There’s no place like Cheltenham March 13, 2011 A is for Atmosphere – The roar of the tapes going up for the start of the Supreme Novices’ Hurdle is enough to send shivers down the spine of the calmest of human beings. When the commentator mentions the hot favourite “is absolutely cruising” rounding the home turn, the noise carries you along. B is [...]
Xcite seals North Sea discovery January 4, 2011 OIL explorer Xcite said yesterday it has suspended its well in the Bentley field of the North Sea while it examines the quality of the oil found in December. The company said the oil find is a “transformational well for the company” and that it remains ready to be used as a production well in [...]
Keep your tech side secure with these gizmos January 26, 2011 TECH TALK THERE are millions out there who envy the City and its wealth generators. With mobile theft and hacking on the rise, you’d better secure yourself. Phone hacking is a case in point. A “hack’” can only hear your mobile messages if you don’t choose a new password. If you keep the default password, [...]
Punch Taverns urged to make debt default December 6, 2010 PUNCH Taverns, the heavily indebted pubs group, has been urged by a City analyst to default on two securitised loans worth around £2.6bn. The loans, known as A and B, have been securitised against 5,300 pubs. They currently require increasing levels of financial support from the parent company, currently around £43m a year, and yesterday [...]
Punch Taverns urged to make debt default December 6, 2010 PUNCH Taverns, the heavily indebted pubs group, has been urged by a City analyst to default on two securitised loans worth around £2.6bn. The loans, known as A and B, have been securitised against 5,300 pubs. They currently require increasing levels of financial support from the parent company, currently around £43m a year, and yesterday [...]
What the other papers say this morning February 9, 2011 FINANCIAL TIMES TPG LOSES ANOTHER SENIOR ASIA EXECUTIVE Mary Ma, a Chinese executive at TPG Capital, is leaving to start a fund, joining other mainland executives from western buy-out firms who will start out on their own. Ma, former chief financial officer of Lenovo, joined TPG’s Asia team as managing director and a partner in [...]
What the other papers say this morning February 9, 2011 FINANCIAL TIMES TPG LOSES ANOTHER SENIOR ASIA EXECUTIVE Mary Ma, a Chinese executive at TPG Capital, is leaving to start a fund, joining other mainland executives from western buy-out firms who will start out on their own. Ma, former chief financial officer of Lenovo, joined TPG’s Asia team as managing director and a partner in [...]
Cable demotion cheers Murdoch December 21, 2010 James Murdoch, the chairman of British Sky Broadcasting, was said to be “cock-a-hoop” last night, after Vince Cable was stripped of his role in deciding whether the satellite broadcaster can be taken over by News Corp. Sources close to Murdoch, who is also chief executive of News Corp in Europe and Asia, said Cable’s demotion [...]
Cable demotion cheers Murdoch December 21, 2010 James Murdoch, the chairman of British Sky Broadcasting, was said to be “cock-a-hoop” last night, after Vince Cable was stripped of his role in deciding whether the satellite broadcaster can be taken over by News Corp. Sources close to Murdoch, who is also chief executive of News Corp in Europe and Asia, said Cable’s demotion [...]
Inflexion in £25.5m buyout of Asperity December 2, 2010 MID-MARKET private equity house Inflexion acquired Asperity Employee Benefits in a £25.5m buyout yesterday. Asperity, a market leader at providing employee benefits such as discount and reward schemes, has more than 500 clients including BSkyB, Aviva and Ladbrokes and attracts about £150m of retail spend through its platform each year. Inflexion co-founder John Hartz said [...]