Rolls Building will rule the world undisputed December 11, 2011 IT WILL take some time for the full implications of last week’s EU Summit to become clear. For my part, I will spend much of today in discussion with UK-based EU ambassadors at the Polish presidency’s conference on financial stability and growth, which takes place at the Mansion House. My recent discussions with leading practitioners [...]
High Court gives green light to Irish bank revamp November 1, 2010 Ireland’s High Court upheld Ireland’s state-run “bad bank” structure, throwing out a legal challenge that had threatened to complicate the country’s recovery from financial crisis. Paddy McKillen, who co-owns Dublin’s Clarence Hotel with rock group U2 band members Bono and The Edge, had brought the first case against Ireland’s National Asset Management Agency to try [...]
AIB calls a halt to bond payout due to court case June 22, 2011 ALLIED Irish Banks will halt an interest payment of £22m due on a junior bond at the centre of a legal challenge until Ireland’s High Court rules on the case, the lender said yesterday. New York-based investment firm Aurelius Capital is challenging the Irish government’s move to impose losses on junior bondholders in AIB and [...]
Talking horses… March 11, 2012 BE selective has always been my motto when it comes to choosing which of the various Cheltenham preview evenings to attend and I always give a wide berth to those panellists who continually sit on the fence. So, when I got a call telling me that four of the best informed judges in the game [...]
CATHEDRAL CAROLS SET OFF A YEAR FOR HEALTH December 20, 2011 CITY GRANDEES joined some of the stars of Downton Abbey in the crypt of St Paul’s Cathedral last night at the launch of the Lord Mayor’s Appeal 2012. As Lord Mayor David Wootton explained to guests including Phil Raper, head of corporate broking UK at Goldman Sachs, Aon Benfield chairman Grahame Chilton, and Jonathan Moulds, [...]
CATHEDRAL CAROLS SET OFF A YEAR FOR HEALTH December 20, 2011 CITY GRANDEES joined some of the stars of Downton Abbey in the crypt of St Paul’s Cathedral last night at the launch of the Lord Mayor’s Appeal 2012. As Lord Mayor David Wootton explained to guests including Phil Raper, head of corporate broking UK at Goldman Sachs, Aon Benfield chairman Grahame Chilton, and Jonathan Moulds, [...]
Fallon sweating on court verdict June 3, 2011 JOCKEY Kieren Fallon will learn this morning whether he is free to ride in the Investec Derby today following a High Court bid to prevent him partnering Recital. Ibrahim Araci, the owner of Native Khan, says Fallon had previously promised to ride his horse, only to switch on Monday, and is therefore breaking a contract. [...]
Peddlers to silence doubters in Jewson March 14, 2012 SOMETIMES the market can overreact to negative vibes about a particular horse and I’m hoping that will be the case with in-form Donald McCain’s PEDDLERS CROSS in this afternoon’s Jewson Novices’ Chase. Last season’s Champion Hurdle runner-up had been seen as the only realistic threat to Sprinter Sacre in Tuesday’s Arkle, before connections opted last [...]
Ireland haircut plan challenged June 2, 2011 THE Irish high court will today open its hearing of a case brought forward by Allied Irish Bank’s (AIB) bondholders, Aurelius Capital Management and Abadi, challenging finance minister Michael Noonan’s plans to impose haircuts on them. Dublin is aiming to cut around €5bn (£4.3bn) from a €70bn bill for bailing out its banking sector by [...]
Ireland haircut plan challenged June 2, 2011 THE Irish high court will today open its hearing of a case brought forward by Allied Irish Bank’s (AIB) bondholders, Aurelius Capital Management and Abadi, challenging finance minister Michael Noonan’s plans to impose haircuts on them. Dublin is aiming to cut around €5bn (£4.3bn) from a €70bn bill for bailing out its banking sector by [...]