Hoare Govett loses another client as Mouchel hires Goldman Sachs March 1, 2012 HOARE Govett, the corporate broker that has just been bought by the investment bank Jefferies, has lost another client. Mouchel, the outsourcing group, said yesterday it had appointed Goldman Sachs as its new broker and financial adviser. Goldman, which had traditionally served only the larger UK corporates, has been moving down the value chain in [...]
Greenhill to lose banker to Experian March 1, 2012 INFORMATION services group Experian has hired top Greenhill banker Brian Cassin as chief financial officer. Cassin, currently co-head of European corporate advisory at Greenhill, will join Experian on 30 April, the firm said yesterday. The loss of Cassin will come as a blow to investment bank Greenhill, which last year saw chief executive Simon Borrows [...]
Cassin moves from adviser to finance head at the data firm March 1, 2012 BRIAN Cassin (pictured inset) is to leave Greenhill after 14 years at the end of April. And though the jump from investment bank to UK-listed data specialist Experian will be a change of pace, it won’t be a total culture shock for the Irish-born banker. Cassin has spent years advising the company, working with predecessor GUS [...]
Barclays Capital wins another client as G4S switches advisers March 1, 2012 BARCLAYS Capital’s investment banking ambitions were given a further boost yesterday after being appointed as joint financial adviser to the FTSE 100 security group G4S. The news comes just hours after the group poached Mark Astaire, the former head of corporate broking at Bank of America Merrill Lynch. Although G4S will not count as a [...]
City recruiter sees UK fees growth slow March 1, 2012 THE CITY jobs market is unlikely to improve this year, according to the chief executive of recruiter Robert Walters, which yesterday posted slowing growth in its UK business. Despite net fee income growing just three per cent in the UK in 2011 compared to 36 per cent the previous year, a strong performance by the [...]
Asian boost helps profits at Jardine Lloyd Thompson March 1, 2012 PROFITS at insurer Jardine Lloyd Thompson (JLT) increased by 13 per cent to £147.6m during 2011, assisted by strong growth from its emerging market units. Overall group revenue was up 10 per cent at £818.8m. Although European retail sales declined, the firm managed to increase revenue from its Asian division by 28 per cent to [...]
Blackstone goes to Bedfordshire for £250m Center Parcs venture March 1, 2012 CENTER Parcs, the private equity-backed holiday village operator, is to open a fifth site in Britain after a £1bn refinancing. The group said construction of the £250m park, in Woburn in Bedfordshire, will create 1,500 jobs and a further 1,200 in construction. Blackstone, which bought Center Parcs in 2006, will put another £100m into the [...]
CLASH OF THE PARTIES (SECOND PART) FOR RUDD March 1, 2012 Roland Rudd is not one for being fazed by party clashes. The formidable spin-meister’s splendid fiftieth birthday party last summer in his country-house near Glastonbury famously clashed with chancellor George Osborne’s fortieth birthday celebrations. One suspects some guests had a difficult choice to make but that didn’t stop around 500 of London’s business community, including [...]
SOUND OF THE CITY: BABBLE BAR OPENS ITS DOORS March 1, 2012 Babble Bar: so good they launched it twice. The Mayfair-established watering hole, sister of the LateNightLondon website, opened the doors to its new City location last Friday – and the celebrations continued last night. The venue was full to capacity with City workers and burlesque dancers wandering cocktail in hand between Babble’s four bars: the [...]
UK factories see rate of growth slow March 1, 2012 MANUFACTURING output and employment increased in February, new data showed yesterday, but the pace of expansion was slower than in January. The sector’s purchasing managers’ index (PMI) from Markit fell from 52 to 51.2 in the month as new orders from the Eurozone fell. Any figure above 50 indicates expansion. Input prices rose at their [...]
