EU warns Cameron: Not paying €2bn bill will open a Pandora’s box October 27, 2014 As the Prime Minister stood up in parliament to proclaim Britain "will not be paying" the €2bn bill that landed on his doorstep last week, a senior member of the European Commission was warning the British government that not to pay would be to "open a Pandora's box". Jacek Dominik, the EU's budget commissioner, told [...]
Apple CEO Tim Cook explains Beats Electronics purchase in wide-ranging interview September 14, 2014 Apple chief executive officer Tim Cook has said it was the strength of Beats Electronics' subscription service that persuaded him to sign off on the $3bn (£1.8bn) purchase of the company earlier this year. In a wide-ranging interview with Charlie Rose on American network PBS last week, Cook touched on a number of topics ranging [...]
Bovis Homes, Direct Line and Pandora change guard at the top August 28, 2014 THERE was a changing of the guard yesterday as three high profile City figures made their move at Pandora Bovis Homes and Direct Line. The Danish jewellery designer announced that Allan Leighton would be stepping down as chief executive after a year at the helm. Anders Colding Friis, the chief of Scandinavian Tobacco Group, will [...]
Dr Martens boots its chief up to chairman August 18, 2014 BRITISH footwear brand Dr Martens has poached the European boss of rival shoe company Deckers Outdoor to become its new chief executive. Steve Murray will take over as chief executive of the punk boot brand in October when its current boss David Suddens will step up to become non-executive chairman. The group, bought out by [...]
Saxo boss Lars Seier Christensen opens Pandora’s box with jewellery startup investment August 12, 2014 Saxo Bank’s chief exec Lars Seier Christensen has got chins wagging in the Danish press. The banking boss has made a personal investment into jewellery startup Endless Jewelry – a company run by well-known Danish entrepreneur Jesper Nielsen. Nielsen made his name as a reseller of jewellery brand Pandora. He sold his Pandora distributorship for [...]
Ex-Asda bosses Archie Norman and Allan Leighton linked to Morrisons chairman role July 27, 2014 Former Asda bosses Archie Norman and Allan Leighton are said to be in the running to become the new chairman of troubled supermarket chain Morrisons. Norman and Leighton were credited with reversing Asda’s fortunes in the 1990s and are both seen as plausible candidates to help revive the chain, which has been losing market share [...]
Anglo puts South African strike-hit mines on the block July 21, 2014 ANGLO American yesterday confirmed its plans to sell off some of its South African platinum mines, after a five-month strike that slashed production by 40 per cent. The FTSE 100 company is putting its Rustenburg mine on the block, alongside its stake in the Pandora joint venture it owns with peer Lonmin, so that it [...]
New York Report: Dow Jones below 17,000 July 8, 2014 US STOCKS tumbled yesterday as the Dow fell nearly 118 points, ending the trading day below the 17,000 mark. The Dow Jones industrial average lost 0.7 per cent to 16,906.62. The S&P 500 index fell 0.7 per cent to 1,963.71 and the Nasdaq composite index plunged 1.4 per cent to 4,391.46. It was the second [...]
MPs demand probe into share fixing July 2, 2014 Share traders routinely fiddle prices at the end of each day’s trading to boost bonuses and profits, influential MPs claimed yesterday, demanding a full probe from the City watchdog. The probe could set the scene for a scandal far larger than Libor manipulation, as stocks are held widely by the general public and in pension [...]
MPs demand probe into market manipulation July 2, 2014 Share traders routinely fiddle prices at the end of each day’s trading to boost bonuses and profits, influential MPs claimed yesterday, demanding a full probe from the City watchdog. The probe could set the scene for a scandal far larger than Libor manipulation, as stocks are held widely by the general public and in pension [...]