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.
THE timing appeared so impeccable, you almost felt it must have been staged. Just as Bank of America Merrill Lynch’s head of equity capital markets was running through a presentation on how the bank has gained market share over the year, one of
STANDARD Chartered, the emerging markets bank, is being urged to start taking costs out of the business as soon as possible in the hope of avoiding the need for a cash call in the New Year.
THE US hedge fund demanding radical change at FirstGroup, the transport company, pledged to keep up the pressure despite having its plans for change snubbed by the group’s board.
THE Canadian Pension Plan Investment Board (CPPIB) yesterday bought a 15 per cent stake worth £269m in the French nursing-home group Orpea.
THE SERIOUS Fraud Office (SFO) suffered a major embarrassment yesterday when it was forced to drop an anti-corruption case after one witness changed his evidence and two others refused to attend trial in the UK.
THERE’S no let-up in the amount of change going on at 3i, the private equity group, that is still being shaken up by chief executive and former Greenhill investment banker Simon Borrows.
BARCLAYS announced unexpectedly yesterday that Sam Dean, its highly popular and experienced head of equity capital markets in Europe, is taking a sabbatical for family reasons.
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).