Meet the deal-maker extraordinaire who hopes the crisis will end in 2010 July 26, 2009 It is hard to escape the feeling that Slaughter and May’s Nigel Boardman is ever so slightly bored. Given that he is London’s top mergers and acquisitions (M&A) lawyer, and that we are still in the midst of a bitter recession which has led to a dramatic reduction in deal-making, this is not exactly surprising. [...]
Week of gains set back by S&P UK outlook downgrade May 21, 2009 A CUT in the UK’s ratings outlook from agency Standard & Poor’s weighed on the FTSE 100 yesterday, with weakness in heavyweight oils, miners and banks contributing to a 2.8 per cent slide by close of play. The index ended 122.94 points lower at 4,345.47, its biggest daily fall since 27 March, having closed 13.84 [...]
No sign of vertigo as banks take the FTSE 100 higher May 19, 2009 THE FTSE 100 continued its upward momentum yesterday, propelled up by financials and miners, although gains were limited by figures that showed new US housing starts fell to record lows. The index closed 0.8 per cent, or 35.80 points, higher at 4,482.25, with investors showing no sign of vertigo from the recent hefty rises. “Despite [...]
Electric Shock June 16, 2009 CAN you imagine plugging your car into a three-pin plug in the wall, leaving it for eight hours and then driving for up to 70 miles on that single charge? Well, that is what the Smart Fortwo electric drive will do for you, from a flat battery to full charge. I drove this and two [...]
A moon buggy thats great in the country May 19, 2009 THE off-road market has come in for a lot of flak over the last few years and I’ve been a fully paid up member of the anti-league. However, my venom was more about those cars being driven in cities instead of actually doing the job they’re designed to do. I live in the country and [...]
A moon buggy thats great in the country May 19, 2009 THE off-road market has come in for a lot of flak over the last few years and I’ve been a fully paid up member of the anti-league. However, my venom was more about those cars being driven in cities instead of actually doing the job they’re designed to do. I live in the country and [...]
Banks lead the FTSE higher and bulls reboot interest in sofware companies May 18, 2009 THE FTSE 100 sprung to life yesterday, driven by banks which were led higher by confirmation of Lloyds Banking Group’s rights issue and the announcement that Sir Victor Blank would step down as its chairman. The index erased almost half of last week’s losses, closing 2.3 per cent, or 98.34 points, higher at 4,446.45 points. [...]
Why Randgold Resources’ boss can afford to go on a 48-day bike safari May 17, 2009 BIG, burly, loud and infectious: Mark Bristow, the founder and chief executive of Randgold Resources, looks every inch a mining man. The 6’3” South African is in good form as he bounds into the gold miner’s functional London office in the shadow of the Savoy Hotel (it is undergoing a 16-month £100m refit – the [...]
Profits at Rio Tinto jump on high demand August 27, 2008 Bid target miner Rio Tinto posted a better-than-expected 55 per cent rise in first-half profit yesterday, boosted by its takeover of aluminium producer Alcan and strong Asian demand for commodities. The company, which bought Canada’s Alcan, for $38bn (£19bn) just over a year ago, said its pre-tax profit to the end of June rose to [...]
Don Argus raises the stakes with Rio July 31, 2008 BHP Billiton chairman Don Argus issued Rio Tinto shareholders yesterday with a stern warning that their firm’s share price would lower without BHP’s £75bn takeover offer. Argus said that his group’s bid, which if successful would create the largest miner in the world and would be one of the biggest takeovers of all time, would [...]