Treasury met Abu Dhabi to discuss start of RBS sell-off March 26, 2012 THE Treasury has held talks about selling a stake in Royal Bank of Scotland to Abu Dhabi, it emerged last night. Officials have spoken to the emirate’s sovereign wealth funds over the course of several months. Sources said, however, that talks have not reached an advanced stage and a deal is not imminent. The government [...]
Hands close to £820m deal for Four Seasons April 29, 2012 GUY Hands is set to win the battle for control of Four Seasons Health Care and could clinch a deal as soon as today. The Terra Firma private equity boss has moved ahead of a consortium of Patron Capital and Formation Capital and is expected to pay around £820m for the group, a market leader [...]
Hands close to £820m deal for Four Seasons April 29, 2012 GUY Hands is set to win the battle for control of Four Seasons Health Care and could clinch a deal as soon as today. The Terra Firma private equity boss has moved ahead of a consortium of Patron Capital and Formation Capital and is expected to pay around £820m for the group, a market leader [...]
Ulster Bank set for €1bn sale of property assets March 6, 2012 ULSTER Bank, the troubled Irish business unit of Royal Bank of Scotland, is readying itself to sell off assets worth €1bn (£833m) according to a source close to the situation. This could see Ulster Bank competing against the state-run National Asset Management Association (NAMA) in trying to offload property portfolios in Ireland. Ulster Bank, which [...]
CITY MOVES WHO’S SWITCHING JOBS April 24, 2012 DC Advisory Partners The corporate finance advisory firm has announced the appointment of Terry Huffine as executive director in its European consumer, leisure and retail team. Huffine joins after eight years with ABN AMRO and, following its acquisition, at the Royal Bank of Scotland, where he was a director on the consumer team. He also [...]
CITY MOVES WHO’S SWITCHING JOBS April 24, 2012 DC Advisory Partners The corporate finance advisory firm has announced the appointment of Terry Huffine as executive director in its European consumer, leisure and retail team. Huffine joins after eight years with ABN AMRO and, following its acquisition, at the Royal Bank of Scotland, where he was a director on the consumer team. He also [...]
Game over as group calls in administrator March 21, 2012 GAME Group is set to go into administration after the crisis-hit retailer admitted talks with stakeholders had stalled and that equity in the group was worthless. The video games retailer, which employs 10,000 staff, requested that its shares be suspended from trading on the London Stock Exchange yesterday before filing its intention to appoint an [...]
Banks chiefs cheer a better start to 2012 March 27, 2012 SENIOR executives at Barclays and HSBC signalled a strong start to the year yesterday while shares in Royal Bank of Scotland jumped on hopes of investment from the Abu Dhabi ruling family. Bob Diamond, chief executive of Barclays, said investment banking volumes had shown a “pleasing increase” while the retail business had performed well. “Two [...]
Banks chiefs cheer a better start to 2012 March 27, 2012 SENIOR executives at Barclays and HSBC signalled a strong start to the year yesterday while shares in Royal Bank of Scotland jumped on hopes of investment from the Abu Dhabi ruling family. Bob Diamond, chief executive of Barclays, said investment banking volumes had shown a “pleasing increase” while the retail business had performed well. “Two [...]
RBS to slim down Asian business March 20, 2012 Royal Bank of Scotland is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, Korea and Singapore in the latest move to cut the size of its struggling investment bank. The decision sheds light on the British lender’s recent agreement with CIMB Group Holdings Bhd for [...]