NRG asks Exelon to try again July 8, 2009 US power firm NRG Energy saw share values rise by nearly five per cent yesterday, after rejecting a buyout offer from rival electricity supplier Exelon, understood to exceed $7bn (£4.4bn), before inviting Exelon to return with a higher offer.
YRC goes to Rothschild July 8, 2009 YRC Worldwide, the ailing US trucking company, has asked investment bank Rothschild to evaluate potential bond exchanges as part of its restructuring plans, it emerged yesterday. Rothschild was retained early this year by YRC, but has only recently been asked to take a more active role. Rothschild, which specialises in mergers and acquisitions and restructuring, [...]
SLICE OF OLD-BOY STYLE HITS CITY FINE WINING AND DINING CIRCUIT July 8, 2009 NOT so long ago, City types were busy bemoaning the lack of decent restaurants on their patch. But now, just weeks after the Galvin brothers announced they were opening a new pad near Spitalfields market, I hear there’s a new eatery coming to town, courtesy of Simon Parker Bowles, former brother-in-law to Camilla, Duchess of [...]
Women team up to beat the recession July 8, 2009 MORE women work in the City than they used to, but it’s still hard to get on. Only 13 women hold executive directorships on the board of FTSE 100 companies (that’s 3.6 per cent) and there are just 110 woman non-executive directors, 14.5 per cent of the total. During the recession, the situation for women has [...]
CAREERS CLINIC July 8, 2009 ANDREW EVANSMANAGING DIRECTOR OF MORGAN MCKINLEY, UK “I was made redundant from my risk management post at a bank in January. Having struggled to find a job, I finally decided to go travelling for a year and was due to leave at the start of August. I’ve just been offered a job after all, but [...]
Glaxo tops the table as the market hopes to feel better July 8, 2009 THE FTSE 100 ended down by 1.1 per cent yesterday, hitting its lowest closing level in more than two months, as weakness in banks, oil producers and miners offset minor resistance in some defensives. The index closed down 46.77 points at 4140.23, its third day of losses. Banks were under pressure on the economic outlook [...]
All eyes on Alcoa as reporting starts July 8, 2009 US STOCKS rebounded in late trading yesterday after a day of wild price swings, with the Dow and Nasdaq eking out gains as investors hoped that corporate results would top estimates as the quarterly earnings season prepared to kick off. Stocks were sharply lower for most of the day as investors worried that an economic [...]
England make solid start in quest to win back Ashes July 8, 2009 ENGLAND will resume their attempt to regain the Ashes this morning with the first Test delicately poised after an encouraging first day in Cardiff. Andrew Strauss’s men recovered from the loss of three wickets before lunch to finish on 336-7, thanks largely to a 138-run stand between Kevin Pietersen and Paul Collingwood. Matt Prior and [...]
KP blames dismissal on his helmet July 8, 2009 ENGLAND batsman Kevin Pietersen declared himself satisfied after the home side ended day one of the first Ashes Test 336-7. Pietersen top scored with 69 as England recovered from slumping to 90-3 before lunch. It might have been even better, had Matt Prior and Andrew Flintoff avoided falling just before the close, but Pietersen refused [...]
It’s honours even but England have very little to fear July 8, 2009 WHILE the losses of Matt Prior and Andrew Flintoff late last night were a blow, it should not detract from what was an encouraging day’s cricket for England. Yes, the untimely wickets may have proved the difference between England’s opening day and honours even, but captain Andrew Strauss and his top order will be spurred [...]
