Denton Wilde Sapte joins the rush for transatlantic law firm mergers June 6, 2010 MERGERS and acquisitions are rattling along at quite a pace among transatlantic law firms – unlike at the corporate clients they service, many of which are still finding the M&A game a little hard going at the moment, not least of course Prudential. The latest legal mega-deal repays a closer look. The City’s Denton Wilde [...]
JP MORGAN REPORTS BUMPER EARNINGS July 16, 2009 JP MORGAN Chase, the investment banking giant, said earnings soared 36 per cent in the second-quarter, boosting hopes of a recession-defying earnings season for Wall Street. The bank unveiled bumper revenues yesterday of $27.7bn (£16.9bn) in the three months to the end of June, thanks in part to strong investment banking revenues. Earnings rose to [...]
Aegis raises £190m war chest for buys March 18, 2010 AEGIS announced yesterday it has appointed a new chief executive, filling a 16-month void at the head of the company. The marketing and advertising group also unveiled a £190m convertible bond issue, due in 2015, which it says will be used for US acquisitions and to shore up its balance sheet. Jerry Buhlmann, an internal [...]
Virgin mulls free football March 16, 2010 VIRGIN Media is considering plans to give away Premier League matches for free as part of a package including its broadband, TV subscription and telephone services. It joins BT Vision, which is also considering offering top flight matches as part of its existing “bundle” deal, according to industry sources. If the firms go ahead it [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 22, 2010 THE SUNDAYS THE SUNDAY TELEGRAPH TORIES’ ENERGY PAPER MONTHS LATE The Conservatives’ flagship energy paper may not appear until April – six months after its original planned publication – leading to industry fears of policy disagreements in the run-up to the election. One senior figure who has seen a draft of the paper said that [...]
Aberdeen finalises deal for RBS assets February 1, 2010 ABERDEEN Asset Management yesterday said it had finalised a deal for part of troubled Royal Bank of Scotland’s (RBS) business. Aberdeen paid £84.7m for part of RBS’s fund management arm, which has £13.5bn of assets under management. Under the terms of the deal, Aberdeen has entered into a distribution agreement with the bank to exclusively [...]
Lloyds close to sell-off of HBOS assets March 7, 2010 LLOYDS Banking Group is inching closer to a decision on the disposal of its HBOS Integrated Finance investment vehicle, over a year after the division was first put up for sale as part of a drive to manage down the bank’s balance sheet in the wake of the crisis. Lloyds is in discussions with a [...]
Bidders circle German Kabel February 10, 2010 A CLUSTER of private equity firms are circling Kabel Deutschland, the German cable TV operator chaired by former BSkyB chief executive Tony Ball, it emerged yesterday. BC Partners and CVC Capital Partners joined forces earlier this week to launch a combined offer for the business. Bain Capital is also considering making an offer, while other [...]
UBS reshuffles its senior equities team January 25, 2010 INVESTMENT bank UBS yesterday announced some new names at its equities team after poaching a handful of top bankers from rivals Goldman Sachs and Morgan Stanley. UBS said Salvatore di Stasi, formerly a managing director in the European financing group at Goldman, had joined as global head of corporate equity derivatives. The bank has also [...]
CITY MOVES | WHO’S SWITCHING JOBS February 16, 2010 Amati Global Investors The newly-formed investment manager, which manages the Noble Aim VCT and CF Noble UK Smaller Companies funds, has appointed Eddie Edmonstone as a director. Edmonstone is something of a veteran in the City, having previously been director of corporate broking at stockbroking group FinnCap. He was also formerly a founder of Peel [...]