Positive Pearson picture sends share price up leading FTSE higher January 21, 2015 Shares in Pearson were up as much as five per cent this morning leading the FTSE 100 higher as the education business and publisher of the Financial Times said it expects earnings at the top end of forecasts. Investors were cheered to learn that earnings for 2014 are expected to come in at 66 pence [...]
JD Sports sells Bank to Hilco November 25, 2014 SHARES in JD Sports surged 3.7 per cent yesterday after the group said it had sold its loss-making fashion business Bank to focus on its other sportswear brands. The retailer said restructuring specialist Hilco Capital had bought Bank for an undisclosed sum via one of its subsidiaries. The sale should help to recover a substantial [...]
Christmas came too late to help Debenhams January 13, 2015 DEBENHAMS posted an unexpected fall in first-quarter sales yesterday as a strong Christmas failed to undo the damage of mild autumn weather. Britain’s number two department store chain said that UK like-for-like sales for the 19 weeks to 10 January fell 0.8 per cent, below analyst expectations for a one per cent rise, as demand [...]
City Moves for 03 February 2015 | Who’s switching jobs February 2, 2015 HIG Capital Riccardo Dallolio has been appointed managing director and co-head of European real estate at the private equity investment firm. He previously worked at Axa RE, where he was head of alternatives and special situations, and has also held roles at JP Morgan and Grove International Partners. Coutts The private bank has announced the [...]
City Moves for 02 February 2015 | Who’s switching jobs February 1, 2015 EY Kate Richardson-Walsh has been appointed to EY’s business development team in London. She is a triple Olympian, and has been the captain of England and Great Britain hockey for the past 11 years. She will take up the role while training for the Rio 2016 Summer Olympics. Investec Specialist Bank The bank has announced [...]
Cricket Comment: England need player like KP March 4, 2015 He’s a matchwinner and was unfairly let go but a comeback looks unlikely to me KEVIN Pietersen’s sacking last February was unfair and it was a shame for English cricket the way it happened but the timing of incoming ECB chairman Colin Graves seemingly handing him a lifeline has created an unwelcome distraction. England have [...]
Cricket Comment: Now Trott should open for country March 18, 2015 BATSMAN Jonathan Trott holds a proven record at international level so having a class player like him back in the squad for their three-Test tour of the Caribbean next month can only benefit England. There is going to be a lot of attention on his first return, having left the 2013-14 Ashes tour with a [...]
City Moves for 28 January 2015 | Who’s switching jobs January 27, 2015 Hamlins The law firm has announced the appointment of Charles Bezzant as partner. He will be heading up its real estate finance team, and joins from Reed Smith, where he qualified in 2000. Bezzant’s practice covers all finance aspects of property investment and development transactions. RBC Global Asset Management Royal Bank of Canada’s asset management [...]
City economists vote to hold rates February 4, 2015 Our guest panel of city economists has voted to hold rates this month. Among the main concerns were lower rates of inflation becoming embedded in people’s expectations. However, one hawk argues that low interest rates are in danger of becoming embedded in borrowers’ expectations. Other concerns were the potential for a new Greek crisis and [...]
Carlyle Group in $700m deal to acquire Dealogic November 5, 2014 GLOBAL asset management firm the Carlyle Group, together with other investors, has agreed a $700m (£438m) deal to buy international financial software company Dealogic and two related joint ventures. The deal is set to land Dealogic’s founders with a windfall of around £250m, City A.M. understands. The founders and management will re-invest equity into the transaction, [...]