Troubling times for retailers to the squeezed middle April 29, 2012 SPARE a thought for the squeezed middle. No, not the ordinary family as defined by Ed Miliband, but the places they shop and the things they buy. The mid-market consumer firm is finding the going very tough indeed. There has been much written about Tesco’s troubles in recent months, punctuated by a series of ignominious [...]
Goldman’s O’Neill linked to Bank job April 29, 2012 Goldman Sachs’ Jim O’Neill is said to have been approached by the Treasury as a possible candidate to be the next governor of the Bank of England. It is said that officials from the Treasury made the approach several months ago. A spokesman for the Treasury declined to comment, referring to a statement by chancellor [...]
Fear of election fraud ahead of vote for mayor April 29, 2012 POLITICIANS last night warned of a “serious collapse of confidence” in London’s electoral system after City A.M. discovered a flat that has just two adult residents – but seven active voters. Ahead of this week’s mayoral election we visited an address in Brune House, Shoreditch – just five minute’s walk from Liverpool Street station – where [...]
Johnson plans to cut taxes as polling looms April 29, 2012 BORIS Johnson yesterday distanced himself from the unpopular Conservative party, pledging to campaign for lower taxes ahead of Thursday’s mayoral election. “I am, overall, a tax-cutting Conservative,” the incumbent mayor said in an interview with the Sunday Telegraph. “I certainly think London needs to be tax competitive.” Hinting at disputes with chancellor George Osborne he [...]
Panel says government omnishambles have hit Boris’s shot at a second term – but he’ll still win April 29, 2012 MORE than 70 per cent of our readers’ panel think that recent political turmoil – including the Conservative party’s slipping poll scores and the UK’s return to recession – have harmed Boris Johnson’s chances of re-election as London Mayor. According to the results of our latest Voice of the City poll, run in association with [...]
Top pay under fire at Standard Chartered bank April 29, 2012 STANDARD Chartered is heading for a bust-up over how much it pays its top staff, after investor advisory group Pirc advised its members to vote down the bank’s remuneration report. The bank plans to pay out $92.1m (£56.6m) to its top 13 staff, which includes five board members, for last year. Pirc is thought to [...]
Trinity Mirror shareholders still unimpressed as meeting looms April 29, 2012 SLY Bailey faces an investor rebellion over changes to her pay packet at Trinity Mirror’s annual general meeting next week. Following shareholder unrest, the publisher of the Daily Mirror proposed a £500,000 cut to Bailey’s short-term cash and stock bonuses. But the Trinity Mirror chief executive will be eligible to receive 144 per cent of [...]
AstraZeneca mulls millions for Brennan April 29, 2012 ASTRAZENECA is considering whether to give outgoing chief executive David Brennan a multi-million pound exit package. The pharma firm’s remuneration committee has not met to sign off Brennan’s final pay deal yet, as he only formally told the board of his intention to quit last Wednesday – one day before his shock departure was announced [...]
UK restaurant sector to strike £13bn by 2015 April 29, 2012 WHILE Britons continue to tighten their belts in hard economic times, one luxury that few of us seem to be prepared to give up is eating out. A new report by Allegra Strategies and Barclays forecasts that sales across the UK’s branded restaurants are set to grow by 22 per cent to £13.6bn by 2015 [...]
Dewey & LeBoeuf merger talks end April 29, 2012 Embattled law firm Dewey & LeBoeuf said yesterday it had removed its former chairman from various leadership positions amid a probe by the Manhattan district attorney and said that talks with rival firm Greenberg Traurig about a potential transaction ended with no deal. According to an internal firm memo, Dewey’s executive committee voted to oust [...]
