CITY MOVES | WHO’S SWITCHING JOBS June 9, 2010 Evolution Group The investment banking group has appointed Philip Howell as a director of the group, effective immediately. Howell was appointed chief executive of Evolution’s investment management subsidiary, Williams de Broë, in February this year. He joined from Fortis Private Banking, where he had been regional chief executive since 2005 and was also a member [...]
Why predictability can help you to build up trust and success June 9, 2010 RICHARD SEXTON HEAD OF ASSURANCE, PRICEWATERHOUSECOOPERS 1. Focus on the things you can do something about Stuff happens in life and business and you have to learn to work with it. My attitude is that I can’t boil the ocean but a cup of water is a different matter. In today’s difficult economic environment this [...]
How to handle office World Cup fever June 9, 2010 WORKING out how to deal with the World Cup is tricky. A recent poll by YouGov found that 23 per cent of workers said they would take the day off to watch England play in the World Cup, while almost half said that being allowed to watch games in the office would boost morale. But [...]
Get ready for a flood of debt restructurings June 9, 2010 WITH continued volatility in world markets expected to continue for at least the next two years, many companies are going to find it necessary to restructure their borrowings as debts reach maturity. While this presents a challenge to borrowers, it is an opportunity for restructuring advisers, with many forecasting a rush of work in the [...]
Denton votes for US tie-up June 9, 2010 Partners at City law firm Denton Wilde Sapte and its US rival Sonnenschein Nath & Rosenthal voted in favour of a merger yesterday that will create a business with sales of £500m employing 1,400 lawyers worldwide. The management at both firms asked their partners to vote on the tie-up that was negotiated in secret and [...]
Goodies certain to make dads beam June 9, 2010 DRAPER 40765 POWER DRILL £49.99 from amazon.co.uk It is a truth universally acknowledged that a dad hasn’t come of age before he has his very own power drill. This cordless model from Draper Tools is a durable option with long-lasting, fast-charing and reliable batteries that won’t fail you when you’re away from a power supply. [...]
Goldman Sachs is sued by hedge fund over subprime mortgage deal June 9, 2010 AN Australian hedge fund is suing Goldman Sachs over an investment in a subprime mortgage-linked security that hastened the fund’s demise in 2007. The lawsuit, filed yesterday, accuses Goldman of misrepresenting the value of the notorious Timberwolf collateralised debt obligation. Basis Yield Alpha Fund is suing Goldman to recoup the $56m it lost on the [...]
OUT OF OFFICE June 9, 2010 MUSEUM OF LONDON Right here in the City and free, the Museum of London is a treasure trove of artefacts and curios, and its Galleries of Modern London, documenting the city’s development from the Great Fire of London in 1666 onwards, are now open after a £20m redevelopment. Displays include reconstructed versions of a Georgian [...]
Shell set for 2011 move to Canary Wharf June 9, 2010 ENERGY company Shell is set to move half its London staff to temporary offices in Canary Wharf next year, after it signed a 15-year deal with Songbird Estates yesterday. It will lease ten floors of 40 Bank Street from Songbird, a wholly-owned subsidiary of the Canary Wharf Group (CWG), with the opportunity to rent additional [...]
Genzyme and Icahn abandon proxy row June 9, 2010 ACTIVIST investor Carl Icahn has abandoned his proxy fight at Genzyme in return for the biotechnology company’s acceptance of two of his representatives to its board. The agreement comes a week before the company’s annual meeting on 16 June. Icahn had nominated himself and three allies to Genzyme’s board after a manufacturing crisis lead to [...]
