Wednesday, 22 December 2010
Tuesday, 21 December 2010
Monday, 20 December 2010
Tuesday, 14 December 2010
Monday, 13 December 2010
Saturday, 11 December 2010
Wednesday, 8 December 2010
Tuesday, 7 December 2010
Monday, 6 December 2010
Murray has been hired to fill the shoes of the recently departed Stephen Whitehead. Some say the men are in some ways similar.
The new man, a titan of a journalist during his career at the Express, is just what the Pru needs. Of course, like all the best journalists he has been in public relations for some time.
Murrary's last job was at the FSA, where he led the PR department through the financial crisis.
The regulator did not put a single foot wrong during this period - which is no doubt a considerable comfort for the insurer as it battles to restore its reputation in the wake of the botched $35 billion bid for AIA.
Tuesday, 30 November 2010
Monday, 29 November 2010
Thursday, 25 November 2010
Tuesday, 23 November 2010
Monday, 22 November 2010
Thursday, 18 November 2010
Tuesday, 16 November 2010
Monday, 15 November 2010
Wednesday, 10 November 2010
Monday, 8 November 2010
Thursday, 4 November 2010
Tuesday, 2 November 2010
Monday, 1 November 2010
Instead, the company always claimed to be a technology platform, which high street bookies say allows Betfair to pay "around three times less in tax and levy than traditional UK bookmakers".
Their lobbyists have all noticed this cock-up and are anxiously exploring ways to convert this open goal into a taxation victory. In fact, William Hill has just put out a press release on the Yu interview. It's title? "Betfair's Identity Crisis - just who are Yu, David?"
Thursday, 28 October 2010
Monday, 25 October 2010
Wednesday, 20 October 2010
Tuesday, 19 October 2010
Monday, 18 October 2010
Thursday, 14 October 2010
Monday, 11 October 2010
Wednesday, 6 October 2010
Tuesday, 5 October 2010
My old friend, comb-over king Donald Trump, says he's considering running for President after some poll was apparently conducted in New Hampshire testing out his name.
My bet is this is a publicity stunt for some television show or new business, but I'm half hoping it's real - it will be an absolute hoot!
As I occasionally enjoy pointing out, the Donald's views on the Italians and Chinese are somewhat uncompromising (so foreign policy should be interesting), while I particularly look forward to him courting the female vote, where he's shown some form before.
In January last year after the death of John Travolta and Kelly Preston's son, Jett, Trump paid tribute to the family by blogging how he once tried to bed the mother of the dead boy.
"My track record on this subject has always been outstanding, but Kelly wouldn’t give me the time of day," he movingly recalled at the time. Can the Donald really be the Republicans' Trump card?
Monday, 4 October 2010
Friday, 1 October 2010
"We have a weather expert able to comment/predict on the weather," it begins as play in Wales is interrupted by torrential rain. "Dr Liz Bentley is one of the world’s leading weather experts. Former Chief Instructor of Forecasting at the Met Office College, she is the ultimate weather woman and climate change forecaster. Liz was BBC Weather Centre Manager before taking up the post of Head of Communications at the Royal Meteorological Society, when she founded the public membership organisation theWeather Club, in 2010, to promote an appreciation and understanding of the weather to people from all walks of life."
All very impressive. Just one question. If she's so good, why wasn't the plug sent yesterday?
Thursday, 30 September 2010
Tuesday, 28 September 2010
Monday, 27 September 2010
Thursday, 23 September 2010
Monday, 20 September 2010
Thursday, 16 September 2010
Tuesday, 14 September 2010
Monday, 13 September 2010
Wednesday, 8 September 2010
Tuesday, 7 September 2010
Monday, 6 September 2010
Friday, 3 September 2010
Tuesday, 31 August 2010
These loans are common enough in the City as an alternative bonus payment and are “forgivable” in the sense that if you work for a company for an agreed period, then they get written off. If you want to leave before you’ve served your time, however, then you have to repay the lot, and the loans are seen by many as a cunning, even draconian, method of staff retention. Cantor, which is led by Howard Lutnick (above) has the reputation of being more attached to this tactic than most.
Still, court documents show that Koskas did trouser the cash, handed in his notice before working the agreed three-year period, and has so far failed to repay his former employer. His defence revolves around restraint of trade and technicalities regarding his February resignation.
Chris McGrath, the lawyer defending Koskas and a longstanding adversary of Cantor, declines to comment on the case - as does the broker itself. So I’ll take a wild punt and guess that this case will end up being settled, adding more weight to the oft-used line about legal departments at broking firms: they are profit centres.
WHAT news of Andrew Greystoke, the Atlantic Law founder and solicitor who was banned for life from the City in May for his role in assisting share pedlars to rip off at least 130 people in a “boiler-room” scam?
That punishment from the FSA also prompted the Solicitors Regulation Authority to institute disciplinary proceedings against him - but the body seems to be taking its time as Greystoke (right) is still listed as a solicitor. He’s also quietly changed the name of his firm to Stanwick & Bond (although it’s yet to be registered with the Law Society).
“Andrew Greystoke is not back in the office until next week,” blocks one Julian at S&B - who refuses to reveal his own surname. “We are not at liberty to discuss with you when we changed our name”.
Still, despite not taking any action thus far, the SRA insists: “We have him in our sights.”
GREYSTOKE was also once a director and major shareholder in First London Securities, the defunct investment bank that attracted attention last year due to its links with a convicted insurance fraudster and its role in the short-lived takeover of Notts County, the Football League’s oldest team.
The bank also boasted former Conservative environment minister Tim Yeo and Nicholas Chance, Prince Michael of Kent’s private secretary, as directors, while a former shareholder was one-time Jersey bankrupt Kevin Leech.
Leech, I note, has just resigned from the board of Devilfish, a listed poker group, on the grounds of ill-health. I’m told the 67-year-old is suffering from high blood pressure, which has prompted doctors to instruct him to retire. Associates are sceptical that the old rascal will obey the orders for long, however.
THE return of Polly Peck boss Asil Nadir just about gives me enough of an excuse to retell a witty observation about the old fugitive. David Stoddart, highly regarded retail analyst at finnCap, and former Polly Peck worker, once recalled: “It was the only company I’ve ever been at where the fixtures and fittings appreciated.”
PROPERTY industry aficionados will know that O’Callaghan Properties scooped £48m last week by selling 20 Grafton Street to a “private German investor”, in one of the priciest office deals in the West End this year. So who was the mysterious buyer?
Step forward Baron August von Finck Jnr, one of Germany’s richest men. Forbes estimates he is worth £5bn. His family trust has interests in property around Munich, a shareholding in hotel group Mövenpick, and stakes in fast-food chains. Still, much of the wealth originates from great-grandfather Wilhelm von Finck, who founded insurance giant Allianz and private bank Merck Finck & Co.
The bank was then expanded by Baron August von Finck Snr - a controversial figure as a leading Nazi supporter and one of a group of industrialists who met Hitler in 1931 and promised financial support in the event of a successful putsch against the Weimar Republic.
Von Finck Jnr (above) sold Merck Finck to Barclays in the 1990s. Isn’t life grand?
COMB-OVER king Donald Trump does not like the Chinese at all. He blogs: “From the gymnasts caught cheating at the Olympics to the singer caught lip-synching on international television, I don’t have the highest esteem for their ethics. It’s all a charade. I also don’t like the fact that we look like fools. I know for a fact they laugh at the stupidity of our leaders, and for good reason. They can’t believe they’re getting away with what they’re getting away with and we’re allowing it.”
Simultaneously, bosses at Aberdeen Airport say they are in talks with Chinese airlines about new services to the Granite City. Their big selling point? The new £750m Balmedie golf resort being built by, er, Donald Trump.
FOLLOWING my story that Red Molotov, the T-shirt firm, was selling designs featuring the BBC’s Robert Peston (below) comes another business-inspired garment.
The craggy features of Duncan Bannatyne, star of the BBC’s Dragons’ Den, can now be enjoyed by T-shirt wearers. The marketing bumf reads: “Everyone’s favourite Dragon. Well, apart from Peter Jones maybe. And that James Caan seems a nice bloke. Deborah Meaden frankly scares us though.” The shirt itself reads: “I don’t like the product, I don’t think it would sell, it’s not a viable business, and I’m not so keen on you ... and ... I’M OUT!” I’m sure it’s ironic.
HAS Gordon Gekko gone out to lunch at last? The initial online reviews for Money Never Sleeps, the soon-to-be-released sequel to Oliver Stone’s Wall Street, starring Carey Mulligan and Shia LaBeouf beside Michael Douglas (above), have been pretty positive. But might the studio be controlling things a little? My man at an early viewing reckons Gordon Gekko’s latest showcase has “lost its edge”, with many “punch lines coming from the old film”. Who’d have thought it?
Friday, 27 August 2010
Tuesday, 24 August 2010
Former Sunday Telegraph City Ed turned City spinner, Neil Bennett, has had a run in with a team of rozzers, I am delighted to report. On his Facebook page, Bennett writes: “I am shocked to announce I have had a brush with the law, a drugs bust no less. Shocker. It was at Redhill station where I got off the train bursting for the loo. As I searched I was collared by a plain clothes copper. Apparently I had avoided a police check and needed to be frisked for crack. There were at least a dozen coppers in this ridiculous exercise - do they really have nothing better to do”