Project Merlin has to avoid mistakes of past February 13, 2011 LAST week, George Osborne announced to the House of Commons that the four largest UK banks – HSBC, Barclays, RBS and Lloyds – have finally signed up to what has been dubbed project Merlin. There is no doubt this agreement is good news if it starts to rebuild the banks’ relationship with the government and [...]
Advisers line up for the biggest deal in town February 14, 2011 WHEN you’re trying to build up a franchise in mergers and acquisitions, there’s nothing better than being signed up to work on one of the biggest deals in town. So naturally Barclays Capital and RBC Capital Markets were as pleased as punch to be advising the London Stock Exchange on its £4.3bn merger with Canada’s [...]
CITY MOVES | WHO’S SWITCHING JOBS January 16, 2011 AllianceBernstein The global investment manager has appointed Wolfgang Kostner (pictured) to its distribution team. Having worked in London for Goldman Sachs Asset Management for nearly ten years in international marketing strategy, Kostner will now be based in Munich in his new role as vice president of strategic marketing and research. He will be concentrating on [...]
CITY MOVES | WHO’S SWITCHING JOBS January 16, 2011 AllianceBernstein The global investment manager has appointed Wolfgang Kostner (pictured) to its distribution team. Having worked in London for Goldman Sachs Asset Management for nearly ten years in international marketing strategy, Kostner will now be based in Munich in his new role as vice president of strategic marketing and research. He will be concentrating on [...]
World Cup is insured for over £6.2bn June 7, 2010 WHILE football fans across the world prepare for the elation and heart-break of the World Cup, insurers are ready for an even higher-stakes tournament. The month-long finals have been insured for £6.2bn according to Lloyds of London, the world’s biggest insurance market. The vast sum is made up of thousands of policies taken out by [...]
Broker team buys its way out of Brewin February 15, 2011 THE CORPORATE advisory and broking team of financial services group Brewin Dolphin has bought its way out of the company to set up a new firm. The asset manager agreed to sell the unit, which sees the departure of 55 professionals, in a deal worth £5m. The team has now established a joint venture with [...]
Broker team buys its way out of Brewin February 15, 2011 THE CORPORATE advisory and broking team of financial services group Brewin Dolphin has bought its way out of the company to set up a new firm. The asset manager agreed to sell the unit, which sees the departure of 55 professionals, in a deal worth £5m. The team has now established a joint venture with [...]
COMPANIES KEEN TO HIT THE ROAD FOR EVENTS February 27, 2011 WITH the Bribery Act and its new rules on corporate hospitality fast approaching, firms could be forgiven for dialling back the perks and avoiding client entertainment for the time being. But according to research by Keith Prowse, the big events on the UK calendar are still pulling in the punters – with next month’s 100th [...]
COMPANIES KEEN TO HIT THE ROAD FOR EVENTS February 27, 2011 WITH the Bribery Act and its new rules on corporate hospitality fast approaching, firms could be forgiven for dialling back the perks and avoiding client entertainment for the time being. But according to research by Keith Prowse, the big events on the UK calendar are still pulling in the punters – with next month’s 100th [...]
Boparan buys up Northern Foods shares January 25, 2011 BOPARAN Holdings built up its stake in takeover target Northern Foods to 11.4 per cent yesterday, after several large shareholders sold their stakes for Boparan’s 73p per share offer price. Boparan, which made its takeover bid on Friday night, said in a statement it had snapped up 22.4m shares to bring its total to 53.3m. [...]