Big spenders Bath can pip Tigers and Sarries September 2, 2010 SPORT TRADER CITY AM’S RUGBY EXPERT DAVID WILD TAKES A LOOK AT EACH TEAM’S CHANCES AS THE DOMESTIC RUGBY UNION SEASON GETS UNDERWAY STARTS TODAY – 7.45PM Since Geordan Murphy lifted the trophy and Leicester Tigers were crowned Premiership Champions for the second successive time back in May, it’s been all change in club rugby. [...]
FUND MANAGER OF THE YEAR | September 2, 2010 RECESSIONS are when reputations are made, they say, and that has been true in the world of fund managers. While some have battened down the hatches, the ones on our list have seen opportunity in crisis, and pushed ahead with flotations and expansions, or have just taken the chance to expand. All are stars in [...]
ANALYST OF THE YEAR | The Shortlist day 4 September 2, 2010 ANALYSTS are the heart and soul of the City, and the five on our list are legends in their own sectors. Whether it is looking at the future of the energy industry, pontificating on the biggest M&As, or just looking at the movements of the markets in general, when the members of our shortlist talk, [...]
Canada fund approached on Potash bid September 2, 2010 POTASHCORP’S best hope of escaping BHP Billiton’s $39bn (£25bn) hostile takeover bid has received a blow from a local government minister. Leo de Bever, chief executive of Alberta Investment Management (AIMCo) said yesterday that a variety of parties have approached the fund manager about entering into a rival takeover bid for PotashCorp, but that participating [...]
Samsung joins the queue of iPad killers September 2, 2010 Samsung’s first tablet computer will go on sale in two weeks, it said yesterday, joining the hunt to challenge Apple’s iPad. Global handset vendors and PC makers including Nokia, LG and Hewlett-Packard are moving into the new category of devices, between traditional PCs and smartphones, taking a cue from Apple. Dell said last month it [...]
Clayton Dubilier snaps up stake in Univar from CVC September 2, 2010 PRIVATE equity firm Clayton, Dubilier & Rice said yesterday it had acquired a large minority interest in Univar, a large chemical distribution business, from the buyout firm CVC Capital Partners. Clayton Dubilier and CVC each now own 42.5 per cent of Univar, which is valued at about $4.2bn (£2.7bn) including debt. Clayton Dubilier paid $760m [...]
Hays benefits after a rise in Asian sector September 2, 2010 Recruiter Hays has seen a spike in UK finance workers emigrating to top jobs in Japan, City A.M. has learned. The trend is part of a larger boom in its Asian markets, which helped offset declining revenues in its UK operations. The region, which now represents 65 per cent of group operating profit, reported a [...]
Pension liabilities rise to more than £1.2 trillion, says Aon September 2, 2010 Pension liabilities for UK private sector final salary schemes have hit a staggering £1.2 trillion, as market conditions continue to deteriorate. This represents a 20 per cent increase since the landmark £1 trillion figure was hit in August 2009. According to Aon, which tracks roughly half of the UK’s private sector pension scheme liabilities, market [...]
Make Hays while the sun shines in Asia September 2, 2010 FEW industries fare worse in a recession than recruitment so Hays was always going to have a tough time, so it is not surprising that a drop in profits of 53 per cent comes in well ahead of most gloomy predictions. Positive notes include a pick-up in job churn, allowing the firm to generate fees [...]
Lehman bank units set for sale or closure September 2, 2010 LEHMAN Brothers Holdings, the bankrupt US investment bank, needs at least $550m (£357.4m) to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show. Lehman asked a Federal bankruptcy court judge in Manhattan yesterday to approve the capital commitments and sale plans, which [...]
