Malcolm Calvert drops appeal against insider dealing conviction October 20, 2010 MALCOLM Calvert, the ex-Cazenove partner released from jail earlier this month after serving just a third of his 21-month sentence for insider dealing, has dropped his appeal against the High Court’s conviction, bringing to a close the most high-profile enforcement case in the City regulator’s history. Calvert, known as “Streaky”, was released from Ford prison [...]
CAR TALK October 19, 2010 BMW DRIVERS ARE RUDEST BMW drivers are the most likely to be obnoxious on the road according to a survey of 3,000 motorists conducted by gocompare.com. Results from the study found BMW drivers the most likely to tailgate, make rude hand gestures and to speed, and more than half of the survey’s respondents had suffered [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 18, 2010 FINANCIAL TIMES CANDOVER POISED TO PULL PLUG ON THEME PARK Candover, the private equity group, is on the brink of ditching plans to sell or float Parques Reunidos, the Spanish theme park operator, after offers from rival buy-out groups came in below its €2bn ($2.8bn) price tag. Apollo Management and a consortium of Advent International [...]
PREVIEW: October 14, 2010 Various venues, until Oct 28 Want to know what films are going to be making the headlines next year? The BFI London Film Festival, which opened this week and runs for the next fortnight, brings together a panoply of the most anticipated new films, as well as hidden gems from around the world and a [...]
Wall Street flat as earnings awaited October 11, 2010 US stocks drifted in the lightest trading volume of the year yesterday as few dared to place bets ahead of key companies’ results later this week. Expectations the Federal Reserve will flood markets with even more cash have been fully priced in to the market, so investors are now focused on third-quarter earnings season, with [...]
Jaguar Land Rover exec to quit next year October 11, 2010 Luxury car maker Jaguar Land Rover yesterday said the boss of its Jaguar arm is leaving next year as the company continues to review the future of its UK manufacturing operations. Jaguar Land Rover said the managing director of Jaguar Cars, Mike O’Driscoll, 54, will retire at the end of March 2011 after 35 years [...]
Games chiefs refuse to rule out Spurs bid for stadium October 7, 2010 OLYMPIC chiefs yesterday repeatedly refused to rule out Tottenham’s bid for the 2012 stadium despite the club being unwilling to retain the running track. The north London outfit are the only bidders known to want to scrap the facility if they move into the 80,000-seater arena in Stratford after the Games. Premier League rivals West [...]
Rolls-Royce gets new chief September 30, 2010 BRITISH engine maker, Rolls-Royce has confirmed that the Royal Ahold boss is to become new chief executive as Sir John Rose prepares to retire. John Rishton, who is currently chief executive at the Dutch supermarket group, will take up the post next March when Rose stands down. Rose will leave Rolls-Royce after 26 years, of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 27, 2010 FINANCIAL TIMES BRAZIL IN GLOBAL CURRENCY WAR’ ALERT An “interntaional currency war” has broken out according to Guido Mantega, Brazil’s finance minister, as governments around the world comcompete to power their exhange rates to boost competiveness. Mantega’s comments in Sao Paulo follow a series of interventions by central banks in Japan, South Korea and Taiwan [...]
Compton role put on hold September 20, 2010 PAUL Compton, the former Toscafund hedge fund manager, is still waiting for FSA clearance before being able to take up his new role at the small companies broker WH Ireland. Compton, who worked at Merrill Lynch and Collins Stewart before joining Toscafund, has had the summer off waiting to assume his new role at WH [...]