CITY MOVES | WHO’S SWITCHING JOBS April 7, 2010 Nomura The Japanese investment bank has appointed Mikael Dahl as co-head of its Nordic investment banking team, based in London. Dahl was previously a partner at EQT Partners and brings with him over 20 years of investment banking experience. He previously worked at Citigroup/Salomon Brothers from 1994 to 2008, latterly as European co-head of the [...]
Kraft slammed over Cadbury April 5, 2010 THE Business Select committee will today question whether UK takeover laws should be tightened in the light of Kraft’s acquisition of Cadbury. It is expected to criticise the power short-term stakeholders, including hedge funds, can wield over a company’s future. Committee chairman Peter Luff told City A.M.: “I think we need to look seriously at future [...]
Tesco reveals banking target April 5, 2010 TESCO announced over the weekednd its ambitions to create a full service retail bank as part of plans to make up 10 per cent of the UK’s financial services market within the next ten years. The supermarket’s credit card and motor insurance businesses already makes up 10 and 4 per cent of their respective markets [...]
Cricket mourns the death of legend Sir Alec Bedser April 5, 2010 TRIBUTES flooded in yesterday for Surrey and England bowling legend Sir Alec Bedser, who died after a short illness on Sunday night at the age of 91. Bedser took 236 wickets in 51 Tests over 10 years before spending a record 23 years as an England selector. Having led Surrey to eight County Championships as [...]
City: MPs’ call for reform to banks is behind curve March 29, 2010 THE City accused politicians of remaining stuck in the “hysterical” phase of reaction to the financial crisis yesterday after MPs called for radical reform of the banking system. The Treasury Select Committee urged the government not to rule out breaking up systemically important banks, arguing the debate should be kept “as wide as possible” to protect [...]
Platini welcomes Labour plans to boost fan power March 29, 2010 EUROPEAN chief Michel Platini has thrown his support behind Labour proposals to give fans greater rights to own stakes in their clubs. Under plans set be included in the government’s manifesto for this year’s election, clubs could be forced to hand up to 25 per cent of shares to supporters. Fans would be given first [...]
City hits out at new loan cop March 25, 2010 BANKS have slammed government plans for a credit adjudication service to force them to lend more money to businesses, describing the idea as “just another layer of bureaucracy”. Alistair Darling used Wednesday’s Budget to announce the creation of a watchdog which would be able to intervene when a company felt it had been unfairly refused [...]
Beat the blues with a slice of Caribbean sun March 25, 2010 WINTER is finally over, and the sun has been reminding us all of its existence in the past week or so. If you are already thinking ahead to next year and wondering how you will get through another few months of darkness and “snow days”, there’s a solution: buy a home in the Caribbean. Barbados [...]
Going underground to extend your home March 25, 2010 IT seems we Britons are spending more and more time down under – in our basements, that is. No longer storerooms for junk, these subterranean spaces are increasingly becoming part of our homes, and their uses increasingly varied, with owners busy moulding cinema rooms, saunas, gyms, even golf simulator rooms. And that’s just in your [...]
2010 is the year of the big move to the country March 25, 2010 MANY who earn their crust in London dream of living in the country, and there are good reasons to make 2010 the year to make the move. While the property markets in the desirable parts of London have now fully recovered, with prices similar to those achieved in the 2007 peak, the same isn’t true [...]