Don’t let men pat you on the head July 6, 2009 I WAS shocked recently by the article, “IT Girl Grows Up” where Tamara Beckwith was interviewed and calls her husband a chauvinist, lauding his statement: “You are a woman, you do as you are told.” She responds: “It’s quite nice actually for once to do as you are told.” This is when I dream of [...]
Osmond set to play second fiddle as Pearl puts final touches to Liberty deal June 29, 2009 THE former Pizza Express entrepreneur Hugh Osmond will have a greatly reduced influence in a restructured Pearl insurance group as part of plans announced yesterday. The Cayman Islands-registed Liberty International is injecting up to £510m into Pearl in a deal that will transform the group’s balance sheet while leaving Jonathan Moss as its chief executive. [...]
Osmond set to play second fiddle as Pearl puts final touches to Liberty deal June 29, 2009 THE former Pizza Express entrepreneur Hugh Osmond will have a greatly reduced influence in a restructured Pearl insurance group as part of plans announced yesterday. The Cayman Islands-registed Liberty International is injecting up to £510m into Pearl in a deal that will transform the group’s balance sheet while leaving Jonathan Moss as its chief executive. [...]
STANLEY FINK TO BRING ARK GALA DINNER GLITZ OUT OF HEDGIE SHELL July 5, 2009 WHAT a coup for former Man group boss Stanley Fink at the weekend, as he stepped into hedgie philanthropist Arki Busson’s shoes as the chairman of children’s charity Absolute Return for Kids (ARK). Busson is best known for his engagement to actress Uma Thurman and his hefty contribution to the hedge fund social circuit with [...]
THE LONDON REPORT June 22, 2009 THE FTSE 100 ended 2.6 per cent, or 111.88 points, lower at 4,234.05 yesterday as falling commodity prices pressured miners and oil majors. Bucking the trend, Anglo American was the biggest blue chip gainer, rising 4.6 per cent, after rival Xstrata said it wanted talks about a proposed merger of equals. Xstrata shed 6.7 per [...]
Paulson loses on Barclays short position June 4, 2009 PROMINENT hedge fund manager John Paulson has abandoned his fund’s short position on Barclays, losing an estimated £100m in the process. The loss will be particularly keenly felt because New York-based fund Paulson closed its position just a day before Abu Dhabi’s International Petroleum Investment Corporation opted to offload 1.3bn shares in Barclays, pushing the [...]
Rolet could earn 5.2m from LSE job June 3, 2009 XAVIER Rolet, the chief executive of the London Stock Exchange (LSE), could take home up to £5.2m in his first year in the role, according to he exchange’s annual report, published yesterday. The company’s annual report gave the City its first glimpse of the deal that enticed Rolet take on the job of tackling increased [...]
New LSE chief vows to keep market share May 20, 2009 THE London Stock Exchange’s (LSE) new chief executive, Xavier Rolet, yesterday vowed to fight newcomers hoping to take market share from the 200-year old institution. Taking the reigns from Dame Clara Furse – who stepped down after eight years – Rolet said he would not rule out consolidation with other companies nor the launch of [...]
Rugby club plans to float shares September 27, 2009 Rugby Union champions Leicester Tigers are planning to float next year. The club is making plans for a dual listing on the Channel Islands stock exchange and either London’s Aim or Plus market. The club’s shares are currently valued at over £10m, but the business is expected to generate a higher value when it floats.
London Mining hires Liberum Capital and GMP Securities to advise on listing October 12, 2009 London Mining, the UK-based company which develops mines for the steel industry, said yesterday it had appointed investment bank Liberum Capital as its adviser and joint broker to help its planned listing on Aim. GMP Securities will be the joint broker on the listing, which was first announced in July. London Mining said it had [...]