Private equity owners sell on chemicals firm Norit for $1.1bn June 21, 2012 CHEMICAL maker Cabot has revealed plans to buy Netherlands-based activated carbon manufacturer Norit from its private equity owners for $1.1bn (£703m) to focus on higher-margin specialty chemicals. Cabot will buy Norit from affiliates of British private equity fund Doughty Hanson and Dutch investment firm Euroland Investments. Norit was acquired by a group of investors led [...]
Anna Schwartz, 1915-2012 June 21, 2012 US economist Anna Schwartz has died at 96. She was co-author with Milton Friedman of A Monetary History of the United States, which blames the US central bank for the Great Depression. Ben Bernanke, the Fed’s current president said in 2002: “You’re right, we did it. We’re very sorry. But thanks to you, we won’t [...]
Doctors’ strike figures disputed June 21, 2012 The Department of Health claimed just eight per cent of doctors working in the NHS in England, or 11500, showed their support for a strike yesterday, but strategic health authorities claimed up to a fifth of GP practices had been hit by the industrial action. Doctors took action for the first time in almost four [...]
Amec signs deal with Aibel June 21, 2012 Engineering and project management firm Amec said yesterday it had signed a collaboration agreement with Norway’s Aibel, one of Norway’s largest oil services firms. The agreement will allow AMEC and Aibel to jointly deliver projects for the oil and gas industry in the Norwegian Continental Shelf.
Norcros increases dividend June 21, 2012 UK and South Africa-focused consumer products group Norcros upped its dividend yesterday after its group revenue increased by 5.6 per cent in the year to 31 March. Profits of £12.1m were 3.5 per cent higher than in 2010. The company will issue a final dividend of 28p per share in addition to the interim dividend [...]
Wood Group wins Shell contract June 21, 2012 Energy services firm Wood Group has been awarded a multi-year engineering, procurement and construction management (EPCM) framework agreement by Shell Oil Products US. The agreement has been awarded to Wood Group’s Mustang division.
How a red tie curries favour at Santander June 21, 2012 The men in red ties appeared to have taken over the Ladies’ Smoking Room at the St Pancras Renaissance hotel the other evening as Santander UK hosted its very pleasant summer drinks party. All the Santander men present wore red ties, although a spokesman yesterday said there had been no order to do so. The [...]
14 year old takes Bank of America prize June 21, 2012 BANK of America Merrill Lynch’s Student Presentation Skills prize 2012 has gone to 14 year old Wahida Tasnim, after the panel heard her vehement speech on climate change. Tim Loughton MP, parliamentary under secretary of state for children and families, who opened the event said: “We were all thoroughly impressed by the high standard of [...]
WOOTTON’S ON TOP OF THE WORLD June 21, 2012 ONE hundred people, including the Lord Mayor’s daughter Sophie Wootton (pictured), took part in an abseil down the side of the Lloyd’s building for the Lord Mayor’s Appeal on behalf of the Trauma Unit at the Royal London Hospital.
WHO’S SWITCHING JOBS June 21, 2012 Osborne Clarke Sue Gold has joined the law firm as a partner in its privacy and data protection team. She joins from the Walt Disney Corporation, where she was principal counsel for Europe, Middle East and Africa. Gold has over 15 years’ experience in data protection and previously worked for five years at UBS. LV [...]