Rolet plans to take LSE on the offensive September 24, 2009 THE LONDON Stock Exchange’s new chief executive Xavier Rolet yesterday said that he would consider acquisitions as part of an aggressive push to regain market share. Rolet, who was facing analysts for the first time since taking over the role in May, said that the LSE intended to be “offensive, not defensive” in the fight [...]
At 89, the champion of horse thrillers has finally slowed down September 23, 2009 EVEN MONEYBY DICK FRANCIS AND FELIX FRANCISMichael Joseph, £18.99 THE action opens at a racecourse – where else? Ned Talbot, an independent bookie, is at Royal Ascot drawing to the end of an unlucky day in which the punters keep winning. As with many Francis heroes, Ned’s feeling a bit weary with life. His wife [...]
Low energy sends Wall Street down September 21, 2009 THE DOW industrials and the S&P 500 index fell yesterday as a drop in oil and other commodity prices hurt energy and materials stocks. But the Nasdaq rose, buoyed by a broker’s upgrade in the biotechnology sector. Light crude futures fell more than 3 per cent, hurt by concerns about demand despite hopes for economic [...]
City Moves for 15 September 2009 | Who’s switching jobs September 14, 2009 White & CaseThe law firm has appointed London partner Oliver Brettle to its global executive committee. Brettle will retain his responsibilities as executive partner in the London office, which he has led for the past year. He replaces New York-based partner Dimitrios Drivas on the committee. Drivas is stepping down from the post to devote [...]
A busy week on the high street as retailers report September 13, 2009 It’s time to hit the high street this week, with a whole host of retailers updating the market. In keeping with that theme, the Office of National Statistics will tomorrow release the Retail Prices Index data for August, which is expected to show that prices fell 1.5 per cent year-on-year, compared to a decline of [...]
MBAs give you a flexibility that employers love September 9, 2009 IF there are people who doubt the value of an MBA, the Home Office isn’t one of them. A few years ago it introduced a points-based system for those wishing to immigrate to the UK. The receipt of a Nobel prize, Oscar or an Olympic medal gets you 25 points. If you have an MBA, [...]
Jaegar boss Tillman lands Aquascutum September 8, 2009 LUXURY trench coat brand Aquascutum yesterday returned to British ownership after fashion entrepreneur Harold Tillman and Jaegar chief executive Belinda Earl announced a deal to buy the firm. Tillman, famed for his turnaround of upmarket high street store Jaegar, has said he plans to expand Aquascutum in overseas markets. Tillman said: “There are markets where [...]
Channel Five owner posts a profit slump August 31, 2009 GERMANY’S Bertelsmann posted a 30 per cent drop in first-half operating profit due to a decline in advertising and consumer spending and said cost cuts had held off worse results. The owner of Channel Five parent company RTL Group, which reported results last week, and publisher Random House, implemented strict cost savings earlier in the [...]
The king of the home delivered pizza says timing is everything August 20, 2009 YOU can tell when a business is doing well, when despite the recession, its plans to open a new headquarters five times the size of its existing base are still on track. That is the happy position Chris Moore, the chief executive of delivery chain Domino’s Pizza, finds himself in. His new 100,000 sq ft [...]
Time is right for Broadgate stake sale August 18, 2009 NOTHING symbolised the post Big Bang world in the City more than the development of the Broadgate complex near Liverpool Street and Moorgate in the 1980s. The ice rink and the gleaming buildings fitted out for the likes of Shearson Lehman and SGWarburg were the focal point for the new City, before even the first [...]