Inside Track: Just-eat.com just might serve up a London flotation July 25, 2013 LONDON’S reputation as a host city for start-up technology groups would be enhanced if some of the larger businesses would only decide to list here. While there’s no doubt the plan to set up a hub for tech companies around Old Street roundabout is making strong progress, there are still concerns that some of the [...]
Miliband’s lurch to left is a recipe for disaster September 25, 2013 WE NOW know what Labour’s strategy to win the next election will be: shift to the left, bash business, stoke envy and jealousy, attack the City and come up with a raft of populist policies. It might even work. New Labour is well and truly over, an experiment now deemed an obsolete, almost shameful failure [...]
Miliband’s lurch to left is a recipe for disaster September 24, 2013 WE NOW know what Labour’s strategy to win the next election will be: shift to the left, bash business, stoke envy and jealousy, attack the City and come up with a raft of populist policies. It might even work. New Labour is well and truly over, an experiment now deemed an obsolete, almost shameful failure [...]
Private equity manager of the year September 12, 2013 After a period of relative quiet following the financial crisis, private equity firms have this year found their feet again with a host of audacious deals and mega money fundraisings. This year’s award recognises those firms leading the pack to combine cutting edge dealmaking with strong corporate structures. DONALD MACKENZIE CVC CVC’s co-founder Donald Mackenzie [...]
What did business leaders make of the Prime Minister’s speech? January 23, 2013 SIMON WALKER Director general of the Institute of Directors Free movement of goods and people is enormously important for the British economy, and we need to preserve that situation. At the same time, there are serious concerns about large amounts of costly regulation being introduced through unaccountable processes. A future referendum to decide the workings [...]
Innovation Diary: Why economic revival has its own challenges for UK entrepreneurs October 6, 2013 FOR BUSINESSES weathering a difficult economy, hoarding cash has been the order of the day. Research by Capita Asset Services found that FTSE 100-listed UK firms increased their cash holdings by 34 per cent in the five years since 2008. But as the economic pendulum swings, investors are grumbling. Apple, which according to Moody’s holds [...]
Outward-looking reforms in Europe depend on the City’s guiding hand January 20, 2013 DESPITE being postponed at the last minute, it is clear from excerpts trailed in the media that the Prime Minister’s speech on the EU will set out a stark choice for both the UK and Europe. The vision outlined presents a Britain that remains a “committed and active” member of the European Union – albeit [...]
City hits back over Noyer’s euro warning December 3, 2012 LONDON hit back yesterday after French central bank governor Christian Noyer suggested that Eurozone governments should take financial services related to the single currency away from the City. Mayor Boris Johnson joined a chorus of disapproval over Noyer’s comments. “This is a desperate French attack in an effort to make something out of the Eurozone [...]
Glencore starts sale process for Peruvian mine July 16, 2013 GLENCORE Xstrata yesterday announced that it has started the sale process for its Peruvian copper mine Las Bambas, as demanded by the Chinese antitrust regulator back in April in return for merger approval. “Glencore Xstrata has received numerous expressions of interest in the Las Bambas project from a diverse group of international mining companies and [...]
Countrywide shares tumble as investors cash in £200m shares August 14, 2013 COUNTRYWIDE’S private equity backers Oaktree and Apollo sold £200m worth of shares in the estate agents yesterday, cashing in on the revival in the UK housing sector. The group saw shares fall 4.5 per cent last night following the share placing, which saw Oaktree and Apollo whittle down their shareholding in the company by [...]