Kraft chief exec snubs request to appear before the Commons March 15, 2011 KRAFT executives came under fire from MPs yesterday after chief executive Irene Rosenfeld refused to appear before a committee looking at the US food-maker’s takeover of Cadbury. Three underlings were left to defend Kraft’s behaviour during its £11.5bn hostile takeover last year. Kraft bosses told the business select committee that they couldn’t guarantee that manufacturing [...]
PROFESSIONAL SERVICES FIRM OF THE YEAR June 27, 2011 ON the back of the Office of Fair Trading launching its investigation into the market dominance of the “Big Four”, it’s never been more important for professional services firms to prove their worth. Never far from the centre of the City’s biggest deals, strategic reviews and financial reports, our shortlisted entrants are favourites of UK [...]
Ex Cadbury boss: Let’s query overseas bids October 21, 2010 FORMER Cadbury chair Roger Carr yesterday called on the government to rethink its free-market stance on foreign takeovers, after the Takeover Panel recommended only modest reforms to UK rules. Carr, who initiated a heated debate over the scope of the Takeover Code after US food giant Kraft’s acquisition of Cadbury, said the Panel had tackled [...]
Takeover rule changes set to hurt M&A March 21, 2011 COMPANIES launching takeover bids will be subject to stricter timetables and increased disclosure requirements, under new proposals announced by the UK Takeover Panel yesterday. The reforms, which have been planned since criticism of the Kraft takeover of Cadbury in January last year, aim to make the bid process fairer on the target company, but could [...]
The changing of the guard at Goldman Sachs May 23, 2011 A changing of the guard at Goldman’s UK investment banking division is always closely watched and so it is that there is much discussion about the two thirtysomethings that have been put in charge of UK investment banking. The recent departure of Julian Metherell, the former head, who is going to start an investment firm [...]
STRICTLY BUSINESS BRIEF ENDS VINCE CABLE’S DANCING DREAM June 28, 2011 THERE is something bothering business secretary Vince Cable – and it’s not the separation of retail and investment banking, the Greek debt crisis or even waging war on Rupert Murdoch. No – Cable is concerned his demanding day job could mean he never fulfils his dream of returning to Strictly Come Dancing for a full [...]
LAW FIRM OF THE YEAR | The Shortlist day six June 26, 2011 THOUGH pipeline deals that spurred record law firm profits last decade are yet to return, an influx of regulation and demand for innovative ways to raise capital means law firms are more in demand than ever. Whether running multi-billion pound IPOs or reforming how their businesses are run, our shortlisted firms are at the top [...]
LAW FIRM OF THE YEAR | The Shortlist day six June 26, 2011 THOUGH pipeline deals that spurred record law firm profits last decade are yet to return, an influx of regulation and demand for innovative ways to raise capital means law firms are more in demand than ever. Whether running multi-billion pound IPOs or reforming how their businesses are run, our shortlisted firms are at the top [...]
NatGrid hires finance boss from Cadbury October 4, 2010 National Grid said yesterday it had hired Andrew Bonfield, who was Cadbury’s chief financial officer during its takeover by Kraft, as new finance director at its energy transmission business. Bonfield will take over the post from current finance director Steve Lucas at the start of next month as Lucas prepares to retire. Lucas will leave [...]
Greencore makes Williams CFO February 16, 2011 IRISH food group Greencore has named Alan Williams as its new chief financial officer. The 41-year-old will serve as executive director and chief financial officer from 7 March, replacing Geoff Doherty who left the position last year. Williams moves from the Cadbury Group where he was the global corporate finance director. He is an associate [...]