‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
CITY MOVES | WHO’S SWITCHING JOBS January 30, 2012 The Co-Operative Group The Co-operative Group has appointed Steve Murrells as chief executive of its food business replacing Tim Hurrell, who retired last year. Murrells, who will report to group CEO Peter Marks when he starts in July, will join Britain’s fifth largest food retailer from Danish meat company Tulip, where he is UK chief [...]
CITY MOVES | WHO’S SWITCHING JOBS January 29, 2012 The Co-Operative Group The Co-operative Group has appointed Steve Murrells as chief executive of its food business replacing Tim Hurrell, who retired last year. Murrells, who will report to group CEO Peter Marks when he starts in July, will join Britain’s fifth largest food retailer from Danish meat company Tulip, where he is UK chief [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 25, 2012 FINANCIAL TIMES NORWEGIAN CARRIER AIMS HIGH WITH 222 AIRCRAFT ORDERS Norwegian Air Shuttle plans to buy 222 new aircraft worth $21.1bn from Boeing and Airbus in a move that heralds its ambition to become one of Europe’s leading low-cost airlines. Boeing secured its largest ever European deal through a firm order by the Oslo-based airline [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 18, 2012 FINANCIAL TIMES TWO BANKS IN DANGER AS DEADLINE APPROACHES European regulators are convinced that two of the continent’s banks will fail to produce credible plans to plug capital deficits by Friday’s deadline, exposing both to the risk of full or partial nationalisation. Officials said that it looked “almost inevitable” that a fresh injection of state [...]
The latest evidence shows many MBA students earn back tuition costs quickly January 18, 2012 BEFORE investing the significant money and time needed to undertake an MBA, potential students should be keen to know the chances of getting a decent return on their investment. Of course, future remuneration isn’t the only motivation for undertaking further study, but if you knew that it would likely cost you more than you got [...]
Top Swiss banker felled by scandal January 9, 2012 EMBATTLED Swiss National Bank governor Philipp Hildebrand yesterday resigned from his role with immediate effect, succumbing to weeks of pressure from politicians and the media over controversial currency transactions made by his wife. Hildebrand admitted yesterday he could not provide “conclusive and final evidence” that Kashya Hildebrand had bought half a million US dollars in [...]
CITY MOVES | WHO’S SWITCHING JOBS January 3, 2012 Avanti Communications Group Paul Walsh, chief executive of Diageo, has joined the board of satellite data company Avanti Communications as a non-executive director. He is also a non-executive director of FedEx Corporation and Unilever. Prior to joining Diageo, Walsh held financial and commercial positions with InterContinental Hotels and in the GrandMet food business, becoming CEO [...]
HSBC gets loophole in Vickers proposals December 19, 2011 HSBC scored a major lobbying victory yesterday after the government inserted a loophole into the Vickers Commission proposals that could exempt the bank from its most onerous capital requirements. The bank had warned that issuing a swathe of new debt instruments as per the Vickers recommendations could cost it $2.1bn extra a year. In response, [...]
PwC faces probe over auditing of BarCap December 16, 2011 Accounting firm PricewaterhouseCoopers (PwC) is being investigated over its auditing of Barclays Capital Securities in relation to the investment bank’s compliance with rules governing the protection of client money. The Accountancy and Actuarial Discipline Board said on Friday its investigation would cover PwC’s conduct in preparing reports on Barclays Capital, the investment banking arm of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 13, 2011 FINANCIAL TIMES PEPSICO SIGNALS RENEWED FOCUS ON CORE INDULGENT BRANDS PepsiCo, the US drinks and snacks company, has signalled that it will renew its focus on its core “indulgent” brands. The move marks a shift in strategy after mounting criticism from investors that it had invested too much in less profitable health products. SIX FORMER [...]