CITY MOVES | WHO’S SWITCHING JOBS September 27, 2010 London Stock Exchange The exchange has named Paolo Scaroni (pictured), the chief executive of Italian oil and gas group Eni and one of its non-executive directors, as its new deputy chairman. The LSE also said Massimo Tononi has joined the board as a non-executive director. Tononi was a partner at Goldman Sachs until July this [...]
Connaught “on brink of administration” September 7, 2010 Connaught, the property services group that specialises in social housing, is on the brink of going into administration, the BBC has reported. The company, which employs 10,000 people, has suspended trading of its shares, and said a further announcement would be made “in due course”. Connaught has £220m of debt, provided by six banks and [...]
BUYING March 10, 2011 Managing partner at black brick Q. How do you think the rise in stamp duty, which will rise from 4 to 5 per cent for properties over £1m from 6 April, will affect house prices? A.The rise will definitely affect the market outside of London, which is already slow due to lack of mortgage supply. [...]
Hong Kong gains ground on the City September 20, 2010 THE government was warned yesterday not to risk London’s position as the world’s largest financial centre as a report showed the City and New York losing ground to Hong Kong. Hong Kong has now joined New York and London as one of the “Big Three” financial centres for the first time, according to the latest [...]
Hong Kong gains ground on the City September 20, 2010 THE government was warned yesterday not to risk London’s position as the world’s largest financial centre as a report showed the City and New York losing ground to Hong Kong. Hong Kong has now joined New York and London as one of the “Big Three” financial centres for the first time, according to the latest [...]
Laing to float fund on LSE to raise £270m October 14, 2010 Infrastructure group John Laing yesterday unveiled plans to list an infrastructure fund in London raising up to £270m. Laing, owned by asset manager Henderson Group, will sell up to £256m of infrastructure schemes to the newly formed John Laing Infrastructure Fund (JLIF), in a move flagged up earlier this month. The fund will use the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 4, 2011 FINANCIAL TIMES LIBYAN REBELS SET FOR FIRST CRUDE EXPORTS Libyan rebels are set for their first oil export as soon as Tuesday as they seek funding to sustain their uprising against Muammer Gaddafi’s rule. The Liberia-flagged Equator tanker was off Port Said, Egypt, early on Monday and is expected to dock at the Marsa el-Hariga [...]
Delisting plan hits Accident Exchange hard September 1, 2010 SHAREHOLDERS in Accident Exchange Group face significant dilution as the vehicle replacement firm nears a refinancing deal with its senior lender and plans a conversion of its unsecured notes. The cash-strapped company, whose chairman once was Lord Young of Graffham, said it planned to cancel its shares from the Official List and delist them from [...]
Delisting plan hits Accident Exchange hard September 1, 2010 SHAREHOLDERS in Accident Exchange Group face significant dilution as the vehicle replacement firm nears a refinancing deal with its senior lender and plans a conversion of its unsecured notes. The cash-strapped company, whose chairman once was Lord Young of Graffham, said it planned to cancel its shares from the Official List and delist them from [...]
Terry Smith stands aside to focus on fund business October 13, 2010 City veteran Terry Smith is retiring as a director and deputy chairman of stockbroker Collins Stewart to focus on his new asset management venture Fundsmith. Smith, one of the UK’s best-known investment bankers who led the management buyout of Collins Stewart after becoming chief executive in 2000, will remain chief executive of inter-dealer broker Tullett [...]