HORLICK PLANS SECOND PUSH INTO FILM INVESTMENT AT BRAMDEAN October 22, 2009 CITY superwoman Nicola Horlick has been keeping herself to herself of late, but she came out yesterday guns blazing to deny scurrilous rumours that her firm, Bramdean Asset Management, is on the block. “Bramdean is not for sale,” she insists, before launching into a tirade against idle gossipers. Horlick – who earlier this year was [...]
Diamond bags a golden boy August 17, 2009 BARCLAYS Capital boss Bob Diamond might well be justified in offering £30m for star metals trader Todd Edgar and his team – the trader is known for his nerves of steel and Midas touch when it comes to market calls. The 35-year old, who has ditched JP Morgan to join Diamond, is well regarded in [...]
CITY MOVES WHO’S SWITCHING JOBS September 13, 2009 Berwin Leighton PaisnerThe law firm has hired Russell Clifford as an asset finance partner and David Irving, pictured, as a director in the trusts and private tax team. Clifford, who was previously at Allen and Overy, specialises in structured asset finance, particularly rolling stock financing transations. Irving, who formerly ran a private equity and real [...]
CITY MOVES WHO’S SWITCHING JOBS September 13, 2009 Berwin Leighton PaisnerThe law firm has hired Russell Clifford as an asset finance partner and David Irving, pictured, as a director in the trusts and private tax team. Clifford, who was previously at Allen and Overy, specialises in structured asset finance, particularly rolling stock financing transations. Irving, who formerly ran a private equity and real [...]
BORIS ‘CIRCUS’ TAKES A HIT FROM TREASURY RINGMASTER MYNERS September 3, 2009 BORIS Johnson’s visit to Brussels yesterday looks to have ruffled quite a few feathers in the austere halls of the Treasury, which is now claiming it should be hogging the glory for defending the City’s hedge funds against the EU’s evil draft directive on alternative investment fund managers. Lord Myners, the City minister, yesterday got [...]
LENDERS WIN CONTROL OF CHEZ GERARD July 20, 2009 THE CHEZ Gerard and Bertorelli restaurant chains fell under the control of bankers yesterday. Silverfleet Capital, the private equity company, sold the chains’ owner Paramount Restaurants to its bankers, RBS, HSBC, Barclays and Sankaty for an undisclosed sum. The deal is expected to cut Paramount’s debts by around half to £65m.
LENDERS WIN CONTROL OF CHEZ GERARD July 20, 2009 THE CHEZ Gerard and Bertorelli restaurant chains fell under the control of bankers yesterday. Silverfleet Capital, the private equity company, sold the chains’ owner Paramount Restaurants to its bankers, RBS, HSBC, Barclays and Sankaty for an undisclosed sum. The deal is expected to cut Paramount’s debts by around half to £65m.
Undervalued peso poised to benefit from US recovery August 11, 2009 GIVEN the poor state of Mexico’s economy, you might think that its currency, the peso, would be suffering. Hit hard by global recession and falling oil prices, the real economy is expected to shrink by 5.5 per cent in 2009 while the country’s industrial production is contracting month-on-month. And even the country’s growing tourist industry [...]
Undervalued peso poised to benefit from US recovery August 11, 2009 GIVEN the poor state of Mexico’s economy, you might think that its currency, the peso, would be suffering. Hit hard by global recession and falling oil prices, the real economy is expected to shrink by 5.5 per cent in 2009 while the country’s industrial production is contracting month-on-month. And even the country’s growing tourist industry [...]
DARLING THREATENS LAW TO CURB CITY BONUSES August 16, 2009 CITY bankers are on a collision course with politicians over multi-million pound bonuses after chancellor Alistair Darling yesterday pledged to intervene to curb excessive pay and risk-taking in the Square Mile. The Treasury is ready to consider legal action on bonuses if they pose a “systemic risk” to the banking system, which Darling and many [...]