EBAY HANGS UP ON SKYPE IN $2BN DEAL September 1, 2009 INTERNETauction giant eBay yesterday agreed to sell a majority stake in Skype, its free internet telephone business, to a group of private investors for $2bn (£1.23bn). The consortium, which is being led by USprivate equity firm Silver Lake, includes Andreessen Horowitz – a firm run by the Netscape co-founder Marc Andreessen – and London-based private [...]
Omega joins the big boys on the main London Stock Exchange market space July 7, 2009 OMEGA Insurance, the Lloyd’s of London underwriter, has ascended to the main market of the London Stock Exchange, after it last week boosted its control of Lloyds’ successful Syndicate 958. The insurer yesterday left the smaller Aim space to join bigger rivals on the main market, and is now one of seven non-life insurers on [...]
Autonomy slips on missed forecasts but banks lift FTSE July 16, 2009 UPBEAT results from JP Morgan boosted banks while energy and pharmaceutical stocks also gained, leading Britain’s top share index to close at a one-month high, up for a fourth session yesterday. The index was trading in slightly negative territory in early trade but the JP Morgan results which were announced around mid-session lifted the FTSE [...]
Paulson was right not to save Lehman September 13, 2009 SO Dick Fuld, Lehman Brothers’ former boss, has finally said sorry. The banker they nicknamed “the gorilla”, who himself lost much of his fortune in the collapse of his firm, should have apologised a long time ago to his shareholders, bondholders, staff and counterparties. But he hasn’t changed his mind on one thing: in common [...]
ROLET BRINGS IN THE BANKING BIG HITTERS TO EYE UP M&A TARGETS September 30, 2009 MUCHOS excitement on the markets yesterday after Xavier Rolet continued in his quest to stamp his mark on the London Stock Exchange by axing its long-standing M&A advisers. Rolet has made no secret of his ambitious plans for the exchange, which he hopes to turn into a £10bn business via a number of strategic acquisitions [...]
CITY MOVES WHO’S SWITCHING JOBS July 27, 2009 Henderson New StarAsset manager Henderson Global Investors has appointed Mark Carpenter, a director in its property division, as head of its Henderson New Star property funds, replacing Roger Dossett. Dossett, who was head of New Star’s property team before Henderson took over New Star in April, will leave Henderson later this year to pursue his [...]
CITY MOVES WHO’S SWITCHING JOBS August 31, 2009 PricewaterhouseCoopersThe accountancy giant has appointed Nick Secrett to its pensions capital management team, which was launched at the end of last year and is headed up by partner Chris Massey. “Secrett has a wealth of capital markets expertise and will work with our clients to model and control their pension financing and investment risks,” said [...]
CITY MOVES WHO’S SWITCHING JOBS August 31, 2009 PricewaterhouseCoopersThe accountancy giant has appointed Nick Secrett to its pensions capital management team, which was launched at the end of last year and is headed up by partner Chris Massey. “Secrett has a wealth of capital markets expertise and will work with our clients to model and control their pension financing and investment risks,” said [...]
PARTY STALWART TEBBIT HAPPY TO STICK HIS NECK OUT FOR THE CITY October 8, 2009 TO ONE of the City’s favourite haunts, Boisdale of Bishopsgate, last night for a special members’ game dinner hosted by Lord Tebbit, staunch Thatcherite and eternal bearer of the beacon of those on the right of politics. Tebbit, as is his wont, was happy to wax lyrical about the issues facing the Tories in the [...]
PARTY STALWART TEBBIT HAPPY TO STICK HIS NECK OUT FOR THE CITY October 8, 2009 TO ONE of the City’s favourite haunts, Boisdale of Bishopsgate, last night for a special members’ game dinner hosted by Lord Tebbit, staunch Thatcherite and eternal bearer of the beacon of those on the right of politics. Tebbit, as is his wont, was happy to wax lyrical about the issues facing the Tories in the [...]