Victor Blank Steps Down, But What Will His Legacy Be?

For a departing chairman, like Victor Blank who left Lloyds at the weekend, there can be no more depressing sign than your former company’s share…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | May 19, 2009 11:52AM | 1 Comment »

UBS Job Cuts Materialise As Expected, Yacht-Mongering Tax Evader Gets Nabbed

UBS further cements its position as the world’s most godawfully screwed bank today, with announcements today of another 7,500 job cuts, bringing their…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | April 15, 2009 1:13PM | No Comments »

Porsche Vs. Hedge Funds – It’s On!

Start booking your seats for the litigation fight of the year, because the hedge fund vs. Porsche melee is good to go!

We’ve been

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | March 31, 2009 2:46PM | 1 Comment »

Barclays Go It Alone, But Will They Come To Regret It?

After passing the government stress test that asserted that they could weather the ongoing financial mistral, Barclays have decided to man up and

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | March 31, 2009 2:12PM | No Comments »

UBS Exec Martin Liechti Put Out To Pasture

UBS is continuing its program of repentance by axing another of its senior staff, Martin Liechti, as the Swiss bank gets investigated for…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | March 30, 2009 11:14AM | No Comments »

Ticketmaster Gets $1bn Writedown, But Live Nation Merger Looking Healthy

Ticketmaster, the maddening medium that stands between you and a good time, has happily had to write down its value massively after quarter-four…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | March 26, 2009 11:44AM | 2 Comments »

Lloyds Share Price Plunges As Shareholders Get Their War Paint On

Investors in Lloyds have been waiting all weekend to voice their dissatisfaction with the bank’s government bailout, and they duly sent the share price sharply…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | March 9, 2009 12:50PM | No Comments »

Porsche Faces Angry Hedge Funds, General Malaise

Porsche are due to face the renewed wrath of the hedge funds they wronged with their VW trade last year, as it emerges that VW…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | February 16, 2009 11:32AM | 1 Comment »

Is Maria Schaeffler The New Adolf Merckle?

Schaeffler, the German car parts company, wasn’t doing well a couple of weeks back, and things haven’t got much better since. After trying…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | February 10, 2009 10:55AM | 5 Comments »

Robert Peston Fights Treasury Committee With Quality Journalism, Endless Vowels

Robert Peston, journalist extraordinaire and credit-crunch hunk o’ burnin’ love, met the Treasury Select Committee to answer questions over allegations he damaged the…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | February 5, 2009 3:06PM | 1 Comment »

Adolf Merckle Commits Suicide, While Porsche Marches On

Adolf Merckle, the German entrepreneur who we followed recently as he struggled to hang onto his empire, killed himself…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | January 7, 2009 10:19AM | No Comments »

Bart Becht, Reckitt Benckiser CEO, Starts Selling Up His Shares As Part Of Global Employee Loyalty-Enforcement Scheme

Last week VW chiefs cashed their share chips in at just the right time, netting €25m between them and presumably having a nice…

Read more...

Posted by Ben Beaumont-Thomas in Hot Money | December 9, 2008 2:54PM | 1 Comment »