MPs condemn Rosenfeld’s Cadbury snub May 23, 2011 MPs condemned Kraft’s chief executive Irene Rosenfeld (pictured) in the strongest language yet yesterday for refusing to give evidence about the firm’s £11.5bn acquisition of Cadbury. Kraft’s third refusal for Rosenfeld to meet MPs either in person or via a videoconference “fell short of an explicit contempt of the House, but not by much”, the [...]
The captain of industry who says the UK needs to be more like Asia November 20, 2011 FROM the CBI’s offices on the second floor of the Centre Point tower, you get a great view of the construction site that will eventually become the Tottenham Court Road Crossrail station. It is fitting that the CBI, which was one of the railway’s biggest supporters, is so close to the action, and a reminder [...]
BEST OF THE BROKERS December 11, 2011 HAYS Shore Capital rates the recruitment group as a “hold” with a target price of 63p, but makes downgrades to its estimates, seeing exposure to Europe and high Australian conversion rates as negative pressures. The broker lowers its earnings per share forecasts for 2012, 2013 and 2014 by 4 per cent, 16.7 per cent and [...]
Olympic Media Buzz LONDON 2012 PARTNERS October 23, 2011 IN ASSOCIATION with Repskan, the media monitoring and analytics platform, City A.M. is measuring the relative Olympic media buzz around the partners for the London 2012 Olympic and Paralympic Games, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 12 October to Wednesday 19 October. While [...]
City split on so-called Cadbury law while Obama support stays strong May 22, 2011 Almost as many City opinion formers would back a “Cadbury law” making it more difficult for foreign companies to take over UK ones as oppose it. According to the latest poll by PoliticsHome and City A.M., 44.6 per cent would back changes to current rules, with 47.9 per cent saying they would oppose them. A [...]
Urenco might best be privatised through an IPO October 10, 2011 WITH the transactional markets still deathly quiet, it’s tempting to think of investment bankers sitting around twiddling their thumbs or frequenting their gyms rather more than usual. But there’s still plenty of speculative work going on, and some less speculative work, as well as the odd IPO being planned, such as that of Polymetal I [...]
Urenco might best be privatised through an IPO October 10, 2011 WITH the transactional markets still deathly quiet, it’s tempting to think of investment bankers sitting around twiddling their thumbs or frequenting their gyms rather more than usual. But there’s still plenty of speculative work going on, and some less speculative work, as well as the odd IPO being planned, such as that of Polymetal I [...]
More time for takeover talks October 17, 2011 THE Takeover Panel made the first extensions to its new “put up or shut up” deadline imposed on buyers of UK companies yesterday, granting several potential bidders more time to put their proposals together. Entertainment rights company Coolabi, the home of children’s TV favourite cat Bagpuss, is one of four firms that have been granted [...]
More time for takeover talks October 17, 2011 THE Takeover Panel made the first extensions to its new “put up or shut up” deadline imposed on buyers of UK companies yesterday, granting several potential bidders more time to put their proposals together. Entertainment rights company Coolabi, the home of children’s TV favourite cat Bagpuss, is one of four firms that have been granted [...]
Case for consolidation is undimmed November 22, 2011 WHEN Tim Cobbold, De La Rue’s chief executive, joined the company last year, he did so in highly inauspicious circumstances. The firm was defending itself against the advances of French suitor Oberthur – but this was no ordinary takeover battle. Having seen Cadbury fall into the arms of America’s Kraft, the British public were up [...]