Hints and tips:
...“We’re planning to do it as a launch pad across Asia,” said Jonathan Larsen, chief innovation officer of Ping An, the large Chinese insurer that is also launching a virtual bank in Hong Kong....
...As BBC4’s kaleidoscopic Arena: The Roundhouse — The People’s Palace (Sunday 10pm) recalls, the venue was the brainchild of Arnold Wesker, who comes over as an angel of impassioned idealism....
...Chris Larsen, an angel investor and chief executive of fintech start-up Ripple, is “unimpressed” by the new market....
...That seems to be the message from Larsen and Toubro (L&T), India’s largest infrastructure company by sales....
...Shares in Larsen & Toubro slumped as much as 7.6 per cent on Monday before recovering a bit in an otherwise flat Mumbai market, after the Indian engineering and technology company reported disappointing...
...“Bronze salamanders in the corners; angels on the ceilings…In the foyer it’s as if you were in Versailles....
...Larsen & Toubro and Citigroup declined to comment....
...Larsen & Toubro, the Indian engineering group, has become the front runner to take over the company. It recently trebled its stake in Satyam to 12 per cent....
...Angel leases 240 freight locomotives and 180 passenger trains in 11 mainland European countries....
...Angel owns about 5,000 locomotives and coaches, including the 53 Pendolino tilting trains used on the west coast main line....
...So far, RBS has sold Angel Trains, its train leasing subsidiary, to a consortium led by Babcock & Brown for an estimated profit of £200m-£300m....
...The sale of Angel Trains will allow RBS to make almost 10 times its original investment....
...RBS could theoretically have plugged the hole through disposals such as the sale of its Angel Trains subsidiary and its insurance operations....
...Update – Peter Thal Larsen discusses the RBS story on FT.com video....
...For the time being, banks are likely to be more selective about lending and aim at cutting costs and selling off non-core assets: RBS is currently in the process of selling Angel Trains, its train leasing...
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