Poultry empire Moy Park eyes £1bn stock float August 17, 2014 MARFRIG, the Brazilian owner of food giant Moy Park, is exploring plans for a London public offering of the firm which could value the poultry producer at £1bn. Moy Park, which supplies meat to fast food chains, including McDonald’s and Burger King, issued £200m of bonds earlier in the year, seen as a precursor to [...]
Simon Murray joins forces with ex-UBS chair for advisory venture July 27, 2014 Two of the biggest names in the City, former Glencore chair Simon Murray and ex-Abbey National chief executive Luqman Arnold, have joined force to launch a boutique advisory business. Murray and Arnold will be joined by three other partners – ex-UBS vice-chairman Ken Anderson, former chief information officer at Deutsche Bank Mitchel Lenson and founder [...]
Simon Fraser is fighting for hearts and minds at the Investor Forum July 2, 2014 Does someone at the new body set up to promote investor long-termism have a bizarre sense of humour? That was one interpretation of yesterday’s confirmation that Simon Fraser, former global chief investment officer of Fidelity, would be its first chairman. After all, Fraser was until recently a board member at the bete [...]
Gulf Keystone confirms court win November 12, 2013 Aim-listed oil and gas explorer Gulf Keystone Petroleum yesterday confirmed that an English court had dismissed all claims by Excalibur Ventures, which argued that it was owed a 30 per cent interest in GKP’s assets in Kurdistan. The court has set 13 December as the date to hand down its full judgement, having provided a [...]
City Moves for 13 August 2014 | Who’s switching jobs August 12, 2014 EY The professional services firm has made several appointments. Jay Nibbe has been made global vice chair for tax. He joined the firm in 1985 and was mostly recently the chair of EY’s global accounts committee and deputy area managing partner for Europe, Middle East, India and Africa. Uschi Schreiber (pictured) has been appointed global [...]
City Moves for 12 June 2014 | Who’s switching jobs June 11, 2014 JLL The real estate services firm has announced the appointment of Paul Hodge as a director of loan valuation. He joins from CBRE, where he was an associate director in its real estate finance team, responsible for the development of its loan valuation business. Deutsche Bank The investment bank has appointed Marc Benton as head [...]
Gulf Keystone issues $50m bond October 30, 2013 Gulf Keystone Petroleum, the Aim-listed oil and gas explorer with FTSE 250 ambitions, yesterday said it has issued $50m (£31m) bonds priced at par, which will be consolidated with a $275m debt facility issued in October 2012. The funds raised will be used to help the firm reach its production target of 40,000 barrels of [...]
City Moves for 28 July 2014 | Who’s switching jobs July 27, 2014 Keystone Law Residential and agricultural lawyer Penny Gladman is joining the law firm’s private client and property teams. She was a partner at Lodders Solicitors, and is a member of the Agricultural Law Association and the Country Land and Business Association. British Council for Offices Colette O’Shea has been appointed president of the membership organisation. [...]
City Moves for 22 July 2014 | Who’s switching jobs July 21, 2014 PwC George Stylianides has been appointed leader of PwC’s financial services risk and regulation practice. He is taking over from Julie Coates, who is returning to Australia after four years in the UK. Stylianides has over 25 years’ experience working in financial institutions. Natixis Global Asset Management The asset manager has announced four appointments to [...]
GKP warns on payment lag May 14, 2014 GULF Keystone Petroleum’s share price plunged over seven per cent yesterday, after the oil explorer warned there would be a delay receiving payments from exports and that it had technical issues at its flagship Shaikan field in Kurdistan. With $24m (£14.3m) outstanding on crude oil sales, this gives uncertainty to revenue guidance for 2014, said [...]