Shock as GDP shrinks by 0.7%.
Oddbins’ anti-Locog stunt offers discount for wearing Nike trainers.
The boss of Oddbins has attacked the “asinine rules” on mentioning the Olympics in marketing and has introduced a 30% discount for customers who wear or display a total of eight items from non-sponsor brands, including Nike and Pepsi.
Paddy Power has started legal proceedings against Locog after the organiser of the London Olympics told JCDecaux to take down billboards promoting the bookmaker’s sponsorship of an athletics event in London, France.
Ofcom unveils plans for 4G network to reach consumers in 2013.
Virgin Media reaches one million TiVo customers as revenues rise 4.2%.
JP MORGAN CHASE & Co
JPMorgan Chase & Co has appointed Rayan Fayez as the head of its investment banking business in Saudi Arabia, the U.S. investment bank said on Wednesday. Fayez was head of investment banking and chief executive officer for Goldman Sachs in Saudi Arabia prior to his move.
DYNASTY FINANCIAL PARTNERS
Dynasty Financial Partners, a New York-based wealth management start-up, has hired a former Morgan Stanley Smith Barney director to join its transition services team as it eyes expansion.