To save the economy, we have to change the macho City September 21, 2009 IN 1999, Ricky Martin was top of the charts, the millennium bug threatened world stability and the dotcom boom was never going to end. It was also the year that Karen Gill and Maxine Benson set up Everywoman, a business designed to help women entrepreneurs set up their own businesses. The idea was borne out [...]
BA looks to Spain for winter sun September 21, 2009 British Airways (BA) could operate tourist flights from London City airport next year to capitalise on its new range of regional aircraft. Destinations served using five E-190 jets on order from Brazilian manufacturer Embraer could stretch to the Spanish holiday islands of Majorca and Ibiza.
WHAT THE OTHER PAPERS SAY THIS MORNING September 20, 2009 THE SUNDAYSThe Sunday TelegraphTRUELL TO CONSOLIDATE UK PENSIONS Renowned City investor Edmund Truell is gearing up for a fresh round of acquisitions to drive consolidation in the UK pensions market. Truell, who founded private equity house Duke Street, said he was exploring targets for his Pension Corporation vehicle and had seen a growing interest from [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 16, 2009 FINANCIAL TIMES BURBERRY LOOKS TO WIN OVER FRIENDS ONLINEBurberry, the fashion brand that has gone from classic to cutting edge, is to launch its own social networking site next month. The clothing group hopes the move will deepen its relationship with customers and attract new devotees. Called artofthetrench.com, the site will initially feature users sending [...]
Talks between BA and Iberia take off after summer break September 15, 2009 BRITISH AIRWAYS’ (BA) chief financial officer Keith Wiliams said yesterday that talks with Spanish flag carrier Iberia had stepped up a gear, over a year after a possible tie-up was first announced. In a weekly newsletter, Williams told staff : “We have met the Iberia management team on a few occasions now and the talks [...]
Slaughters and friends feel the heat September 15, 2009 CITY solicitors are hooked on league tables, and the latest one feeding their addiction is a new ranking that details which law firms are bagging FTSE 100 instructions. Movement at the top has got tongues wagging, as the historically dominant Slaughter and May has seen its position challenged for the first time in years, triggering [...]
SWEETPICKINGS The ADVISERS September 13, 2009 Fittingly for one of the largest M&A deals to be proposed so far this year, Kraft and Cadbury have appointed an army of advisers to stand behind them in their respective quests – a move which could cost the two firms upwards of $90m (£54m) in fees. Cadbury is taking advice from Goldman Sachs, UBS [...]
BOLZANO: GATEWAY TO THE DOLOMITES September 13, 2009 BOLZANO was the subject of sniggering in Italy last month when it was rumoured that prime minister Silvio Berlusconi might be taking a trip there. The capital of the South Tyrol region, you see, is the site of the only sex addiction clinic in Italy. Whatever his reason for going there, Berlusconi could hardly pick [...]
Large caps break 5,000 as travel gets its day in the sun September 9, 2009 THE FTSE 100 ended a week of waiting yesterday to pull itself above the 5,000 level by the close. The benchmark index rose by 1.2 per cent on the back of strong oil and bank stocks, as well as early gains on Wall Street. By the close the index was 56.96 points higher at 5,004.30, [...]
Lufthansa opens up the books on bmi to its rivals September 8, 2009 BRITISH Airways (BA) and Virgin Atlantic have signed confidentiality agreements with Lufthansa over talks with its bmi airline, it is understood. The German carrier has opened its books at Bmi, offering limited due diligence to its rivals ahead of a potential sale of the airline. Bmi’s assets are desirable because they include slots at sought-after [...]