Give the gift of a fit, toned body November 29, 2010 LEMON DETOX IN THE CITY The famous Beyonce/Demi & Ashton Maple Syrup Diet is now available as a City detox at the swanky new Hotel Verta in Battersea. For weight loss in the height of luxury, vouchers for the detox start from £375.00 including overnight stay, consultation, two treatments and the Lemon Detox formula with [...]
Walmart set to pay £1.5bn for Massmart November 29, 2010 WALMART is to pay 16.5bn rand (£1.5bn) for control of Massmart, giving the world’s largest retailer a substantial presence in South Africa and paving the way for further expansion across the continent. The Wal-Mart tie-up will help discount retailer Massmart speed up expansion in sub-Saharan Africa and increase its food retailing business, the South African [...]
Walmart November 29, 2010 EMERGING markets might be booming, but South Africa seems, at first glance, an odd place for Walmart to expand. Inflation is in the high single digits; unemployment is at 20 per cent; and the workforce is highly unionised. Massmart, South Africa’s third largest grocer, is not without promise, however. It offers Walmart a route into [...]
FOOD & BOOZE NEWS November 29, 2010 POP-UP SWEDISH CHALET AT THE WELL The thought of a Swedish ski lodge sounds wonderfully apt at the (freezing) moment. Well, that’s exactly what you’ll find in the groovy downstairs bit of the acclaimed Well pub in Clerkenwell. It’s been transformed into a world of fake furs, reindeer, fir trees and gingerbread. Abba, Ace of Base [...]
CITY MOVES | WHO’S SWITCHING JOBS November 29, 2010 CBRE Investors The global real estate investment management firm has announced the appointment of Jean Lamothe as President of CB Richard Ellis Investors Europe. Jean will be responsible for the strategic direction, operations, financial results, day-to-day management and leadership of the firm’s pan-European platform, including the UK. He also will oversee the existing direct investment [...]
Starbucks stirs up trouble over Kraft deal November 29, 2010 KRAFT Foods yesterday said it is seeking arbitration in its fight with Starbucks, which is trying to end a deal under which Kraft sells packaged Starbucks coffee to grocery stores. Starbucks accused Kraft of failing to meet certain provisions of their arrangement, including keeping Starbucks involved in major marketing initiatives. Kraft, which has overseen the [...]
Hooray: Hakkasan comes to Mayfair November 29, 2010 Hakkasan (Mayfair) 17 Bruton Street, W1J 6QB Tel: 020 7907 1888, www.hakkasan.com FOOD SERVICE ATMOSPHERE Cost per person without wine: £55 LAST week I gained half a stone. It all started (relatively) modestly with a couple of (gastro) pub meals. And it ended modestly: eating a cheeseburger and chips while standing up at the crowded, [...]
Lady liberty has found her sense of humour – PJ O’Rourke checks in November 29, 2010 POLITICIANS,” growls PJ O’Rourke, “don’t understand finance at all – even the last little bit. Yet they’re increasingly in charge of it.” America’s greatest living satirist is back in town and training his anger on the political enterprise. His new book is titled Don’t Vote! It Just Encourages The Bastards. The idea of politicians setting [...]
Barrick hits gold deposit in Tanzania November 29, 2010 AFRICAN Barrick Gold has found greater-than-expected amounts of high-grade gold in its Nyanzaga project in Tanzania, it said yesterday. The FTSE 100-listed miner said the results of its drilling were “very exciting and increase the potential for Tusker to add to our future growth profile”. The gold deposits are closer to the surface and a [...]
BEST OF THE BROKERS November 29, 2010 RESOLUTION JP Morgan has started coverage of the insurance group with an “underweight” rating and a target price of 254p. The broker believes the firm’s main strength is its excess capital that allows it to make purchases without equity financing, but adds that a share buyback would be more productive. It sees the earnings potential [...]
