Warren Buffett taken on new asset manager as part of succession plans September 12, 2011 BILLIONAIRE investor Warren Buffett (pictured right) advanced his succession plan yesterday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway. Weschler, 50, will start at the company early next year and work with Todd Combs, who joined Berkshire last [...]
M&S unveils £600m store revamp as Bolland looks to put his stamp on retailer after Rose September 12, 2011 MARKS & Spencer boss Marc Bolland yesterday laid out detailed plans for a £600m stores revamp. Bolland said at a presentation at the retailer’s High Street Kensington branch that M&S will open 14 pilot stores in October incorporating refurbished designs and new store layouts with deli and bakery counters for its food section. M&S today [...]
Broadcom to buy rival for $3.7bn September 12, 2011 AMERICAN chipmaker Broadcom plans to buy NetLogic Microsystems for about $3.7bn (£2.3bn) to expand its lineup of chips used in wireless network equipment to take advantage of growing demand for mobile data services. The $50-per-share deal, which represents a premium of 57 per cent over NetLogic’s Friday close on the Nasdaq, sent NetLogic’s shares soaring [...]
MONUMENTAL NEW BUILDING September 12, 2011 Rockspring Property Investment Managers has secured planning consent to redevelop an 80,000 square feet office in the City of London. The fund manager, together with its development partner, Charterfield Asset Management, will push ahead with plans to revamp Centurion House, the well-known 1980s building next to The Monument in the Square Mile and replace it [...]
Surly Serena avoids a ban and escapes with a fine September 12, 2011 BEATEN US Open finalist Serena Williams avoided a ban and escaped with a fine of $2,000 for her outburst during her defeat to Samantha Stosur on Sunday. Williams received a code violation for verbally abusing umpire Eva Asderaki during her 6-2, 6-3 defeat, after a furious rant that included the remarks: “If you ever see [...]
Greenwood: England must utilise Foden and Ashton September 12, 2011 FORMER England centre Will Greenwood has urged Martin Johnson’s side to throw off the shackles and return to the expansive style of rugby that saw them brush Australia aside last autumn if they are to make a major impact at the World Cup. The error-strewn performance against Argentina on Saturday could not have been further [...]
THE BREAKDOWN | WORLD CUP BRIEFS September 12, 2011 IT’S A KNOCKOUT FOR WALES Lock Luke Charteris has reflected on Wales’ shattering defeat against South Africa by declaring: “We are playing knockout rugby now.” Wales flew out of Wellington yesterday ready to regroup and prepare for Sunday’s Pool D showdown with Samoa in Hamilton. “It’s the World Cup, and unfortunately we are playing knockout [...]
Getting shirty: England told to sort numbers out September 12, 2011 WORLD CUP organisers have warned England they face a potential fine if they fail to fix their peeling shirt numbers. The white numbers on the controversial black jerseys began to rub off during England’s opening victory over Argentina. Rugby World Cup Ltd have said they will be seeking assurances from England that there will be [...]
Chelsea boss to quiz Torres September 12, 2011 Villas-Boas to take embattled striker to task over apparent criticism of colleagues CHELSEA vs BAYER LEVERKUSEN MISFIRING record signing Fernando Torres’ Chelsea future has been plunged into doubt after the club launched an investigation into an interview in which he appeared to criticise his team-mates’ “slow” play. Blues manager Andre Villas-Boas has vowed to quiz [...]
New signings give Warnock cause for hope September 12, 2011 QPR (0) vs NEWCASTLE (0) QPR manager Neil Warnock heralded the start of a new era after his overhauled side outclassed Newcastle but failed to crown their dominance with a winning goal. Controversial recent signing Joey Barton captained Rangers on his debut and Shaun Wright-Phillips stole the show with a dazzling display. His and Adel [...]
