What the other papers say this morning September 30, 2012 FINANCIAL TIMES News Corp boosts compliance teams News Corp has hired a senior official from the Securities and Exchange Commission and an ex federal prosecutor to lead new compliance units, part of an internal shake-up at the company following the phone-hacking scandal. Gerson Zweifach, the firm’s chief compliance officer, created the framework and will announce [...]
Ex bank lobby chief: Link pay to performance September 30, 2012 BANKERS’ high pay was not always earned, former industry spokesperson Angela Knight claimed yesterday in her first big interview since leaving the British Bankers’ Association (BBA). She defended the industry through the financial crisis, but has now believe “tough questions need to be asked” about remuneration packages. “I have always favoured big pay for big [...]
London agents see a surge in security September 27, 2012 South End, Kensington Guide Price: £15.95m This Fort Knox house includes two panic rooms with four inch bulletproof doors, a steel gun-safe for 24 firearms, an eight-inch steel vault and two separate CCTV systems. I pity anyone unwelcome who tries to get into this house. Contact Knight Frank on knightfrank.co.uk or 020 7938 4311 Balfour [...]
Focus on: Belgravia September 27, 2012 Belgravia is at the heart of central London. Located in the City of Westminster and the Royal borough of Kensington and Chelsea, Belgravia has become one of the most coveted addresses in London. Situated close to Knightsbridge and Chelsea, with the best upmarket boutiques, restaurants and schools on its doorstep, Belgravia has everything to offer [...]
Glencore pares back purchase ambitions for miner Kazzinc September 25, 2012 GLENCORE has trimmed its plans for an increased stake in zinc producer Kazzinc, as it said yesterday it would acquire an extra 18.91 per cent of the firm from Verny Capital. The commodities giant, which already owns 50.7 per cent of Kazakhstan-focused Kazzinc, was originally targeting an acquisition of up to 48.73 per cent from [...]
Quintain deputy chief executive steps down to start up new firm September 25, 2012 QUINTAIN announced yesterday that its deputy chief executive Becky Worthington is to step down after 14 years with the developer to set up her own firm. Worthington – Quintain’s finance director until her promotion in May – will leave the company on 31 October. Some of her duties will go to Richard Stearn, who was [...]
Xstrata wants reassurance on management September 25, 2012 THE BOARD of Xstrata is looking for reassurance from Glencore that the billed “merger of equals” does not become a takeover after Xstrata chief Mick Davis steps down, according to a source with knowledge of the situation. Discussions surrounding the merger are currently focused on management succession after Davis departs and the retention of key [...]
Knight Frank says best London property thriving despite dip September 23, 2012 PRIME property in central London hit a new record high in September, according to estate agent Knight Frank, as it continued its robust recovery from the post-financial crisis slump. Prices grew 10 per cent in the last 12 months, the firm said today, pushing the index to a point some 51 per cent higher than [...]
Mentors are vital for entrepreneurs September 23, 2012 AT THE recent Made entrepreneur festival in Sheffield, business and enterprise minister Michael Fallon announced that the Mentorsme online portal – which connects mentors and mentees – has over 22,000 accessible mentors. That’s an awful lot of knowledge on tap. Setting up a business involves serious trials and tribulations. So speaking with someone who has [...]
Jefferies earnings boosted by bank’s stake in Knight Capital September 20, 2012 JEFFERIES Group reported higher-than-expected quarterly profit yesterday, with the investment bank’s stake in Knight Capital Group boosting earnings and trading revenue. Jefferies acquired a 22.8 per cent stake in Knight Capital last month as part of a rescue plan after the market-making firm suffered a trading loss of $440m (£271.6m) due to a software glitch. [...]