WHAT THE OTHER PAPERS SAY THIS MORNING November 3, 2010 FINANCIAL TIMES PRIVATE EQUITY PLANS €10BN OF PASS-THE-PARCEL DEALS Private equity groups are working on bids for European companies owned by rival buy-out firms worth more than €10bn ($14bn) in total as the industry looks set to keep churning assets through “pass-the-parcel” deals. MIZUHO EXECUTIVE ARRESTED IN FSA PROBE A Mizuho International executive has been [...]
Insurer Hardy rebuffs offer from Beazley October 18, 2010 Lloyd’s of London insurer Beazley yesterday said it still hoped to clinch a takeover of Hardy Underwriting after its smaller peer rejected an initial 300p per share approach this month. Dublin-based Beazley said its proposed cash offer on 6 October valued Hardy at about £155m. The approach, which represented a 36 per cent premium to [...]
CITY MOVES | WHO’S SWITCHING JOBS October 31, 2010 Marriott Harrison The City law firm has taken on Hadleigh Graves as a partner in its media and technology practice. Graves was previously a partner at music specialist law firm Statham Gill Davies and also an M&A and private equity lawyer at Ashurst. He has particular expertise in music industry-based M&A and joint ventures, as [...]
CITY WELCOMES A DOSE OF FESTIVITY AND OPTIMISM October 28, 2010 “AN EVENING of festivity and optimism” was the way in which our editor Allister Heath introduced City A.M.’s inaugural awards ceremony last night, and the evening did not fail to live up to expectations. After years of gloom-mongering and banker-bashing, what better way to acknowledge the role of the City in bringing the economy back [...]
CITY PAYS ITS DEEPEST RESPECTS TO BRITAIN’S FALLEN WAR HEROES November 11, 2010 SILENCE blanketed the City of London yesterday at 11am, to mark the anniversary of Armistice Day, the end of the First World War. The largest remembrance ceremony took place at Lloyd’s of London, where 5,000 members of the insurance market gathered on the trading floor to watch on as their chairman Lord Levene and Lord [...]
Rail revolution opens new areas for commuters December 2, 2010 ASK any Londoner what irritates them most about the city and they will say two things. First, the transport is rubbish and second, it is too hard to buy a decent, affordable home. For families who want their children to grow up outside London, the misery of the commute has to be weighed against the [...]
Time Out owner sells £10m stake November 25, 2010 Oakley Capital has bought a 50 per cent stake in Time Out, in a deal that values the iconic magazine at more than £20m. Founder Tony Elliot has been searching for an investor but was determined to resist being snapped up by a larger media company. He is understood to have made at least £3m [...]
G20 agreement on currencies propels FTSE 100 up despite fall in bank stocks October 25, 2010 BRITAIN’S top shares ended higher yesterday, supported by strength in miners as metals and crude prices rose amid a weaker dollar after G20 finance ministers agreed to avoid competitive currency devaluations. At the close, the FTSE 100 was up 10.61 points, or 0.2 per cent, at 5,751.98, just below last Thursday’s six-month closing high. It [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 12, 2010 FINANCIAL TIMES CREDIT SUISSE TO ISSUE COCOS EARLY Credit Suisse’s chief executive said he hoped to begin issuing billions of dollars in contingent-capital bonds in the next year to help shore up the bank’s financial strength well ahead of new Swiss regulations. Brady Dougan also defended Credit Suisse’s decision to award one-off payments to about [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 12, 2010 FINANCIAL TIMES CREDIT SUISSE TO ISSUE COCOS EARLY Credit Suisse’s chief executive said he hoped to begin issuing billions of dollars in contingent-capital bonds in the next year to help shore up the bank’s financial strength well ahead of new Swiss regulations. Brady Dougan also defended Credit Suisse’s decision to award one-off payments to about [...]