Deputy Editor David Hellier has been at City A.M. since October 2005 when he joined as news editor from the Independent. David has worked at a host of papers, including the Daily and Sunday Express and the Evening Standard.
LONDON has enjoyed something of a return to form in the new issues market during 2013, but it’s the Milan stock market that is going out with a flourish.
The Dubai-based property group became the first major company from the region to float in London since 2007, yesterday. David Hellier went to meet its founder.
THYSSEN Krupp shares collapsed yesterday after the German steelmaker announced it was issuing 10 per cent of new shares to raise £745m of fresh capital.
In the past few days there have been suggestions that relations within the Standard Chartered boardroom aren’t all that they might be.
THE PLANNED London flotation of Damac, the Dubai-based property group, received a boost last night when Dubai was chosen as the venue for Expo 2020, beating off stiff competition from cities in Brazil, Turkey and Russia.
MONCLER, an Italian maker of luxury fur lined puffer jackets, yesterday announced plans to float on the Milan stock exchange, hoping to replicate the success of Brunello Cucinelli, the luxury retail group that went public in early 2012.
BANKS advising Damac, the Dubai-based property group, on its London flotation last night went back on plans to price the shares.
FORMER Bank of England governor Lord Mervyn King may be asked to give evidence to the Treasury Select Committee investigating the collapse of the Co-op’s purchase of Lloyds Bank branches, after claims he told a rival bidder its bid would get nowhe
Peter Cruddas tells David Hellier why it was just about time for a change
AS JOHN Major’s supposedly favourite think tank, the Bow Group, yesterday urged an independent investigation into the sale of Royal Mail Group, it seems that a growing number of people believe the bankers on the deal performed a bad job and should
TWO MEMBERS of Neil Woodford’s investment management team have decided to follow the star fund manager out of the door at Invesco Perpetual, increasing concerns the firm will lose key clients, funds and personnel.
BANKERS summoned to give evidence to the Business Select Committee tomorrow are expected to argue they would have risked the flotation of the Royal Mail collapsing if they had tried to re-price it upwards at the last minute.
THE RUEBEN Brothers, owners of Global Switch, the largest wholesale carrier neutral data centre provider in Europe and Asia-Pacific, are contemplating paying themselves a £600m dividend following a credit ratings increase from Standard & Poor
WHAT a difference a week makes.
RETAIL investors are set to be scaled back considerably in the flotation of Terra Firma’s renewable energy company Infinis, City A.M. understands.
ABERDEEN Asset Management has ruled out making a cash offer for Scottish Widows Investment Partnership (SWIP) even if that means losing out in a bid battle for the investment business currently owned by Lloyds Banking Group, sources close to the t
ADVISERS to Infinis, the renewable energy group owned by Guy Hands’ Terra Firma, were yesterday said to be guiding potential investors to the mid-point in the price range for the group’s forthcoming flotation.
SHARES in Aberdeen Asset Management tumbled 4.51 per cent yesterday as investors worried the group might get caught up in an expensive bidding war for Lloyds Bank’s fund management business, Scottish Widows Investment Partnership (SWIP).
SHARES in Just Retirement, the annuity and equity release provider majority owned by private equity group Permira, traded at slightly below issue price yesterday as the market drew comparisons with rival Partnership.
The favourite retort from fund managers who staged a near full-scale buyers’ strike for a few years on new issues in the UK was that they too often felt short-changed.
SHARES in the Madame Tussauds owner Merlin Entertainments will start trading today following a sales process that had to be brought forward because it was going so well.
THE Financial Conduct Authority (FCA) yesterday strengthened its listing rules to protect minority shareholders in the wake of the scandals surrounding ENRC and Bumi, two companies that floated in London and became mired in controversies over c
The TV sports giant’s managing director Barney Francis tells David Hellier that the secret to success is to keep growing in the face of increasing competition
THE CONTROVERSY over the sale of Royal Mail erupted again yesterday when Sky News reported that JP Morgan had valued the company as highly as £9bn as part of a pitch to advise on the transaction.
A cursory look at the latest investment banking league table leads one to an inevitable conclusion; that investment banking in Europe is becoming more and more the preserve of the American bulge bracket banks.