Rolls-Royce to appoint former McKinsey boss as new chairman February 13, 2013 ROLLS-ROYCE will today unveil ex-McKinsey boss Ian Davis as its new chairman, replacing Sir Simon Robertson who will leave the business after eight years. The announcement will be made alongside today’s year-end results which are expected to show the engineering giant made bumper profits in 2012, according to Sky News. Davis spent 31 years with [...]
Charming Carney wins hearts February 7, 2013 GOLDMAN Sachs bankers don’t often get a warm welcome from Labour MPs. Nor do public sector staff earning the best part of £1m. Lauded as the greatest central banker of his generation – and, as it happens, the best looking – Mark Carney was surely in for a hard bump back to earth. “Quarter of [...]
Barclays’ investment bankers wait to hear their fate February 7, 2013 When Barclays chief executive Antony Jenkins speaks about shredding Bob Diamond’s legacy, as he did the other day, many of his group’s rivals are hoping he is talking about doing away with an actual part of the bank, rather than a cultural construct. For the growth of Barclays’ investment bank has been one of the [...]
Scrap January window, says Hammers captain February 7, 2013 WEST HAM captain Kevin Nolan has called for the January transfer window to be scrapped, insisting no one in football is in favour of it any more. His comments come after Queens Park Rangers manager Harry Redknapp complained of “gang warfare” among agents trying to muscle in on each other’s transactions as last week’s deadline [...]
Cavendish closes in on maiden title since ditching Team Sky February 7, 2013 BRITAIN’S Mark Cavendish is poised to clinch his first title with new team Omega Pharma-QuickStep today after winning a third stage in a row on cycling’s Tour of Qatar. Cavendish produced a trademark sprint finish to win yesterday’s fifth stage and extend his lead over American Brent Bookwalter to 15 seconds. The Isle of Man [...]
New owners of Virgin Media to avoid TV war February 6, 2013 VIRGIN Media’s new owners yesterday pledged business would continue as usual, despite the telecoms firm’s chief executive announcing he would step down. After signing a $23.3bn (£14.9bn) agreement to buy the company, bosses at Liberty Global played down suggestions of massive investments in TV rights that would heighten Virgin Media’s competition with Rupert Murdoch’s BSkyB. [...]
Results that show why Malone made his move February 6, 2013 ANOTHER day older and deeper in debt: that’s Virgin Media, with its new soon-to-be-owner Liberty Global announcing a plan to add $3bn (£1.9bn) to its existing £5.723bn net debt pile. Overall, however, the deal makes a great deal of sense for the UK’s quadruple-play specialist, as I discussed yesterday. An understandable interest in the nuts [...]
Football broker Harris lining up rival bid for stricken Portsmouth February 6, 2013 CITY financier and leading football deal-broker Keith Harris last night emerged as the face of a possible rival bid for embattled League One club Portsmouth. The south coast side, who are £60m in debt, had been expected to be sold to the Portsmouth Supporters’ Trust (PST), who were appointed preferred bidders by administrators PKF in [...]
I was right to quit Sky, says Cav February 6, 2013 CYCLING: Britain’s Mark Cavendish says his instant success at new team Omega Pharma-QuickStep has justified his decision to quit Team Sky. Cavendish took the overall lead in the Tour of Qatar yesterday with his second successive stage win – his third in a month with his new outfit. “I am really, really happy here right [...]
Malone restarts decade-long Murdoch feud February 5, 2013 LIBERTY Global’s interest in Virgin Media, announced yesterday, has reignited a rivalry between tycoons Rupert Murdoch and John Malone which dates back a decade. Buying Virgin Media will put Malone in direct competition with BSkyB, which Murdoch’s News Corp owns 39 per cent of. The two firms are battling for control of the growing pay-TV [...]