CITY MOVES | WHO’S SWITCHING JOBS August 17, 2011 Stephenson Harwood The law firm has strengthened its projects team by hiring Jonathan Cripps and Rebecca Carter (pictured) as partners. Cripps and Carter join from Eversheds, where they acted for public and private sector infrastucture clients including the Ministry of Justice, the North London Waste Authority and the Office of Government Commerce. The firm has [...]
WORLD CUP RUGBY STAR REVEALS AN UNEXPECTED WEAKNESS September 29, 2011 THERE HAS only been one occasion when Jason Leonard, the most-capped England rugby player of all time, has been intimidated on the pitch. That moment came when Leonard met Norman Hadley, a six foot nine Canadian rugby union player with a scar down his cheek that “didn’t come from rugby”. For reasons best known to [...]
Haste goes out on a high as business he rebuilt turns in solid performance August 4, 2011 RSA’s outgoing chief executive Andy Haste will be well remembered as the man who turned the British insurance company’s fortunes around. After taking on the floundering insurer in 2003, when its market value stood at £1bn, his eight years at the helm have proved ultimately successful. Faced with huge losses, Haste was quick to make [...]
BID BATTLE FOR CHARTER AS US RIVAL CHARGES IN September 4, 2011 US MANUFACTURING group Colfax last night emerged as a rival bidder to Melrose for Charter International, a UK engineering group, in an increasingly fierce £1.5bn plus takeover battle. Charter, which has been courted by Melrose for over eight weeks, appeared to be close to agreeing a deal last week after the turnaround specialist raised its [...]
THE WEEK AHEAD in association with GFT July 31, 2011 COMPANY NEWS ● It’s a busy week for results. Today, Hiscox, HSBC, Intertek and Ultra Electronics Holdings announce. ● Barclays, Capital Shopping Centres, Cookson, Drax, Fresnillo, GKN, Meggitt, Millennium & Copthorne Hotels, Rotork, Weir and Xstrata all announce tomorrow. ● Announcing on Wednesday are Capital & Counties Properties, Ferrexpo, Legal & General, Rexam, Rightmove, Standard [...]
FTSE fightback foiled by bank weakness August 4, 2011 The banking sector put the brakes on potential gains on the FTSE 100 in early trading after poor results from Lloyds. The index was expected to be given new impetus today as hopes of a new package to breathe life into the US economy encouraged investors elsewhere. Former Federal Reserve vice chairman Donald Kohn said [...]
BEST OF THE BROKERS May 30, 2011 SPORTINGBET Evolution Securities rates the online bookmaker “buy” and has a target price of 70p. The broker thinks the £119m acquisition of Australian rival Centrebet makes strong strategic and financial sense, coupled with high quality European business and good current trading. Evolution adds that trading in May has been robust. AVIVA Killik & Co rates [...]
BEST OF THE BROKERS May 30, 2011 SPORTINGBET Evolution Securities rates the online bookmaker “buy” and has a target price of 70p. The broker thinks the £119m acquisition of Australian rival Centrebet makes strong strategic and financial sense, coupled with high quality European business and good current trading. Evolution adds that trading in May has been robust. AVIVA Killik & Co rates [...]
FTSE gains fuelled by Eurozone deal July 22, 2011 The FTSE 100 tracked other global markets upwards as the sealing of a second bailout for Greece produced a collective sigh of relief from investors, governments and financial institutions. Leaders of the Eurozone threw a lifeline to debt-stricken Greece that includes an extra €109bn of government money as well as a significant contribution from private [...]
FTSE gains fuelled by Eurozone deal July 22, 2011 The FTSE 100 tracked other global markets upwards as the sealing of a second bailout for Greece produced a collective sigh of relief from investors, governments and financial institutions. Leaders of the Eurozone threw a lifeline to debt-stricken Greece that includes an extra €109bn of government money as well as a significant contribution from private [...]