‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
JAL files for bankruptcy and begins to restructure January 18, 2010 ASIA’S largest airline by revenues, Japan Airlines, is expected to file for bankruptcy this week as part of a restructuring crafted by a state-backed turnaround fund. Some analysts think a bankruptcy filing would make it easy for Japan Airlines to abandon its deal with AMR, the holding company for American Airlines, in favour of membership [...]
Italian directories publisher Seat joins the long list of corporate bond issuers January 18, 2010 ITALIAN yellow-pages publisher Seat Pagine Gialle yesterday revealed that it will be issuing a €650m (£573m) bond to help it refinance its debts. The group, which publishes ThomsonLocal in the UK, issued a prospectus following a refinancing deal reached last week with its senior creditor banks in an agreement managed by the Royal Bank Of [...]
Swiss Re deal with Buffett lands $1.3bn January 18, 2010 Swiss Re yesterday said it had agreed to transfer a US life reinsurance contract to Warren Buffett for 1.3bn Swiss francs ($1.27bn, £778m), allowing it to reinvest capital more profitably elsewhere. Under the deal, the US investor’s Berkshire Hathaway group will pocket premiums payable under the contract, while taking responsibility for paying up to $1.5bn [...]
Entrepreneur gathering gives views on 2010 January 18, 2010 LAST Thursday, 260 delegates braved the cold to come and hear leading entrepreneurs, politicians and think-tank leaders share their views at the 6th Entrepreneur Country Forum, which had the theme “Politics Not as Usual”. Stephan Shakespeare, co-founder of YouGov, was candid when he said that tough times were the making of his firm – “when [...]
BEST OF THE BROKERS January 18, 2010 QINETIQ Evolution Securities says Qinetiq is the victim of a “vicious squeeze” as robot and armour sales have yet to rise despite other equipment manufactures reaping the benefits of the recent surge in Afghanistan. It predicts restructuring costs under new chief executive Leo Quinn and adopts a “sell” position with a target price of 125p [...]
CITY MOVES | WHO’S SWITCHING JOBS January 18, 2010 Piper Jaffray The mid-market investment bank has poached Ian Wainwright from Canaccord Adams to join its corporate broking team as a principal. Wainwright has been a managing director at Canaccord since 2007, and was instrumental in building the firm’s life sciences franchise. Prior to that, he was in specialist biotech, medtech and pharma sales at [...]
London’s hippest new pizza joint January 18, 2010 Pizza East 56 Shoreditch High Street, E1 6JJ Tel: 020 7729 1888 FOOD SERVICE ATMOSPHERE Cost per person without wine: £30 AFTER visits last week to both Pizza East in Shoreditch and the Soho House Group’s other recent venture, Dean Street Townhouse in Soho, it is impossible to question the money-spinning expertise of this group. [...]
FOOD & BOOZE NEWS January 18, 2010 LOW-CAL MENU FOR FASHION WEEK The Buddha Bar, home of London’s most overtly glamorous sushi, is reprising its Fashion Week menu with a selection of dishes that are perfect for calorie conscious fashionistas who need energy too (hello, catwalk models). Its new chef, South African-born Clifton Muil, has created a “fashion fuel” menu that includes [...]
THREE OTHER TOP PIZZERIAS January 18, 2010 PORTOBELLO RISTORANTE PIZZERIA Much-loved local pizzeria that specialises in something called “pizzametro”, which means ‘pizza metre’ – an idea born in a small town in Sorrento as a way for the whole family to share a pizza. Served on a wooden chopping board, the pizza here is generously topped with good ingredients, and baked in [...]
Get fit as you feel the back-to-basics burn January 18, 2010 IT’S Monday 7am on a cold winter’s morning in a cavernous railway arch near Tate Modern. “Say hello to Angie,” says my fitness instructor, Brian. Angie looks fierce. I don’t like the look of Angie at all. And 10 minutes later Angie is beating me up. Thankfully, Angie is not some south London bruiser, but [...]
