On September 28, 2009
Weekend Round-Up
Sunday Times Alistair Darling acts on bank bonuses: The Chanceller of the Exchequer will be summoning the remuneration committee chairmen of the big four banks to a meeting this week to warn them they must adhere to guidelines established agreed by world leaders at the G20 summit in Pittsburgh last week. New Look listing: High street retailer New Look’s private equity backers, Apax and Permira, are said to be readying the the 40-year-old clothing chain for an early 2010, £1.7bn float.The equity firms acquired New Look five years ago for £699m and tried unsuccessfully to auction it off for £1.8bn to £2bn a couple of years ago.Other retailers (and New Look itself) have struggled post-flotation — steady earnings expectations and…
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