CITY MOVES | WHO’S SWITCHING JOBS February 1, 2010 GMT Communications Partners The private equity group has promoted Natalie Tydeman, pictured, to partner and Vikram Krishna to principal. Tydeman joined the group in 2007 as a senior adviser from Fremantle media, where she was a senior vice president. Krishna has been at GMT since 2005. He was formerly a manager at PwC, focusing on [...]
John Lewis to open “Olympic” store February 1, 2010 DEPARTMENT store John Lewis is to open a shop next to the 2010 Games site as part of its sponsorship deal. The shop, in Stratford, will sell Olympic merchandise and become the 26th home-grown sponsor. An estimated 10,000 licensed products which will be on sale. The john Lewis Flagship store in Oxford Street will also [...]
Debenhams appoints new chairman January 28, 2010 DEBENHAMS has appointed Nigel Northridge as its new chairman to replace John Lovering. The company said Northridge – currently chairman of betting group Paddy power – will step up to the role on 1 April Lovering had chaired the retailer since 2003 and led its flotation on the London Stock Exchange in 2006. Northridge is [...]
CITY MOVES | WHO’S SWITCHING JOBS January 28, 2010 Earth Capital Partners The green investment advisory firm, chaired by ex-Man Group boss Stanley Fink, has appointed Bosworth Monck, Gabriel Montana and Richard Smith to its sustainable agriculture and forestry investment team. Monck, pictured, will head up the team and previously held roles as chief executive of Ibis Asset Management, chief operating officer of hedge [...]
The man with the Midas touch January 28, 2010 FEW people can say that Gordon Brown gave them a great business idea. Paul Tustain, the founder of BullionVault.com, the internet-based gold trading firm, can. When the current prime minister, then chancellor of the exchequer, sold off the nation’s gold supply in the late 90s, Tustain decided that was a good signal to buy. But [...]
Sportech pays £51.4m for US sports betting business January 27, 2010 POOLS operator Sportech is buying racing and venue management business SGR from US group Scientific Games Corp for up to $83m (£51.3m) in cash and shares to become a world leader in pools betting. Sportech said yesterday it would pay an initial $65m, followed by $10m on 30 September 2013 and up to $8m if [...]
CITY MOVES | WHO’S SWITCHING JOBS January 26, 2010 PricewaterhouseCoopers Dr Paul Robertson has joined the accountancy giant to lead the crisis management part of its risk and business continuity management services division. A past winner of the CIR Business Continuity Management Consultant of the Year award, Robertson is a regular speaker at industry events. He has spent the past 13 years working as [...]
Defensive shares lift FTSE but banks and miners weak January 26, 2010 BRITAIN’S leading share index added 0.3 per cent yesterday, as support for defensive issues, and a modest early rally on Wall Street, offset weakness in heavyweight miners and banks. At the close, the FTSE 100 index was up 16.54 points at 5,276.85, snapping a four-session losing streak, having earlier reached an intraday low for the [...]
All can fail: my new manifesto for the banks January 25, 2010 REGULAR readers of this column will know that I am no fan of many of the proposals being cooked up to reform the banks. I have opposed Barack Obama’s plan to ban retail banks from engaging in proprietary trading; George Osborne’s support of Glass-Steagall, which would break up commercial and investment banks; and Alistair Darling’s [...]
Cable: carve up retail and investment banking in UK January 25, 2010 VINCE cable yesterday called for British banks to be broken up, in a move that will further alienate him from the City. He said he would use the crisis to transform the economy into a system that was beneficial to the whole country and “not just the Square Mile”. He distanced himself from the two [...]