Dutch to end ban on shorting May 27, 2009 The Dutch ban on short-selling of financial stocks is to end on 1 June, after the market regulator decided to end the restriction. The ban on short-selling was initially introduced at the height of the banking crisis in September last year.
Lloyds directors face new ire May 27, 2009 Three directors involved in Lloyds Banking Group’s takeover of HBOS face increased criticism from investors at next week’s annual general meeting, after proxy voting agency Manifest expressed “significant concerns” about the re-election of chairman Sir Victor Blank, Archie Kane and Sandy Leitch.
The truth about the toughest MBA out there May 27, 2009 WHAT THEY TEACH YOU AT HARVARD BUSINESS SCHOOLBy Philip Delves BroughtonVIKING, £12.99 GRADUATES of the Harvard MBA programme run the World Bank, the American Treasury, General Electric, Goldman Sachs and Procter & Gamble. According to Philip Delves Broughton, they control “the hours we work, the vacations we get, the culture we consume, the health care we [...]
Adviser: What do I tell mum on Aviva? May 27, 2009 A DISGRUNTLED financial adviser has issued an open letter to Claire Spottiswoode, who represents the interests of policyholders at insurer Norwich Union, damning the group’s treatment of with-profits fund clients. Adviser David Trenner, of Glasgow advisory Intelligent Pensions, suggests his 82-year old mother is suffering as a policyholder at Norwich Union, which will be formally [...]
OUT OF OFFICE May 27, 2009 LIVE MUSIC AT THE SANDERSONThere’s no better way to enjoy the long summer twilight than sipping a cocktail while listening to good music in a lovely courtyard. The Sanderson is providing just such a scenario this summer, with its Sanderson Predicts live music series, the first of which is next Friday. Launch night is a [...]
Nationwide in 69 per cent profit fall on protection fees May 27, 2009 NATIONWIDE, Britain’s largest building society, reported a 69 per cent drop in full-year pre-tax profits yesterday, blaming the decline on the costs of the government’s deposit protection scheme for savers. The mortgage provider and lender offered little sign of optimism in its outlook, warning of further loan loss provisions to come.The group said it was [...]
TOPPS SALES DROP EASES May 27, 2009 TOPPS Tiles yesterday said its rate of sales decline slowed in the early weeks of its second half. It it said sales at stores open more than a year fell 11.9 percent in the first seven weeks of its second half, less than the 18.5 percent slump seen in the 26 weeks to March 28. [...]
Monte Carlo or BUST May 27, 2009 IT’S 4am in one of Monte Carlo’s less glamorous casinos. A few late-night gamblers mill around, but the room is mostly dead – apart from in one corner, where three poker tables are still full. Among the grizzled professionals, a man in a white T-shirt stands up tiredly. That’s Nelly, superstar rapper and megalodon of [...]
Global air traffic up for April May 27, 2009 There were signs of green shoots for the airline industry last month, as air-traffic figures showed signs of improvement. But the head of the International Air Transport Association (IATA) said yesterday that it didn’t mean a recovery was imminent. Passenger demand in April fell 3.1 per cent year-on-year, a massive improvement on March’s 11.1 per [...]
Emerging private equity plunges May 27, 2009 Private equity activity in emerging markets has plunged by 60 per cent since the credit crunch took hold, according to a study by accountancy giant Deloitte and Arbor Square Associates. The first quarter of 2009 saw just 51 private equity deals take place in emerging countries, compared to 128 deals in the third quarter of [...]
