Standard Chartered has unveiled sweeping changes in its boardroom following reports of discord at the top of the FTSE 100 bank.
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Sunday 01 August 2010
Sunday 01 August 2010
Thursday 29 July 2010
The row at Tomkins rages on, with shareholder Standard Life furious that the company's chairman David Newlands is recommending a takeover offer from Canadian private equity concerns at a price it regards as too low. The fact that Mr Newlands is a former Standard Life executive gives the argument extra spice. And now we hear that during his time at the insurer, there wasn't much love lost between him and Gerry Grimstone, Standard Life's chairman. This one looks set to run and run.
Saturday 17 July 2010
Who's that meant to be?
If only we knew. Two months after becoming Prime Minister, David Cameron still hasn't filled the job.
Monday 12 July 2010
The Kent Reliance Building Society is set to sign a £50m deal with the private equity investor JC Flowers to create a new building society consolidation vehicle as soon as tomorrow. The deal will see the creation of a new holding company 51 per cent owned by Kent and 49 per cent owned by JC Flowers.
Sunday 11 July 2010
As the only other home-grown Liverpool captain to lift the European Cup, Phil Thompson has more than an inkling about how Steven Gerrard is feeling today.
Sunday 11 July 2010
Standard Chartered, the bank leading the $10bn-plus sale of assets in BP, is believed to be behind a $5.25bn (£3.5bn) standby account to protect the crisis-stricken oil giant.
Friday 09 July 2010
Friday 02 July 2010
Yet another harsh lesson in the perils of returning to the office after a night out: a female member of staff at Barclays Capital is off work after sending a late-night email to hundreds of colleagues accusing one of them of "sleeping his way around all of the secretaries". The email, which naturally ended up on the internet, even accused the chap in question of giving a friend a sexually transmitted disease.
Monday 28 June 2010
The market is expecting positive news on both sides of the Atlantic from Taylor Wimpey today. The housebuilder is due to post a trading statement this morning, and Numis expects it to remain on track to meet full-year expectations. In the UK, the broker is anticipating news of strong forward sales and improved pricing. In the US, Numis says Taylor Wimpey should be making progress, with margins likely to be improving, but volumes expected to be hit by lower site numbers.
Sunday 27 June 2010
Thursday 24 June 2010
Britain's banks have emerged as major beneficiaries of the Budget, with the City warning that the coalition Government's proposed levy will fail to reach its target of generating £2bn revenues a year.
Monday 31 May 2010
Standard Chartered, the emerging markets bank, yesterday raised $530m (£366m) from a share sale in India. The bank is listed in the UK but makes about 75 per cent of of its profits in Asia.
Friday 28 May 2010
A missive arrives from a body calling itself the Stansted Airport Consultative Committee urging the new Government to press ahead with the break-up of BAA at its earliest opportunity – specifically to force the airports operator to sell off Stansted as soon as possible. SACC's website describes it as an independent body that represents users of the airport. By an odd coincidence, it shares a public relations consultant with Ryanair, the Irish no-frills airline that is BAA's harshest critic.
Wednesday 26 May 2010
Standard Chartered's India share sale to raise up to $580m (£404m) got off to a slow start yesterday, with roughly 5 per cent subscribed on its first day, as a global stock sell-off kept a lid on demand.
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