CITY MOVES | WHO’S SWITCHING JOBS August 4, 2011 Kentz Corporation The holding company of the Kentz engineering and construction group has appointed Christian Brown as group chief operating officer. Brown, who had a 17-year career with Kellogg Brown and Root before joining Foster Wheeler in 2009, will initially be based in the London office before transferring to Houston in June 2012. Paul Lewis, [...]
CITY MOVES | WHO’S SWITCHING JOBS August 4, 2011 Kentz Corporation The holding company of the Kentz engineering and construction group has appointed Christian Brown as group chief operating officer. Brown, who had a 17-year career with Kellogg Brown and Root before joining Foster Wheeler in 2009, will initially be based in the London office before transferring to Houston in June 2012. Paul Lewis, [...]
Unknown unknowns stalk the banks July 12, 2011 THERE is by now a depressing familiarity to investors’ Eurozone moodswings. They begin with a nagging anxiety about mounting debt levels, sweep into panic mode and overselling that forces policymakers into action, and then embark upon an excessive relief rally. The difference, this week, is that bank share prices rebounded despite politicians’ least impressive performance [...]
BEST OF THE BROKERS July 20, 2011 ROLLS ROYCE Goldman Sachs rates the engine maker a “buy” with an 850p target price on its conviction buy list, as it believes it is well placed compared to its peers and has strong long-term growth prospects. The stock has more defensive characteristics than many cyclicals and should outperform, GS believes. The soon-to-close Tognum acquisition [...]
Electrolux buys Chilean rival August 22, 2011 WORLD number two home appliances maker Electrolux, looking to further boost its presence in emerging countries and offset weakness in mature markets, has agreed to buy market-leading Chilean appliance company CTI. Sweden’s Electrolux has been battered by fears of a return to recession in North America and worries about the impact of the debt crisis [...]
UniCredit plans Czech Republic expansion November 25, 2010 ITALIAN bank Unicredit is expanding in the Czech Republic with more branches and franchises, it emerged yesterday. Unicredit is understood to be planning to enlarge its 60-strong branch network by at least 40 branches and to expand its franchise network to 90 outlets, especially in smaller towns and cities. The group is Italy’s biggest bank, [...]
Relief rally fails to cheer Italy’s banks July 12, 2011 INVESTORS surged back into Italian banks yesterday but still failed to lift their shares above levels seen before Monday’s dramatic sell-off. Overall, Italy’s main lenders have seen their share prices plunge over the last week since political infighting sparked a panic over the country’s debt levels. UniCredit rose 6.2 per cent yesterday but is down [...]
CITY MOVES | WHO’S SWITCHING JOBS July 14, 2011 Towry The wealth adviser has appointed Gerald Corbett as a non-executive director, adding to his chairmanships of Britvic and Moneysupermarket.com and his non-executive directorship of Numis Securities. Corbett’s previous non-exec roles include Greencore Group, Burmah Castrol and MEPC; he is also a former chairman of SSL International and the Woolworth Group. During his executive career, [...]
CITY MOVES | WHO’S SWITCHING JOBS July 14, 2011 Towry The wealth adviser has appointed Gerald Corbett as a non-executive director, adding to his chairmanships of Britvic and Moneysupermarket.com and his non-executive directorship of Numis Securities. Corbett’s previous non-exec roles include Greencore Group, Burmah Castrol and MEPC; he is also a former chairman of SSL International and the Woolworth Group. During his executive career, [...]
Eurozone uncertainty drags down markets July 12, 2011 The FTSE 100 dived on opening today after a meeting tabled to thrash out issues related to the Eurozone debt crisis failed to bear fruit. London’s drop mirrored steep falls on Wall Street and in Asia as investors remained unconvinced by the 16-country bloc’s strategy for steering through the crisis. Eurozone leaders gathered with the [...]