CITY MOVES | WHO’S SWITCHING JOBS June 6, 2010 London Stock Exchange The exchange has hired Gay Huey Evans and Paul Heiden as non-executive directors and made Raffaele Jerusalmi an executive director. Huey Evans, pictured, is vice chair of investment banking and investment management at Barclays. Heiden is executive chairman of Talaris Topco and a non-executive at United Utilities, while Jerusalmi is director of capital [...]
Apax buys Sophos stake May 3, 2010 SOPHOS, the biggest privately held security software maker, has agreed to sell a majority stake to private equity firm Apax Partners, ditching efforts to take itself public, City A.M. can confirm. The two co-founders of the Oxfordshire-based company, Jan Hruska and Peter Lammer, are selling most of their combined 60 per cent share in a [...]
Capital Drilling makes a triumphant start to trading on the LSE official list June 7, 2010 EMERGING markets-focused mining group Capital Drilling yesterday saw its market value jump by over £6m on its first day of trading on the main list of the London Stock Exchange, as investors snapped up the stock. The firm listed at 61.5p a share but rose over the course of the day to close at 66p, [...]
Jupiter stars in line for flotation reward May 18, 2010 FUND management group Jupiter is to put in place new long-term incentive plans to tie in its star employees following its proposed flotation on the London Stock Exchange next month. The move is intended as an additional motivational tool to retain its top-performing employees, including financial opportunities manager Philip Gibbs and his newly-recruited colleague Guy [...]
GOLDMAN’S KAFKA OFF TO GREENER PASTURES July 13, 2010 IT’S out of the revolving door for one of Goldman’s chief spinmeisters, Paul Kafka, who’s off to pastures new at rival UBS. I hear Kafka is now on gardening leave after almost four years as Goldman’s European head of corporate comms. He’ll be stepping up to the plate at UBS later in the year, as [...]
What the other papers say this morning December 22, 2010 FINANCIAL TIMES PATTEN TOPS LIST TO CHAIR BBC TRUST Six people are on the shortlist to be the next chairman of the BBC Trust, according to two insiders who have seen the document. Lord Patten, former Conservative party chairman and the last governor of Hong Kong, is clear favourite. But Sir Howard Davies, director of [...]
Turquoise set to trade US equities in European time April 14, 2010 THE London Stock Exchange yesterday unveiled ambitious plans to turn its Turquoise platform into the first European multilateral trading facility (MTF) to trade US equities during the European working day. Turquoise, which is 51 per cent owned by the exchange and the rest by twelve investment banks, will offer dollar trading in 175 of the [...]
Ukranian egg maker in LSE listing April 5, 2010 Ukranian egg producer Avangard is set to push ahead with plans for a London Stock Exchange listing in a deal that could value the firm at $200m (£130m). It is the Ukraine’s biggest egg producer with more than 16,000 birds over 19 farms.
WHAT THE OTHER PAPERS SAY THIS MORNING June 17, 2010 FINANCIAL TIMES UGANDA TAX ROW DELAYS HERITAGE SALE OF OIL FIELD Uganda is insisting that Heritage Oil, the UK-listed oil explorer, must agree to pay $360m (£243m) in capital gains tax on the “super profits” it will make on a $1.35bn oilfields sale before it will sanction the deal. Uganda’s energy minister said the government [...]
ABB pounces with surprise Chloride offer June 8, 2010 CHLORIDE, the UK power protection group that is being courted by Emerson, yesterday shocked the markets by announcing it has tied up a £860m deal with Switzerland’s ABB. ABB is offering 325p a share, plus the payment of a 3.3p dividend, and its bid easily beats an earlier rejected offer of 275p a share from [...]