LORD FINK WARMS UP FOR PARTY MARATHON September 7, 2011 HE HAS survived running the world’s largest hedge fund and managing the books for the Conservative Party. But the test that will really prove the making of Lord Stanley Fink is a 24-hour, country-hopping bender from London to Spain. Next Thursday, Fink and his business associate David Johnstone, who co-founded the luxury brands holding company [...]
Beazley drops offer for Hardy Underwriting December 14, 2010 Lloyd’s of London insurer Beazley said it dropped its possible offer of up to 350 pence a share for rival Hardy Underwriting, saying that Hardy had sought a much higher price. “At a meeting between the two companies on 13 December, Hardy’s advisers confirmed that the Hardy board would only be prepared to recommend a [...]
Beazley drops offer for Hardy Underwriting December 14, 2010 Lloyd’s of London insurer Beazley said it dropped its possible offer of up to 350 pence a share for rival Hardy Underwriting, saying that Hardy had sought a much higher price. “At a meeting between the two companies on 13 December, Hardy’s advisers confirmed that the Hardy board would only be prepared to recommend a [...]
MAYFAIR’S FINANCIERS HELP EAT ALL THE PIES October 18, 2011 PIES AND prosecco were yesterday on the menu at Dartmouth House at Mayfair’s answer to the long-running annual Gull’s Eggs lunch. Mayfair hedge fund managers met hotel brokers at the Macmillan Cancer Support fundraiser, including Jones Lang LaSalle’s Jonathan Goldman, who has a personal connection to the cause, having recently endured a 20-hour operation for [...]
Hong Kong: UK banks welcome September 13, 2011 BRITISH banks looking to move abroad would be welcome in Hong Kong, the country’s chief executive Donald Tsang said yesterday. Tsang said that he would “absolutely” be happy to see HSBC and Standard Chartered move their headquarters from the City. “If HSBC or Standard Chartered were to change headquarters it would not undermine their business [...]
Greek crisis saps market confidence October 3, 2011 Banks were the biggest fallers across Europe on opening this morning after Greece admitted it will not meet 2011-2012 deficit targets imposed by international lenders as part of the country’s bailout. The sector was down 3.7 per cent on the pan-European FTSEurofirst 300 index, illustrating the problem for financial institutions saddled with burden of the [...]
UBS has little scope to outflank Joe Lewis September 26, 2011 THE spotlight, when it comes to UBS, is currently on where the investment bank goes from here, but elsewhere there are teams of bankers getting on with their day jobs. In London, Nick Reid and his team are trying to do the impossible; advise the pubs group Mitchells & Butler on how it might get [...]
UBS has little scope to outflank Joe Lewis September 26, 2011 THE spotlight, when it comes to UBS, is currently on where the investment bank goes from here, but elsewhere there are teams of bankers getting on with their day jobs. In London, Nick Reid and his team are trying to do the impossible; advise the pubs group Mitchells & Butler on how it might get [...]
Global markets dragged down by Eurozone crisis September 26, 2011 Gains by banks were outweighed by heavy losses among miners in early trading today as Eurozone bailout fears and bleak forecasts on world economic growth cast a shadow over markets. After last week’s rollercoaster ride, volatility looked set to continue as Eurozone leaders conceded that they would have to pump in trillions to have an [...]
Bregal Capital in exclusive talks with Irish group IFG August 31, 2011 PRIVATE equity firm Bregal Capital entered into exclusive talks with Irish financial services company IFG Group yesterday over a possible €231m (£204m) buyout. Dublin-based IFG said Bregal Capital, which is already a backer of Lloyd’s insurance company Canopius, had proposed making a cash offer of €1.80 for each IFG share and would also pay a [...]