CVC and RBS in Samonsite sale January 14, 2013 PRIVATE equity firm CVC Capital Partners and Royal Bank of Scotland have sold a combined $290m (£180m) stake in Hong Kong-listed luggage maker Samsonite International, according to a term sheet of the deal. The 138.3m shares were sold at HK$16.20 each, a 4.9 per cent discount to Samsonite’s Friday’s close of HK$17.04, the terms showed. [...]
City Moves for 15 August 2013 | Who’s switching jobs August 14, 2013 Fitch Learning The financial education firm has announced the appointment of David Gumley to its sales division. Gumley was most recently at BPP Professional Education, where he was commercial director for the northern region. Lloyds Banking Group Eric Jenkins has joined the bank as a director in its acquisition finance division. Jenkins has over 15 years’ [...]
Lib Dem lines to take for interviews – in full September 19, 2013 The Lib Dems appear to have given journalists their full lines to take for every interview: Five things to remember for every interview This conference sees the party in a confident mood We have a strong record of achievement in Government Our priorities are jobs and easing the squeeze on household budgets Labour cannot be [...]
Ex-HBOS staff charged over £35m of loans January 8, 2013 FORMER senior bankers at Halifax Bank of Scotland (HBOS) were yesterday charged with corruption over £35m of loans made while they were at the bank. Lynden Scourfield, 50, and Mark Dobson, 52 are among eight people accused of making the fraudulent business loans through a turnaround consultancy in exchange for “high-value gifts” between 2003 and [...]
What the other papers say this morning – 25 October 2013 October 24, 2013 FINANCIAL TIMES Bitcoin backed by top hedgie boss Financial advisers who gathered in New York to hear leaders of the asset management industry impart their best investment ideas for the year ahead were given a surprising tip by one prominent hedge fund manager: Bitcoin. Fortress Investment Group’s Michael Novogratz said it could be used as [...]
Lib Dem lines to take for interviews – in full September 16, 2013 The Lib Dems appear to have given journalists their full lines to take for every interview: Five things to remember for every interview This conference sees the party in a confident mood We have a strong record of achievement in Government Our priorities are jobs and easing the squeeze on household budgets Labour cannot be [...]
RBS set for a miserable day as FSA readies Libor fine February 5, 2013 TAXPAYER backed Royal Bank of Scotland is expected to be hit with a fine of around £390m by the City watchdog and US regulators today over its role in the Libor rigging scandal, piling further political pressure on the bank. RBS, which is 82 per cent owned by the state, is to announce a settlement [...]
Lloyds ready to grow branches as profits return August 1, 2013 LLOYDS Banking Group is preparing to open new branches after years of consolidation and balance sheet repair, the lender said yesterday, in a key indication its turnaround is complete. Its Halifax brand will enter Scotland for the first time this year with new branches in the biggest three cities. And the TSB Bank will be [...]
Regional firms see best ever August growth September 8, 2013 ENGLAND’S regions saw the strongest business growth ever recorded in August, as Lloyds noted robust growth around the UK, and booming firms in some areas. Purchasing managers from the north west, south east, south west and east of England all reported the strongest growth ever seen, after a raft of recent surveys and figures which [...]
PPI mis-selling bankers to face banking commission grilling January 7, 2013 REPRESENTATIVES from the UK’s big four will face a grilling over the payment protection insurance (PPI) mis-selling scandal from a sub-panel of the Parliamentary Commission on Banking Standards (PCBS). The commission, headed by Conservative MP Andrew Tyrie, who also chairs the Treasury Select Committee, is looking for top executives involved in the retail side of the banking [...]