PETS AT HOME BARKING FOR IPO October 1, 2009 PETS AT HOME, the UK’s leading retailer of pet food products, yesterday said that it was planning to float the business next year. The group has appointed JP Morgan Cazenove as joint bookrunner and adviser. Chief executive Matt Davis (pictured) said the listing would allow the business to grow.
City lives in Bruce Wasserstein’s shadow October 14, 2009 ANYBODY who really wants to understand today’s City of London – its culture, its customs and its personalities – needs to acquaint themselves with the life of Bruce Wasserstein, one of the greatest corporate financiers of all time who died last night at the cruelly premature age of 61. He was, of course, a New [...]
City lives in Bruce Wasserstein’s shadow October 14, 2009 ANYBODY who really wants to understand today’s City of London – its culture, its customs and its personalities – needs to acquaint themselves with the life of Bruce Wasserstein, one of the greatest corporate financiers of all time who died last night at the cruelly premature age of 61. He was, of course, a New [...]
CITY MOVES WHO’S SWITCHING JOBS November 26, 2009 PZ CussonsThe personal care firm has appointed Richard Harvey, the former chief executive of insurance giant Aviva, as its new chairman-elect. Harvey became group chief executive of Norwich Union in 1998 and took up his role at Aviva after the merger of Norwich Union with CGU, initiating the re-branding of the group under the Aviva [...]
CITY MOVES WHO’S SWITCHING JOBS November 17, 2009 Neptune Investment ManagementThe fund management boutique has appointed Robert Pickering, the former chief executive of blue-blooded bank JP Morgan Cazenove, to its board of directors. Pickering qualified as a solicitor with Allen & Overy in 1984 and joined Cazenove the following year. He spent a total of 23 years with the firm and was appointed [...]
Quintain set for a 180m rights issue November 1, 2009 QUINTAIN Estates, which recently sold its stake in the O2 Arena, hopes to raise up to £180m from shareholders to shore up its finances and fund its development plans in the Greenwich peninsula. The rights issue, which is expected to be announced this week, is thought to have the backing of major shareholders and will [...]
Quintain set for a 180m rights issue November 1, 2009 QUINTAIN Estates, which recently sold its stake in the O2 Arena, hopes to raise up to £180m from shareholders to shore up its finances and fund its development plans in the Greenwich peninsula. The rights issue, which is expected to be announced this week, is thought to have the backing of major shareholders and will [...]
New figures reveal China’s growth burst November 1, 2009 HOPES of economic recovery in China were boosted by news yesterday that the country’s manufacturing sector grew at the fastest rate in 18 months in October. The purchasing managers index released by the state-sanctioned China Federation of Logistics and Purchasing rose to 55.2, nearly a full point higher than in September. This marked the eighth [...]
Selfish strikes to cripple British Airways December 14, 2009 WHAT a tragic outcome at British Airways. The airline’s management is hardly perfect but it is almost unbelievable that BA’s staff have chosen to walk out like this. The strike – supported by an astonishing 92 per cent of those voting – will last for 12 hellish days from 22 December to 2 January, ruining [...]
BEST OF THE BROKERS October 27, 2009 MCBRIDEHaving started the year with conservative margin assumptions for McBride, Investec has upgraded these in light of its strong start to full-year 2010. The broker said that the top line performance is broadly as expected, but that a better mix is driving profits ahead. Investec therefore lifted earnings per share estimates in the region of [...]