Burberry 2014 Christmas campaign launched as profits hurt by foreign exchange loss November 12, 2014 Burberry yesterday brushed off concerns over foreign exchange movements, saying it expected the effects to wear off in the next six months after taking its toll on first-half profit. The luxury fashion group posted a six per cent rise in underlying profit to £152m in the six months to 30 September. But [...]
Financier divorce could lead to Britain’s biggest ever pay out: Here are some of the U.K.’s largest divorce settlements to-date November 11, 2014 Hedge fund founder divorce could lead to Britain's biggest payout: here are some of the U.K.'s largest divorce settlements to-date For the super wealthy it pays to divorce in London. This is because divorce judgements handed down in British courts traditionally favour the less wealthy partner. One case that's currently in the British courts is [...]
Russian bank VTB could de-list from London due to Ukraine sanctions November 10, 2014 Russian lender VTB is looking at de-listing in London and moving to Chinese stock markets, because international sanctions are squeezing its business. The bank listed in London in 2007, seeking the global capital markets focused in the UK. But pro-Russia separatists’ seizure of Crimea and fighting in Ukraine have led to sanctions on people close [...]
Rouble jumps after months of steep drop November 10, 2014 THE RUSSIAN rouble strengthened against the dollar yesterday despite the Central Bank of Russia (CBR) announcing the abandonment of its exchange rate controls. A press release from the CBR said foreign exchange intervention might still be considered in the case of renewed “financial stability threats”, which may have reassured foreign exchange markets. Markets may also have [...]
Russia Today found guilty of bias and warned of sanctions by Ofcom November 10, 2014 Broadcasting regulator Ofcom has judged TV station Russia Today to be guilty of biased reporting, and has warned it will face tough sanctions following any future failures to provide impartiality. Russia Today, which is funded by the Russian federal government, failed to provide balanced reporting on the on the Ukraine crisis in March, according [...]
Lessons from the mentoring experts Credit Suisse November 9, 2014 Personal enrichment and increased job satisfaction are often given as reasons for being both a mentor and mentee. But being either can also have a measurable impact on your career. A 2006 comparative study by research firm Gartner found that both parties are 20 per cent more likely to get a pay rise than colleagues [...]
25 years later: Remembering the fall of the Berlin Wall November 9, 2014 This weekend, the world observes the 25th anniversary of one of the most historic events in modern history, the fall of the Berlin Wall. The wall, erected by the German Democratic Republic of East Berlin in 1961 and fortified for nearly 30 years, was built to stem the flow of defectors from the Eastern bloc [...]
Rouble edges up after falling to historic low against dollar and euro November 7, 2014 The rouble recovered slightly against the dollar in late morning trading, after it dropped to historic lows against both the dollar and the euro. At one point in mid-morning, it took more than 48 roubles to buy a dollar, as investors showed their lack of confidence in the Russian central bank's ability to control its [...]
Champions League: City reach crisis point after Euro misery goes on November 5, 2014 MANCHESTER CITY 1 CSKA MOSCOW 2 MANCHESTER City boss Manuel Pellegrini admitted his side are suffering a crisis of confidence after defeat to Russian champions CSKA Moscow at the Etihad Stadium last night left their Champions League hopes dangling by a thread. CSKA hitman Seydou Doumbia enhanced his status as the scourge of the Etihad [...]
The immigration debate has been poisoned – and the facts wilfully ignored November 5, 2014 This weekend, people across Europe will commemorate the twenty-fifth anniversary of the fall of the Berlin Wall. They will celebrate the end of communism in Europe, the liberation of millions from totalitarianism, and the opening up of a continent to free movement between nations. In Britain, however, the politics of migration has become grubbier. Everybody [...]