Two of the world's largest banks suspended, or put on leave, traders in London and New York yesterday as part of an investigation into alleged manipulation of the trillion-dollar currency market.
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Wednesday 23 June 2010
Asda is first in the queue for Wimbledon PR stunts, with tennis fans arriving at the tournament given free strawberries to sample. The supermarket points out that the fruit on its shelves retails at less than a fifth of the (traditionally exorbitant) prices at the tournament for a small punnet and a dollop of cream. You might have thought the largely well-heeled tennis fans pouring into SW19 would be customers of Waitrose or M&S – but that didn't stop them snaffling the freebies in record time. There were none left by the time Diary arrived.
Saturday 19 June 2010
EMI, the debt-laden music group, yesterday surprised the market with a shake up of its board just a week after it received a £105m bailout from its private equity owner that saved it from falling under the control of its bank.
Saturday 12 June 2010
Hello Guy Hands, the private equity investor, who founded Terra Firma in 2002 after a stellar career at Goldman Sachs and Nomura, where he made his fortune. And goodbye EMI, Terra Firma's most troublesome investment – if the private equity company doesn't come up with £105m by Monday, it will lose control of the music company, best known as the home of the Beatles.
My mother, my roommate: What happens when a 23-year-old woman has to share a tiny room – and even a bed – with her mother?
Thursday 10 June 2010
Tuesday 01 June 2010
Kingfisher, the home improvement retailer behind the B&Q chain, may surprise the market with news of better-than-feared quarterly trading this week.
Wednesday 19 May 2010
The view that builders, as opposed to builders' merchants, were a better play on the housing recovery boosted the likes of Taylor Wimpey as the wider market firmed up last night.
Tuesday 11 May 2010
Private equity group Terra Firma was last night locked in talks with investors to secure the funds it needs to avoid losing control of its music label EMI this week.
Friday 07 May 2010
Morrisons announced a dramatic slump in underlying sales growth for the first quarter of this year, blaming the slowdown on falling price inflation and weaker consumer spending.
Monday 26 April 2010
Though President Obama is having some success persuading America that climate change is a real and present danger, he still has work to do with some US businessmen. CBS News has just unearthed this posting on Twitter from Don Blankenship, the chief executive of Massey Energy, one of America's biggest mining companies. "Believe me yet? Global warming is a hoax and a Ponzi scheme", says the enlightened Mr Blankenship.
Wednesday 21 April 2010
Chief executive Vikram Pandit said yesterday that Citigroup has proved its doubters wrong and is now "positioned for growth".
Tuesday 20 April 2010
Thursday 15 April 2010
Intel Corporation, the US maker of computer chips, surprised the market as it almost quadrupled profits to record its best ever first- quarter financial performance.
Friday 09 April 2010
Thursday 08 April 2010
News of a rise in assets values lured the bulls into the hedge fund group Man, which claimed pole position on the FTSE 100 last night.
Tuesday 30 March 2010
The US government's $32bn stake in the banking giant Citigroup is back on the block and will be sold into the market over the course of this year, the Treasury Department declared yesterday.
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