SKANSKA TO BUILD £140M MOORGATE OFFICES May 30, 2012 NORDIC building firm Skanska has won a £57m contract to start building a 225,000 square feet office scheme (plans pictured) near Moorgate for completion in 2014. The £140m redevelopment of the former Telephone Exchange on Fore Street is being undertaken by private equity fund manager MGPA, US-based CarVal Investors and property firm Quadrant.
City bankers in move to Dean St May 30, 2012 WE’VE had the move from the City to Canary Wharf and then to Mayfair, where many stockbroking companies and hedgies have located themselves. But from 1 June, two former Merrill Lynch corporate financiers, now housed at the boutique Global Leisure Partners, will be plying their trade from Dean Street, Soho, an altogether more bohemian place [...]
Rothschild gets new mandate May 30, 2012 THERE were some weary sighs yesterday amongst the bankers working on the possible IPO of the German chemicals group Evonik after the selling shareholders appointed Rothschild to advise them on the deal. “That’s all we need,” said one of the syndicate working on trying to sell Evonik shares to the public, if the £5bn share [...]
Commerzbank bonus breach appeal refused May 30, 2012 GERMAN lender Commerzbank came under fresh attack from a High Court judge yesterday as it failed to win the right to appeal against an order to pay out €52m (£41.6m) in bonuses to its former City staff. Mr Justice Owen slapped an interest charge on the unpaid bonuses for 2008 – cut during the financial crisis [...]
Hollande set to slash pay of bosses at state-owned firms May 30, 2012 THE PAY packets of France’s top bosses are set to shrink after president François Hollande yesterday unveiled drastic salary-cutting measures. Top executives of companies which are majority owned by the state will have their salaries capped to twenty times that of the firm’s lowliest worker in a law set to be approved as soon as next month. The [...]
Investor BP Marsh sees asset value jump May 30, 2012 SPECIALIST venture capital fund BP Marsh yesterday announced the value of its net assets has edged over £50m, alongside a 40 per cent rise in year-end post-tax profits to £3.6m. Highlights include selling part of its stake in insurer Hyperion for £4.5m. But analysts point out that the firm, which invests in financial services, has seen [...]
JP Morgan US trust issues 1.2m shares May 30, 2012 JP MORGAN American Investment Trust plans to test the appetite of the market by issuing nearly 1.2m new shares. The trust, run by Garrett Fish, will issue up to 1.19m new ordinary shares to professional investors at a price to be announced today and at a premium of at least 1.5 per cent to net asset value. [...]
Amec buys Unidel to up Aussie footprint May 30, 2012 UK-BASED engineering company Amec has bought Brisbane-based consulting and engineering group Unidel for A$27m (£16.9m). A further A$14m may be paid over three years if Unidel achieves its profit targets. Unidel is a 260-person company with experience in gas field exploration, development, production, transmission, water pipelines and coal bed methane infrastructure services similar to those [...]
Diablo 3 is fiendishly addictive May 30, 2012 GAMES DIABLO 3 Cert: 15 | By Steve Dinneen **** Ten years is a long time for a computer game. They age in dog years, which makes the Diablo franchise 112 years old. And it has been a particularly long wait for Diablo 3 – the most hotly-anticipated PC game of the year. The franchise [...]
Reasons you should never feed the trolls May 30, 2012 Trolls are a tricky thing to deal with. Not the things that hide under bridges – a can of pepper spray and a flaming pitchfork tends to work for them. I’m talking about internet trolls: people who post inflammatory messages online with the intent of getting a rise out of you. And there are millions [...]
