Dawson sees loss as media December 21, 2009 MEDIA services company Dawson Holdings has reported a pre-tax loss of £6.1m in the year to the end of September, which compares with a £3.5m profit the year before as the recession takes its toll. Dawson said it had established a package of cost-cutting measures in an attempt to improve its finances. The bleak figures [...]
CITY MOVES | WHO’S SWITCHING JOBS January 4, 2010 Coutts & Co The private bank has appointed Maggie Bradley as a client partner for its Oxford office, focusing on the local entrepreneur, professional and executive markets. Bradley joins from Coutts’ head office in London, where she has worked for the past five years, latterly as a business partner for international clients. Prior to that, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 3, 2010 FINANCIAL TIMES AXA PUTS SPOTLESS UP FOR SALE Spotless, the French maker of laundry and cleaning products, could become the latest “pass-the-parcel” deal between private equity groups, after Axa Private Equity put it up for sale with a €600m-€700m price tag. A recent recovery in debt markets has encouraged private equity groups to become more [...]
Fears over Barclays sell-off drag the FTSE 100 down June 2, 2009 THE FTSE 100 ended down 0.7 per cent yesterday, hurt by banks after a major shareholder sold its holding in Barclays, although improving US pending home sales lent some support. The index closed 29.17 points lower at 4,477.02, giving up some of the previous session’s 2 per cent rise. Barclays topped the FTSE 100 losers’ [...]
Good banks leave their weak rivals behind November 10, 2009 THERE are three main messages from Barclays’ and HSBC’s results yesterday. British banks are divided into two groups: strong, private firms that have continued to generate profits during the crisis; and weak players that had to be bailed out. It is simply wrong to claim that all banks are the same. It is also clear [...]
Telereal Trillium agrees debt November 18, 2009 Telereal Trillium, the property investment vehicle owned by the William Pears Group, has pulled off a £340m debt refinancing with four banks. The restructure, one of the biggest transactions this year, was arranged between Telereal Trillium and Barclays, Lloyds, Germany’s Eurohypo and Spain’s Santander. Graham Edwards, Telereal Trillium’s chief executive, said: “We are very grateful [...]
New rules would be bad for London January 21, 2010 HOW predictable. No sooner was Barack Obama humiliated by the Massachusetts electorate earlier this week – his left-wing candidate lost Ted Kennedy’s ultra safe seat to a radical conservative – than he announces another war on Wall Street. It is easy to forget in Britain, where Obama remains extraordinarily popular, that his administration is no [...]
Barclays in talks to sell its BGI unit May 14, 2009 BARCLAYS has entered preliminary talks with US money manager BlackRock as well as other potential buyers for its prized asset management arm Barclays Global Investors (BGI). Any sell-off could generate at least $10bn (£6.6bn) for the bank but the ongoing talks could easily lead to nothing. The Barclays board is understood only to want to [...]
Barclays bounces back to lead the market rally May 13, 2009 BARCLAYS is sitting pretty at the top of the UK’s rebounding stocks over the last three months, new figures from Motley Fool (Fool.co.uk) showed yesterday. The bank’s share price has soared from 61p on 9 March to 281p as of Monday’s closing price, a gain of 360 per cent, as UK lenders began to claw [...]
Lehman estate claims sale to Barclays was too low May 18, 2009 LEHMAN Brothers’ estate claimed yesterday the fire sale of its broker-dealer and investment banking units to Barclays for $1.54bn (£1bn) was too low. It is now trying to force an investigation into whether it received enough compensation for its units. In a US court filing last night, Lehman said it believed that liabilities assumed by Barclays for [...]