IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
Why most investors don’t care if Diamond gets rich April 9, 2012 IT used to be big news if the likes of Standard Life, Scottish Widows, Fidelity and Aviva combined forces to vote against a company’s remuneration report. Such a roster of big British institutions would have had the clout and the votes to make the company reconsider its intentions or risk a very bloody nose. Hence [...]
Brasserie Bar wins £6m injection April 9, 2012 Brasserie Bar Co, the restaurant group fronted by celebrity chef Raymond Blanc has secured a £6m facility from Barclays to fund its expansion. The company, which recently acquired eight former Chez Gerard sites, plans to grow its French eatery chain Brasserie Blanc from 11 to 19 restaurants by the end of the year and a [...]
The man with the Big Four in his sights April 9, 2012 THERE is much that separates BDO, Britain’s number six accountancy firm, from the so-called Big Four. One of the lesser known differences is that Simon Michaels, the managing partner of BDO, didn’t go to university, instead taking a training place at the accountant immediately after his A-Levels in 1987. It certainly hasn’t held him back. [...]
Price jump hits hopes of easy money in China April 9, 2012 CONSUMER prices in China rose more sharply than expected in March, official figures showed yesterday, raising fears that the authorities may have less room than hoped to stimulate economic growth through lower interest rates. Inflation jumped to 3.6 per cent in the year to March, up from 3.2 per cent a month earlier and representing [...]
A new tax year: Start it as you mean to go on April 9, 2012 GOOD intentions are rarely in short supply, but most people are running huge deficits in acting on them. As always, the lead-up to the end of the last financial year saw a last-minute flurry of activity, with people rushing to sort out their tax, pensions and Isas. Old habits die hard, but it would pay [...]
Miners lift FTSE but UK factory figures cast shadow April 5, 2012 The FTSE 100 edged up this morning as miners were boosted by more positive data from China but a shadow was cast over the UK by bleak factory output figures. Investors were also eyeing the Bank of England’s interest rate decision at midday with rates expected to be frozen again with no more quantitative easing [...]
David Cameron unveils new Big Society bank April 4, 2012 DAVID Cameron yesterday announced the launch of a “Big Society bank” that will lend money to charities and other good causes. The fund expects to raise £600m in capital over the next four years, which it plans to lend to social enterprises that can prove they can repay the investment from their income. Around £400m [...]
CITY MOVES WHO’S SWITCHING JOBS April 4, 2012 Universal Music The music company has promoted Laurence Hulin to vice president, emerging markets, effective immediately. Hulin will report to Olivier Robert-Murphy, global head of new business in the Universal Music Group. Hulin joined Universal Music in 2005, and for the past two years has served as vice president, business development. He has more than [...]
Miners and banks dent FTSE April 4, 2012 The FTSE 100 was dragged back by weaker mining stocks after minutes from the US Federal Reserve’s March meeting revealed that it is not planning any more monetary stimulus. Federal Reserve policymakers have backed away from the need to pump more money into the system as the US economy gradually improves, minutes of the central [...]
Debt issuance up 69 per cent at start of 2012 April 3, 2012 GLOBAL debt capital markets (DCM) activity totalled $1.7 trillion (£1.06 trillion) in the first three months of 2012, a 69 per cent increase on the fourth quarter of 2011, according to figures from data supplier Thomson Reuters. Their report shows that early 2012 was the most successful quarter for debt issuance in three years. Financials [...]