CITY MOVES WHO’S SWITCHING JOBS July 13, 2009 RBC Capital MarketsRBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, yesterday announced the appointment of Dr John Roberts as non-executive chairman of Royal Bank of Canada Europe Ltd (RBCEL), the main European subsidiary of RBC, headquartered in London. Roberts has been with RBC since September 2005, when he joined [...]
The food was lovely, it was just a shame about everything else July 13, 2009 MURANO20 QUEEN STREET,LONDON, W1J 5PRT: 020 7592 1222murano@gordonramsay.comFOOD SERVICE ATMOSPHERE Cost per person without wine: £25 (set menu) WHEN Murano opened in 2008 it was greeted with trumpets and fanfare. It was the latest in Gordon Ramsay’s empire, and the food was by Angela Hartnett, one of the few women at the top of the [...]
CITY MOVES Who’s switching jobs July 7, 2009 Palamon Capital PartnersThe mid-market private equity firm has appointed Dr Richard Wolman to its now 13-strong board of advisers. Wolman is a consultant in human resource development with a particular focus on investment firms, trading houses and management consultancies. Since 2008, he has been working with Palamon on internal development strategies and assisting its investment [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 5, 2009 THE SUNDAYSThe Sunday TelegraphPRU ENSURES CHANGES TO CAZENOVE RESEARCHJP Morgan Cazenove has rewritten a piece of research about Prudential that initially made a string of adverse comments about the insurer’s accounting procedures. The research note is understood to have made disparaging remarks about reporting decisions taken by Tidjane Thiam, set to take over as chief [...]
STANLEY FINK TO BRING ARK GALA DINNER GLITZ OUT OF HEDGIE SHELL July 5, 2009 WHAT a coup for former Man group boss Stanley Fink at the weekend, as he stepped into hedgie philanthropist Arki Busson’s shoes as the chairman of children’s charity Absolute Return for Kids (ARK). Busson is best known for his engagement to actress Uma Thurman and his hefty contribution to the hedge fund social circuit with [...]
Hell’s kitchen for Ramsay’s restaurants July 2, 2009 CELEBRITY chef Gordon Ramsay has found himself in hot water after his UK restaurants suffered a near 90 per cent drop in profits, forcing the foul-mouthed chef to pump his own money into the business. Gordon Ramsay Holdings filed accounts showing that the TV chef and Chris Hutcheson, his father-in-law and business partner, were forced [...]
Postal staff set to walk out as Royal Mail fails to deliver July 2, 2009 ROYAL MAIL yesterday condemned plans by London’s postal workers to strike over job cuts and modernisation next week, causing further chaos for Royal Mail. A Royal Mail spokesman said: “Customers will not understand how the union can claim to support modernisation but then announce strike action to halt existing efforts to modernise Royal Mail in [...]
London markets sag in the heat but Diageo refreshes July 2, 2009 THE FTSE 100 closed 2.5 per cent lower yesterday, with market sentiment hit by data showing US employers cut more jobs than expected in June and unemployment in Europe hit a 10-year high. The index ended down 106.44 points at 4,234.27 after closing 2.2 per cent higher on Wednesday, the first day of the new [...]
Sustainable living finally comes of age July 2, 2009 A PROPERTY developer called Morpheus recently revamped three super-luxury homes on Clareville Street in South Kensington, complete with all mod-cons. Even in this climate, they sold within days of going on the market in June, at an average price of £5m. A pretty normal story for the top end of London’s property market. But what [...]
Titan Clifford Chance loses its lead spot July 1, 2009 CLIFFORD Chance was yesterday knocked off the top spot as the world’s biggest law firm after revealing a 37 per cent plunge in full year profits. Average partner earnings at the London-based firm slumped from £1.16m in 2007-08 to £733,000 over the 12 months to 30 April as its key banking and corporate clients struggled [...]