Hughes reunited with Santa Cruz after 18m deal sealed June 22, 2009 ROQUE SANTA CRUZ hailed the chance to work with former boss Mark Hughes as the major factor in his decision to make an £18m move to Manchester City after completing the long-awaited switch yesterday. After passing a medical the 27-year-old Paraguay striker signed a four-year deal which commits him to Eastlands until 2012. “I know the [...]
Setanta’s non-payment has its rights-holders fretting June 2, 2009 THE Scottish football authorities were yesterday fearing the worst after Setanta, the struggling pay telelvision company, missed a £3m payment and gave no indication when it might be forthcoming. The missed payment has sent shockwaves through the Scottish football establishment which recently signed a lucrative four-year deal with Setanta worth £125m. Last night the chairmen [...]
How the King of the UK back office plans to keep his business growing June 21, 2009 IT is fascinating to listen to David Andrews talk about his business. For most of us, back offices may seem deadly boring – but when you discover Andrew’s passion for Xchanging, the FTSE 250 back office outsourcing giant he founded 10 years ago, you suddenly realise just how true it is that finance and corporate [...]
Lookers agrees refinancing deal to cut debt by 30m as car dealers struggle June 1, 2009 CAR dealer Lookers said yesterday it agreed a refinancing deal to slash its debt by around £30m, as it reported a slump in profits. Lenders agreed to the £210m refinancing deal on the condition that Lookers suspended its dividend payouts until June 2010. It added it would only return to a progressive dividend policy when [...]
Lookers agrees refinancing deal to cut debt by 30m as car dealers struggle June 1, 2009 CAR dealer Lookers said yesterday it agreed a refinancing deal to slash its debt by around £30m, as it reported a slump in profits. Lenders agreed to the £210m refinancing deal on the condition that Lookers suspended its dividend payouts until June 2010. It added it would only return to a progressive dividend policy when [...]
IMA recruits fund stars to its board May 20, 2009 ASSET management trade body the Investment Management Association (IMA) has appointed a slew of fund management heavyweights to its board including Alain Dromer, global chief executive of the £235bn Aviva Investors. The IMA, which speaks for the £3.4 trillion UK asset management industry, has named four new members also including Investec Asset Management boss Hendrik [...]
Dutch defeat was inspiration June 9, 2009 IT’S not often you can take positives from an embarrassing defeat against the Netherlands in a major international competition, but you could argue that England’s fate last Friday actually lit the touchpaper for the entire World Twenty20 tournament. As we have already seen with the Netherlands beating England and Ireland waltzing through to the Super [...]
Scramble for talent among smaller firms June 14, 2009 SMALLER City financial firms are frantically headhunting top-tier staff who have become casualties of cost-saving job cuts at giants like Credit Suisse, HSBC and Dresdner Kleinwort. Firms such as Arbuthnot Securities, Blue Oar and Panmure Gordon are scrambling to emerge from the recession with higher profiles by grabbing seasoned talent on lower salaries than ever, [...]
Scramble for talent among smaller firms June 14, 2009 SMALLER City financial firms are frantically headhunting top-tier staff who have become casualties of cost-saving job cuts at giants like Credit Suisse, HSBC and Dresdner Kleinwort. Firms such as Arbuthnot Securities, Blue Oar and Panmure Gordon are scrambling to emerge from the recession with higher profiles by grabbing seasoned talent on lower salaries than ever, [...]
Hand of Stone smites Murray’s French bid June 2, 2009 BRITISH No1 Andy Murray admitted having no answer to the sheer power of 12th seed Fernando Gonzalez after seeing his dream of French Open glory die at the quarter-final stage. Murray slugged his way back into the match after dropping the first set but wilted in his attempt to contend with the brute force of [...]