WHAT THE OTHER PAPERS SAY THIS MORNING April 11, 2010 FINANCIAL TIMES TOTAL CHIEF STILL KEEN ON UAE DESPITE SETBACKS Total, the French oil company, is looking to invest in the United Arab Emirates’ nuclear industry despite having been part of a consortium that lost the $20.4bn contract to build the country’s reactors. The loss to a Korean consortium, led by Korea Electric Power Corp [...]
In the summer Switzerland’s mountains burst into life April 11, 2010 I’VE been skiing just once, when I was 11. My chief memories are of floundering in a snowdrift as my Austrian instructor sped off cursing my inability to stay upright, and the fact that by the end of the week I still hadn’t even mastered the snowplough. It really wasn’t for me. Since then, the [...]
BAILOUT CHIEFS FACE HOLLYWOOD PARADE April 8, 2010 HERE’S betting that the key players in the downfall and rescue of the US banking system never believed they’d have it so good. After countless sleepless nights and stress-soaked days, it’s probably fair to say that policymakers and bank bosses weren’t looking their best when they emerged, battered and bruised, on the other side of [...]
ANALYSTS TAKE THEIR GAMBLE ON WORLD CUP April 7, 2010 WORLD Cup fever is starting to grip the City in earnest ahead of the summer in South Africa, as evidenced by the latest analysts to have a pop at the business impact of the tournament. Sanford Bernstein’s Trevor Stirling, Joao Valli and Melissa Yates yesterday released a missive on the effects of the World Cup [...]
MODELLING LEAVES METRO BOSS RED-FACED April 5, 2010 MOST of the management over at shiny-new high street lender Metro Bank might be patting themselves on the back over their latest marketing ruse, a giant mascot for the bank, but some of the poor staffers have been left red-faced. The new mascot – an enormous foamy “M” in blue and red, the bank’s colours [...]
Curry in a hurry is a bit confusing April 5, 2010 Bangalore Express City 1 Corbet Court, Gracechurch Street, EC3 V0AT. www.bangaloreexpress.co.uk Cost per person without wine: £25 ONE of my first memories of arriving in London was going for a curry on Brick Lane. While I wasn’t particularly impressed by the food the décor has stuck in my mind – massive and slightly wonky paintings [...]
BEST OF THE BROKERS April 5, 2010 VODAFONE Collins Stewart has issued a “sell” recommendation on Vodafone after Ofcom’s mobile termination rate (MTR) proposals to bring down rates. Collins Stewart said that it could have a 20 per cent drag on Vodafone’s UK revenue by 2015. Over the four years Collins Stewart expect it will have a £330m impact on Vodafone profits. [...]
BANK OF ENGLAND BOFFIN KNOCKS THE SPOTS OFF THE COMPETITION March 31, 2010 WHEN it comes to pepping up weighty speeches with witty references to popular culture, the boffins from the Bank of England aren’t exactly known for being trailblazers. But Andrew Haldane, the Bank’s executive director for financial stability, tore his peers’ stuffy image to shreds in a speech in Hong Kong this week by managing to [...]
Carluccio’s sees profits drop March 31, 2010 Restaurant group Carluccio’s has seen profits before tax for 2009 drop to £4.7m from £5.6m, after the company faced a challenging year. Revenue climbed by eight per cent to £69m from £64m it posted the year before. During the year Carluccio’s opened 44 new stores across the UK, up from the 38 stores it opened [...]
The celebrity chef bringing peasant food to the City March 29, 2010 I’M like a snail,” drawls chef supreme Raymond Blanc in a French accent that, 38 years after he arrived in the UK, remains as textured and ripe as a perfectly aged Camembert. “I’m stuck in my shell, and can only move very slowly.” The reason for Blanc’s despondency is a fall he took at his [...]