Flatley dances his way to Irish business success October 31, 2013 THE BEST of London’s Irish business community gathered at the Dorchester last night for the Irish Post’s inaugural Business Gala Dinner & Awards – honouring four very special businessmen and women, and celebrating the vibrancy and success of Irish people in business all across Britain. Taking home an award for his outstanding contribution to business in Britain [...]
It’s that time of year again – send us your Movember efforts and win October 31, 2013 AFTER the success of last year’s inaugural City Mo Bro competition, The Capitalist is once again calling on all hirsute Londoners to show us their best ‘taches for Movember – with the finest fuzzy upper lips in with a chance of winning a grooming treat for their trouble. Movember, the month in which men around the [...]
Law firms’ merger goes live as SJ Berwin completes its tie-up October 31, 2013 SJ BERWIN will this morning officially combine with King & Wood Mallesons to create a law firm with turnover of $1bn and more than 2,700 staff worldwide. The combined firm will be headquartered in Asia, and is to be known as King & Wood Mallesons everywhere except in Europe, where it will keep the name [...]
Otkritie is now Russia’s largest private bank October 31, 2013 OTKRITIE Capital yesterday began its purchase of Petrocommerce Bank, an acquisition that will make it Russia’s largest private bank and fourth biggest lender overall. The bank – which has a London-based unit, Otkritie Securities – is a major lender in the oil industry, with Rosneft as a principal client. The takeover of Petrocommerce Bank brings [...]
US private equity firm splashes out £260m on Alexander Mann October 31, 2013 A RECRUITMENT company founded less than two decades ago by Irish entrepreneur Rosaleen Blair has been sold to US private equity firm New Mountain for £260m. New Mountain has bought Alexander Mann Solutions from Graphite Capital, a UK private equity firm which backed a £100m management buyout in 2007. Based in London, Alexander Mann is [...]
Puma spotted on the South Bank October 31, 2013 GERMAN sportswear maker Puma has signed a 10-year pre-let deal to move its UK offices from Surrey into Sea Containers House on the South Bank next year. The building, built in the 1970s, is being rejuvenated by owner Deerbrook.
Retail investors help assets rise at Henderson October 31, 2013 ANGLO-AUSTRALIAN fund manager Henderson Group attracted £1.2bn of net new money in the three months to the end of September, helped by improving investor confidence. In a trading statement yesterday, Henderson said the inflows, as well as positive investment performance, helped lift assets under management by 4.3 per cent to £70.8bn. The net inflows were [...]
Air France-KLM has written off its stake in struggling Alitalia October 31, 2013 FOG CLOUDING the future of Alitalia deepened yesterday when Air France-KLM wrote off the value of its stake and told Italy it would ignore an emergency cash call for the battered airline unless “very strict conditions” were met. Alexandre de Juniac, chief executive of the Franco-Dutch group, said he had been “offended and discouraged” by [...]
Asian money movements hit Lufthansa profit October 31, 2013 GERMAN airline Lufthansa yesterday warned that weakness in Asian currencies would weigh on revenue growth at its passenger airline business this year and that a grindingly slow market recovery was set to dent profit at its cargo unit. Germany’s flag carrier said the weak Japanese yen and Indian rupee in particular weighed on third-quarter revenues [...]
Network Rail to trim spending by a fifth October 31, 2013 NETWORK Rail has been told to cut 20 per cent from its day-to-day spending over the next five years while working to cut delays on Britain’s railways. The Office of Rail Regulation yesterday signed off NR’s budget for the next five years, which totals almost £38bn. As part of this the ORR has approved £12bn [...]
