CITY PETROLHEADS WHIZZ OFF TO GOODWOOD FOR FESTIVAL OF SPEED July 2, 2009 GOODWOOD’S glorious Festival of Speed begins today, continuing City socialites’ merry lurch into the silly season after the combined joys of Epsom, Ascot and Wimbledon. This year’s motor extravaganza is themed “True Grit – Epic Feats of Endurance”, and is celebrating the 100 year anniversaries of petrolhead favourites Bugatti, Audi and Morgan. Apparently, ticket sales [...]
Intelli deal lifts Canaccord investment trust arm September 23, 2009 CANACCORD Adams has moved to beef up its investment trust operations with the purchase of Midas Capital’s corporate finance unit. The investment bank, the UK arm of Canadian firm Canaccord Capital, said it would buy Midas subsidiary Intelli, which specialises in corporate advisory and broking for investment companies and asset managers. The acquisition is part [...]
Meet the deal-maker extraordinaire who hopes the crisis will end in 2010 July 26, 2009 It is hard to escape the feeling that Slaughter and May’s Nigel Boardman is ever so slightly bored. Given that he is London’s top mergers and acquisitions (M&A) lawyer, and that we are still in the midst of a bitter recession which has led to a dramatic reduction in deal-making, this is not exactly surprising. [...]
Barclays bounces back to lead the market rally May 13, 2009 BARCLAYS is sitting pretty at the top of the UK’s rebounding stocks over the last three months, new figures from Motley Fool (Fool.co.uk) showed yesterday. The bank’s share price has soared from 61p on 9 March to 281p as of Monday’s closing price, a gain of 360 per cent, as UK lenders began to claw [...]
Brit talent returns to Fashion Week September 20, 2009 LONDON Fashion Week kicked off with the usual smatterings of fresh new talent over the weekend, but all minds were fixed on the return to the UK of iconic brands Burberry, Pringle and Matthew Williamson. Williamson, who earlier this year unveiled a fashion line for high-street giant H&M, yesterday returned after seven years in New [...]
Banks and retailers rally to steer the FTSE 100 ahead May 27, 2009 GAINS in banks and retailers outweighed weakness in energy stocks and drugmakers yesterday to leave the FTSE 100 up by 0.1 per cent, or 4.51 points, at 4,416.23. Trade was thin with just 67 per cent of the average of the last 90 days of trading transacted with the absence of concrete data on the [...]
MPS: CITY STILL DOESN’T GET IT May 14, 2009 THE CITY launched a counter-offensive against MPs yesterday, after the Treasury select committee criticised Lord Adair Turner’s review of regulatory reform and cast doubt on Sir David Walker’s suitability to lead a review of corporate governance in the banking sector. The influential group of MPs concluded in its report on the role of remuneration in the [...]
Marston’s and GKN are next to raise cash June 18, 2009 THE WAVE of companies seeking to raise fresh capital from shareholders showed no sign of abating yesterday as engineer GKN and pub group Marston’s both announced rights issues. GKN aims to raise £423m, while Marston’s is asking the market for £176m. GKN’s 50p offer price represents a 39 per cent discount to Wednesday’s closing price. [...]
US consumer confidence boosts late London trading May 26, 2009 BETTER than expected consumer confidence data out of the US gave the FTSE 100 a much-needed boost yesterday afternoon, after Asia’s sell-off – driven by concerns of heightening geopolictical tension on the Korean peninsula – infected the London markets in early trading. “Following the release of the US consumer confidence data there was an immediate [...]
FTSE 100 stalls as traders nerves fail on banking sector May 28, 2009 RENEWED jitters over the health of the financial sector hit banks and offset gains by heavyweight oils yesterday, sending the FTSE 100 0.7 per cent, or 28.69 points, lower at 4,387.54. Banks were the worst performing large caps, with Barclays, HSBC, Standard Chartered, Lloyds Banking Group and Royal Bank of Scotland down 0.8 per cent [...]