Alistair Darling joins Morgan Stanley’s board of directors just 24 hours after Gordon Brown joined Pimco December 8, 2015 Just 24 hours after Gordon Brown was appointed to the Pimco advisory board, Morgan Stanley has announced Alistair Darling is joining its board. Darling has followed in his sometime Labour party rival Brown's footsteps, and will formally take up his role on the board of directors at the bank on 1 January 2016. James Gorman, chairman and chief executive of Morgan Stanley, [...]
That’s awkward: Chanel apologises for team “dysfunctionality” in not crediting Mati Ventrillon’s Fair Isle knitwear designs in its 2016 preview show December 8, 2015 Chanel has apologised to Fair Isle knitwear designer Mati Ventrillon for showing designs at its 2016 preview show that she was not credited for, blaming team "dysfunctionality". Buyers from the luxury fashion house visited Ventrillon in Fair Isle earlier this year and said anything they purchased would be for research purposes only. The designer said on her Facebook page: Earlier this summer two [...]
AB InBev chief executive Carlos Brito defends “beerhemoth” SABMiller merger to Senate Committee sceptics December 8, 2015 Anheuser Busch InBev chief executive Carlos Brito was put through his paces yesterday as members of the US Senate Judiciary Committee voiced concerns that the £71bn merger between the world’s two largest brewers AB InBev and SABMiller, would harm consumers and competitors in the US. Brito was appearing in front of the Committee with Molson [...]
Now Londoners can get food from a Michelin-starred chef delivered to their door with new app Godo December 8, 2015 We've all been there: home from the office late and can't be bothered to cook… But now you can get a takeaway in style with a new app delivering food from a Michelin-starred chef to your door. Italian food brand Godo has launched an app which allows users in the City, Canary Wharf and Mayfair to order Italian pasta dishes cooked by Tommaso [...]
Crowdfunding platform Funding Circle is the third biggest lender for small businesses in the UK behind only RBS and Lloyds December 3, 2015 Proving the power of crowdfunding, the third biggest lender to UK small businesses isn't a bank or building society but peer-to-peer lending platform Funding Circle. In the three months from July to September, RBS lent £290m to SMEs, Lloyds lent £275m, and Funding Circle came third, having lent £91.5m, ahead of Aldermore, Yorkshire Building Society and Shawbrook. In [...]
Growing personal debt is a ticking time bomb and trouble will come when rates and inflation start to creep up December 3, 2015 It’s no surprise that we’re borrowing like there’s no tomorrow; prices are low, credit is cheap and coupled with wage growth you could say there’s a feeling of positivity in the air. Make the most of this sweet spot now; we’re watching a ticking time bomb and trouble is likely to be on the horizon. [...]
Polyus Gold is the latest Russian company to leave the London Stock Exchange today December 3, 2015 Russia's largest goldminer Polyus Gold leaves the London Stock Exchange today. Polyus was taken over by a shell company Sacturino, which is controlled by billionaire Suleiman Kerimov's family. Their company, Wandle Holdings, was the majority 40 per cent stakeholder in Polyus and completed its compulsory acquisition early in November. It's the latest in a flurry of Russian [...]
Neil Woodford-backed online estate agents Purplebricks raises £58m in junior market AIM listing December 3, 2015 Purplebricks, the online estate agents backed by superstar investor Neil Woodford, has raised £58m in a share placing ahead of its listing on London's junior market. The estate agency, which combines online listings with local property experts to guide buyers, is expected to float on the Alternative Investment Market (Aim) with a market capitalisation of £240.3m, and will raise £58.1m before [...]
Now you can invest in £10,000 casks of Scotch whisky to help fund a fledgling distillery December 3, 2015 Bored of ordinary bonds, and sick of shares? If you have a spare £10,000 you can now invest in a cask of Scotch whisky. The £10,000 whisky "bonds" are being offered by new Scottish distillery Arbikie, which is producing its first whisky line and looking for investors with the patience to wait until the spirit has aged sufficiently to sell on and [...]
