Activist investors eye bumper 2011 as market improves March 6, 2011 THIS year has started well for activist investors, those outspoken stake-builders that push boards to buck up their strategy. 2011 has kicked off with a spate of high profile public exchanges between funds and their targets. Activists claimed their first major scalp last month when Sherborne Investors ousted City veteran Nick MacAndrew from the chair [...]
Activist investors eye bumper 2011 as market improves March 6, 2011 THIS year has started well for activist investors, those outspoken stake-builders that push boards to buck up their strategy. 2011 has kicked off with a spate of high profile public exchanges between funds and their targets. Activists claimed their first major scalp last month when Sherborne Investors ousted City veteran Nick MacAndrew from the chair [...]
Aviva agree £20m rugby deal July 7, 2010 AVIVA have agreed a £20m deal to become the new sponsors of Premiership rugby. The insurance giants penned a four-year deal to replace Guinness as the top-flight’s title sponsors, starting immediately. Premiership chiefs confirmed that both parties have agreed to make “significant investment in community programmes” as part of the deal. “This is a fantastic [...]
Aviva agree £20m rugby deal July 7, 2010 AVIVA have agreed a £20m deal to become the new sponsors of Premiership rugby. The insurance giants penned a four-year deal to replace Guinness as the top-flight’s title sponsors, starting immediately. Premiership chiefs confirmed that both parties have agreed to make “significant investment in community programmes” as part of the deal. “This is a fantastic [...]
Mecom confirms chairman’s resignation January 28, 2011 European publisher Mecom has confirmed that its executive chairman Alasdair Locke has resigned and is to be replaced by director Stephen Davidson. The announcement follows City A.M.’s exclusive report revealing Mecom’s decision to oust Locke this morning. “The Board has agreed that Stephen Davidson, currently the senior independent director, will, pending the appointment of a [...]
Mecom confirms chairman’s resignation January 28, 2011 European publisher Mecom has confirmed that its executive chairman Alasdair Locke has resigned and is to be replaced by director Stephen Davidson. The announcement follows City A.M.’s exclusive report revealing Mecom’s decision to oust Locke this morning. “The Board has agreed that Stephen Davidson, currently the senior independent director, will, pending the appointment of a [...]
Savers should utilise ISAs to beat inflation March 16, 2011 5 APRIL will be the last day this tax year to shelter your savings under an ISA. With stagnant wages and inflation biting into savings, holding savings in cash is not a good idea. Mervyn King will likely be sending letters to George Osborne apologising for high inflation for a while to come. The 2 [...]
Savers should utilise ISAs to beat inflation March 16, 2011 5 APRIL will be the last day this tax year to shelter your savings under an ISA. With stagnant wages and inflation biting into savings, holding savings in cash is not a good idea. Mervyn King will likely be sending letters to George Osborne apologising for high inflation for a while to come. The 2 [...]
MEDIA VETERAN IN PUSH TO REPLACE LOCKE AS MECOM CHAIR January 27, 2011 FORMER Telewest chief executive Stephen Davidson has put himself up as a possible executive chairman of Mecom, the European regional newspaper group. If successful, Davidson would replace Alasdair Locke, the current chairman who is seen by some shareholders to have been too close to former chief executive David Montgomery. Montgomery recently departed after pressure from [...]
ANALYST VIEWS: WHAT IS THE LIKELY OUTCOME FOR F&C? January 30, 2011 HAYLEY TAM | CITI “Whatever happens, it is likely to cause continued disruption to ongoing operations. If Sherborne loses the vote it will create a share overhang of about 17 per cent, which will need to be disposed of – but it will allow existing management to continue to run the company with minimum disruption. [...]