CITY MOVES | WHO’S SWITCHING JOBS December 6, 2010 RBC Wealth Management Royal Bank of Canada Wealth Management has announced the addition of two directors to its UK-based private clients team led by Philip Harris. Joanne Pickles (pictured) joins the firm from Barclays Wealth, where she has worked since 1999. Ross Jennings also comes from a wealth management background, having worked at Barclays Wealth [...]
OBR: Growth at 2.1 per cent November 29, 2010 THE UK economy will grow by 2.1 per cent next year, the Office for Budget Responsibility (OBR) said yesterday, a cut from its original prediction of 2.3 per cent but still exceeding other forecasters. The OBR also revised down its estimates for 2011 and 2012 by 0.2 per cent. However, the OBR now expects faster [...]
THE FAMOUS FIVE – ENGLAND’S FOES February 2, 2011 Italy NICK MALLETT’S Italy remain a work in progress, and will have their work cut out again to not collect the wooden spoon, as they have done for the past three years. But there are some positives, and the Azzurri are becoming more competitive, thanks in part to domestic powerhouses Benetton Treviso and Aironi Rugby’s [...]
KKR tables bid for Australian fund manager October 18, 2010 US Private equity firm Kohlberg Kravis Roberts (KKR) has offered up to $1.73bn (£1bn) for Australian fund manager Perpetual, reigniting merger interest in Australia’s $1 trillion wealth management sector. Australia’s wealth management industry is the world’s fourth largest and is expected to grow at 12 per cent a year, but mergers have dried up over [...]
Northern and Greencore agree merger November 17, 2010 FOOD retailers Greencore and Northern Foods revealed plans to merge yesterday, in a deal that will produce one of the biggest chilled food players in the UK. The firms, responsible for Goodfella’s pizzas, Fox’s biscuits and the Weight Watchers range, will be rebranded Essenta once the proposed tie-up is complete in March 2011. Management said [...]
Northern and Greencore agree merger November 17, 2010 FOOD retailers Greencore and Northern Foods revealed plans to merge yesterday, in a deal that will produce one of the biggest chilled food players in the UK. The firms, responsible for Goodfella’s pizzas, Fox’s biscuits and the Weight Watchers range, will be rebranded Essenta once the proposed tie-up is complete in March 2011. Management said [...]
HMV hit by World Cup fever September 9, 2010 ENTERTAINMENT company HMV has said that this summer’s World Cup triggered a 14.9 per cent fall in sales in the UK and Ireland. The firm said potential customers had spurned DVDs, CDs and books to watch the football, hitting the figures which covered the 19 weeks to September. HMV, which owns the Waterstone’s chain, has [...]
ARTS: WHATS COMING UP IN THE AUTUMN September 2, 2010 THEATRE Deathtrap – Noel Coward Theatre 7 Sept-22 Jan Simon Russell Beale stars in Ira Levin’s ingenious comedy about an author with a murderous case of writer’s block. KRAPP’S LAST TAPE – DUCHESS THEATRE 22 Sept-20 Nov Michael Gambon takes on Samuel Beckett’s masterful one-act monologue. HAMLET – NATIONAL THEATRE 7-27 Oct Following in the [...]
Carlyle buys up £671m of White Tower buildings July 8, 2010 AMERICAN private equity group Carlyle has snapped up six central London properties for a total of £671m, its first major purchase since 2008. The properties were part of a portfolio owned by entrepreneur Simon Halabi, which was used to secure the failed White Tower commercial mortgage-backed securities vehicle. Carlyle said yesterday the properties generate around [...]
Carlyle buys up £671m of White Tower buildings July 8, 2010 AMERICAN private equity group Carlyle has snapped up six central London properties for a total of £671m, its first major purchase since 2008. The properties were part of a portfolio owned by entrepreneur Simon Halabi, which was used to secure the failed White Tower commercial mortgage-backed securities vehicle. Carlyle said yesterday the properties generate around [...]