Broker Verrier banned after poaching saga May 16, 2012 THE City regulator has stepped up its war on directors by banning a top broker after he was savaged in a High Court poaching trial. Tony Verrier, a senior executive at BGC Partners, faces a lifetime ban from working in the City after the Financial Services Authority said he “was not a fit and proper [...]
Broker Verrier banned after poaching saga May 16, 2012 THE City regulator has stepped up its war on directors by banning a top broker after he was savaged in a High Court poaching trial. Tony Verrier, a senior executive at BGC Partners, faces a lifetime ban from working in the City after the Financial Services Authority said he “was not a fit and proper [...]
Permira fund grew by a fifth last year May 15, 2012 PRIVATE equity house Permira saw the value of its €9.6bn (£7.65bn) fourth fund jump by more than a fifth last year despite global economic turmoil. The value of investments made so far in Fund IV rose 21 per cent in 2011, according to the annual review, published yesterday. The fund began in September 2006 although [...]
After accusations he is unfit to run BSkyB, should Rupert Murdoch be forced to sell? May 2, 2012 YES Joe Cox Whether or not Rupert Murdoch is forced to relinquish his dominance over the British media landscape should be more than about whether he is a “fit and proper” person. The important question is whether it is in the public interest for someone to be so dominant in the media market and, by [...]
Saga lashes out at Bank’s QE April 18, 2012 Saga warned yesterday of increased inflation and damaged pensions if quantitive easing (QE) continues, arguing that it is not as effective in boosting the economy as originally intended. Saga chief Ros Altmann called on the government to minimise the damage of QE on pensions and find alternatives for boosting the economy. The comments come after [...]
Saga lashes out at Bank’s QE April 18, 2012 Saga warned yesterday of increased inflation and damaged pensions if quantitive easing (QE) continues, arguing that it is not as effective in boosting the economy as originally intended. Saga chief Ros Altmann called on the government to minimise the damage of QE on pensions and find alternatives for boosting the economy. The comments come after [...]
After President Kirchner’s nationalisation of part of YPF – is it safe to invest in Argentina? April 18, 2012 YES Sven Richter Argentina’s part-nationalisation of oil firm YPF has concerned investors, but the government only took shares from where it could make a case – a huge import bill for fuel and dividends leaving the country. The nationalisation has little to do with economics and everything to do with politics – to remain in [...]
Deadline looms in two-horse race for CWW April 15, 2012 POTENTIAL bidders for Cable & Wireless Worldwide (CWW) will have to show their hand this week in the latest chapter of the saga over the £1bn-rated telecoms firm. Tata Communications and Vodafone have until Thursday to either announce a firm intention to make a bid for CWW or walk away after the Takeover Panel granted [...]
Silva, not Balotelli, is real reason for City’s collapse April 10, 2012 LARGER than life Mario Balotelli has borne the brunt of the blame for the collapse of Manchester City’s Premier League title challenge, but he is just one of the reasons for their dramatic slide, and not the biggest. Losing influential midfielder Yaya Toure in January during the African Cup of Nations was a massive loss [...]
It’s time to bring a sorry saga to a close April 4, 2012 THE PAST few months have been pretty unhappy ones for shareholders in Omega Insurance. Having spurned a takeover approach from rival Canopius, Omega’s board then entered into discussions with insurance entrepreneur Mark Byrne. These were in the hope of cementing a deal in which he would take a minority stake and also (mysteriously) seize control. For [...]