Celebrate Chinese new year in real style February 5, 2013 1. HKK HKK is the ultimate destination for Chinese aficionados. The restaurant, which is one of the most recent openings of the Hakkasan group, is already gaining a reputation for offering some of the best Chinese food in the City. Michelin-starred chef Tong Chee Hwee has created an impressive eight- and 15-course banqueting menu that’s [...]
Permira plans £400m Birds Eye refinancing July 8, 2012 Private equity house Permira is considering a refinancing of frozen food firm Birds Eye, which would land the firm a €500m (£397m) windfall. Under the terms of the refinancing, the level of Birds Eye’s debt would expand to almost €2bn from €1.4bn. Permira, which bought the UK-based frozen food producer from Unilever for €1.6bn in [...]
City Moves for 16 January 2013 | Who’s switching jobs January 15, 2013 Amundi The asset management firm has appointed Christian Pellis as its global head of external distribution. He joins from LGT Capital Management, where he was head of distribution and a member of its executive board. Pellis has also held senior roles at Fleming Fund Management in Luxembourg, and at Threadneedle Investments. Pioneer Investments Jon Bailie [...]
Birds Eye sale set to be frozen as Permira hunts for growth June 25, 2012 PRIVATE equity house Permira could call a halt to the sale of frozen foods maker Iglo after deciding a €2.5bn (£2.01bn) joint bid from Blackstone and BC Partners had come in short. Permira is happy to retain and continue to grow Iglo, which it bought from Unilever in 2006 for €1.7bn before bolting on Findus [...]
Beat the market with wisdom of the crowd May 3, 2013 Annabel Palmer talks with founder of online trading community eToro about how social media is changing the way people trade, and what to expect from City A.M.’s 2013 Active Trader Conference Q How is social media changing the way people trade? A Recent research we carried out with the Massachusetts Institute of Technology has shown [...]
The man teaching the traders how to trade April 19, 2013 Yogesh Chandarana talks with hedge fund manager and trading guru Lex van Dam about competing with computer algorithms, and what to expect from CityA.M.’s 2013 Active Trader Conference How has the trading world changed since you spoke at last year’s City A.M. Active Trader Conference? Last year, the theme was risk-on risk-off. Now markets seem [...]
Where next for the yellow metal? April 19, 2013 Gold experts Georges Lequime and Paul Tustain, both speaking at City A.M.’s Active Trader Conference this year, give their perspectives on recent moves in the price, what drives the precious metal, and what will happen next GEORGES LEQUIME FOR the first time in my twenty years as a gold fund manager, and previously sell-side analyst, [...]
Hitchcock biopic looks good but enlightens little February 7, 2013 FILM HITCHCOCK Cert 12A ** Anthony Hopkins, by his own admission, doesn’t go in for all this fancy method acting. He turns up and he reads the script. The problem is, sometimes it really shows – beyond the rippling fat-suit and layers of impressive cosmetics, the only similarity between him and Alfred Hitchcock is their [...]
Murray cheered by form despite Djokovic triumph January 27, 2013 BRITAIN’S Andy Murray insisted losing a grand slam final had never felt so good after narrowly failing to make history in a titanic climax to the Australian Open yesterday. World No1 Novak Djokovic fought back from a set down to beat Murray 6-7 (2-7), 7-6 (7-3,) 6-3, 6-2 and become the first man in 46 [...]
App Store has made $10bn in sales for Apple January 7, 2013 APPLE has seen more than $10bn (£6.2bn) spent on apps since it launched its App Store four and a half years ago. The iPad and iPhone maker said that more than 40bn apps have been downloaded since July 2008, and that the rate is increasing, with nearly 20bn of those downloads occurring in 2012 alone. [...]