Sterling hits seven month high against the US dollar June 1, 2009 STERLING gained against a broadly falling US dollar yesterday, as share prices rose on expectations for the global economy to stabilise, prompting investors to cautiously shift towards riskier assets. The pound rose to a seven-month high against the dollar, while it also gained against the euro and the yen. The dollar fell broadly, hitting its [...]
WPP facing vote on bonus scheme June 1, 2009 WPP could today be the latest FTSE 100 company to feel shareholder backlash against bonuses, as it asks investors to approve a new scheme that could see chief executive Sir Martin Sorrell bank around £60m. Concerns that such a large sum could be paid to a single executive prompted the Association of British Insurers (ABI) [...]
Sweet lift for Finsbury on takeover talk June 1, 2009 CAKE maker Finsbury Foods yesterday confirmed it had received a preliminary bid approach, stirring investors and its share price. But the firm said that talks were in the very early stages and said there was “considerable doubt that an offer will be forthcoming from this party”. The group, which owns the rights to Weight Watchers’ [...]
Nadal exit will not faze me, says lucky Fed June 1, 2009 WORLD No2 Roger Federer dismissed suggestions that Rafael Nadal’s shock French Open exit was on his mind after coming within a whisker of suffering a similar fate in Paris. The Swiss ace looked destined to follow his big rival through the Roland Garros trapdoor after going two sets down in a nerve-jangling fourth round clash [...]
Life’s a Picnic June 1, 2009 WITH summer looking likely to pull through for us this year, numerous picnics and hours spent in parks and gardens lie in wait. If you yearn for something more than grass stains on your bum and swigging bubbly out of the bottle, look no further. Here are some ways to make your picnicking, lounging experience [...]
CITY EYE June 1, 2009 SHADOWY figures gaze out at the vista over the river to St Paul’s Cathedral from the restaurant at the Tate Modern, on a day when temperatures in the capital reached a scorching 27 degrees Celsius.
CITY’S GOT TALENT: ON THE HUNT FOR HOTTIES June 1, 2009 ISN’T it about time we started to lighten up and have a bit of fun, now that the sun has got his hat on after months of credit crunch doom and winter gloom? In that spirit, The Capitalist is proud to present a celebration of the more, erm, fickle delights of the world of business [...]
OTHER RELAUNCHED GRAND HOTEL RESTAURANTS June 1, 2009 THE LANDAU AT THE LANGHAMOnce the ballroom of the newly reopened former grand hotel, the Landau offers posh and interesting European haute-cuisine with plenty of fish, and it’s quickly becoming a hot spot for afternoon tea. 1c Portland Place, Regent Street, GB W1B 1JA, tel: 020 7636 1000 HELEN DARROZE AT THE CONNAUGHTThe hotel – [...]
TRADERS LOOK BEYOND THE US DOLLAR June 1, 2009 MARK OUTTENSENIOR DEALER, GFT PRIOR to 2007 it seemed that every time you turned on a financial news channel someone would mention the “carry trade,” which involved buying and holding currencies with the highest interest rates against currencies with the lowest. Many gambled that the difference in relative yields would more than compensate the holder [...]
The weird and wonderful meet in a revamped hotel classic June 1, 2009 DORCHESTER GRILL53 PARK LANE, LONDON W1K 1QATEL: 020 7629 8888FOODSERVICEATMOSPHERE Cost per person without wine: 35 THE Dorchester Grill has got to be one of the most luxuriously Scottish-looking rooms in London. It is a feast of plaid, banquette sofas for one and armchairs in rich hues. Though there aren’t antlers up on the walls, [...]
