Mandelson wins new Lazard role November 18, 2012 Labour peer Lord Peter Mandelson has been appointed chairman of Lazard International – the global arm of the investment bank. Mandelson joined Lazard as a senior adviser last year, and is stepping into the role vacated by ex-UBS banker Ken Costa, who left Lazard in April 2011 to join the Church of England. The former [...]
ECB man wants two-year Greek deal November 18, 2012 European Central Bank policymaker Joerg Asmussen said yesterday the Eurozone should agree next week on two years of funding for Greece and leave further help to be decided later, a view likely to irk the IMF, which wants a permanent solution. “We should next week settle the financing for the years 2013 and 2014, but [...]
Royal and reality stars get trading for charity November 18, 2012 MAREX Spectron held its annual charity day last week, in aid of Shooting Star CHASE, Rays of Sunshine, Sparks and WellChild. The firm handed over the phones to guest traders such as HRH The Countess of Wessex, HRH Princess Michael of Kent, Olympic rower Tim Foster and actor Tony Gardner. One so-called celebritrader in particular [...]
Desmond the cosy neighbour November 18, 2012 YOUVIEW chief executive Richard Halton may not have anticipated that moving into the Northern & Shell building would involve such frequent visits from the man who heads up one of the firm’s partners, and landlord of the building. The Capitalist hears that Desmond, who owns Channel 5, has taken advantage of the proximity, and often [...]
CBI’s Cridland calls for radical school reform November 18, 2012 THE UK needs comprehensive school reform, the country’s biggest business lobby said today, in order to boost long-term growth. Boosting educational achievement to match the standards in Finland and the best in Europe could add a percentage point to yearly GDP growth, the Confederation of British Industry (CBI) claims, adding £8 trillion to the economy [...]
John Lewis enjoys bumper online sales ahead of Xmas November 18, 2012 JOHN LEWIS said online sales jumped by almost a third last week compared with the same time last year, as consumers turned to their computers and mobile devices to make their Christmas purchases. The department store group reported a 31 per cent year-on-year rise in online sales in the week to Saturday 17 November. John [...]
Billabong director mulls buy-out November 18, 2012 Australian surfwear chain Billabong International said yesterday one of its directors wanted to investigate a possible leveraged buyout of the firm. The retailer, which had potential buyers withdraw takeover offers last month, said Paul Naude would stand aside from his role as president of the Americas while he looked at putting together a buyout proposal. [...]
EU states act to plug defence gap November 18, 2012 European states will today take a step towards plugging a gap in their defences today by agreeing to work together to boost their air-to-air refuelling capacity, a major European shortcoming in last year’s Libyan war. A group of European Union countries will sign a “letter of intent” at an EU defence ministers’ meeting in Brussels [...]
David Cameron plans changes to the UK’s judicial review system November 18, 2012 DAVID Cameron will today announce plans to shake up the judicial review process to reduce delays to new developments and help build a “leaner, faster” government. The number of judicial review applications used to challenge a decision by a public body has jumped from 160 in 1975 to 11,200 last year. Only around one in [...]
Ed Miliband: reforming the EU will require building alliances November 18, 2012 ED MILIBAND will accuse the Prime Minister David Cameron of putting Britain’s national interest at stake by “sleepwalking to the EU exit door” in a speech to the CBI today. The Labour party leader will say that Cameron wants to stay in the EU but has his hands tied by Eurosceptics in his cabinet. He [...]
