Why the London Stock Exchange’s French boss is taking on the world February 14, 2010 L ONDON’s financial services community has a new champion: Xavier Rolet, the 50-year old French banker who took over as the London Stock Exchange’s CEO last year. Unlike many British commentators, who seem desperate to talk down one the UK’s most important industries, Rolet realises how important a prosperous City is to the UK and [...]
London retail sales growth slows down February 14, 2010 RETAIL sales in London grew at their slowest rate for five years as the stronger pound made the capital less attractive for overseas shoppers. Sales were 3.5 per cent up on the previous January, according to a report from the British Retail Consortium (BRC). In January 2009 sales figures grew by 6.5 per cent compared [...]
Politicians begin to focus on real City issues February 14, 2010 Fresh from leading a City delegation to UAE and Qatar last week and before I head out to Bahrain and Saudi Arabia tomorrow, I see that the debate on reform of the financial services industry is slowly beginning to shift. Talk of a global bank tax is rife following Gordon Brown’s declaration that he expects [...]
Plantic signs with Germans for US push February 14, 2010 PLANTIC Technologies, the Aim-listed bio-plastics firm, has announced a new distribution agreement with Klockner Pentaplast as part of its plans to expand in the US. Klockner Pentaplast is a producer of packaging materials for the pharmaceutical, medical device, food, and printing industries and will exclusively sell Plantic rigid sheet products in the Americas, replacing the [...]
BEST OF THE BROKERSn February 14, 2010 BT GROUP Charles Stanley says last week’s third quarter results from BT were positive, particularly for overall improvement in profitability, and a small uplift in full year cash flow guidance was also welcome. “However, overshadowing all this was the news on the pension fund, which was overall worse than expectations,” Stanley said. SMITH & NEPHEW Edison [...]
CITY MOVES | WHO’S SWITCHING JOBS February 14, 2010 Marriott Harrison The City law firm has appointed Jill Andrew and Bob Cordran, pictured, as partners in its employment team. Andrew joins from Dawsons and was also previously a senior partner at employment boutique Archon. Cordran formerly worked at Thomas Eggar, Simmons & Simmons and Olswang, and has particular expertise in advising on issues related [...]
England defy spirited Azzurri February 14, 2010 ITALY v/s ENGLAND MARTIN JOHNSON admitted his relief as nervy England made it two wins out of two in the Six Nations at the expense of plucky Italy in Rome. The Red and Whites looked to be coasting to a first away victory under Johnson’s reign when Mathew Tait rounded off a well-worked move to [...]
Warnock hits out after Palace are denied a famous giant-killing scalp February 14, 2010 CRYSTAL PALACE v/s ASTON VILLA OUTSPOKEN Crystal Palace boss Neil Warnock accused referee Kevin Friend of costing his side a place in the FA Cup quarter-final as Aston Villa got out of jail at Selhurst Park. Warnock was incensed after Friend incorrectly awarded Villa a corner three minutes from time which led to Stiliyan Petrov [...]
Defoe saves Spurs after Harry’s rant February 14, 2010 BOLTON WANDERERS v/s TOTTENHAM TOTTENHAM boss Harry Redknapp gave his side a half-time rollicking as Spurs kept their FA Cup hopes alive in a classic game of two halves at the Reebok Stadium. Redknapp was furious with a below-par opening 45 minutes which culminated in Kevin Davies handing the Trotters a deserved lead. But after [...]
Hero Newby sends Tigers back to top February 14, 2010 LEEDS CARNEGIE v/s LEICESTER LEICESTER TIGERS overcame testing conditions to move back to the top of the Guinness Premiership with victory over bottom club Leeds. The Tigers were frustrated for long periods by a resilient Leeds defence before back row Craig Newby sealed victory with the only try of the game. It came as a [...]
