Coller sweeps up Lloyds unit in £480m deal July 5, 2010 BUYOUT house Coller Capital plans to inject £100m fresh capital into Lloyds Banking Group’s private equity portfolio after buying a controlling share in the assets, valuing them at £480m. Coller yesterday paid £332m in cash for a 70 per cent share in Lloyds’ Integrated Finance unit, which comprises equity and debt stakes in 40 companies. [...]
Lloyds and Och Ziff hedge fund plan to sell their Vue stake April 25, 2010 LLOYDS, the UK state-backed bank, and US hedge fund Och Ziff are considering selling their 48 per cent holding in Vue Enertainment. The cinema chain is part of Lloyd’s integrated finance portfolio, made up of stakes in 43 companies, which it inherited when it bought HBOS in 2008. Lloyds plans to sell the portfolio to [...]
Lloyds close to sell-off of HBOS assets March 7, 2010 LLOYDS Banking Group is inching closer to a decision on the disposal of its HBOS Integrated Finance investment vehicle, over a year after the division was first put up for sale as part of a drive to manage down the bank’s balance sheet in the wake of the crisis. Lloyds is in discussions with a [...]
Loopsign brothers bank dividend November 17, 2009 Ian and Richard Livingston, the billionaire brothers who own David Lloyd Leisure, received £242m each in dividends for the year to the end of September 2008, according to accounts filed by their property firm Loopsign. However the firm, which owns the Marks & Spencer building on Baker Street and land in Russia and the Turks, [...]
LLOYDS TO OFFLOAD CUMMINGS’ LEGACY May 25, 2009 Lloyds Banking Group has appointed UBS to advise on the potential sales of its stakes in a slew of household name companies, including David Lloyd Leisure and House of Fraser. Lloyds inherited the stakes from the Integrated Finance unit of HBOS, which was headed up by Peter Cummings (above). but their value has since plummeted.
CITY MOVES WHO’S SWITCHING JOBS June 3, 2009 RWC PartnersThe asset manager has appointed Mike Corcell to its London office to launch a new UK long/short equity fund, expected to open in the third quarter of this year. Corcell joins RWC from SAC Investment Management, which he joined last year after a five-year stint at Threadneedle, where he launched and managed the $700m [...]
See yourself as a brand to get ahead in today’s City June 10, 2009 AT a time when so many people in the City are looking for a job, the important thing is to stand out from the crowd. As a headhunter, I often help clients and candidates to market themselves. The best way to do this is to build a personal brand. But how do you do this? [...]
Whitbread wields axe as speculators circle October 24, 2005 Whitbread is expected to reveal plans to axe a quarter of its head office work force tomorrow. As he reports disappointing interim figures on Tuesday, chief executive Alan Parker is expected to confirm that up to 250 jobs will go at the leisure group’s Luton headquarters. Parker is fighting to keep the disparate business together. [...]
‘No talks’ at Whitbread October 26, 2005 The wind was knocked out of Whitbread’s sails yesterday after chief executive Alan Parker moved to quieten the takeover talk that has buoyed its shares. The leisure group was one of the biggest fallers of the day after Parker said there had been “no talks” with private or trade buyers about selling off any of [...]