Quintain returns to profitability with strong focus on London May 23, 2014 Quintain Estates has returned to profitability, supported by the opening of the London Designer Outlet and sales of new homes at Wembley Park. The first release of 73 apartments have been sold for an average price of £570 per square foot. Today's results mark the first time the company has been back in the black [...]
Gulf Keystone suspends shares today ahead of court decision September 9, 2013 OIL AND gas explorer Gulf Keystone Petroleum yesterday said it will suspend its shares on the Aim index today, ahead of a judge’s decision on the Excalibur court case which is expected this afternoon. The firm plans to release a statement later today giving details of the London court’s ruling. Rival firm Excalibur launched legal [...]
Gulf Keystone settles its spat with investors July 21, 2013 OIL explorer Gulf Keystone Petroleum has withdrawn its opposition to four directors proposed by shareholder M&G Recovery Fund, ending a row with its biggest investors over corporate governance. Gulf Keystone said in a statement over the weekend that it had reached a “constructive agreement” with shareholders regarding the shape of its board. Meanwhile, M&G Recovery [...]
Best of the Brokers for 25 February 2014 February 24, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com RIGHTMOVE Canaccord Genuity has cut the online property group from “buy” to “hold” but keeps its target price at 3,000p. While Rightmove impresses the broker with its high return on capital, Canaccord reckons Agents’ Mutual will seriously challenge the rest of the property [...]
City Moves for 21 March 2014 | Who’s switching jobs March 20, 2014 Baker & McKenzie The law firm has announced the appointment of Steven Francis as a partner in its financial services group. He specialises in Financial Conduct Authority (FCA) enforcement work, non-contentious FCA compliance advice, financial crime, and corporate compliance issues. Francis was most recently at RPC, where he was a partner and head of its financial services and [...]
Bottom Line: Kiev is the key to Putin’s power March 3, 2014 IT’S NOT just about the Crimea. Attention has naturally turned to Russia’s immediate strategic interest in Sevastopol. But the assumption that this marks the limit of Vladimir Putin’s ambition is a dangerous miscalculation. Putin’s trademark brand of Russian nationalism makes control of Kiev non-negotiable. Without it he is just another thug. But for deep cultural [...]
City Moves for 07 March 2014 | Who’s switching jobs March 6, 2014 London Offshore Consultants The marine and offshore energy consultancy has named Robin Bidwell as its chairman. He previously built and led global environmental advisory firm Environmental Resources Management. T Rowe Price Peter Hunt has been appointed vice president for UK and Ireland institutional business at the asset management firm. He was formerly a partner at TT International. Before [...]
City Moves for 11 March 2014 | Who’s switching jobs March 10, 2014 Salamanca Group The merchant banking and operational risk management business has hired Catherine Grum as group head of family office services. She was most recently at Barclays Wealth and Investment Management, where she was head of wealth advisory for Europe, the Middle East and Africa. Keystone Law The law firm has made two appointments. Jason [...]
Excalibur will not appeal GKP case December 9, 2013 Gulf Keystone Petroleum, the Aim-listed oil and gas explorer with FTSE 250 aspirations, yesterday said that an English court has released a summary of its decision to dismiss all claims by Excalibur Ventures, which argued that it was owed a 30 per cent interest in GKP’s assets in Kurdistan. GKP also said that Excalibur has [...]
City Moves for 02 December 2013 | Who’s switching jobs December 1, 2013 Aecom The technical and management support services firm has appointed Will MacDonald as regional director of its building engineering team. He has over 25 years’ experience in the industry, and joins from Inhabit Group, where he was technical director. MacDonald has also held roles at Land Lease. Mirae Asset Global Investments The asset management firm [...]