans that will be announced today by chief secretary to the Treasury Danny Alexander mirror the EU’s practice of featuring its flag on projects paid for with European grants. The [...]
Election doubt puts renewable firms off the UK March 1, 2015 THE UK’s status as a top destination for renewable energy investors is under threat, according to a new study released today by Ernst and Young. The decline is largely due to a lack of clarity from politicians as to where renewables fit into the country’s energy mix. EY says that the upcoming election in May [...]
Ukip attacks BBC over EU funds after stinging mockumentary March 1, 2015 UKIP yesterday launched a stinging attack on the BBC ahead of what the party labelled a “pro-EU” mockumentary that was aired on BBC 4 last night. The Storyville programme “The Great European Disaster Movie”, authored by Italian director Annalisa Piras and ex-editor of The Economist Bill Emmott, envisions a dystopian post-EU future where rioting and [...]
