FTSE weak as investors eye G20 November 3, 2011 The FTSE 100 tracked falls in Asia as leaders of the world’s biggest economies gathered in France for a G20 summit set to be dominated by the threat of Greece falling out of the Eurozone. The leaders of France and Germany, angered at Greece’s shock move to call a referendum on its latest bail-out plan [...]
Joe Lewis eyes a takeover of pub chain Mitchells & Butlers September 12, 2011 FOREX billionaire Joe Lewis confirmed he is considering taking control of pub landlord Mitchells & Butlers yesterday in a deal that could value the firm at more than £940m. Lewis, Mitchells & Butlers’ biggest shareholder with a 22.8 per cent stake through his investment vehicle Piedmont, said he may offer to buy the remainder of [...]
Joe Lewis eyes a takeover of pub chain Mitchells & Butlers September 12, 2011 FOREX billionaire Joe Lewis confirmed he is considering taking control of pub landlord Mitchells & Butlers yesterday in a deal that could value the firm at more than £940m. Lewis, Mitchells & Butlers’ biggest shareholder with a 22.8 per cent stake through his investment vehicle Piedmont, said he may offer to buy the remainder of [...]
Haskell boost for Johnson August 24, 2011 ENGLAND manager Martin Johnson has been boosted by the news that flanker James Haskell has been passed fit to face Ireland on Saturday. Haskell was sent for a precautionary scan on his foot, which revealed only mild inflammation to a tendon. Johnson played mix-and-match teams in the two warm-up games with Wales, but will use [...]
Carlyle looks to sell stake in RAC July 24, 2011 US private equity firm Carlyle Group is looking to sell part of its equity in RAC, the roadside rescue business it bought from Aviva for £1bn a month ago. The firm is looking to sell up to £200m of equity in RAC. GIC, the Singaporean sovereign wealth fund, is understood to be one of the [...]
Profiting from reshuffles and regulation September 11, 2011 IT’s been a busy year for PwC’s reshuffled executive board. As well as moving to its new, ultra-sustainable offices at More London, the firm has succeeded in wrestling the Aviva audit mandate from rival Ernst & Young after 10 years, and bulked up its advisory services with the acquisition of technology and management consultants Diamond [...]
Card games trigger Panel probe at M&B September 18, 2011 REPORTS that Joe Lewis enjoyed games of cards with JP McManus and John Magnier on board his yacht Aviva over the summer, as revealed in City A.M. on 15 September, have prompted the Takeover Panel to re-open their files on alleged collusion between the two parties to seize control of pubs chain Mitchells & Butlers. [...]
Euro exuberance pushes the FTSE near three-month high October 27, 2011 BRITAIN’S top share index jumped to a near three-month high yesterday as bullish investors uncorked their champagne bottles and toasted Europe’s plan to tackle its debt crisis. The upbeat news from Europe boosted appetite for riskier assets such as banking and commodity stocks, which helped the UK’s benchmark index surge 160.58 points or 2.9 per [...]
Euro exuberance pushes the FTSE near three-month high October 27, 2011 BRITAIN’S top share index jumped to a near three-month high yesterday as bullish investors uncorked their champagne bottles and toasted Europe’s plan to tackle its debt crisis. The upbeat news from Europe boosted appetite for riskier assets such as banking and commodity stocks, which helped the UK’s benchmark index surge 160.58 points or 2.9 per [...]
Pru: Time to forget AIA August 4, 2011 At the end of a torrid week in which the UK’s insurers and banks have all reported financial figures, today is the turn of the Prudential, the insurer that has been given the hardest of times over recent months for its botched attempt last year to take-over AIA. The Prudential and its super clever chief [...]