What the other papers say this morning November 22, 2012 FINANCIAL TIMES State Street in pension fee probe UK regulators are investigating allegations that State Street overcharged Ireland’s state pension fund and several big UK corporate pension funds, including those of the Royal Mail and J Sainsbury, billing them for fees not included in their contracts, according to people familiar with the matter. Ireland’s national [...]
UK firms have had mixed fortunes in the United States December 5, 2012 CADBURY SCHWEPPES Bought Dr Pepper/Seven Up in 1995. Then in 2000 bought the Snapple Group. Combined the two, but had to demerge its US fizzy drinks business by May 2008, so spun off Dr Pepper Snapple Group in a listing on the New York Stock Exchange. MARKS & SPENCER Bought the 155-store male outfitter Brooks [...]
Being good helps business prosper November 20, 2012 How the Corporate Governance Code had some positive results IF YOU’RE prepared to spend up to £5,000, there’s still time to get front row seats to a celebration of 50 years of “the greatest rock and roll band in the world” – the Rolling Stones are playing at the O2 at the end of November. [...]
Barclays looks to bring fresh talent to board October 25, 2012 BARCLAYS is planning a gradual realignment of its board in the coming months, with some of the longer-serving members preparing to make way for fresh blood. The bank has no set limit or target size for the board and chairman Sir David Walker is known to be on the lookout for new talent. The bank [...]
What the other papers say this morning October 22, 2012 FINANCIAL TIMES Lloyds eyes banker bonus shake-up Lloyds Banking Group is examining whether to ditch the concept of annual bonuses for senior staff and extend the timeframe of longer-term incentives to up to 10 years, according to people briefed on a project to overhaul remuneration. Xstrata unfairly disparaged says boss The board of Xstrata has [...]
Advisers Deutsche bank October 25, 2012 JAMES AGNEW DEUTSCHE BANK Deutsche Bank and UBS are acting as joint lead managers and joint bookrunners on the placing. The team from Deutsche Bank was led by James Agnew, chairman of UK corporate broking. Agnew has been with Deutsche Bank for 10 years, having previously been head of corporate broking at Merrill Lynch. He [...]
Smith & Nephew buys skin heal firm in bid to dominate sector November 28, 2012 MEDICAL technology firm Smith & Nephew yesterday continued its push into the wound healing market by striking a $782m (£487.5m) deal to buy a US company specialising in spray-on treatment for cuts and grazes. The FSTE 100 listed company will buy the assets of Texas-based Healthpoint Biotherapeutics in a $782m all cash deal as it [...]
New UK takeover rules lessen uncertainty for target firms September 18, 2012 NEW measures to identify takeover bidders and tighter offer rules have almost halved the amount of time that target firms spend “under siege”, research out today claims. In a wide-ranging survey to mark the first anniversary of UK’s new Takeover Code – brought in partly as a response to the furore over Kraft’s acquisition of [...]
Dollar Thrifty accepts $2.3bn Hertz merger August 27, 2012 HERTZ Global Holdings yesterday announced it has struck a deal to buy Dollar Thrifty for $2.3bn (£1.45bn), ending a protracted battle to take control of the rival car rental firm. The merger will see Hertz pay $87.50 per share in cash for Dollar Thrifty, representing an eight per cent premium to its closing price of [...]
…as ex-takeover boss joins ABI July 17, 2012 ROBERT Hingley, a former director general of the City’s Takeover Panel, was yesterday appointed to the Association of British Insurers to be its new director of investment affairs. Hingley, whose stay at the Takeover Panel was prolonged when his successor got caught up in a conflict of interest over the Cadbury/Kraft takeover, has had 30 [...]