CITY MOVES | WHO’S SWITCHING JOBS October 25, 2011 Pemberton Capital Advisors The private equity firm has appointed Christopher Higgins as chief operating officer and Sarah Whitehead (pictured) as internal legal council. Prior to joining Pemberton, Higgins was chief adminstration officer of the non-core division of RBS and held a number of management roles in the debt and credit markets businesses of RBS’s global [...]
Clegg under fire after calls for infrastucture spending September 14, 2011 DEPUTY Prime Minister Nick Clegg’s proposals to boost the economy by prioritising infrastructure spending were rejected by several economists and business leaders yesterday. Clegg’s plans for speeding up spending on projects like Crossrail and boosting the M25’s capacity “will not bring about growth,” warned Mark Littlewood from the Institute of Economic Affairs (IEA). “What we need [...]
THE BREAKDOWN | WORLD CUP BRIEFS September 20, 2011 CONTEPOMI COY ON SCOTS ARGENTINA captain Felipe Contepomi is staying tight-lipped on his hopes of facing Scotland in Sunday’s crucial Pool B showdown. The Pumas fly-half is being tipped to recover from a rib injury for a match that is likely to decide who joins England in the last eight. But Contepomi said: “If I’m [...]
BSkyB operating profit up 23pc July 29, 2011 Satellite broadcaster BSkyB has seen a 23 per cent rise in operating profit to £1.07bn. The figures came as the company announced that it is returning £750m to shareholders angered by the recent fall in share prices. BSkyB is raising its dividend 20 per cent to 23.28 pence per share. It also grew its customer [...]
Balfour Beatty snaps up firm of office fitters in deal worth £8m August 22, 2011 INFRASTRUCTURE giant Balfour Beatty has snapped up a firm of office fitters for £8m, it said yesterday. Office Projects Group, which has worked on Balfour projects in the past, specialises in fitting out British offices. It recently completed a £4.3m fit-out at the offices of Ignis Asset Management at 150 Cheapside. Other blue-chip clients include [...]
Balfour Beatty snaps up firm of office fitters in deal worth £8m August 22, 2011 INFRASTRUCTURE giant Balfour Beatty has snapped up a firm of office fitters for £8m, it said yesterday. Office Projects Group, which has worked on Balfour projects in the past, specialises in fitting out British offices. It recently completed a £4.3m fit-out at the offices of Ignis Asset Management at 150 Cheapside. Other blue-chip clients include [...]
THE BREAKDOWN | WORLD CUP BRIEFS September 28, 2011 GEORGIA’S DERBY DELIGHT MAMUKA GORGODZE’S solitary try enabled Georgia to celebrate a historic 25-9 win over Romania in the battle of the Pool B minnows. The open-side flanker went over 16 minutes into the second period, while fly-half Merab Kvirikashvili kicked 17 points and Malkhaz Urjukashvili three more. The result sees Georgia move up to [...]
Warren Buffett taken on new asset manager as part of succession plans September 12, 2011 BILLIONAIRE investor Warren Buffett (pictured right) advanced his succession plan yesterday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway. Weschler, 50, will start at the company early next year and work with Todd Combs, who joined Berkshire last [...]
Hedgies nurse losses after BSkyB sell-off July 13, 2011 THE frantic sell-off of BSkyB shares following the collapse of News Corp’s bid cost arbitrage investors hundreds of millions of pounds as they liquidated their holdings overnight, data showed yesterday. BSkyB’s share price has plunged 18 per cent in the past week as merger arbitrage funds, which buy shares in both a target company and [...]
Hedgies nurse losses after BSkyB sell-off July 13, 2011 THE frantic sell-off of BSkyB shares following the collapse of News Corp’s bid cost arbitrage investors hundreds of millions of pounds as they liquidated their holdings overnight, data showed yesterday. BSkyB’s share price has plunged 18 per cent in the past week as merger arbitrage funds, which buy shares in both a target company and [...]