Why fizz is good for you December 14, 2009 JOHN Mortimer, the author who created the scuzzy lawyer Rumpole of the Bailey, used to say that champagne was the secret to a long life. Mortimer drank a glass of fizz every morning, before settling down to work on his plays and novels. He lived to a sprightly and active 85, and was publishing books [...]
EX-BANKER TO LAUNCH ART FUND VENTURE November 29, 2009 REGULAR readers may remember Nasser Azam, the former equities and derivatives trader at Merrill Lynch who swapped his high-flying City career for life as a humble artist. But it seems Azam has discovered a way to combine his twin passions, having just launched a new art investment fund called the Azam Collection. Actually, it isn’t [...]
SOVEREIGN SCORES A COUP AS IT NETS BANK GRANDEE BOB WIGLEY December 16, 2009 MY MY , but hasn’t it been an eventful few months for Aim-listed home equity release firm Sovereign Reversions? Back in August, Countrywide chairman Harry Hill and a couple of fellow dissident shareholders caused a touch of controversy by trying to oust Sovereign’s board and put the company into run-off by sending out pre-ticked proxy [...]
THE TIPSTER TURBULENCE MAY BE OVER FOR RYANAIR November 1, 2009 WE are still in earnings season, which means that shares and indices are subject to plenty of daily moves. Irish airline Ryanair had a turbulent time in October with its share price tumbling from €3.50 to below €3.00 so investors will be looking for some good news when it releases second quarter numbers today. The [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 7, 2009 FINANCIAL TIMES APAX PAYS £975M IN MARKEN BUY-OUTApax Partners will today announce the £975m buy-out of Marken, the provider of distribution services to the pharmaceutical industry, generating big profits for its management and Intermediate Capital Group, which acquired the company in 2007. The acquisition of Marken is the biggest private equity deal in the UK [...]
Galvins open a temple to fine food December 7, 2009 Galvin La Chapelle35 Spital Square, E1 6DY, tel: 020 7299 0400FOODSERVICEATMOSPHERECost per person without wine: £50 THE Galvin brothers first struck gold with their close-to-perfect Bistrot De Luxe in Baker Street, which fused rusticity with the fineness of serious French cuisine. Then they took over Windows at the Park Lane Hilton, turning it into a [...]
Moulton set to do it Better October 18, 2009 JON Moulton, who sensationally quit former private-equity firm Alchemy just two months ago, has bounced back by launching a new firm, Better Capital. Moulton yesterday told City A.M. that he had most of his new team in place, but would nail down the rest “over the next few weeks”. He added: “We’re talking about human [...]
Moulton set to do it Better October 18, 2009 JON Moulton, who sensationally quit former private-equity firm Alchemy just two months ago, has bounced back by launching a new firm, Better Capital. Moulton yesterday told City A.M. that he had most of his new team in place, but would nail down the rest “over the next few weeks”. He added: “We’re talking about human [...]
Withdrawing the stimulus early would be mistake November 1, 2009 So not bad at all! Historically the two most volatile months for stocks – October and September – have passed in the most benign fashion. September crackled by rounding off the FTSE 100’s best ever quarterly performance and in October the index has been almost flat. No gremlins there but of course investors now want [...]
Withdrawing the stimulus early would be mistake November 1, 2009 So not bad at all! Historically the two most volatile months for stocks – October and September – have passed in the most benign fashion. September crackled by rounding off the FTSE 100’s best ever quarterly performance and in October the index has been almost flat. No gremlins there but of course investors now want [...]