DOWNTON’S CREATOR IN NEW DRAMA AT NOMURA October 16, 2011 SUNDAYS have taken on new meaning for Nomura’s joint head of global equities Benoit Savoret, ever since Downton Abbey returned to the nation’s screens. So let’s hope the twists and turns of the First World War drama haven’t been spoiled for Savoret and his colleagues William Vereker, Paul Spanswick and Brett Olsen, after Nomura’s senior [...]
CITY MOVES | WHO’S SWITCHING JOBS October 11, 2011 LaSalle Investment Management The global real estate investment manager has announced the appointment of Chris Brett in the newly-created position of European head of strategic partnerships. Brett joins LaSalle Investment Management from Jones Lang LaSalle, where he headed the international desk in London and focused on advising major investors from the Middle East, Asia Pacific [...]
NBNK confirms bid for Lloyds branches September 29, 2011 New British bank venture NBNK has submitted a second-round bid for some 630 Lloyds bank branches, NBNK confirmed which sources saying it could be worth £1.5bn. The auction — codenamed “Project Verde” — offers a chance to create Britain’s seventh-biggest bank in one fell swoop. The sale includes 4.6 percent of personal current accounts and [...]
NBNK suspends shares ahead of possible deal September 6, 2011 NEW banking venture NBNK Investments suspended its shares yesterday as it confirmed it was in talks that could lead to its maiden acquisition. However, the bank declined to name its target, despite sources yesterday confirming that it would look to buy the UK operations of National Australia Bank. “There can be no certainty that a [...]
NBNK suspends shares ahead of possible deal September 6, 2011 NEW banking venture NBNK Investments suspended its shares yesterday as it confirmed it was in talks that could lead to its maiden acquisition. However, the bank declined to name its target, despite sources yesterday confirming that it would look to buy the UK operations of National Australia Bank. “There can be no certainty that a [...]
Weaker mining and energy prices drag the FTSE down October 31, 2011 BRITAIN’S top share index fellback yesterday, led by weaker miners and energy issues, as commodity prices retreated under the influence of a firmer dollar and worries over demand from China, with banks also under pressure after recent gains. Miners and integrated oil stocks took over 30 points off the UK blue chip index, as they [...]
British Land taps US investors in record $480m private placement September 8, 2011 BRITISH Land, the second-largest UK real estate investment trust (REIT), has closed a $480m (£300.6m) US private placement bond issue, taking the total funds it has raised since May to $860m, it said yesterday. It is the largest US private placement by a UK REIT, involving 12 investors and a range of maturities between seven [...]
RBS hires execs in China August 15, 2011 The Royal Bank of Scotland Group announced yesterday that it has appointed two senior bankers for its team in China, looking to gain ground in the country’s booming capital markets. Qing Cheng Hua has been named as the executive for its local unit in China and Charles Zhuo Xiao as managing director, China origination.
Markets hit by MF Global bankruptcy October 31, 2011 MARKETS plunged in London and New York yesterday as MF Global, the $41bn brokerage, became the first big American casualty of the European sovereign debt crisis. MF Global Holdings filed for Chapter 11 bankruptcy protection in the US following the collapse of a last-minute deal to sell off assets. It became the eighth-largest bankruptcy in [...]
Europe’s shares sink to a two-week low September 5, 2011 EUROPEAN stocks tumbled yesterday to their lowest close in more than two weeks, as debt-induced recession worries continued to weigh. The FTSEurofirst 300 index of leading European shares fell 4.1 per cent to 910.06 points, the lowest close since 19 August. The Euro Stoxx 50 dropped even more heavily, down 5.1 per cent on the [...]