WHAT THE OTHER PAPERS SAY THIS MORNING March 3, 2010 FINANCIAL TIMES POLICE SHUT DOWN MARIPOSA HACKER RING Police, private security experts and internet service providers said yesterday they had shut down the Mariposa botnet, one of the largest networks of hacked personal computers discovered. It had siphoned off financial and other information from inside half of the largest 1,000 US companies. Computers using about [...]
CITY MOVES | WHO’S SWITCHING JOBS January 10, 2010 Office of Fair Trading The consumer watchdog has appointed Sheldon Mills, a senior associate at law firm SJ Berwin, as its new director of mergers, effective from 15 February. Mills joined SJ Berwin in 2006 from rival Jones Day. Simon Holmes, head of EU and competition at SJ Berwin, said: “While we will miss him, [...]
DIAMONDS AREN’T FOREVER December 1, 2009 Vice Chairman Nicola Bulgari sold a 1.33 per cent stake in Rome-based luxury jewellery firm Bulgari to institutional investors yesterday. The company said the senior executive decided to sell 4m shares to finance personal projects. Its stock on the Milan stock exchange closed down 2.8 per cent at €5.98 (£5.43).
Dubai World creditors expect request for a standstill agreement at meeting December 20, 2009 Bankers expect Dubai World to make a formal request for a standstill on its $26bn (£16.1bn) debt at today’s creditor meeting, but it could be more than a month before banks agree, bankers have revealed. Banks are expected to support Dubai World’s request, but what happens next will depend on the information they receive about [...]
Tories under siege as polls show Labour closing gap February 22, 2010 WHAT a difference a couple of months can make. At the start of 2010, the Tories looked unassailable, with a consistent ten point lead in the opinion polls that would have translated into an outright majority at the election. Labour was imploding, while Gordon Brown was fighting yet another coup attempt, the terribly-planned “snow plot” [...]
Shanks asks for 10 per cent more after offer December 7, 2009 WASTE management firm Shanks Group revealed a £536m buyout approach yesterday, sending its shares soaring, but said its board and key shareholders were looking for at least 10 per cent more. Shanks did not name the company behind the approach but a person familiar with the matter said it was the Carlyle Group, the well-connected [...]
Sweet success is on the horizon for G founders November 15, 2009 CHOCOLATE mousse firm Gü is in the final stages of its proposed sale, with Noble Foods believed to be the front-runner for the deal. Gü founder James Averdieck founded the brand back in 2003 with £100,000 of personal funds, but appointed Cavendish Corporate Finance in May this year to work on a sale of the [...]
Austria’s Hypo Bank is saved December 14, 2009 AUSTRIA will nationalise its sixth biggest bank, it announced yesterday, the second time the country has taken over a bank since the beginning of the financial crisis. Hypo Alpe-Adria Bank International will be injected with as much as €450m (£404m) of state funds, while majority shareholder, German state owned bank Bayerische Landesbank, will sell its [...]
G20 agrees on fresh support November 8, 2009 FINANCE ministers from the world’s richest nations have agreed to maintain fiscal support for economies until it is clear any recovery is sustainable. Meeting at the G20 summit in St Andrews on Saturday, delegates said concerns over unemployment and uneven growth in the short term meant the props of policy should be kept in place. [...]
Dubai’s debts spook lenders November 26, 2009 THE POOR credit status of Dubai’s main banks has sent shockwaves through the financial world. Investors are running scared as the emirate – which has experienced huge economic growth over the past decade – runs into trouble. Emirates Bank International, National Bank of Dubai, Mashreqbank and Dubai Islamic Bank were all put on credit watch [...]