CAREERS CLINIC June 10, 2009 ANDREW EVANSMANAGING DIRECTOR, MORGAN MCKINLEY I lost my job as a settlements clerk within an investment bank in London back in September. I’m finding it really difficult to secure a new role in London because the market is so competitive, so what are my options? THE first thing to bear in mind is that there [...]
See yourself as a brand to get ahead in today’s City June 10, 2009 AT a time when so many people in the City are looking for a job, the important thing is to stand out from the crowd. As a headhunter, I often help clients and candidates to market themselves. The best way to do this is to build a personal brand. But how do you do this? [...]
CITY TRADER OFFERS GAMBLERS A FLUTTER ON A LOTTERY OF HIS LIFE June 10, 2009 REMEMBER the man who, last year, decided to mend his broken heart after a divorce by selling his entire life on eBay, house, car, job and all? Well, one enterprising City boy has decided to go one better – he’s started a competition for entrants to “win a new life”, and stands to make millions [...]
MAN SLASHES BONUSES June 9, 2009 PETER Clarke, chief executive of UK hedge fund giant Man Group, saw his pay fall by 52 per cent last year as profits tumbled. Clarke’s bonus was cut to $6m (£3.7m) from $10m, taking his total pay down to $6.9m (£4.2m). Across the firm bonuses fell by almost half to £436m. Its profits in the [...]
Charterhouse’s 550m bid for Wood MacKenzie is boost for private equity June 9, 2009 CHARTERHOUSE Capital is in exclusive talks to acquire energy research and consultancy group Wood Mackenzie in what would be the UK’s biggest leveraged buyout this year. The £550m offer from Charterhouse would provide a welcome cash boost for Wood Mackenzie’s parent company Candover, which is itself looking for potential buyers or stakeholders. It is also [...]
Founders of Setanta plan last ditch bid June 9, 2009 SETANTA founders Leonard Ryan and Michael O’Rourke are understood to be locked in talks to table a last-ditch bid that could see them buy out the ailing firm’s other investors, which include Doughty Hanson, Balderton Capital and Goldman Sachs. It is also thought that Setanta has recently offered stakes of up to 30 per cent [...]
Opposition for Rio deal picks up June 9, 2009 Japanese, Chinese and European steelmakers joined forces yesterday to fight a plan by Rio Tinto and BHP Billiton to link up iron ore operations, while China called for “a fully open international market”. Steelmakers believe a tie-up between the two companies would further concentrate the industry.
Dan Marks quits BT Vision June 9, 2009 Dan Marks, the chief executive of BT Vision, has walked out on the company after becoming too “frustrated” with rival BSkyB’s dominance of Premiership football, after five years at the helm.
Brown to unveil voting reform June 9, 2009 Prime Minister Gordon Brown will today propose a dramatic reform of the voting system as he seeks to cling on to power. The first-past-the-post voting system could be replaced with a so-called alternative vote or AV system in which voters list their preferences rather than simply voting for one candidate. Brown will also tell MPs [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2009 FINANCIAL TIMES MALAYSIA’S GENTING BUYS 3.2 PER CENT STAKE IN MGM UNITGenting, the Malaysian gaming group, has paid $100m for a 3.2 per cent stake in MGM Mirage, firming a relationship that could help pave the way for future deals in Macao and the US. Genting matched the $100m that Kirk Kerkorian, MGM Mirage’s largest [...]
