JC Flowers seals Refco futures deal October 19, 2005 American hedge fund Refco has thrashed out a deal to sell its core futures brokerage to a consortium led by JC Flowers and has decided to put the rest of the company into Chapter 11 bankruptcy protection. The beleaguered company agreed heads of terms for a $768m (£440m) deal to sell the division yesterday. Also [...]
US suffers shock inflation increase October 19, 2005 Inflation trends differed markedly on either side of the Atlantic yesterday, with the American producer prices (PPI) confounding analysts with their biggest gain in 15 years, but Britain got off lightly with a consumer price index (CPI) level of just 2.5 per cent. The American PPI shot up by 1.9 per cent on last month, [...]
Peter Dubens splashes out on Monument July 2, 2005 Oakley Capital, the Aim-listed private equity vehicle founded by serial entrepreneur Peter Dubens, has bought derivatives, equities and fixed income broker Monument Securities for an undisclosed amount. The broker was acquired from Dutch firm Insinger de Beaufort, who bought Monument three years ago for £15m. Martin Burton, who founded Monument in 1991, will remain in [...]
