I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Daniels leaves BT directorship April 4, 2012 ERIC Daniels, the chief executive of Lloyds Banking Group during its doomed takeover of HBOS, has stepped down from a non-executive directorship at BT. The telecoms group said Daniels will step down on 13 June after four years on its board. Chairman Sir Mike Rake said in a statement: “Eric has been a great asset [...]
BG Group pays chiefs £5.4m April 4, 2012 THREE EXECUTIVES at fuel explorer BG Group have shared a pay packet worth a combined £5.4m this year – though their payouts were almost flat during a year in which the firm posted a 15 per cent rise in pre-tax profits Chief executive Sir Frank Chapman received a total of £2.87m, including a £1.2m bonus. [...]
German fund spends £235m on Kings Place April 4, 2012 GERMAN fund manager Deka has bought the home of the Guardian newspaper in King’s Cross for £235m, property agent Savills said yesterday. Savills, which acted for Deka, said Deka Immobilien’s open-ended fund WestInvest InterSelect bought the seven-storey Kings Place building from developer Peter Millican in an off-market transaction. Property consultant DTZ represented the seller. Kings [...]
JP Morgan ordered to pay $20m to settle charges over Lehman April 4, 2012 THE Commodity Futures Trading Commission (CFTC) said yesterday that JP Morgan Chase will pay $20m (£12.6m) to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings. The action comes as the CFTC and other regulators continue to probe what happened to segregated customer funds in the October 2011 collapse of MF [...]
KRAFT’S IRENE ROSENFELD NETS $22M IN 2011 April 4, 2012 KRAFT chairman and chief executive Irene Rosenfeld received total compensation of $21.9m (£13.7m) in 2011, 13.5 per cent higher than 2010. The rise was largely due to her $4.2m performance-based bonus – almost double that of the previous year. Rosenfeld received a base salary of $1.5m and her stock and option awards rose to $9.7m [...]
Puma claws at Shore’s results April 4, 2012 SHORE Capital slipped into the red last year after losing more than £6m on its investments in hotels and telecommunications firms. The small broker and independent investment group posted a statutory annual loss of £875,000, compared to a profit of £8.37m in 2010. It lost £4.8m on Puma Hotels, which owns 20 hotels around Britain, [...]
Fresh slump in value of buyouts April 4, 2012 THE value of private equity-backed buyout deals fell by a fifth in the first three months of the year, according to data published yesterday. The 669 deals were valued at $46.3bn (£29.1bn) in total, down 20 per cent from the final quarter of last year and the lowest value of buyout activity for two years, [...]
BlackRock puts money back in Italian firms April 4, 2012 ASSET management giant BlackRock has put money back into Italy after technocrat Prime Minister Mario Monti began pushing through a series of austerity measures. The world’s largest money manager is overweight on Italy following the fall of Silvio Berlusconi, efforts to cut the public debt and planned labour reforms to boost competitiveness. Nigel Bolton, head [...]
London-listed Indian companies beat FTSE 100 in the first quarter April 4, 2012 INDIAN firms listed on London’s Aim index outperformed the FTSE 100 and Bombay’s Sensex in the first quarter, according to new research. They rose 26 per cent according to corporate research firm Hardman, compared to a gain of 3.6 per cent in the FTSE 100 and a rise of 12.6 per cent in the Sensex. [...]
Lester to leave Neptune April 4, 2012 The fund management group Neptune said yesterday that one of its partners, John Lester, had left the firm with immediate effect. Lester is setting up a new investment boutique with two members of his team. Richard Green, deputy managing director at Neptune Investment Management said: “With Neptune’s tenth anniversary imminent and nearly £7bn under management, [...]
