New Look hails strong Xmas January 7, 2010 BUDGET fashion chain New Look yesterday said it was undecided on a return to the stock market as it reported strong Christmas trading. Like-for-like sales in the UK grew 5.9 per cent in the 14 weeks to 2 January, while total turnover including overseas operations was up 14.4 per cent. The “disposable fashion” group, backed [...]
CITY MOVES | WHO’S SWITCHING JOBS January 18, 2010 Piper Jaffray The mid-market investment bank has poached Ian Wainwright from Canaccord Adams to join its corporate broking team as a principal. Wainwright has been a managing director at Canaccord since 2007, and was instrumental in building the firm’s life sciences franchise. Prior to that, he was in specialist biotech, medtech and pharma sales at [...]
Fate uncertain for Lederman December 21, 2009 TURQUOISE chief executive Eli Lederman’s fate is hanging in the balance after his firm yesterday confirmed its tie-up with the London Stock Exchange’s Baikal dark pool trading platform. Lederman is understood to be in ongoing talks with the LSE over his potential role after the deal completes in February, though no decision has yet been [...]
Investors do support AIA deal, says Pru May 25, 2010 PRUDENTIAL chairman Harvey McGrath yesterday attempted to smooth balm on investor fears by insisting the majority of shareholders support the $35.5bn (£24.7bn) acquisition of AIA, after the group’s new Asian shares dived on their debut and reports suggested AIA’s boss believes the deal is “unworkable”. “The response is constructive,” McGrath said after the dual listing [...]
TURNING JAPANESE November 22, 2009 DAME Clara Furse, renowned in the City for her combative style while chief executive of the London Stock Exchange, is set to join the international board of Nomura. The appointment is a coup for the Japanese Bank which has been hit by high profile gender discrimination law suits. The international board is chaired by former [...]
Petropavlovsk is only group set to join bluechip FTSE 100 index December 7, 2009 GOLD producer Petropavlovsk, formerly Peter Hambro Mining, is expected to be the only company promoted to the FTSE 100 index when the latest quarterly indexes review is announced tomorrow. Tour operator Thomas Cook Group looks set to be demoted back to the mid caps after a poor run by its shares with the sector hit [...]
LSE seals deal to buy stake in Turquoise December 21, 2009 The London Stock Exchange (LSE) has finally struck a deal to acquire Turquoise, a rival share trading platform that was launched just over a year ago to take on the LSE. The London bourse will announce at 7am that it is taking a 60 per cent stake in the lossmaking platform and investing some £20m [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2010 FINANCIAL TIMES ICBC SAYS IT WILL RAISE £4.26BN Industrial and Commercial Bank of China, the world’s largest lender by market value, said yesterday it planned to raise up to £4.26bn in a rights issue in Hong Kong and Shanghai to shore up its capital base. The rights issue is the latest in a string of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 28, 2010 FINANCIAL TIMES ICBC SAYS IT WILL RAISE £4.26BN Industrial and Commercial Bank of China, the world’s largest lender by market value, said yesterday it planned to raise up to £4.26bn in a rights issue in Hong Kong and Shanghai to shore up its capital base. The rights issue is the latest in a string of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 23, 2010 FINANCIAL TIMES NISSAN’S GHOSN TOPS JAPAN PAY LEAGUE Nissan’s Carlos Ghosn has taken top spot on a list of Japan’s best-paid executives after the carmaker revealed it paid its Brazil-born chief executive Y890m ($9.9m) last year. Nissan and other quoted Japanese companies are being forced to report the compensation of individual executives for the first [...]