Companies face £7 trillion debt pile due in five years March 20, 2011 INDEBTED companies face a scramble for capital as they try to refinance $11.5 trillion (£7.15 trillion) of loans globally in the next five years, a report showed today. But the supply of capital is likely to be limited, as banks hold nearly $6 trillion of maturing debt and will be negotiating their own refinancing efforts [...]
CITY MOVES | WHO’S SWITCHING JOBS March 20, 2011 BAE Systems Paula Rosput Reynolds (pictured) has joined the defence firm’s board as a non-executive, an appointment that will take effect from 1 April. Reynolds has spent more than 20 years in the energy sector, including roles as president and chief executive of AGL Resources in 2002 and Safeco Corporation. She took on the job of [...]
The new British Airways boss says the business is ready for take-off March 20, 2011 IT is time for a fresh start. That was the message from Keith Williams, the new boss of British Airways, as he gave City A.M. his first ever interview since becoming chief executive of Britain’s 37-year-old flag-carrier. One can forgive Williams for wanting to turn a page: his predecessor Willie Walsh, who has moved upstairs [...]
French fancy in the villa of your dreams March 20, 2011 THERE is no shortage of villa rental services in France. But few provide access to the country’s most beautiful properties in the way that Pure France, a company founded by two Brits tired of the Anglo slog, does. With 400 properties, from the rustic to the grand to the minimalist and modern spread over the [...]
HONG KONG GLAMOUR March 20, 2011 LEFT for Buddha,” said the sign. But the one directly beneath it read: “Right for the discount outlets”. This is the visitor’s dilemma in Hong Kong, with its mix of spirituality and blatant consumerism. And how to combine the two with all the bars and restaurants? We chose to answer this question by opting for [...]
THINK ROOMS… with LateRooms.com March 20, 2011 NOVOTEL HONG KONG NATHAN ROAD KOWLOON 4* 348 Nathan Road | Kowloon | Hong Kong Step off Hong Kong’s famous ‘Golden Mile’ and into the sleek and stylish Novotel Hong Kong Nathan Road. Ideally located opposite the Temple Street Night Market and conveniently beside a mainline MTR station, this hotel is an escape in the [...]
TRAVEL NOTES March 20, 2011 BA’s American shuttle British Airways and American Airlines have combined forces to create a transatlantic shuttle service. The most dramatic change is to the Heathrow to New York route: previously nearly half of all flights were departing at the same time, leaving gaps of up to three hours between services; now they will depart every [...]
Luiz helps to lift the Blues again March 20, 2011 CHELSEA (2) vs MANCHESTER CITY (0) CHELSEA manager Carlo Ancelotti sent out mixed signals regarding his future at the club after second-half goals from David Luiz and Ramires secured victory over Manchester City. Chelsea chief executive Ron Gourlay revealed yesterday that the Italian’s position would be reviewed at the end of the season. Ancelotti, whose contract [...]
Wood: Defeat left me heartbroken March 20, 2011 ENGLAND flanker Tom Wood revealed defeat in Dublin on Saturday left him feeling like his “heart had been ripped out”. The emergence of the Northampton foward had been one of the highlights of England’s RBS 6 Nations campaign, but Wood and his teammates had no answer to the Irish onslaught which terminated their Grand Slam hopes. “It [...]
Capello’s got his Terry timing all wrong, insists Redknapp March 20, 2011 TOTTENHAM manager Harry Redknapp has criticised Fabio Capello for his handling of the England captaincy issue. John Terry was reinstated as the permanent skipper on Saturday night having been stripped of the position last year following his off-field behaviour. Rio Ferdinand, who will miss Saturday’s Euro 2012 qualifier with Wales due to injury, replaced Terry [...]
