RBS in talks for business bank May 16, 2010 Royal Bank of Scotland is in exclusive talks to buy Whiteaway Laidlaw, which is a tiny Manchester-based business bank. The part-nationalised lender is working on a bid through its private equity arm to buy the bank, which is a subsidiary of the Manchester Building Society. Banks such as Whiteaway Laidlaw are usually attractive to new [...]
CITY MOVES | WHO’S SWITCHING JOBS June 23, 2010 JP Morgan India Gary-Martin has joined the investment bank as global head of location strategy and performance metrics. Gary-Martin was previously at the Royal Bank of Scotland, where she led the implementation of the government’s asset protection scheme for the bank’s global banking and markets division. She is also president of the City Women’s Network [...]
CITY MOVES | WHO’S SWITCHING JOBS June 23, 2010 JP Morgan India Gary-Martin has joined the investment bank as global head of location strategy and performance metrics. Gary-Martin was previously at the Royal Bank of Scotland, where she led the implementation of the government’s asset protection scheme for the bank’s global banking and markets division. She is also president of the City Women’s Network [...]
BEST OF THE BROKERS June 10, 2010 MISYS Morgan Stanley raises its price target for Misys to 300p with an “overweight” rating saying the announcement of the share placing by Allscripts crystallises the value of healthcare. Morgan Stanley said it expects the positive stock reaction to continue. Misys estimates $1.35bn in proceeds from the share placing. ESSAR ENERGY JP Morgan Cazenove initiates [...]
BEST OF THE BROKERS June 10, 2010 MISYS Morgan Stanley raises its price target for Misys to 300p with an “overweight” rating saying the announcement of the share placing by Allscripts crystallises the value of healthcare. Morgan Stanley said it expects the positive stock reaction to continue. Misys estimates $1.35bn in proceeds from the share placing. ESSAR ENERGY JP Morgan Cazenove initiates [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2010 FINANCIAL TIMES LIVERPOOL FC AUCTION ATTRACTS GLOBAL INTEREST Global interest in the auction of Liverpool Football Club intensified on Monday with prospective bidders emerging from Hong Kong and the Middle East. Chinese sports entrepreneur Kenneth Huang has made an approach to Liverpool’s bankers Royal Bank of Scotland and US-based Wachovia seeking support for a deal, [...]
BEST OF THE BROKERS June 9, 2010 NOVARTIS Citigroup gives Novartis a “buy” rating but warns that the commercial opportunity for drug Gilenia could be restricted by FDA safety concerns. Citi said its forecasts for sales of $780m by 2014 do not seem conservative and the appeal of the stock is the above-average earnings per share growth and low valuation. SABMILLER JP [...]
BEST OF THE BROKERS June 9, 2010 NOVARTIS Citigroup gives Novartis a “buy” rating but warns that the commercial opportunity for drug Gilenia could be restricted by FDA safety concerns. Citi said its forecasts for sales of $780m by 2014 do not seem conservative and the appeal of the stock is the above-average earnings per share growth and low valuation. SABMILLER JP [...]
BEST OF THE BROKERS June 7, 2010 THE RESTAURANT GROUP Evolution Securities has initiated coverage of The Restaurant Group (RTN) with a “buy” rating. Evolution said the group’s earnings should double in the next 10 years – five years under its bull case. While the near–term outlook remains uncertain, according to Evolution, RTN’s strong cash generation and trading resilience reassure. AVEVA Aveva [...]
Battle for RBS branches heats up May 16, 2010 Santander, the frontrunner to buy £1.5bn of bank branches put up for sale by Royal Bank of Scotland, faces increased competition. National Australia Bank and BBVA, who are also in the running for the assets, are understood to have held talks about teaming up for a bid through a joint venture. Santander sees the RBS [...]