WPP sells $500m of notes November 3, 2011 Advertising giant WPP yesterday raised $500m through the sale of 10-year senior unsecured bonds. It is understood the company will use the proceeds to refinance its existing debt. Barclays Capital, Bank of America Merrill Lynch, HSBC and Royal Bank of Scotland are thought to have led the sale, with BNP Paribas and Citigroup co-managing. The [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 19, 2012 FINANCIAL TIMES LOBBYISTS’ REGISTER UNVEILED Proposals to force all lobbyists to join a compulsory register will be set out on Friday as the government moves to toughen the regime for the industry. Launching a consultation on the sector’s governance, ministers will also take views on opening up the register to include other groups that seek [...]
M&A to dine out next year December 11, 2011 BRITAIN’S restaurants and bars sector is expected to enjoy a resurgence in mergers and acquisitions next year, thanks to a pick-up in private equity demand, a report by the accountancy firm BDO has revealed. While sales across the industry are predicted to remain subdued, top high street chains such as Yo! Sushi, Pizza Express and [...]
Miners rise on China stats despite lingering euro fear January 17, 2012 BRITAIN’S top shares rose yesterday, aided by mining stocks after data from top metals consumer China eased worries over the demand picture, although fears of a Greek default kept a lid on the gains. The UK benchmark closed up 36.51 points, or 0.7 per cent, at 5,693.95, having earlier baulked just above the near-term 5,720 [...]
Miners rise on China stats despite lingering euro fear January 17, 2012 BRITAIN’S top shares rose yesterday, aided by mining stocks after data from top metals consumer China eased worries over the demand picture, although fears of a Greek default kept a lid on the gains. The UK benchmark closed up 36.51 points, or 0.7 per cent, at 5,693.95, having earlier baulked just above the near-term 5,720 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 7, 2012 FINANCIAL TIMES Barristers face up to bankruptcy Growing numbers of criminal barristers are facing possible bankruptcy at a time the government is making cuts to legal aid funding. Figures confirm that in the last three years, 130 barristers have given notification that they are facing bankruptcy proceedings, directors disqualification proceedings or have entered into CVAs [...]
RBS considers its options on Hoare Govett December 18, 2011 ROYAL Bank of Scotland is considering the sale or closure of Hoare Govett, its legendary broking business that has worked with many of the leading companies on the FTSE 100. The bank, 83 per cent taxpayer-owned, is looking at several options for its investment bank, which could include walking away from the equities market entirely. [...]
NAB: British recovery is worse than years after the Depression April 30, 2012 THE owner of Yorkshire and Clydesdale banks has blamed its decision to cut 1,400 jobs on a British recovery that is “longer and slower” than the period after the Depression. National Australia Bank said it would take charges of $740m (£474m) after the shake-up, which follows the Eurozone slump, Britain’s flagging economy and a “double [...]
NAB: British recovery is worse than years after the Depression April 30, 2012 THE owner of Yorkshire and Clydesdale banks has blamed its decision to cut 1,400 jobs on a British recovery that is “longer and slower” than the period after the Depression. National Australia Bank said it would take charges of $740m (£474m) after the shake-up, which follows the Eurozone slump, Britain’s flagging economy and a “double [...]
Paragon eyes takeovers as earnings rise November 22, 2011 BUY to let mortgage specialist Paragon posted a surge in full-year profits yesterday and said it remained on the lookout for acquisition opportunities, having bought a portfolio off Royal Bank of Scotland last month. Paragon’s pre-tax profits for the year ending September rose 12.5 per cent from a year ago to £80.8m, helped by acquisitions [...]