Jet makers were yesterday fighting to show what lucrative contracts they are close to securing at the Paris Air Show, and punters flew in to BAE Systems on hopes it is close to agreeing long-awaited Middle Eastern deals.
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Struggling Man Group hires KPMG to review its governance
Sunday 10 February 2013
Man Group, the troubled hedge fund that started life supplying rum to the Royal Navy in the 1780s, has asked KPMG to sort out its governance after a shareholder revolt last year.
Banker who jumped from rooftop London restaurant was under 'enormous amount of pressure' in his job
Friday 11 January 2013
A banker jumped to his death from a rooftop London restaurant after coming under “an enormous amount of pressure” in his job, an inquest heard today.
Banks pitch for broker role with North Sea oil explorer Cairn Energy
Sunday 09 December 2012
Goldman Sachs and JP Morgan are among the big names pitching for a key advisory role with Cairn Energy, the Edinburgh-based group that explores for oil from the North Sea to Kathmandu.
BT in £64m offer for Tikit
Thursday 15 November 2012
BT has agreed to pay £64.2m for Tikit, an IT group that mainly works with law and accountancy firms.
Market Report: Miner Talvivaara is in a hole over debt
Thursday 15 November 2012
Although Talvivaara has plugged the leak in its nickel mine, it now might need to plug a gap in its finances. The miner's shares sank more than 30 per cent when it revealed the leak in a gypsum pond at its mine at Sotkamo in eastern Finland on 4 November. Production was halted and the likely financial impact to correct the damage to the environment caused investors to bail out.
Market Report: Vedanta dives after Cairn India boss exit
Thursday 09 August 2012
Investors in Vedanta Resources were bidding farewell to the boss of a major unit yesterday. Eight months since the miner took control of Cairn India in a deal worth $8.7bn (£5.6bn), the Square Mile was in for a shock after the well-regarded boss of the oil and gas company announced he was resigning.
Bank of America back on track after cost cuts
Thursday 19 July 2012
Bank of America, the US financial giant that twice had to be bailed out by American taxpayers, yesterday claimed it was firmly back on the road to health, thanks to several rounds of vicious cost-cutting by Brian Moynihan, its chief executive.
Sheditecture: designer gardens make their mark at Chelsea
Wednesday 23 May 2012
People really are going to work in the garden. This year’s Chelsea Flower Show not only inspired gardeners, it inspired homeworkers too
Market Report: Man's fall towards Footsie relegation is halted
Saturday 21 April 2012
Fans of Man Group have been rather conspicuous by their absence recently. The hedge fund giant has suffered a dramatic fall from grace, with the stock losing a third of its value in a month, meaning its share price is now three-quarters lower than in 2009.
Biggest scalp in purge and the other culprits
Wednesday 04 April 2012
Ian Hannam is by far the Financial Services Authority's biggest scalp in the recent flurry of prosecutions on disclosing inside information.
Morrisons 'unlikely' to hit profit forecasts for this year
Sunday 04 March 2012
Morrisons will unveil an expansion of its fledgling convenience stores and online non-food lines on Thursday when it posts a rise in full-year underlying profits.
The phone call which nailed an insider trader
Friday 17 February 2012
Broker in Punch Taverns insider trading storm to accept fine
Sunday 12 February 2012
The broker at the centre of the Greenlight Capital insider trading scandal will not fight his £350,000 fine despite clients and rivals agreeing that he did little wrong.
Spotlight on: Brian Moynihan, chief executive, Bank of America
Friday 20 January 2012
Ooh, that's a tough job
It sure is. BofA is the definitely the shakiest of the big US banks, having never pulled itself free of the credit crisis. But Mr Moynihan is used to dealing with a few bruises. Earlier in his career he would regularly come to the office all beaten up from a rugby game the night before.
- 1 Is the Muslim call to prayer really such a menace?
- 2 Channel 4 to 'provoke' viewers who associate Islam with terrorism with live call to prayer during Ramadan
- 3 US army doctor returns arm to Vietnamese soldier fifty years after he took it as a souvenir
- 4 Police seize possessions of rough sleepers in crackdown on homelessness
- 5 Demand for food banks has nothing to do with benefits squeeze, says Work minister Lord Freud
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