WHAT THE OTHER PAPERS SAY THIS MORNING December 15, 2009 FINANCIAL TIMES MYNERS TO BOOST PROTECTION OF BANK CLIENTS PLANS to increase protection for clients and counterparties of failing investment banks will be unveiled by the Treasury today in an effort to prevent a repeat of the legal wrangling around the collapsed Lehman Brothers. The move is aimed at ensuring an orderly wind-down of investment [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 17, 2009 FINANCIAL TIMES BARCLAYS RETAIL CHIEF WARNS NEW ENTRANTSThe new head of global retail banking at Barclays has joined the backlash of traditional bankers against the entry into banking of supermarkets and other consumer companies. Antony Jenkins said the new competitors may be under-estimating the difficulties of breaking into the market. APOLLO SETS SIGHTS ON NYSE [...]
Former Chelsea chief Peter Kenyon to join Beckham talent management firm November 9, 2009 PETER Kenyon, the former chief executive of Chelsea Football Club, has joined one of the world’s biggest talent management firms, Creative Artists Agency (CAA), to boost its work in sports. Kenyon, 55, who left Chelsea last month after five years and also previously led Manchester United, said the agency had established itself as a “leader” [...]
Wolfson says profit hit by iPhone loss October 5, 2009 SHARES in Wolfson Microelectronics fell yesterday after the chipmaker issued a profit warning, blaming its failure to get the contract for the new iPhone for a slump in orders. Wolfson, which makes components for Samsung and Apple products, said that orders for the fourth quarter of 2009 would be worse that expected, and that backlogs [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 23, 2009 FINANCIAL TIMES SIEMENS IN BRIBERY ULTIMATUMSiemens yesterday told several former executive board members, including former chief executives Heinrich von Pierer and Klaus Kleinfeld, to agree to pay damages relating to a multibillion euro bribery scandal. The firm, Europe’s largest engineering group, said seven former managers would face legal action if they failed to show willingness [...]
Blues chief exec Kenyon to leave role next month September 16, 2009 CHELSEA chief executive Peter Kenyon will leave his full-time role at the end of October, after six years at the forefront of the most successful spell in the club’s history. The Blues said yesterday that Kenyon, 55, would retain a role as non-executive director and continue to represent the Premier League leaders on European committees. [...]
Japanese tech giants hit by Korean competition July 30, 2009 SONY and Sharp’s third straight quarters of losses underscore the challenges they face in flat-panel TV market as they struggle to compete with Samsung Electronics and other South Korean rivals benefiting from a weaker won. And Nintendo reported a sharp fall in quarterly profit as sales of its Wii game console lost some steam and [...]
US enjoys positive company reports July 30, 2009 US STOCKS rose yesterday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500’s two days of losses. The market’s rally pushed the benchmark S&P 500 index earlier in the session to its highest intraday level in almost nine [...]
Nokia cuts its profit forecast July 16, 2009 THE world’s top mobile phone maker Nokia yesterday cut its forecast for second half profit and 2009 market share, sending its shares sharply lower. Nokia, which is facing tough competition from the likes of Apple, Samsung and RIM, scaled back its second-half underlying operating profit margin forecast for its key phone unit to the first-half [...]
Demand for flatscreen TVs pushes LG to profit July 16, 2009 SOUTH Korea’s LG Display returned to profit after two quarters of losses, spurred by robust demand for flat-screen TVs that is expected to power the industry through most of the year. The LCD sector, one of the few bright spots in the weak global technology sector, is benefiting from the popularity of liquid crystal display [...]