Hilton site is sold to co-owner April 2, 2012 SHIRAZ BOGHANI, one of the co-founders of Splendid Hotel Group which was dissolved last year, has personally bought the site of the proposed Hilton Southwark hotel, one of the collapsed company’s two large unfinished projects. The Hilton development and the InterContinental London Westminster hotel near Scotland Yard were put up for sale in September after [...]
PROFILE: ROBERT NOEL TAKES THE REINS AT LAND SECURITIES April 2, 2012 Rob Noel yesterday took over the role of group chief executive of Land Securities, the UK’s largest commercial property company, from Francis Salway. Noel, 47, is highly esteemed in the property sector and joined Land Securities as the head of its lucrative London portfolio two years ago from smaller rival Great Portland Estates, where he [...]
NMC picks City for £117m float April 2, 2012 ABU Dhabi’s NMC Health yesterday raised £117m from a float on the London Stock Exchange (LSE), boosting hopes that the European IPO market is on the route to recovery. The Eurozone debt crisis almost killed off the equity markets in the second half of last year and NMC is only the second company to float [...]
Livingstone attacks Boris’s record on knife crime April 2, 2012 KEN Livingstone yesterday pledged to put a police officer in all of London’s 432 state schools as part of a major crackdown on knife crime. On the same day that Boris Johnson launched his policing manifesto, Livingstone accused the Conservative mayor of failing to confront a 16 per cent rise in knife crime in the [...]
ADVISERS April 2, 2012 Deutsche Bank has made a strong start to 2012, acting as a bookrunner on the last three major European IPOs: Dutch cable firm Ziggo, Swiss group DKSH and now NMC Healthcare. The NMC deal was led by Deutsche’s Christopher Laing, a managing director with responsibility for emerging markets in EMEA. Laing joined the firm in [...]
Trinity Mirror awarded chief £1.8m last year April 2, 2012 TRINITY Mirror chief executive Sly Bailey was awarded almost £1.8m worth of cash and shares in 2011 despite leading the newspaper publishing company to a 40 per cent drop in profits last year. Bailey, who has been chief executive since February 2003, took home a base salary of £750,000 in 2011. In the same year [...]
Nursing firm cuts loss after its worst year April 2, 2012 PETER Sullivan, chairman of troubled nursing recruitment agency Healthcare Locums, described last year as the “nadir” in its fortunes despite narrowing its losses. The firm, which came close to collapse last year following the discovery of accounting irregularities, posted a pre-tax loss of £12.9m, down from £63.6m in 2010. Last year the entire board was [...]
INDIAN FILM-MAKER PACKS BAGS FOR AMERICA April 2, 2012 Indian film-maker Eros International has announced its intention to de-list from the London’s Alternative Investment Market and to instead raise $250m in New York. The company said that the decision was prompted by the higher valuations and larger peer group present in the US market, which it said would bring better analyst coverage and investor [...]
European civil servants pin their hopes on spuds April 2, 2012 WITH economic woe continuing to plague the European continent, Brussels’ bureaucrats have come up with a novel way of raising our spirits. Casting the mood for austerity aside, the EU has funded a “scientific study” into the alleged morale boosting effects of that Great British lunchtime snack – the jacket potato. “This research goes some [...]
ONE FOR THE TROPHY CABINET April 2, 2012 Over the past few days, the Aviva Premiership Rugby trophy has been making its way into City offices, where busy executives have tried to see for how long they can raise the silverware. Martin Smith (pictured above) of recruiting group Hydrogen has taken an early lead in the challenge, which will reward the lucky winner [...]
