Action, culture, and food on the Cornish coastline January 20, 2013 THERE ARE some things that, on visiting Cornwall, just have to be done. Eat a Cornish pasty? It would be rude not to. Wolf down a calorie-laden afternoon tea of scones with jam and clotted cream? Why, yes. Stand gazing at the sky from a golden beach and say: “The light is so amazing here?” [...]
E*Trade to name Idzik as chief executive January 17, 2013 E*Trade is expected to name former Barclays chief operating officer Paul Idzik as its chief executive, according to Sky News. Idzik, who left Barclays in 2008 and then headed estate agent DTZ until 2011, would be the US online retail brokerage’s fifth chief executive since 2009. E*Trade, which made a $157m profit in 2011, after [...]
Fiasco over results tests M&S’s loyalty to Tulchan January 17, 2013 THERE is little more certain in life than this: one firm’s misfortune will be seized on by rivals desperate to take advantage of another’s woes. So it is that a host of financial public relation agencies have been bending the ears of Marks & Spencer executives to test the retailer’s loyalty to its incumbent agency [...]
The London Art Fair returns – and it’s bigger than ever before January 17, 2013 WHETHER YOU’RE a serious art connoisseur or have a more general interest, make sure to head down to the London Art Fair this weekend. In recent years it has struggled to compete with the likes of Frieze but if there was ever a time to visit, it’s now. This year’s event sees 100 leading British [...]
Deutsche man flown in to add profit to charity January 15, 2013 EX-DEUTSCHE chief Graham Hodgkin has taken a more literal than usual route to cementing his reputation as a City high-flyer – by becoming the new CEO of the London Air Ambulance. Hodgkin, formerly a managing director at Deutsche Bank, reckons he is well qualified for the newly-created role, having worked in investment banking for over [...]
Murdoch takes control of Sky Deutschland January 14, 2013 RUPERT Murdoch’s News Corp tightened its grip on Sky Deutschland yesterday, saying it would raise its stake in the German pay-TV company to 54.5 per cent from just under half, buying up €347m (£288.6m) of new stock in a capital increase. The move comes as media conglomerate News Corp separates its publishing and entertainment assets [...]
Support grows for Rothschild takeover plan January 10, 2013 STAR fund manager John Duffield has joined the growing ranks of Bumi shareholders backing Nat Rothschild’s bid to take control of the company. Duffield, who founded Jupiter Fund Management before setting up defunct investment house New Star Asset Management, is understood to have thrown his weight behind Rothschild’s plan to overhaul the mining company’s board, [...]
M&S’s board still backs Marc Bolland but its patience will not last forever January 9, 2013 THIS was no ordinary trading statement. If Marc Bolland, the Marks & Spencer chief executive, had sold an item from his womenswear ranges last autumn every time the retailer’s advertising slogan had been parroted back at him, he’d have wiped the floor with the rest of the high street. Last night’s hastily-released quarterly trading update [...]
Birds Eye boss to step down January 7, 2013 MARTIN Glenn, the boss of Iglo Group, which includes Birds Eye foods, is quitting after six years running the company. The chief executive will leave in the next few months, Sky reported last night, after leading the company through the recession and austerity. Birds Eye products have done well in straitened times, as cash-strapped consumers [...]
Shareholder Executive chief in line for Energy department job January 7, 2013 THE chief executive of Shareholder Executive, the organisation that oversees the government’s billons of pounds of shareholdings in companies including Royal Mail, is to quit after five years at the helm. Stephen Lovegrove, who has presided over key deals such as the government’s £4.4bn sale of British Energy to EDF, is to leave his role [...]