CITY MOVES | WHO’S SWITCHING JOBS June 11, 2012 Bellzone Mining The resource development company has appointed Glenn Baldwin as its next chief executive, effective 3 September. He joins from Consolidated Minerals, where he has been chief executive since September 2010, and replaces Nik Zuks. Baldwin has previously held senior roles at Gold Fields, Ivanhoe Nickel and Platinum, Southern Era Diamonds and Anglo American. [...]
LONDON REPORT June 10, 2012 THE week starts with a quarterly trading statement from grocer Tesco, which is expected to report a fall in earnings because of tough economic conditions and fierce competition. Tomorrow will see the release of the UK’s latest industrial production and manufacturing data, plus a speech from Paul Tucker, deputy governor of the Bank of England. [...]
BlackBerry maker hires banks to explore options May 29, 2012 Troubled technology firm Research in Motion (RIM) opened the door to a sale or break-up yesterday after appointing bankers to help carry out a review. The struggling BlackBerry maker has hired JP Morgan and Royal Bank of Canada as it said it could post a first quarter operating loss. The bankers have been asked to [...]
Jaguar Land Rover roars to record profits May 29, 2012 THE RECOVERY in Britain’s car industry accelerated yesterday when Jaguar Land Rover posted record annual profits of £1.51bn. The group sold 314,433 vehicles in the 12 months to 31 March, its highest ever figure and up by 29.1 per cent. Indian parent company Tata Motors also said it would increase investment in the firm to £2bn [...]
CITY MOVES | WHO’S SWITCHING JOBS May 29, 2012 Hermes Fund Managers Saker Nusseibeh has been appointed chief executive of the fund manager. He joined Hermes in 2009 as main board director and head of investment. He has also held senior roles at Trust Company of the West, Societe Generale Asset Management, and latterly Fortis Investments. Nikko Asset Management The Asia-focused asset management firm [...]
Atkins showcases British design talent in support of London 2012 May 29, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 58 DAYS TO GO Atkins UK’s boss explains why it’s the Games’s engineering design consultant Q What was your brand’s primary reason for being involved with the Games? A It’s a superb platform for the company, our staff, our supply chain and the other companies and customers we [...]
CITY MOVES | WHO’S SWITCHING JOBS May 28, 2012 DC Advisory Partners The corporate finance advisory firm has appointed Jack Dessay as an executive director in its technology, media and telecommunications team. He joins from Deutsche Bank, where has worked for the past six years. Dessay has also held senior posts at Citigroup, working from its New York and London offices. KPMG Charlie Patrick [...]
Tokyo is vast, fast and very interesting May 27, 2012 IT was about 7AM and the sun from my windows was beginning to wake me up. With my room on the 35th floor of a tower in the business district of Tokyo, the view of the endless city was so intense that drawing my curtains – even while I slept – seemed a waste. I [...]
Mothercare to slash prices to boost UK sales May 24, 2012 MOTHERCARE revealed the details of an ambitious three-year plan aimed at reviving its struggling UK business yesterday, as the baby products retailer slumped to a £103m loss. Shares rose more than 23 per cent after Simon Calver, who joined in April from online movie rental firm Lovefilm, pledged to be “ruthless” on costs and bring [...]
Mike Lynch to leave HP amid 27,000 job cuts May 23, 2012 HEWLETT-Packard yesterday unveiled a restructure which will see Autonomy founder Mike Lynch leave the company and 27,000 employees lose their jobs. British entrepreneur Mike Lynch, dubbed the British Bill Gates, is a founder of tech company Autonomy, which was bought by HP in August for £6.2bn. At the time it was the UK’s most valuable [...]