Figleaves changes hands for £11.5m June 15, 2010 BALDERTON CAPITAL, the private equity firm, has sold online lingerie outfit Figleaves to home shopping group N Brown for £11.5m. The sale of Figleaves, which generated revenues of £23m in the year to June and is on the verge of its first profit, will land a windfall for entrepreneur Daniel Nabarro. Nabarro founded the company [...]
RIM shares soar on talk of iPhone killer to revitalise the Blackberry June 15, 2010 SHARES in Research In Motion soared yesterday after a report suggested the BlackBerry maker was working on a touch-screen smartphone to rival Apple’s iPhone. The Canadian technology firm is said to be trialling a device with a screen that responds to a users’ fingers like an iPhone, but with a slide-out keyboard. RIM is also [...]
DEUTSCHE’S JAIN HEADS FOR THE TOP June 15, 2010 DEUTSCHE Bank said yesterday that Anshu Jain will take on sole responsibility for investment banking, strengthening the 47-year-old’s chances of succeeding chief executive Josef Ackermann. Jain will assume the responsibilities of Michael Cohrs, US national and head of global banking who will retire in September.
The City gets the hiring bug June 15, 2010 JOB VACANCIES in the financial services sector were up three per cent last month, marking the second highest volume of new jobs since September 2008. Figures from Morgan McKinley’s monthly employment monitor show that the number of newly available jobs in the financial services sector rose to 5,733 last month compared to 2009. The recruitment [...]
Chicago Board Options Exchange IPO shines with $339m valuation June 15, 2010 SHARES of CBOE Holdings jumped as much as 16 per cent in their stock market debut yesterday as investors saw bright prospects for the parent of the Chicago Board Options Exchange. The stock opened at $32.80 and rose as high as $33.75 in morning Nasdaq trading. A crowd of 400 to 500 people gathered on [...]
CITY VIEWS: HAVE YOU SEEN SIGNS OF A HIRING BOOM IN THE CITY, AND IF SO ARE WE BACK AT PRE-CRISIS LEVELS YET? June 15, 2010 ALEXANDER LUSTOV | MGAP “I think that the jobs market is exactly the same as it was. Companies seem to still be quite reluctant to hire, the same as last year. I’m not looking for a job though, so I can’t say for sure whether it’s the same everywhere. I work in the legal sector; [...]
BEST OF THE BROKERS June 15, 2010 RIO TINTO Citigroup maintains a “buy” recommendation on Rio Tinto and a price target of £42 but said that its preference among the large diversified miners remains for BHP Billiton and Xstrata. Iron ore remains the most important division for Rio Tinto and Citi expects it to deliver around 58 per cent of the company’s [...]
Bellway looks to stay south June 15, 2010 HOUSE builder Bellway is upbeat despite flat sales caused by the general election and continuing economic uncertainty, it said in an interim statement yesterday. The FTSE 250-listed company said sales rates stalled at around 100 homes a week in the 18 weeks to June, the same rate as this time last year. By focusing on [...]
Crystal Amber slams Camelot June 15, 2010 CRYSTAL AMBER, an investor in retail outfit PayPoint, launched a stinging attack on National Lottery operator Camelot yesterday over its plans to offer more services through its in-shop gambling terminals. Camelot wants to let customers pay utility and council tax bills through its lottery machines, as well as top up mobile phones with swipe cards. [...]
NewRiver posts a profit and promises expansion June 15, 2010 AIM-listed property firm NewRiver posted profits of £2.2m in its first annual results yesterday. The company, which began trading in September 2009, put its early gains down to increased valuations of its properties. It has also raised an additional £10.5m in funds with a view to speeding up growth. David Lockhart, non-executive director of NewRiver, [...]
