CITY VIEWS: SHOULD LARGE COMPANIES BE LED BY ONE PERSON OR A BOARD OF DIRECTORS? February 23, 2011 KEN SDEAN | LLOYDS “A face will represent a brand if the market perceives strong leadership, but there are many contributors behind every successful business.” PETER WILLIAMS | XCHANGING “The success of a company should not rely on a single person entirely. A directorial board brings more in terms of ideas and options.” TYRAN FALLAN [...]
Brit Insurance rejects improved Apollo bid July 2, 2010 LLOYDS of London insurer Brit Insurance has rejected an improved takeover proposal from US buyout firm Apollo Management. However, it indicated that it was open to further offers. A possible revised offer of £10.50 per share, up from an original bid of £10 “undervalues the company,” and is not an acceptable basis for takeover talks, [...]
ITV CREWS CATCH BANKERS ON CAMERA FOR NEW LEGAL DRAMA April 11, 2011 LUNCHBREAKS for the employees of Bank of New York Mellon Asset Management will never be the same again, after ITV rolled into the firm’s neighbourhood last Thursday to film its new legal drama The Jury. The ITV camera crews have been filming on location just a stone’s throw from BNY Mellon’s Queen Victoria Street HQ [...]
ITV CREWS CATCH BANKERS ON CAMERA FOR NEW LEGAL DRAMA April 11, 2011 LUNCHBREAKS for the employees of Bank of New York Mellon Asset Management will never be the same again, after ITV rolled into the firm’s neighbourhood last Thursday to film its new legal drama The Jury. The ITV camera crews have been filming on location just a stone’s throw from BNY Mellon’s Queen Victoria Street HQ [...]
Go off to see the Wizard March 3, 2011 THE Wizard of Oz is a surprisingly polarising story. For some, the merest hint of “somewhere over the rainbow” brings tears to their eyes. And Judy Garland as Dorothy – well, enough said. Others, though, find it a deeply sinister plot, shot through with unforgiveable cloying cliché. One critic recently commented that on his first [...]
Brit Insurance turns up heat on Apollo with £48m profit July 25, 2010 BRIT INSURANCE, the Lloyd’s of London reinsurer, will turn up the heat on US private equity suitor Apollo on Wednesday when it says it bounced back into first-half profit. Brit, which sponsors the England cricket team, is expected to say it generated a pre-tax profit of £48m in the six months to June compared with [...]
BORIS SEEKS THE NEXT BLANKFEIN IN LONDON’S POOREST POSTCODES March 24, 2011 ANY City recruiters out there with a nose for talent will be interested to hear about the latest initiative from Boris Johnson’s Fund for London – a scheme to help disadvantaged young Londoners have a better shot at the UK jobs market. Young London Working provides a central employment hub to connect jobless young people [...]
Amlin in £75m share buyback despite hit from catastrophes March 2, 2011 COMMERCIAL insurer Amlin saw earthquake losses cut its 2010 profit by almost half but cheered the market with a dividend hike and £75m share buyback yesterday. The Lloyd’s (re)insurer took more than £220m in catastrophe losses including £203.6m from earthquakes in New Zealand and Chile last year, pushing pre-tax profit to £259.2m from £509.1m in [...]
FTSE shares rebound but debt worries still dog bank stocks April 19, 2011 STRENGTH in oversold commodity issues fuelled a modest rally by Britain’s top share index yesterday, while sovereign debt worries continued to dog banking stocks. At the close, the FTSE 100 index was up 26.79 points, or 0.5 per cent at 5,896.87, having dropped 2 per cent on Monday to hit its lowest level since March [...]
2012 tickets: Ready, set, go March 14, 2011 THE ticket application process for the London 2012 Olympic Games finally opens today, and they are sure to be hot property so City A.M. has put together an easy guide designed to make the process as easy as possible. 1. it’s NOT FIRST COME, FIRST SERVED While the application process opens today, it lasts for six [...]