What the other papers say this morning January 10, 2011 FINANCIAL TIMES BUY-OUT GROUP GAINS CONTROL OF MADEJSKI’S LARGEST PROJECT Sir John Madejski, the property and publishing tycoon, has sold control over one of Britain’s largest commercial developments to a private equity consortium in the latest debt-driven property transaction. Benson Elliot, the private equity real estate firm, has teamed up with UK developer Stanhope to [...]
Six ways to prepare yourself for the UK’s new Bribery Act November 16, 2010 BUSINESSES are concerned that they will have little time to meet the demands of the Bribery Act when its offences come into force next year. If they wait for the government’s guidance on “adequate procedures” to be published, it may be too late to make the required adjustments. When the Bribery Act offences come into [...]
After-the-event insurance is an option for City litigants November 23, 2010 TROUBLED economic times are typically marked by a surge in litigation, even as companies’ budgets and their ability to fund litigation remain constrained. Given the imperative to continue delivering shareholder value in the face of uncertain market conditions and an increasingly litigious environment, it is hardly unexpected that litigation costs are fast rising to the [...]
CITY MOVES | WHO’S SWITCHING JOBS November 8, 2010 Williams de Broë Dougal Fraser is to join the investment manager, part of the Evolution Group, as an investment director and a member of the executive committee. Fraser has over 23 years of experience managing private client assets, most recently gleaned at BNP Paribas Wealth Management, where he has been an investment director and member [...]
High Court gives green light to Irish bank revamp November 1, 2010 Ireland’s High Court upheld Ireland’s state-run “bad bank” structure, throwing out a legal challenge that had threatened to complicate the country’s recovery from financial crisis. Paddy McKillen, who co-owns Dublin’s Clarence Hotel with rock group U2 band members Bono and The Edge, had brought the first case against Ireland’s National Asset Management Agency to try [...]
Reds expect legal win to end Lim hope October 11, 2010 LIVERPOOL will stride into today’s potentially seismic High Court hearing confident their £300m deal with New England Sports Ventures is watertight, despite talk of a rival bid from Asian billionaire Peter Lim. Singapore-based Lim, whose initial bid was snubbed in favour of NESV’s offer, made it known yesterday that he has not given up on [...]
Virgin will not compete with rival Eurostar October 25, 2010 VIRGIN Trains has denied suggestions it may launch rival services against Eurostar on the new high-speed line from London to continental Europe. Eurotunnel last week reportedly said Virgin was among those companies who could start running trains from the capital to European cities such as Paris, Brussels and Cologne. German state railway Deutsche Bahn (DB) [...]
Virgin will not compete with rival Eurostar October 25, 2010 VIRGIN Trains has denied suggestions it may launch rival services against Eurostar on the new high-speed line from London to continental Europe. Eurotunnel last week reportedly said Virgin was among those companies who could start running trains from the capital to European cities such as Paris, Brussels and Cologne. German state railway Deutsche Bahn (DB) [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 24, 2010 FINANCIAL TIMES QATAR KEEN TO BID FOR CHRISTIE’S AUCTION HOUSE Qatar is eyeing Christie’s, the auction house, as part of its plans to establish itself as a leading cultural destination in the Gulf. Although Christie’s has yet to receive a formal approach, Qatar’s emir, Hamad bin Khalifa al-Thani, told the Financial Times in an interview [...]
Hicks won’t back down in Liverpool sale fight October 7, 2010 EMBATTLED Liverpool owners Tom Hicks and George Gillett have fought back in the bitter internal power struggle over the club’s future ownership. Hicks insisted yesterday that Liverpool’s board had not been entitled to accept a £300m bid from New England Sports Ventures, in defiance of his and Gillett’s wishes, because two of the directors had [...]