CITY WELCOMES A DOSE OF FESTIVITY AND OPTIMISM October 28, 2010 “AN EVENING of festivity and optimism” was the way in which our editor Allister Heath introduced City A.M.’s inaugural awards ceremony last night, and the evening did not fail to live up to expectations. After years of gloom-mongering and banker-bashing, what better way to acknowledge the role of the City in bringing the economy back [...]
A man schooled for big business October 28, 2010 THOSE considering studying for an MBA do not need to be told that the London School of Business and Finance (LSBF) is not the same thing as the London Business School. They aren’t in the same league. But the man behind this seven year-old college has done something rather impressive. He has taken a business [...]
England’s 2018 bid team retracts complaint over Russian criticism of ‘boozy, crime-ridden’ London October 28, 2010 ENGLAND have decided to turn the other cheek in the war of words with rival World Cup 2018 bidders Russia amid fears an escalating row could damage their chances. Relations reached a new low this week when one of Russia’s top football figures, Viacheslav Koloskov, dismissed England as “absolutely primitive”. That barb was in response [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 27, 2010 FINANCIAL TIMES SOUTH AFRICA STILL A DRAG ON ANGLO AMERICAN Anglo American, the mining company, is finding it hard to escape its South African roots despite its efforts to become a cosmopolitan corporate citizen. An array of risks in South Africa, the source of 41 per cent of operating profits last year, is having an [...]
Russians slam English again October 27, 2010 FOOTBALL: Russia have been accused again of denigrating England’s bid to host the 2018 World Cup after one of their top officials labelled their main rivals “absolutely primitive”. Viacheslav Koloskov, honorary president of the Russian Football Union, lashed out after England complained about criticisms of London made by Alexei Sorokin, chief of the Russian bid. [...]
Russia deny criticising England October 26, 2010 FOOTBALL: England’s World Cup 2018 bid rivals Russia say they regret any “misunderstanding” resulting from their chief executive’s recent comments about London. Andrei Sorokin denied, however, that he had criticised England’s bid, which would have been against the rules. It comes with the bid process in a state of turmoil after two members of the [...]
TNK-BP profit down as Rosneft prospers October 26, 2010 Russian oil company TNK-BP, a joint venture that makes up more than a quarter of BP’s reserves, said yesterday its third-quarter net profit fell as transportation and other costs rose. The company generated net profit of $1.45bn (£913m) on revenues of $11.4bn. A year earlier TNK-BP earned $1.68bn on revenues of $10.26bn. Meanwhile, its largest [...]
Hyundai UK recalls 17,000 cars for checks October 25, 2010 HYUNDAI UK has recalled thousands of cars over fears that winter road de-icing salt may have damaged their suspension systems. The South Korean group is urging owners of 17,000 Santa Fe models made between July 2000 and June 2003 and Trajets from between January 2000 and May 2004 to return them to dealers for checks. [...]
BRICs to get IMF influence October 24, 2010 THE INTERNATIONAL Monetary Fund has agreed a landmark deal that will hand more power to emerging economies, whose clout in the IMF has not kept up with their economic ascent. Europe will give up two of its eight seats on the 24-member board, which will be taken up by Brazil, Russia, India and China. In [...]
Ex BP boss Lord Browne to head advisory board at Stanhope Capital Capital October 24, 2010 FORMER BP chief executive Lord Browne is to head up the newly-formed advisory board of boutique wealth manager Stanhope Capital, it emerged yesterday. Stanhope is believed to be lining up Browne to chair the three-man board and to help it attract investors from the worlds of business and charity and the arts, in which he [...]