LONDON 2012 IMAGE OF THE WEEK March 29, 2012 DURING a three day inspection visit, Jacques Rogge, president of the International Olympic Committee (IOC), met David Cameron and Lord Coe at Downing Street. Rogge praised London 2012’s legacy plan, particularly for awarding the majority of its construction contracts to UK companies. Between now and the start of the Olympics, City A.M. is publishing its [...]
Ken promises to freeze the congestion charge March 29, 2012 KEN Livingstone yesterday launched his transport manifesto with a pledge to keep the congestion charge at £10 for the next four years. The Labour mayoral candidate also confirmed that he would not reintroduce the charge’s controversial western extension zone, even though he thinks Boris Johnson was wrong to scrap it. Promising a “better deal for [...]
PayPal’s new boss to drive mobile March 29, 2012 PayPal yesterday named David Marcus as its new chief executive, almost three months after previous boss Scott Thompson left the online payment company to head up Yahoo. Marcus joined PayPal last year when the eBay-owned company bought Zong, the mobile payments company that he founded. Marcus, who is currently vice president of mobile at PayPal, [...]
Hedgie RAB cuts commodity holdings March 29, 2012 RAB Capital’s flagship Special Situations hedge fund has cut its holdings in some commodity stocks after a rebound in markets this year. However, managers of the once high-flying fund, led by Philip Richards, said they were still bullish over the long-term. After a near 10 per cent rally in the Thomson Reuters-Jefferies CRB index between [...]
CITY MOVES | WHO’S SWITCHING JOBS March 29, 2012 Assura The UK’s leading primary healthcare property company has announced the appointment of Graham Roberts as its new chief executive, with immediate effect. Roberts has worked in the property sector for the last sixteen years, most recently as finance director of British Land, one of the UK’s largest real estate investment trusts. Roberts replaces Nigel [...]
BEST of the BROKERS March 29, 2012 ANTOFAGASTA UBS has downgraded the copper mining company from neutral to “sell” with a target price of 1,050p after updating its earnings per share estimates following second half results in mid-March. The broker downgrades 2012-14 earnings per share by seven to 12 per cent, expecting them to stagnate over the next two years as higher [...]
FTSE 100 dragged lower as fears of fresh slump weigh on bank shares March 29, 2012 HEIGHTENED worries over global economic growth, after more disappointing data from America and the UK, dragged Britain’s leading shares lower yesterday, with energy and banking stocks taking the biggest hit. The FTSE 100 index closed down 66.96 points or 1.2 per cent at 5,742.03, extending its falls into a third straight session and reaching a [...]
Big-cap buying offsets earlier Wall Street dip March 29, 2012 US equities pared most losses in a late-day surge yesterday, driven by investors snapping up big-cap names and the notion that concerns about the jobs picture, which helped spur the buying of safe-haven government debt, were overblown. New US claims for jobless benefits fell only slightly last week, according to the Labor Department, missing forecasts [...]
OZWALD BOATENG The man who made tailoring cool again March 29, 2012 Frankly, unless you’re wearing Ozwald Boateng then you’re not dressed properly.” It’s a bold statement, made by the actor Paul Bettany in new documentary A Man’s Story, which follows the Anglo-Ghanaian designer through 12 turbulent years at the top of the menswear industry. There is some truth behind the hyperbole. The rude health men’s suiting [...]
THE LOWDOWN ON TAILORING March 29, 2012 Hugo Boss employs a modern travelling tailor The idea of the travelling tailor is hardly a new one, but it’s an interesting development when it gets embraced by one of the biggest menswear brands. Hugo Boss has launched an exclusive made-to-measure service for its luxury Boss Selection line, with its experts making brief stops in [...]
