M&B steps up board battle December 1, 2009 PUBS group Mitchells & Butlers yesterday ramped up its row with its major shareholder, billionaire investor Joe Lewis, removing his representatives from the board and appointing a new chairman in defiance of his wishes. Richard McGuire and Douglas McMahon, representatives of Lewis’s investment vehicle, Piedmont, have been told by M&B to step down. Simon Laffin, [...]
M&B rebel fights corner as row grows December 6, 2009 THE largest shareholder in pubs group Mitchells & Butlers will meet with the Takeover Panel today as the furore grows over the company’s decision to oust four directors. Piedmont, which owns 23 per cent of M&B on behalf of billionaire Joe Lewis, wants to put its side of the story after its representatives Richard McGuire [...]
CITY MOVES | WHO’S SWITCHING JOBS June 13, 2010 Bupa The healthcare provider has appointed Rita Clifton to its board as a non-executive director, effective from July. Clifton is also a director at DSG International and chairman of brand consultancy Interbrand. She began her career in advertising at DMB&B and J Walter Thompson, before joining Saatchi and Saatchi in 1986, where she became vice-chairman [...]
CITY MOVES | WHO’S SWITCHING JOBS June 13, 2010 Bupa The healthcare provider has appointed Rita Clifton to its board as a non-executive director, effective from July. Clifton is also a director at DSG International and chairman of brand consultancy Interbrand. She began her career in advertising at DMB&B and J Walter Thompson, before joining Saatchi and Saatchi in 1986, where she became vice-chairman [...]
Losses almost wiped out at Regal April 26, 2010 Regal Petroleum, the Ukraine-focused oil and gas explorer, said yesterday it had wiped 86 per cent off its pre-tax loss after selling more gas to the domestic Ukrainian market. Regal posted a $6.83m (£4.42m) pre-tax loss for the year to December 2009, down from a $48.74m loss in 2008, on revenues 74 per cent higher [...]
Johnson in Wallaby warning May 11, 2010 DEFIANT Martin Johnson last night fired a warning to Australia, insisting his England side to tour Down Under this summer is the strongest since he lifted the World Cup on their shores in 2003. Team manager Johnson has selected no fewer than nine uncapped players in a strong 44-man squad as he prepares for the [...]
Pity these fools – The A-team flops July 29, 2010 Film THE A-TEAM Cert: 12A Rhys Griffiths A quarter of a century years after the finale of the TV show, the A-Team blunders its way into the twenty-first century – and what should be a film providing two hours of nostalgic, action-packed fun falls short of even the simplest of tasks. Instead it’s lengthy and [...]
M&B asks Panel for help with its rebels November 30, 2009 THE scale of the turmoil at Mitchells & Butlers became clear yesterday after the pubs group asked the City takeover watchdog to decide whether rebel shareholders were attempting to seize control of its board. M&B called on the Takeover Panel after Bahamas-based billionaire Joe Lewis, who controls 23 per cent of the group, blocked the [...]
Intesa’s Fideuram listing to be delayed May 13, 2010 ITALY’S Intesa Sanpaolo is understood to be preparing to delay listing its Banca Fideuram asset manager until after the summer, potentially slowing the bank’s plans to boost capital. It is expected to wait for better market conditions to list Fideuram, Italy’s market-leading asset manager. A spokesman for the bank said work on the initial public [...]
ITV’s Norman blocked from M&B by Lewis November 29, 2009 JOE LEWIS, the Tottenham Hotspur owner and billionaire currency trader, has blocked Archie Norman from being appointed as Mitchell & Butlers chairman. Norman, who hit the headlines earlier this month when he was nominated as ITV’s new chairman, had been in talks to head up the £1bn pub group, which owns the All Bar One [...]