The dos and don’ts of being headhunted November 24, 2010 YOU may be forgiven if the case of Lonmar Global Risks v West & Others, which came to a conclusion in the High Court earlier this month, passed you by. But the verdict may well have a significant impact on you if you are in one of those City jobs where you work in a team, [...]
BT to hear pension fund ruling October 17, 2010 Telecoms giant BT will find out this week the size of the bill the taxpayer would have to shoulder for bailing out its pension fund if the company ever collapsed. The High Court is likely to give its ruling on the scope of the Crown guarantee covering BT’s pension fund and agreed when the company [...]
Vedanta shares take a tumble after legal blow September 29, 2010 VEDANTA RESOURCES, the FTSE 100-listed mining group, yesterday said that its Sterlite Industries subsidiary has been ordered by the Madras High Court to close down a copper-smelting plant on environmental grounds. The announcement sent Vedanta’s lower, eventually 5.5 per cent down at £21.65. Analysts at Liberum Capital said that the suspension of the smelter might [...]
DEALMAKER OF THE YEAR June 23, 2011 Recessions are when reputations are made, they say, and that has been true in the world of fund managers. While some have battened down the hatches, the ones on our list have seen opportunity in crisis, and pushed ahead with flotations and expansions, or have just taken the chance to expand. All are stars in [...]
European stocks at two-month high May 2, 2011 EUROPEAN shares made slight gains in thin holiday trade yesterday, as merger deals and news of Osama bin Laden’s death helped push the market to a two-month closing high. Shares in Demag Cranes rose 24 per cent after US construction machinery maker Terex Corp unveiled a $1.3bn hostile bid for its German rival. Meanwhile Danish [...]
Ministers to reveal high speed rail link winner October 31, 2010 THE government is this week set to unveil the winner of a contest to buy the high-speed rail link from London to the Channel Tunnel for up to £2bn. Ministers will pick one of four consortia vying for the 68-mile line, used by Eurostar trains between London St Pancras, Paris and Brussels as well as high-speed [...]
Malcolm Calvert drops appeal against insider dealing conviction October 20, 2010 MALCOLM Calvert, the ex-Cazenove partner released from jail earlier this month after serving just a third of his 21-month sentence for insider dealing, has dropped his appeal against the High Court’s conviction, bringing to a close the most high-profile enforcement case in the City regulator’s history. Calvert, known as “Streaky”, was released from Ford prison [...]
Centre Point tower sold March 24, 2011 NEW PROPERTY company Almacantar could turn some floors of the Centre Point tower into luxury flats, after buying the tower out of administration. Almacantar, set up last year by former Land Securities executive Mike Hussey, has exchanged contracts on the Grade II-listed tower near Tottenham Court Road underground station. The firm did not say how [...]
Unite to wage legal war on BA in courts September 20, 2010 TRADE union Unite is preparing to wage a legal war on British Airways (BA) as the fight between the two gets set to hit the courts once again. Unite is to launch a legal battle at the High Court this week over the removal of travel perks for up to 7,000 cabin crew who went [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 5, 2011 FINANCIAL TIMES KEY INVESTORS FLOCK TO GLENCORE FLOTATION Demand from key institutional investors for shares in Glencore on its flotation has been well above the group’s expectations, particularly in Asia and the Middle East, according to bankers involved in the initial public offering. The Swiss-based company plans to allocate between 20 and 30 per cent [...]