CITY MOVES | WHO’S SWITCHING JOBS December 13, 2009 RBC Wealth Management RBC Wealth Management has hired Shervin Mellegard, Samuel Palmer and Neil Jeffries as a managing director, director and wealth manager respectively in the UK domestic team. Mellegard, pictured, has over 20 years of experience in financial services, with his career having spanned commodities futures and securities trading at Merrill Lynch to private [...]
London’s best sales growth for 3 years December 13, 2009 LONDON enjoyed its best sales growth since October 2006, with central London retail sales for November 13.3 per cent higher on a like-for-like basis than a year ago, according to the latest survey from the British Retail Consortium (BRC) out today. “These are great figures,” said Stephen Robertson, BRC’s director general. “These figures show that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 13, 2009 THE SUNDAYS The Sundays Telegraph DEBENHAMS DIRECTORS GET BUMPER PAYOUTS Directors of Debenhams have received bumper payouts, despite the retailer cutting its dividend payment to shareholders last year. Rob Templeman, chief executive, saw his package increase by a third to £1.24m after he was granted a bonus of £428,073. Michael Sharp, deputy chief executive, saw [...]
Battle for the festive pound is under way December 6, 2009 THE high street price war has heated up as shops focus both on luring shoppers away from the internet and beating competition from neighbouring shops. London’s West End shopping district enjoyed its best trade for two years over the weekend as 2m shoppers flocked to a traffic-free Oxford Street, spending over £200m in one day [...]
Look beyond bricks and mortar and invest in the new generation of property funds December 3, 2009 IF YOU don’t want to blow your whole bonus in one go, or you don’t have the appetite for owning a buy-to-let, then there is an alternative: investing in a property fund. A number of new funds have recently launched, designed to capitalise on the steep losses seen across the board in residential and commercial [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 1, 2009 FINANCIAL TIMES HIT HAMSTER RANGE LIFTS CHARACTER GROUPToymaker and distributor The Character Group has predicted Christmas shortages of its most popular lines of children’s gifts, including Go Go Pets, based on a range of battery-powered interactive hamsters. John Lewis, the department store chain, has already imposed a limit of one order per customer for the [...]
THE LONDON REPORT November 30, 2009 BRITAIN’S leading share index shed 1.1 per cent yesterday, ending at session lows, dragged back by weakness in oil majors and banks on lingering anxiety over the impact of Dubai’s debt problems. By the close, the FTSE 100 was down 55.05 points at 5,190.68, its lowest closing level for three weeks. The blue chip index [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 30, 2009 FINANCIAL TIMES CARLYLE SUED OVER COLLAPSED FUNDA prominent Kuwaiti conglomerate is suing the Carlyle Group in a local court, alleging that the US private equity firm misrepresented the safety of its affiliate, Carlyle Capital Corp (CCC), a public debt fund that collapsed in 2008. The firm, National?Industries Group, invested $50m in CCC, which was marketed [...]
Ross returns to the City as Cosalt chair November 30, 2009 DAVID Ross, the co-founder of British mobile phone retailer Carphone Warehouse, has returned to the City as chairman of marine safety group Cosalt, months after he stepped down from this post in the wake of a share disclosure row. In December last year Ross quit a series of high-profile roles when it emerged he had [...]
Borders administrators wield the axe on 36 staff November 30, 2009 BORDERS, the bookshop that has fallen into administration, yesterday made its first round of redundancies. Joint administrators Phil Duffy, Geoff Bouchier and David Whitehouse of MCR announced that a total of 36 employees based at the London head office of Borders have been made redundant. Duffy said that the redundancies did not impact the business [...]