Greenhill and Evercore bosses raise $300m by flogging company shares August 11, 2009 BOSSES at investment banks Greenhill and Evercore Partners have taken advantage of rocketing markets by selling off tranches of their company stock, raising $300m (£182m) in total. The top four staff at Greenhill have raised $142m and the top three staff at Evercore have raised $18.3m, according to filings. Goldman Sachs benefited after bookrunning both [...]
Gunning for the glorious grouse August 11, 2009 THE City can hardly be short of people who consider themselves pretty crack shots when it comes to hitting clay pigeons or scoring the odd pheasant on a hospitality jaunt to the countryside. But true game shooting aficionados will say that you really can’t claim expertise until you’ve mastered the art of downing the fastest [...]
CITY VIEWS: IS THE GOVERNMENT RIGHT TO CLAMP DOWN ON TAX HAVENS? August 11, 2009 RICARDO PINEIRO ESPIRITO SANTO“The people who have access to these accounts are very wealthy, and to allow them to evade taxes is not fair to those paying tax in the UK. Also, it’s a messy time for the government with the public debt, so they are trying to get their hands on all the funds [...]
Capello rules out Almunia England call August 11, 2009 FABIO CAPELLO last night dismissed speculation that Manuel Almunia will be drafted in to ease England’s goalkeeper crisis.With first-choice David James ruled out through injury and Ben Foster withdrawing with a knee problem, reports resurfaced once again linking the Spanish-born Arsenal shot-stopper with an unlikely call-up. Almunia, 32, is now eligible to play for England [...]
Pietersen suffers fresh Achilles setback August 11, 2009 ENGLAND batsman Kevin Pietersen’s place in the squad for next month’s ICC Champions Trophy is in doubt after he suffered a setback in his recovery from Achilles surgery. Pietersen, 29, has had hospital treatment after an infection developed in the stitching of his scar tissue, it emerged yesterday. The Hampshire player was ruled out of [...]
Google to speed up search August 11, 2009 A post on the Google engineers blog has revealed that the internet search giant is developing technology which will “push the envelope on size, indexing speed, accuracy and comprehensiveness” of searches. The post invites web developers to try the new service and send them their feedback. The technology, nicknamed “caffeine”, could be launched soon after [...]
UK has most distressed firms August 11, 2009 The UK currently has the highest percentage of financially distressed companies in western Europe because of its position as the leveraged buy-out capital over the past decade, a report from bankers at Close Brothers showed yesterday. This, combined with data from rating agencies that cast growing doubt on whether firms are able to repay debt, [...]
Deloitte urges scrap extension August 11, 2009 Deloitte yesterday urged the government to extend the scrappage scheme, a day after the business department said the incentive was half-way through. “The industry has been buoyed; however there is still a real danger that it could suffer another sudden downturn when the scheme ends,” it said.
SPORT IN BRIEF August 11, 2009 Blades crash out of Carling CupFOOTBALL: League Two minnows Port Vale caused the shock of the night in the Carling Cup first round after beating Sheffield United 2-1 at Bramall Lane. A costly error from Blades keeper Ian Bennett allowed Marc Richards to notch a brace and hand Vale a famous victory against the Championship [...]
Trescothick: I’ll consider comeback if England ask August 11, 2009 SOMERSET batsman Marcus Trescothick, a veteran of England’s 2005 Ashes triumph, has hinted he could be ready to make a sensational return for the deciding Test of the current series. Trescothick retired from international duty in 2008 after suffering from a stress-related illness and has since resisted all attempts to coax him back to the [...]
