WHAT THE OTHER PAPERS SAY THIS MORNING August 10, 2009 FINANCIAL TIMES BBC ARM WINS COURT RULING ON 2ENTERTAINBBC Worldwide, the BBC’s commercial arm, has won a court case against the administrators of Woolworths over the value of their 2Entertain joint venture. The decision at the High Court in London is likely to face an appeal by Deloitte, the administrators, who are fighting to maximise [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 10, 2009 FINANCIAL TIMES BBC ARM WINS COURT RULING ON 2ENTERTAINBBC Worldwide, the BBC’s commercial arm, has won a court case against the administrators of Woolworths over the value of their 2Entertain joint venture. The decision at the High Court in London is likely to face an appeal by Deloitte, the administrators, who are fighting to maximise [...]
Brit launches bid for Chaucer June 22, 2009 LLOYD’S of London insurer Brit Insurance made a £226m all-share offer for smaller rival Chaucer yesterday, forcing private equity group Pamplona to reveal it has built a 7.34 per cent stake in the company. Brit is offering the Chaucer board 0.23 new Brit shares for every Chaucer share. This is a nil-premium offer, meaning it [...]
Brit launches bid for Chaucer June 22, 2009 LLOYD’S of London insurer Brit Insurance made a £226m all-share offer for smaller rival Chaucer yesterday, forcing private equity group Pamplona to reveal it has built a 7.34 per cent stake in the company. Brit is offering the Chaucer board 0.23 new Brit shares for every Chaucer share. This is a nil-premium offer, meaning it [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2009 THE SUNDAYSThe Sunday TelegraphDSG CHAIR ABANDONS CRYSTAL BALLThe outgoing chairman of DSG International, the Currys owner, has described the reduction in the retailer’s market size as “painful” and admitted he failed to see the downturn coming. Sir John Collins said he told John Browett, the electrical retailer’s chief executive, not to worry about the prospect [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 5, 2009 THE SUNDAYSThe Sunday TelegraphPRU ENSURES CHANGES TO CAZENOVE RESEARCHJP Morgan Cazenove has rewritten a piece of research about Prudential that initially made a string of adverse comments about the insurer’s accounting procedures. The research note is understood to have made disparaging remarks about reporting decisions taken by Tidjane Thiam, set to take over as chief [...]
Emerging market strength means luxury is down but far from out June 8, 2009 FOR a while it seemed like the luxury goods retailers would escape the global recession relatively unscathed. The rich would still remain relatively rich and any loss of custom in developed countries would quickly be replaced by growing demand in emerging markets like China. That hope has vanished in the past two weeks as the [...]
The firm that has risen above the Magic Circle August 4, 2009 THE Magic Circle model is in need of a re-engineering.” In light of recent revelations about the impact of the economic downturn on City law firms, that statement might not qualify as controversial. However, it’s noteworthy because it is a view espoused by Nigel Knowles, co-chief executive of DLA Piper, the newly-anointed “biggest law firm [...]
CITY MOVES WHO’S SWITCHING JOBS May 21, 2009 AltiumThe investment banking group has appointed a number of new hires to its London team. Steve Medlicott, pictured, a top-rated capital goods analyst, joins from Singer Capital Markets, while Andrew Burdis joins the institutional sales team from Numis. Ian Williams joins the economics and strategy team from Blue Oar Securities, Clare Banham joins the equity [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 22, 2009 FINANCIAL TIMES BRAMDEAN FUND POSTS HEAVY FALLBramdean Alternatives, the listed fund of alternative funds, has posted its worst monthly fall in net asset value in sterling terms since its inception two years ago. The fund, which is managed by Nicola Horlick’s Bramdean Asset Management, suffered a 7.7 per cent fall in net asset value to [...]