CITY MOVES | WHO’S SWITCHING JOBS September 8, 2011 Houlihan Lokey The international investment bank has hired Oliver d’Oelsnitz as a managing director and head of financial advisory’s European financial institutions coverage. D’Oelsnitz was most recently a managing director at Pan American Financial Resources, where he established a portfolio real estate, infrastructure and debt funds. Prior to this, he was a managing director and [...]
Admiral shares slide despite profit rise August 24, 2011 Car insurance group Admiral has posted a bullish 27 per cent increase in its profit in the first half of the year as it said the outlook for the UK car insurance market was improving. Admiral, an internet-based insurer and owner of comparison site confused.com, saw group turnover jump 53 per cent to more than [...]
Insurers say London riot losses “well over £100m” August 9, 2011 Damage from riots in London has cost the capital “well over £100m” in insured losses, an insurance industry group has said. The Association of British Insurers has raised its estimate of the damage from three nights of violence and looting across swathes of London from “at least tens of millions” to more than£100m after it [...]
PwC to unveil 6pc jump in its revenues September 11, 2011 TURNOVER at professional services firm PwC rose by six per cent last year, as increased demand from its financial services clients offset a fall in revenues from the public sector. The accountancy giant will announce this morning that revenues from its UK, Middle East and Channel Islands operations hit £2.46bn in the year to 1 [...]
Greek progress lends a hand to FTSE despite retail worries October 5, 2011 RALLIES by hard-pressed banks, insurers and commodity stocks led a bounce back by Britain’s top shares yesterday as support for debt-laden Greece revived investor appetite for riskier assets. Financial issues were boosted after the International Monetary Fund said it “definitely participate” in a second bailout package for Greece if the Washington-based lender was happy about [...]
SPORT | IN BRIEF August 4, 2011 Williams set for Palace date ATHLETICS: British sprinting sensation Jodie Williams, 17, will make her Diamond League debut in the Aviva Grand Prix over 200m at Crystal Palace this evening, where she faces the world’s fastest woman, Shalonda Solomon. British fans turn out in force GENERAL: Sports fans turned out in record numbers this year as [...]
Melrose told to put or shut up August 11, 2011 INDUSTRIAL takeover group Melrose reacted angrily after its takeover target Charter International referred it to the Takeover Panel yesterday. The Panel set a “put up or shut up” deadline of 6 September for Melrose to either make a formal offer or walk away, giving it less than four weeks to conclude its deal. Engineering group [...]
Melrose told to put or shut up August 11, 2011 INDUSTRIAL takeover group Melrose reacted angrily after its takeover target Charter International referred it to the Takeover Panel yesterday. The Panel set a “put up or shut up” deadline of 6 September for Melrose to either make a formal offer or walk away, giving it less than four weeks to conclude its deal. Engineering group [...]
Laggard of sector deserves second look June 23, 2011 AND so the great tidying-up exercise continues. Fresh from selling part of its stake in Dutch unit Delta Lloyd for £381m, Aviva has offloaded its roadside rescue business RAC for £1bn. Analysts said it had done well to sell the unit on a price to earnings multiple of 17 times, considering its own stock trades [...]
Laggard of sector deserves second look June 23, 2011 AND so the great tidying-up exercise continues. Fresh from selling part of its stake in Dutch unit Delta Lloyd for £381m, Aviva has offloaded its roadside rescue business RAC for £1bn. Analysts said it had done well to sell the unit on a price to earnings multiple of 17 times, considering its own stock trades [...]