Hawkpoint hires former Lazard banker Kiernan January 19, 2012 CORPORATE finance advisory firm Hawkpoint has hired a prominent former Lazard merger and acquisitions banker, Peter Kiernan, who is known for helping to engineer US food group Kraft’s takeover of Cadbury. Kiernan, who had been head of UK investment banking at Lazard, will become vice chairman at Hawkpoint, the firm said yesterday. The British firm [...]
Polymetal’s gold and silver production rises but broker views dent its shares January 19, 2012 RUSSIAN precious metals miner Polymetal expects 2012 gold output to range from 590,000-640,000 ounces, up from 443,000 ounces last year, as it expands mining operations, it said yesterday. Silver output is expected between 21-23m ounces this year, up from 19.9m ounces in 2011. The company produced 6.4m ounces of silver in the fourth quarter, up [...]
Premier is on course for 50 per cent output boost January 19, 2012 BRITISH oil firm Premier Oil yesterday confirmed it was on track to grow production by around 50 per cent over the course of this year, in line with its previous target, and said it would focus more on existing assets than new acquisitions this year. Premier plans to bring two new projects in the North [...]
London 2012 IMAGE OF THE WEEK January 19, 2012 HOCKEY | RIVERBANK ARENA This week the Olympic organisers announced that the Visa International Invitational Hockey Tournament will take place from 2-6 May at the Olympic Park’s Riverbank Arena. The men’s Australian and German teams, ranked number one and two in the world, will be among the teams competing, along with the men’s and women’s [...]
China premier defends Iran deal January 19, 2012 Chinese premier Wen Jiabao has defended his country’s extensive oil trade with Iran against pressure from the west to impose sanctions over its nuclear energy programme. Wen was speaking at the end of a six-day visit to the Middle East, with tensions running high over possible US sanctions on countries that do energy trade with [...]
Edinburgh votes down Mitie work January 19, 2012 Shares in outsourcing group Mitie slipped 1.3 per cent yesterday after Edinburgh Council voted against its £170m facilities management deal. Mitie was named as preferred bidder last week for the seven-year contract to run school meals and maintenance work, but has been knocked back by the council after it voted to carry out the services [...]
Knight Capital’s earnings soar January 19, 2012 Knight Capital’s quarterly profit rose four-fold, it said yesterday, as the electronic trader earned more revenue from its market-making activities despite challenging market conditions. The firm’s shares jumped 10 per cent on the news that its fourth quarter earnings had soared to $40.2m, from $9.2m a year ago. Knight Capital, which is based in the [...]
Anglo American partner hits out January 19, 2012 Anglo American’s Chilean partner Codelco has hit out again at Anglo’s deal to sell part of its stake in a shared project, claiming the firm intentionally undermined Codelco’s right to take a bigger part of the Anglo American Sur mine. Codelco claims that Anglo and buyer Mitsubishi had even made provision for Anglo to pay [...]
CITY MOVES | WHO’S SWITCHING JOBS January 19, 2012 Signia Wealth Chris Godding has been appointed as co-chief investment officer and managing director, focusing on institutional and charity clients. Godding moves to Signia Wealth after nine years at Morgan Stanley private wealth management international, where he was chief investment officer and a member of the Smith Barney investment committee. Prior to this, he managed [...]
BEST OF THE BROKERS January 19, 2012 APR ENERGY Goldman Sachs initiates coverage of the temporary power group with a “buy” rating and a target price of 1,320p, implying a 24 per cent upside. Ahead of full-year results on 22 March, the broker forecasts revenue of $208m (£134m) and earnings before interest, tax, deductions and amortisation of $107m. It also says that [...]
