Rolet quits LCH amid LSE rival rumours August 23, 2010 XAVIER Rolet, chief executive of the London Stock Exchange (LSE), has sensationally quit his position on the board of LCH.Clearnet, sparking rumours his firm is about to launch a rival clearing business. Rolet told LCH.Clearnet he was “too busy” to remain on the board. However a conflict of interests would arise if the LSE was [...]
The world’s largest goldminer sees blue skies ahead as demand soars November 24, 2010 Aaron Regent, the chief executive of the world’s biggest goldminer Barrick Gold, straightens his tie and smiles – it’s a good time to be in the gold business. Regent, a 44-year-old with a middle distance runner’s build, is sitting in a meeting room in the recently refurbished Savoy Hotel, and can be forgiven for feeling [...]
New retail boss hired for Habitat July 27, 2010 HABITAT has hired Gary Waldron – a former executive at Fat Face – as its retail director. The furniture and homeware chain is in the middle of a huge shake-up. The restructuring specialist Hilco bought Habitat in December from its former owner, ICAF, in a deal that involved writing off debts. Under the agreement there [...]
Xcite seals North Sea discovery January 4, 2011 OIL explorer Xcite said yesterday it has suspended its well in the Bentley field of the North Sea while it examines the quality of the oil found in December. The company said the oil find is a “transformational well for the company” and that it remains ready to be used as a production well in [...]
London to lose out in £30bn mega-float December 16, 2010 THE Hong Kong Stock Exchange is mounting an aggressive bid to lure away part of a float that looked set to be the biggest in London’s history. Glencore International, the world’s biggest commodities trader and a mining giant valued at £30bn, is planning an initial public offering (IPO) that could generate fees of up to [...]
Rio Tinto gets ready to offer £2.5bn to take over Australia’s Riversdale Mining December 22, 2010 MINING group Rio Tinto could announce its A$3.8bn (£2.5bn) offer for Riversdale Mining today, before time runs out on Riversdale’s trading suspension on the Australian stock exchange. Talks between the two companies were ongoing yesterday, with Rio understood to be offering around A$16 a share for Mozambique-focused Riversdale. Riversdale could instead announce a longer suspension [...]
Rio Tinto gets ready to offer £2.5bn to take over Australia’s Riversdale Mining December 22, 2010 MINING group Rio Tinto could announce its A$3.8bn (£2.5bn) offer for Riversdale Mining today, before time runs out on Riversdale’s trading suspension on the Australian stock exchange. Talks between the two companies were ongoing yesterday, with Rio understood to be offering around A$16 a share for Mozambique-focused Riversdale. Riversdale could instead announce a longer suspension [...]
Polyus and KazakhGold eye LSE June 30, 2010 Russian miner Polyus will list on the London Stock Exchange and probably enter the FTSE 100 following its merger with KazakhGold. The fused entity will have a market value of £6.7bn and is expected to be chaired by Mikhail Prokhorov, Polyus’ owner. Polyus said that it would delist its shares in Moscow to seek a [...]
Polyus and KazakhGold eye LSE June 30, 2010 Russian miner Polyus will list on the London Stock Exchange and probably enter the FTSE 100 following its merger with KazakhGold. The fused entity will have a market value of £6.7bn and is expected to be chaired by Mikhail Prokhorov, Polyus’ owner. Polyus said that it would delist its shares in Moscow to seek a [...]
Liberum profits buoyed after new client wins July 27, 2010 LIBERUM Capital saw revenues surge in the first half of the year as the boutique investment bank landed its first major mandates advising companies joining the full list of the London Stock Exchange. Earlier this month, Liberum acted as co-manager to Vallar, the cash shell set up by financier Nat Rothschild, on its admission to [...]