LSE sees sales lifted in the third quarter January 27, 2011 THE London Stock Exchange reinforced its position as Europe’s leading bourse yesterday with a solid third-quarter trading update yesterday. The exchange beat analysts’ expectations with revenue of £165.9m in the three months to December, a six per cent rise over that period in 2009. The increase was largely due to income from its central counterparty [...]
CITY MOVES | WHO’S SWITCHING JOBS January 23, 2011 Navigant Navigant has announced the appointment of Romek Matyszczyk as a director in its London-based disputes and investigations team. With over 20 years of specialist valuation experience, Romek has advised on all aspects of valuing businesses, companies, listed and unlisted securities, intellectual property and intangible assets. Prior to joining Navigant, he was a partner in [...]
US freezes over $30bn of Libyan assets February 28, 2011 EUROPE and the US yesterday added to sanctions against Libyan leader Colonel Gaddafi as the international community continued its drive to squeeze him out of power. The US has frozen $30bn of Libyan assets in the largest move of its type in history. The EU also approved a package of sanctions banning the sale of [...]
Nord Gold plans to raise £1bn in IPO January 27, 2011 RUSSIAN mining group Severstal’s gold unit Nord Gold is seeking up to £933m from a London float, that would see the firm valued at up to £2bn. The conglomerate announced it would spin out its mining arm, a gold producer focussed on emerging markets, earlier this month. Nord Gold is expected to begin trading in [...]
Uncertainty hinders euro performance February 15, 2011 DISAPPOINTING US retail sales figures announced yesterday lunchtime failed to produce the increased yields on US Treasuries anticipated by traders, with the news allowing the euro to reach an early afternoon high of $1.3551. Combined with strong euro demand from Asia and the Middle East, the common currency stabilised itself against the dollar, rising 0.14 [...]
Uncertainty hinders euro performance February 15, 2011 DISAPPOINTING US retail sales figures announced yesterday lunchtime failed to produce the increased yields on US Treasuries anticipated by traders, with the news allowing the euro to reach an early afternoon high of $1.3551. Combined with strong euro demand from Asia and the Middle East, the common currency stabilised itself against the dollar, rising 0.14 [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
What the other papers say this morning February 16, 2011 FINANCIAL TIMES OAKTREE RETURNS INVESTOR’S CASH Oaktree Capital’s distressed investment fund has returned $3bn of the $10bn it raised from investors, reflecting its difficulties in finding opportunities as the economy improves, people familiar with the matter say. The fund, run by Bruce Karsh, was among the most aggressive buyers of distressed debt after the failure [...]
UBS signs Broadgate deal August 1, 2010 UBS HAS ended months of negotiations by signing off on a deal with property group British Land and private equity firm Blackstone to construct a towering new building to house its investment bankers on the Broadgate Estate. The deal comes after the parties said in May that they had agreed in principle to knock down [...]
UBS signs Broadgate deal August 1, 2010 UBS HAS ended months of negotiations by signing off on a deal with property group British Land and private equity firm Blackstone to construct a towering new building to house its investment bankers on the Broadgate Estate. The deal comes after the parties said in May that they had agreed in principle to knock down [...]