CITY MOVES | WHO’S SWITCHING JOBS November 24, 2010 PricewaterhouseCoopers PricewaterhouseCoopers (PwC) has appointed Andrew Miller to lead its government information security services offering as part of PwC’s continued investment in the development of its risk assurance practice. Prior to joining PwC, he was at Fujitsu Defence & Security where he was responsible for transforming its security services portfolio. Mercer Mercer has made three [...]
Crisis must be used to force change November 18, 2010 SOMETIMES, crises are the best way to force through change. Take what has happened to the US car industry. I wish the US government hadn’t bailed out General Motors; governments should not be in the business of helping individual firms in this way. The assistance helped GM’s remaining employees but it unfairly put other companies [...]
New car sales fall in Europe November 16, 2010 CAR sales in the UK and Europe plummeted in October as the end of government help for the car industry and uncertainty about spending cuts took their toll. New car registrations in the EU fell 16.6 per cent to 1.03m versus October 2009, the European Automobile Manufacturers Association said. Demand dipped 5.5 per cent to [...]
England can impress in Investec Series opener November 5, 2010 ENGLAND vs NEW ZEALAND TOMORROW, 2.00PM, SKY SPORTS Martin Johnson gets the chance to show how his England team have progressed since their excellent 21-20 victory over Australia in June, as the autumn internationals get underway tomorrow at Twickenham. England face the toughest possible opener against the All Blacks, who will be seething after they [...]
Looking dapper in black tie is about keeping it simple November 5, 2010 WITH the City’s party season imminent, it’ll be time for chaps to dust down their tuxedos. The going wisdom is that men have it easier than women when it comes to formalwear, since there’s a prescribed uniform to stick to. But even within the black tie guidelines, there are a number of decisions to take [...]
US car sales strengthen as recovery picks up speed November 3, 2010 US automakers General Motors, Ford and Chrysler yesterday reported strong increases in US sales in October as the industry rebounds from a deep slump. GM, the nation’s largest automaker, said it sold 183,759 vehicles in the United States in October, up 3.5 per cent from a year ago. Ford, the second-biggest automaker and the only [...]
GM wheels in tax break on $50bn profit November 2, 2010 GENERAL Motors will not have to pay US federal taxes on up to $50bn (£31bn) of profits for as long as 20 years because of a tax exemption for companies bailed out by the government under the Troubled Asset Relief Programme (Tarp). The government ruling, passed last year, means the losses racked up by GM [...]
Pietersen dismisses Ashes mind games October 31, 2010 ENGLAND batsman Kevin Pietersen is refusing to be drawn into a pre-Ashes slanging match but admits he and his team-mates fancy their chances of achieving a rare triumph Down Under. Australia stepped up the psychological warfare last week when they projected an image of captain Ricky Ponting onto Big Ben with the legend: “Don’t forget [...]
Ford motors to a recovery as profit rises October 26, 2010 CAR giant Ford yesterday posted a higher-than-expected quarterly profit and pulled forward by a year a debt-reduction forecast seen as key to returning the automaker to an investment-grade credit rating. Ford, which expects to be solidly profitable this year, said it repaid $2bn (£1.26bn) of debt in the third quarter, expects to pay down a [...]
Delek to list stocks in London October 25, 2010 Israeli energy, property and automotive group Delek is planning a public offering on the London Stock Exchange to raise between $400m and $500m. Citi, UBS and Deutsche Bank are lined up to underwrite the offering. Delek, which is already listed in Tel Aviv, has a market value of around $3.2bn. It is known for importing [...]