David Mayhew Jr joins Barclays March 5, 2014 EVERYONE from the City’s gossips to its financial historians have been treated with an exciting news titbit. Robert Mayhew, progeny of City veteran David Mayhew, has joined Barclays’ corporate broking team in a senior role, bringing years of experience from Credit Suisse with him. Mayhew junior may not yet have the kind of cachet his [...]
Finland’s Metso rejects Weir’s takeover offer April 16, 2014 FINNISH rock-crushing firm Metso rejected rival engineering company Weir’s takeover offer yesterday, on the grounds that it “is not in the best interest of Metso shareholders”. FTSE 100-listed Weir said it “continues to believe that there is a compelling strategic rationale for bringing the two companies together” but said that there is no certainty it [...]
Best of the Brokers for 12 February 2014 February 11, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com IMAGINATION TECHNOLOGIES Investec maintained its “hold” rating for the processor maker with a target price of 170p. The broker said that the battle between Mediatek’s smartphone platform, containing Imagination’s chip, and rivals would be a risk during 2014 as Mediatek is its second [...]
Cochin, Kerala: The Indian town with all the beauty of Goa without the tourists July 18, 2014 The road from the Cochin airport is lined with enormous signs advertising wedding silk and jewellery shops. Is this India’s biggest wedding depot? “Saris!” was all I could get out of the driver for an explanation. But soon enough, bright pink and turquoise beach shacks began to line the road, Zen-looking men in nappy-like skirts [...]
The man behind the revolution in your pocket May 27, 2014 The boss of Britain’s biggest tech firm tells Oliver Smith why so many people haven’t even heard of Arm Holdings DESPITE his company helping to power the smartphone revolution and almost single-handedly leading the charge into the so-called internet of things, Simon Segars says he doesn’t mind that outside of tech circles most people have [...]
Imagination shares lift as Apple extends its iPhone chip contract February 6, 2014 IMAGINATION Technologies saw its shares rocket as much as 20 per cent yesterday after it renewed a multi-year contract with Apple to supply the iPhone-maker with graphics chips for its devices. Since the beginning of 2012 Imagination’s share price has plummeted by over 75 per cent on fears that the chip maker was losing market [...]
Selling that Derby dream June 7, 2014 Bill Esdaile speaks to Tattersalls’ Jimmy George about how to sell the best horses in the world WHEN John Magnier raised his hand for the last time for Lot 172 at the Tattersalls October Yearling Sale back in 2012, he did so with today’s date firmly in mind. He’d just paid 525,000 guineas on behalf [...]
AstraZeneca in biotech deal to boost pipeline January 8, 2014 ASTRAZENECA has signed a deal with private British biotech company Immunocore to boost its experimental cancer drug pipeline as it seeks to find new medicines to replace those going off patent. Immunocore is developing drugs known as ImmTACs that exploit the power of the body’s own immune system to find and kill diseased cells. AstraZeneca [...]
Philips exits TV joint venture to focus on health January 20, 2014 PHILIPS has sold its 30 per cent stake in television joint venture TP Vision to majority owner TPV Technology as the Dutch tech firm moves to focus on its growing business in healthcare and lighting. The deal will allow TPV to continue to sell TVs under the Philips brand with an annual royalty of 2.2 [...]
Raw ambition: Meet Yo! Sushi founder and ex-Dragon Simon Woodroffe June 16, 2014 Harriet Green talks Yo! Sushi and embracing disaster with ex-Dragon Simon Woodroffe For one of Britain’s most ebullient entrepreneurs, Simon Woodroffe is modest about his first steps into business. “The initial motivation was desperation”, he says. The founder of Yo! Sushi, Yo! and former BBC Dragon says that he “started a restaurant in a world [...]