Promotions up a third at UK law firms May 26, 2011 PARTNER promotions at the UK’s top 50 law firms have risen by almost a third compared to last year, according to research by Legal Week magazine. The figures show an upturn in confidence throughout the Magic Circle firms and beyond, with recent financial results supporting the return to form. Across the top 10 UK firms [...]
Mixed fortunes for Brit stars May 26, 2011 BRITISH No1 Andy Murray overcame gusty conditions to book his place in the third round of the French Open, but compatriots Heather Watson and Elena Baltacha were blown away at Roland Garros. Murray laboured at times in a 7-6 (7-3), 6-4, 7-5 victory over Simone Bolelli, and while the Italian created no shortage of hazards, [...]
Clegg in U-turn on NHS reform plans May 26, 2011 Deputy Prime Minister Nick Clegg yesterday chose the NHS as a coalition battleground as he insisted that the service would not “change for change’s sake”. In his first major speech on the health service since first signalling his concerns over the NHS reforms, Clegg stressed that there were no arbitrary deadlines for reform. And in [...]
Hammam implicates rival Blatter May 26, 2011 FIFA presidential candidate Mohamed Bin Hammam has demanded that current chief Sepp Blatter be included in the investigation by the world governing body’s ethics committee. Bin Hammam, who along with Fifa vice-president Jack Warner has been charged with bribery, claims Blatter has also been named in evidence submitted to the ethics committee ahead of a [...]
Japan fund is boost to Man as assets soar May 26, 2011 MAN Group reported a jump in assets and better-than-expected profits yesterday, as a big fundraising in Japan helped the world’s largest listed hedge fund firm accelerate its belated recovery from the credit crisis. The firm – which now runs $71bn (£43.3bn) in client assets, up three per cent since March – attracted $2bn alone for [...]
Carnwath gives up senior role after decade May 26, 2011 ALISON Carnwath yesterday announced she was standing down as Man Group’s senior independent director after 10 years in the role. She will be replaced by Patrick O’Sullivan. Carnwath, who is also a director of Barclays and chairman of Land Securities, is staying on the board at Man. Under best practice in corporate governance, directors that [...]
Change in fortunes looks here to stay May 26, 2011 THINGS finally seem to be looking up for Man Group. After recovering from being hit by big outflows throughout 2009 and 2010, it has now also managed to sidestep the spectre of the Japanese earthquake, with the launch of a Japan version of its AHL fund attracting $2bn of investment. The Nomura Global Trend is [...]
Final could move back to midweek May 26, 2011 EUROPEAN chiefs are thought to be considering switching the Champions League final back to Wednesday. Viewing figures for last year’s match, the first to be held on a Saturday, were not as high as hoped and a significant drop from the previous final. It is understood the matter has been discussed within the FA. A [...]
Westwood stunned by Donald’s Wentworth wizardry May 26, 2011 WORLD No1 Lee Westwood joked his compatriot Luke Donald should be drug tested after posting a remarkable 64 in tough conditions on the first day of the BMW PGA Championship at Wentworth. Donald finished on seven under, two shots clear of Italian teenager Matteo Manassero and Sweden’s Johan Edfors. Westwood finished on level par after [...]
Apple warns Mac users as virus appears May 26, 2011 APPLE is fighting what security experts warned yesterday may be the most pernicious types of computer virus to ever target its line of Mac computers. The company was forced to issue a security advisory warning to customers about a recent scam that infects Macs with malicious software that wrongly tells them their computer is infected [...]
