What the other papers say this morning December 21, 2010 FINANCIAL TIMES EMERGING MARKETS DEALS LEAD 16 PER CENT RISE IN M&A Dealmaking in emerging markets helped power a 16 per cent rise in global mergers and acquisition activity this year as companies moved to spend their cash piles outside of their home markets. Companies in developing countries struck 2,570 deals worth a total $502.6bn [...]
Brit set to announce takeover October 25, 2010 Brit Insurance is expected to announce its £870m sale to private equity pair Apollo and CVC Capital today, at the same time as its third-quarter results. The Lloyd’s of London insurer and sponsor of the England cricket team agreed a deal in principle in September, with the joint buyers paying £10.45 a share.
Brit set to announce takeover October 25, 2010 Brit Insurance is expected to announce its £870m sale to private equity pair Apollo and CVC Capital today, at the same time as its third-quarter results. The Lloyd’s of London insurer and sponsor of the England cricket team agreed a deal in principle in September, with the joint buyers paying £10.45 a share.
THE MEN GOING PAUNCH TO PAUNCH IN 2010 FAT BANKERS COMPETITION December 16, 2010 WITH another eight days to go before the turkey is even dished out, some of us may have already had our share of mince pies and bucks fizz. But not everyone has been so indulgent. Two bankers in particular have successfully resisted the temptations of the festive season and are on track to shed almost [...]
THE MEN GOING PAUNCH TO PAUNCH IN 2010 FAT BANKERS COMPETITION December 16, 2010 WITH another eight days to go before the turkey is even dished out, some of us may have already had our share of mince pies and bucks fizz. But not everyone has been so indulgent. Two bankers in particular have successfully resisted the temptations of the festive season and are on track to shed almost [...]
Chaucer aims to grow car insurance arm November 18, 2010 INSURER Chaucer will expand its UK motoring operations as part of an ambitious new growth strategy. It says the push into motoring insurance will involve a “significant” presence on price-comparison websites. Chaucer wants to balance its exposure to the catastrophe business, which offers high returns but high volatility, with a greater input to the lower-risk [...]
Chaucer aims to grow car insurance arm November 18, 2010 INSURER Chaucer will expand its UK motoring operations as part of an ambitious new growth strategy. It says the push into motoring insurance will involve a “significant” presence on price-comparison websites. Chaucer wants to balance its exposure to the catastrophe business, which offers high returns but high volatility, with a greater input to the lower-risk [...]
Reform needed – but City vital to UK December 15, 2010 AT last, some facts to enlighten a debate mired in hysteria, demagoguery and ignorance. The much-maligned financial services industry contributed an estimated £53.4bn to UK government taxes in the 2009/10 financial year, 11.2 per cent of the total UK tax take, according to a report today from the City of London Corporation. The banks are [...]
Lloyd’s insurer Beazley loses cancer battle October 14, 2010 LLOYD’S of London insurer Beazley yesterday announced that its co-founder and deputy chairman Andrew Beazley had died aged 57, three years after first being diagnosed with cancer. Beazley was chief executive of the business for 22 years of its 24-year history. The group launched in 1986 and is now one of the largest names in [...]
UKFI to delay bank stake sale to influence lending October 25, 2010 PRIME Minister David Cameron yesterday indicated that the government will opt to retain its stakes in the banks for a while longer in order to influence their SME (small and medium sized enterprise) lending policies, rather than selling them off as soon as possible to maximise value for the taxpayer. Cameron, speaking at the CBI’s [...]