PARTY HOPPING AS TCHENGUIZ TWO SAY THE CANNES SHOW MUST GO ON March 10, 2011 THE Capitalist was amused to see that the statement made on behalf of the Tchenguiz brothers following their release without charge on Wednesday night made it clear the pair are “free to travel”. Why so critical that the property tycoons, who were arrested by the Serious Fraud Office and held for 12 hours in connection [...]
HMV shares dive as profit warning bites March 1, 2011 HMV shares plunged yesterday after the struggling retailer warned that its profit was likely to miss targets. The book, CD and DVD company also said it would have to renegotiate some of its loan agreements as it struggles to steady the business. HMV insisted it is not yet in breach of any of its lending [...]
CSC clashes with investor over mall bid December 8, 2010 A ROW between Capital Shopping Centres (CSC) and one of its biggest shareholders boiled over yesterday over the property firm’s plan to buy the Trafford Centre. Simon Property Group, which owns five per cent of CSC, has slammed the bid and says it will rethink its plans to make an offer to buy the whole [...]
KKR’s £1bn bid for Perpetual is called off December 20, 2010 AUSTRALIAN wealth manager Perpetual has called off talks with private equity firm Kohlberg Kravis Roberts over a $1.7bn (£1.09bn) takeover saying the approach undervalued the company, knocking its shares down by nearly 15 per cent. KKR made an indicative bid of A$38 to A$40 per Perpetual share in October, eyeing a slice of the $1.2 [...]
FSA recruits two new senior advisers to boost banking and risk departments December 6, 2010 CITY watchdog the Financial Services Authority (FSA) yesterday appointed two new senior advisers to strengthen its investment banking and risk management expertise. Simon Prior-Palmer, who will advise on investment banking issues, has more than 30 years’ experience, including as managing director of Credit Suisse’s UK investment banking division. Robert Stansbury, who will advise on risk [...]
FSA recruits two new senior advisers to boost banking and risk departments December 6, 2010 CITY watchdog the Financial Services Authority (FSA) yesterday appointed two new senior advisers to strengthen its investment banking and risk management expertise. Simon Prior-Palmer, who will advise on investment banking issues, has more than 30 years’ experience, including as managing director of Credit Suisse’s UK investment banking division. Robert Stansbury, who will advise on risk [...]
MYSTERY OVER £140M FLAT IN ONE HYDE PARK January 19, 2011 There was at least one hot topic of conversation at yesterday lunch-time’s launch of One Hyde Park, the world’s most expensive apartments, and that was the identity of the buyers of the three Penthouse flats, the most expensive of which sold for £140m. Around 350 guests, including Simon Cowell, Arcadia boss Philip Green and Formula [...]
MYSTERY OVER £140M FLAT IN ONE HYDE PARK January 19, 2011 There was at least one hot topic of conversation at yesterday lunch-time’s launch of One Hyde Park, the world’s most expensive apartments, and that was the identity of the buyers of the three Penthouse flats, the most expensive of which sold for £140m. Around 350 guests, including Simon Cowell, Arcadia boss Philip Green and Formula [...]
Foster’s error grants Avram cup delight January 11, 2011 WEST HAM UNITED 2 VS BIRMINGHAM CITY 1 UNDER-FIRE West Ham boss Avram Grant blamed the incessant speculation surrounding his future for damaging the team after his 10 men rose above their Premier League travails to take a significant step towards the Carling Cup final. A goalkeeping howler from Ben Foster gifted Carlton Cole the [...]
Foster’s error grants Avram cup delight January 11, 2011 WEST HAM UNITED 2 VS BIRMINGHAM CITY 1 UNDER-FIRE West Ham boss Avram Grant blamed the incessant speculation surrounding his future for damaging the team after his 10 men rose above their Premier League travails to take a significant step towards the Carling Cup final. A goalkeeping howler from Ben Foster gifted Carlton Cole the [...]