Nomura’s top man in Europe quits the bank March 16, 2010 Nomura’s top executive in Europe Sadeq Sayeed announced yesterday he will quit the firm. The shock move will be a major blow to the Japanese brokerage. It will now begin the arduous search for a replacement for a banker whose tenure has been seen as a huge success story. Sayeed will remain in place until [...]
Borthwick gives England injury scare March 16, 2010 ENGLAND captain Steve Borthwick has emerged as a major doubt for Saturday’s final Six Nations fixture against France. Saracens skipper Borthwick was sent for treatment on a nagging knee injury after taking part in light training yesterday. Manager Martin Johnson, has, however, conceded defeat in Ugo Monye recovering from a neck injury sustained against Scotland. [...]
Shell axes jobs and costs to save $1bn March 16, 2010 Royal Dutch Shell pushed ahead with plans to streamline its business yesterday when the oil major said it would cut 2,000 jobs over two years and shed more than a third of its global petrol stations. Shell chief executive Peter Voser outlined the changes at the group’s annual strategy briefing, and this means the number [...]
Public spending cuts: now or later? March 16, 2010 WITH a yawning budget deficit of £178bn, all parties agree that spending cuts are needed if the UK is to avoid a sovereign debt crisis. But they differ on when fiscal tightening should commence. We want to know what you think. To tell us, apply to join our special panel of members of London’s business [...]
Voser predicts a brighter future March 16, 2010 THERE was little change in Peter Voser’s message to shareholders yesterday: stick with us, it will be alright in the end. Updated targets and forecasts suggest he’s correct. Shell thinks exploration and production volumes will grow to 3.5m barrels of oil equivalent per day by 2012, a rise of 11 per cent on 2009. That’s [...]
Milner stakes World Cup claim with vital winner March 16, 2010 WIGAN (1) v/s ASTON VILLA (2) JAMES MILNER helped fire Aston Villa back into top four contention – while also firing a timely reminder to England boss Fabio Capello. The midfielder blasted home a winner from 25 yards to take Villa to within three points of fourth-placed Tottenham with a game in hand. But is [...]
Deutsche boss nets €10m for 2009 upturn March 16, 2010 DEUTSCHE Bank unveiled an overhaul of its compensation policy yesterday even as it paid chief executive Josef Ackermann the highest salary of any German blue-chip boss for 2009. Ackermann took home €9.6m (£8.7m) after helping the bank bounce back to a €5bn net profit for the 12 months. The payment was part of a €39m [...]
Swann spins England to victory with a perfect 10 March 16, 2010 CAPTAIN Alastair Cook heaped praise on his bowlers after England secured a comfortable victory in the first Test with Bangladesh in Chittagong by 181 runs. Spinner Graeme Swann was the pick of the England attack, claiming his first ever 10-wicket haul in a Test match as the tourists eventually dismissed the resilient Tigers for 331 [...]
Bumper bonuses for the City but use of deferrals on the rise March 16, 2010 A survey on the bonus payouts of 180 financial services professionals in London has found 47 per cent of respondents received a higher payout in 2009/10 than in 2008/09. A significant 33 per cent said their 2009/10 bonus included a deferred payment element, up from only 13 per cent last year. In 2009/2010, a quarter [...]
Tredwell deserves chance March 16, 2010 WHAT England captain Alastair Cook will have taken away from the first Test in Bangladesh is that it is typically a very hard place to play cricket. The pitches are slow and low, and that makes it particularly tough on the bowlers. Racking up the runs was never going to be a problem for England’s [...]
