ANALYST VIEWS: HOW IMPRESSIVE ARE THESE RESULTS? November 9, 2009 BARRIE CORNES PANMURE GORDONGross written premium is up strongly for both Hiscox and Beazley. The claims environment in 2008 was pretty poor and 2009 has been much more benign, particularly in terms of catastrophe-related losses. Barring any major hurricane … the full years should be very strong for both. RAKSHIT RANJAN NOBLEBeazley is currently trading [...]
Former Chelsea chief Peter Kenyon to join Beckham talent management firm November 9, 2009 PETER Kenyon, the former chief executive of Chelsea Football Club, has joined one of the world’s biggest talent management firms, Creative Artists Agency (CAA), to boost its work in sports. Kenyon, 55, who left Chelsea last month after five years and also previously led Manchester United, said the agency had established itself as a “leader” [...]
Tropical storm Ida pushes oil to almost $80 a barrel November 9, 2009 OIL yesterday rose three per cent towards $80 a barrel after Tropical Storm Ida forced the shut in of US oil and gas production, helping to support prices. US crude for December delivery rose $2.34 to $79.77 a barrel by yesterday evening. London Brent crude gained $2.21 to $78.08. Ida, the first real storm threat [...]
Virgin Media’s Berkett joins the Guardian board November 9, 2009 Guardian Media Group (GMG) said yesterday that it had appointed Virgin Media chief executive Neil Berkett to its board as a non-executive director. The publisher of The Guardian and The Observer, which has been battling losses in the face of the advertising downturn and a consumer switch to online news sources, said it was delighted [...]
Anglo American snaps up Hampton to boost board November 9, 2009 MINING company Anglo American yesterday confirmed the appointment of RBS chairman Sir Philip Hampton to the board. Sir Philip joins as non-executive director in the latest of a series of senior changes at the precious metals group. Seen as a heavyweight figure in the City, Sir Philip was previously chairman of J Sainsbury, a position [...]
EX-BANKER TRIES HIS LUCK WITH SEX TOYS November 9, 2009 OF ALL the career paths followed by former City types who have lost jobs in the recession, this one really does take the biscuit. Matt Thomas, a former manager in corporate finance at Seymour Pierce, decided to make the most of the opportunity when he was made redundant last November by setting up a joint [...]
CITY EYE November 9, 2009 The City’s striking skyline, viewed from the 28th floor of the Citigroup tower at Canary Wharf yesterday on one of the coldest days of the year so far.
TAKING THE BISCUIT November 9, 2009 CADBURY last night dismissed a hostile £9.8bn takeover offer from the world’s second largest food company Kraft, accusing it of “irritating” its shareholders by making a low-ball tactical bid. Kraft’s hostile offer, which landed just hours before a deadline set by the City’s Takeover Panel, was made on the same terms as first mooted back [...]
DOW SURGES TO THIRTEEN MONTH HIGH November 9, 2009 GLOBALmarkets rallied yesterday after investors were buoyed by an improving global economy, as gold surged and the dollar weakened. A broad rally in the US sent the Dow to its highest close in thirteen months, after the Group of 20 ministers in Scotland pledged to keep interest rates low throughout the major world economies at [...]
US hedgie trial goes to a jury November 9, 2009 THE trial of two former Bear Stearns hedge fund managers went to a jury yesterday, in the case of the first high-profile Wall Street executives criminally charged with fraud over subprime mortgage-backed securities that fuelled the market meltdown. US prosecutors called a score of witnesses and cited hundreds of documentary exhibits for their case in [...]
