CITY MOVES | WHO’S SWITCHING JOBS January 26, 2011 Innovate Legal Specialist commercial litigation firm Innovate Legal has appointed Samantha McBain as head of its dispute resolution practice. Formerly at Lovells and McDermott Will & Emery, she extends the firm’s strengths in commercial disputes, arbitration and regulatory investigations. The firm has a particular expertise in intellectual property but covers a broad range of disputes [...]
KPN to go ahead with buyback January 26, 2011 Dutch telecoms company KPN reported a marginally lower-than-expected rise in profits yesterday but announced a further €1bn (£860m) share buyback plan as expected, thanks to strong cashflows. KPN also reaffirmed its outlook for 2011, saying it expects further growth in earnings and free cashflow, with capital expenditure of up to €2bn. The company’s revenue has [...]
LG reports record quarterly loss January 26, 2011 LG Electronics signalled a bottom for its money-losing mobile phones and TV businesses, after the world’s number two television brand reported a record quarterly loss. Founding family scion Koo Bon-joon, who took over as the chief executive in October, is betting on turning around the South Korean company’s fortunes with its premium Optimus smartphone models. [...]
Keep your loan on track January 26, 2011 IT’S a question playing on many homeowners’ minds: with interest rates expected to rise this year, should they fix their mortgage? The Bank of England left the official rate of borrowing unchanged for the 22nd consecutive month recently, but faces a dilemma given slowing economic growth and rising inflation. This week’s disappointing GDP data has [...]
The emerging market debt boom is about to fall apart January 26, 2011 THESE are fairly tragic times for investors in developed world sovereign debt. Thanks to the combination of quantitative easing and a flight to (perceived) safety, bond yields have been pushed down to historic lows. Two year US Treasury notes issued on Monday yielded 0.63 per cent. Even 30-year notes are hardly doing much better, yielding 4.59 [...]
From midlife podginess to lean, mean jockey machine January 26, 2011 FROM JUMBO TO JOCKEY: ONE MAN’S JOURNEY TO BATTLE HIS WEIGHT AND AGE TO LIVE OUT HIS CHILDHOOD DREAM BY DOMINIC PRINCE Fourth Estate, £10.99 “Most people said I was mad. Others thought I’d get myself killed. The rest just howled with laughter at the idea that I – 16st 7lb and aged 47 – [...]
VEXED IN THE CITY January 26, 2011 SOLVES YOUR LOVE PROBLEMS DEAR VEXED: I was out to dinner with a client and told him I was single. Next thing he’s trying to set me up with his sister. Should I go out with her? Tim, 34, investment banker IN general, my advice regarding dates – so long as you’re in the mood [...]
OUT OF OFFICE January 26, 2011 VALENTINE’S BURLESQUE AT PROUD Proud Cabaret, known for its evenings of seductive glamour, is pulling out the stops for Valentine’s Day. Expect a star line up of performers, with the BBC’s “Queen of Swing” Kai Hoffman as compere and hot young dancers in situ to bewitch with their own 1930s take on the genre. A [...]
Digital radio docks January 26, 2011 INTEMPO RETRO True to its name, the wooden casing and fuzzy front resemble a 1970s hi-fi speaker – just the thing to pump out a bit of lounge jazz in your groovy bachelor pad. The tech is bang up to date though, with a clear 20 watt speaker output, iPod and iPhone compatibility and DAB [...]
WHAT’S NEW IN GADGETS AND TECHNOLOGY January 26, 2011 A DIGITAL WATCH REVOLUTION The watch world brimmed with barely-concealed contempt last year when Apple released its newest iPod Nano complete with a digital clock face option and the serious suggestion that you could strap it to a wristband and wear it as a watch. But watchmakers of Switzerland will take a more wary interest [...]
