REGAL DITCHES BROKER MIRABAUD AFTER TUSSLE OVER LEADERSHIP September 15, 2010 IT WAS the end of an activist era yesterday for broker Mirabaud Securities and oil and gas firm Regal Petroleum, which parted ways on, shall we say, less than friendly terms. Regal’s terse termination statement to the stock exchange came after Mirabaud questioned the tenure of the company’s chief executive, David Greer. That’s not a [...]
IPC to sell hobby titles June 6, 2010 IPC Media is in the process of selling 28 hobby titles including Cage & Aviary Birds and The Railway Magazine. The company, which publishes titles such as Country Life and Marie Claire, has set this Friday as the deadline for bids. The company announced in March that the magazines’ future was being reviewed. IPC wants [...]
Q&A: HOW DAMAGES COULD UNFOLD June 15, 2010 Q. WHO COULD BE SUBJECT TO PENALTIES? A. The US Justice Department has launched both a criminal and civil investigation into the oil spill but officials have not identified the targets. However, the likely companies that will be the focus of the investigation include BP, Transocean, which operated the drill rig, Cameron International, which provided [...]
Surge in foreign bids for British firms, finds study May 31, 2010 OVER half of all UK-listed companies subject to takeover bids in the last quarter were targeted by foreign firms, a study has shown. Around 53 per cent of offers came from overseas companies, nearly double the 27 per cent seen in the first quarter of 2008, according to research by City law firm Wedlake Bell. [...]
Surge in foreign bids for British firms, finds study May 31, 2010 OVER half of all UK-listed companies subject to takeover bids in the last quarter were targeted by foreign firms, a study has shown. Around 53 per cent of offers came from overseas companies, nearly double the 27 per cent seen in the first quarter of 2008, according to research by City law firm Wedlake Bell. [...]
GUARDIAN DRAGS ITS HEELS OVER RENEWING HAY SPONSORSHIP DEAL August 11, 2010 WHAT with an enthusiastic push into online investment, a string of ill-advised private equity deals and a move to swanky new offices at Kings Cross, it appears more traditional stalwarts of the Guardian’s extra-curricular programme could be coming under threat. A little bird tells The Capitalist that the newspaper’s long-standing sponsorship of the Hay literary [...]
Off-piste: the pre-snow joys of Chamonix September 26, 2010 ASK MOST people what comes into their head when you mention Chamonix, and they’ll say skiing. But the mountain capital of the world has much more to offer, especially when the snow disappears from everywhere but the highest peaks. Home to over eighty nationalities – making it one of the most multicultural places in France [...]
EX-SEYMOUR PIERCE BOSS COMES OFF THE SLOPES AND BACK TO CITY May 25, 2010 IT was only going to be a matter of time before Richard Feigen popped his head back over the proverbial parapet after resigning from broker Seymour Pierce at the turn of the year. Feigen, one of the best-known corporate financiers in the City, handed in his notice in January following a month-long internal investigation at [...]
Permira eyes Findus Italy April 5, 2010 PRIVATE equity house Permira is poised to make a takeover bid for Unilever’s Italian frozen food business Findus Italy. Unilever is expected to formally announce the sale of Findus towards mid-April, with Permira looking at making a bid for the Italian business, which is currently priced between €500m-€800m (£444m-£710m). Permira, which bought frozen food brands [...]
CITY EYE April 7, 2010 Birdspotters Anders Price and David Lindo, founders of the Bird Study Group, look out over a drab grey City yesterday through their binoculars, from the dizzying heights of the top of Tower 42. The Heron Tower, seen in the background, is nearing completion.