Virgin Money to boost bonuses March 3, 2014 VIRGIN Money is this week set to approve banking bonuses of up to 200 per cent of executive’s salaries. Sir Richard Branson’s banking arm will reveal investor approval for the move at tomorrow’s full-year results, according to Sky News. The bonus decision comes as new European rules demand there should be a 100 per cent [...]
Capital One Cup: Pellegrini sets eyes on more trophies after Wembley win March 2, 2014 AT WEMBLEY STADIUM MANCHESTER CITY 3 SUNDERLAND 1 MANCHESTER City manager Manuel Pellegrini yesterday won his first trophy since joining the club, yet insisted he will not be satisfied unless the Sky Blues claim more silverware before the end of May. Fabio Borini gave Sunderland an early lead, putting City in danger of a repeat [...]
What the other papers say this morning – 28 February 2014 February 27, 2014 FINANCIAL TIMES Investors disappointed in AO float Hundreds of institutions that tried to buy into the float of online retailer AO World have been left disappointed, after 85 per cent of the new issue was awarded to just 15 investors. One-third of the 300 institutions that applied for shares in the float received no allocation [...]
Downloads to be ultra-fast at Virgin Media February 27, 2014 VIRGIN Media customers can now download a high definition movie in just four minutes after the cable broadband provider increased its service’s top speeds to 152Mb, double BT and Sky’s top consumer broadband speeds of 76Mb. Virgin’s ultrafast speed will not come at any additional cost for existing customers of Virgin’s fastest service, who will [...]
Inside Track: Essar deal could hurt JP Morgan February 26, 2014 IN the ultra-polite language of the City, even the biggest failures among departing bosses often leave with good wishes and gratitude for their contribution ringing in their ears. So when blue-chip fund managers dispense with pleasantries and bandy words such as “cynical” around, it’s clear that somebody is seriously unhappy. Having bought Essar Energy shares [...]
Here’s why homebuyers weren’t deterred by US storms February 26, 2014 Apparently people in the US still buy houses when it’s well below freezing outside, but today's new home sales numbers don't necessarily mean fair skies from here on in for the housing market. The number of new home buyers in the US shot up 9.6 per cent in January to a five-year high – a [...]
BooHoo to IPO with ex-Asos boss at helm February 25, 2014 ONLINE fashion retailer BooHoo.com has appointed Peter Williams as chairman ahead of its IPO which is expected in early March. Williams is a former director of rival fashion site Asos, which floated ten years ago and is currently worth around £6bn. He is a stellar hire for the group and widely hailed as one of [...]
Wiggins eyes Glasgow gold February 25, 2014 FOUR-TIME Olympic cycling champion Sir Bradley Wiggins has confirmed his intention to compete at this summer’s Commonwealth Games in Glasgow. Wiggins, 33, won two silver medals at the Commonwealth Games in Manchester 12 years ago and team pursuit silver in Kuala Lumpur in 1998. The time trial at this summer’s Games takes place on 31 [...]
Former Asos director to head Boohoo for £500m IPO February 25, 2014 Ex-Asos director Peter Williams is to become chairman of Boohoo.com – a rival online fashion store – as it finalises listing plans valuing it at £500m, Sky News understands. Williams, a seasoned retailer who left the Asos board last year, is to take the reins as the company prepares to float on the stock market. [...]
What the other papers say this morning – 25 February 2014 February 24, 2014 FINANCIAL TIMES Markit and Virtu race for IPOs Two unique financial technology companies are preparing multibillion dollar initial public offerings, with both Markit and Virtu Financial seeking New York listings in the coming months. Markit, the UK-based data provider, is aiming to raise at least $500m and seek a valuation of more than $5bn as [...]