No sympathy for the Conservatives: Mick Jagger pulls out of PM’s event January 24, 2012 FROM a 1967 drugs conviction to a 2003 knighthood bestowed by the Queen, Mick Jagger’s transformation from rock’n’roll rebel to darling of the British establishment always seemed unlikely. And Sir Mick stayed true to his upstart reputation yesterday by scrapping an appearance at David Cameron’s tea party to promote Britain at Davos. The Rolling Stones [...]
DAVOS TWEETS January 24, 2012 @ArrianaHuff 5.41pm Helicopter from Munich to @Davos landed 100km away because of snow. In a car on the way to Davos now. #FirstWorldProblems @SarahBrownUK 10.10pm My Davos plan is *pester power* for #educationforall, and slip sliding down the frozen Promenade for my version of pentathlon training @DavidJones_IG 6.12pm That snow in Davos is holding up [...]
DAVOS DIARY January 24, 2012 THERE’S little news a skiier likes better than to hear that a bumper crop of snow awaits their arrival. Unfortunately, for those more focused on making a grand impression as they swoop into town aboard the classic Davos chariot – a personal helicopter – the weather has its inconveniences. The snow was simply too much [...]
WHAT’S ON IN DAVOS TODAY January 24, 2012 The World Economic Forum Annual Meeting 2011 opened yesterday and runs until Sunday 30 January. Mayor of London Boris Johnson is due to deliver a keynote speech today on the economic benefits of the 2012 Olympic Games. And Boris will join chancellor George Osborne at a lunch with UK chief executives and public figures Early [...]
Credit Suisse bonuses paid in risk assets January 24, 2012 CREDIT Suisse, Switzerland’s second-largest bank, is to pay a portion of 2011 bonuses for its top executives in risky assets in an extension of a programme the company first used three years ago, according to an internal memo. Credit Suisse said its new bonus programme would help meet bonus expectations for its staff while allowing [...]
City no longer threatened by EU plan to snatch derivatives January 24, 2012 EU RULES on the central clearing of derivatives will no longer seek to cut Britain out of the industry, Treasury officials confirmed yesterday. Finance ministers met to discuss draft legislation which seeks to push derivatives trading through central counterparties (CCPs) on the basis that it reduces the risk of one market participant’s collapse sparking the [...]
HSBC sells Latin American units to Colombian bank for $800m January 24, 2012 HSBC has sold its banking operations in Costa Rica, El Salvador and Honduras to Colombia’s Banco Davivienda for $801m (£513m), continuing its retreat from countries where it lacks scale. HSBC said the sale marks its 18th deal in the past year, with the combined deals releasing more than $48bn of risk-weighted assets. The business being [...]
Salway steps down as boss of Land Secs January 24, 2012 FRANCIS Salway, the long-standing chief executive of Land Securities, is stepping down after eight years at the helm of Britain’s largest commercial property company, The industry veteran will leave on 31 March at the end of the financial year and will hand the reins to Rob Noel, managing director of the firm’s London portfolio. Salway [...]
Property sector veteran bows out on high note January 24, 2012 Salway’s eight-year tenure at the helm of the UK’s largest property company may have been a long one but his journey to the top was swift. In 2000, Salway quit his job as investment director at Standard Life to join Land Securities, as head of asset management. Four years later and several roles in between, [...]
ANALYST VIEWS: WERE LAND SECS’ RESULTS IN LINE WITH EXPECTATIONS? January 24, 2012 ALISON WATSON | LIBERUM CAPITAL The statement reads much as expected with the only major news here that Robert Noel is to succeed Francis Salway as chief executive. We believe that the news will be well received by shareholders. KEITH CRAWFORD | PEEL HUNT Robust trading across the portfolio: low vacancy rates, units in administration [...]
