HSBC Germany in talks with WestLB May 31, 2011 HSBC’S German private banking arm is in talks to buy a large part of WestLB, the nationalised German lender. Andreas Schmitz, chairman of HSBC Trinkaus & Burkhardt Rothschild, has said that the bank is “in talks” to buy a chunk of the German bank. He did not confirm which unit HSBC is looking at, but [...]
Ronson project makes first deal May 31, 2011 LONDON property tycoon Gerald Ronson’s new investment vehicle completed its maiden purchase yesterday. Ronson Capital Partners (RCP), “a club of like-minded partners” drawn mostly from the UK and the Middle East, has spent £63m on International House on Chiltern Street, Marylebone. RCP aims to demolish the 12-storey tower once the existing tenants’ lease deals expire [...]
Northumbrian posts jump in profit after review of prices June 1, 2011 NORTHUMBRIAN Water yesterday reported a higher annual pre-tax profit, helped by an increase in water and sewerage charges and steady demand from its customers. Pre-tax profit rose six per cent to £181m in the year to the end of March, slightly above estimates of £177.6m. Sales were up five per cent at £738.1m, in line [...]
Connections poised to make a call on Derby favourite Carlton House June 1, 2011 CONNECTIONS are likely to wait until tomorrow to make a decision on whether Investec Derby favourite Carlton House will run in the Epsom showpiece on Saturday. The Queen’s colt (right), forced his way to the head of the betting for the highlight of the flat racing season on the back of his eye-catching victory in [...]
Great cost cutting – but show me the growth May 12, 2011 IAN Livingston is incredibly good at cost cutting, which is just as well. The no-nonsense Scot has removed some £2.8bn of costs in the last two years alone. That is exactly what the firm needed after former chief executive Ben Verwaayen, who won a huge amount of business at the expense of margins and profits. [...]
Hats off to them! Ladies’ Day is here May 15, 2011 FOR some, the races may be about horses and finishing lines, but to many – namely the ladies – it’s all about fashion. The Investec Derby Festival, for which City A.M. is the official newspaper, is just a month away and one of the most eagerly anticipated is the Ladies Day, not least because it [...]
‘He’s only 19’: Pour Moi trainer sticks up for Barzalona June 5, 2011 INVESTEC Derby-winning trainer Andre Fabre has defended 19-year-old jockey Mickael Barzalona for beginning his celebration before he had clinched a famous victory in Saturday’s Classic at Epsom. The precocious Barzalona stood up in his riding irons and saluted the 120,000-strong crowd as Pour Moi neared the end of a race in which he put the [...]
Cecil’s Editor to storm into the Investec Derby Picture October 28, 2010 THERE is just over a week to go until the end of the flat season and Henry Cecil can end a memorable campaign by landing the Zetland Stakes with the highly promising PICTURE EDITOR. The immaculately bred son of Dansili landed a red hot Doncaster maiden on his debut and has since won a heavy [...]
Epsom’s French fancy May 26, 2011 WITH just over a week to go until the Investec Derby, racing’s good, bad and ugly gathered on Epsom Downs yesterday morning for the racecourse’s annual ‘Breakfast with the Stars’. The event offers up the opportunity for any horse entered in the world’s most famous race to exercise on the track and sample its undulations, [...]
Epsom’s French fancy May 26, 2011 WITH just over a week to go until the Investec Derby, racing’s good, bad and ugly gathered on Epsom Downs yesterday morning for the racecourse’s annual ‘Breakfast with the Stars’. The event offers up the opportunity for any horse entered in the world’s most famous race to exercise on the track and sample its undulations, [...]