CME to cut its trading costs February 28, 2011 CME GROUP yesterday said it would slash costs for some futures traders, in a bid to attract clients before rival NYSE Euronext unveils a similar move. CME, led by Craig Donohue, said it will offer margin discounts to traders of Treasury securities and Treasury futures under a new clearing membership class, set to begin by [...]
Dinner’s on Heston: Fat Duck chef makes a grand entrance to London February 28, 2011 Dinner by Heston Mandarin Oriental Hyde Park, 66 Knightsbridge, SW1X 7LA Tel: 020 7201 3833 FOOD SERVICE ATMOSPHERE Cost per person without wine: XXX LEARNING that Heston’s new restaurant was to be called Dinner, I grimaced and sneered. How pretentious! Plain old Dinner indeed – this from the man behind snail porridge and yam flakes [...]
Fault Lines at the heart of UK politics February 28, 2011 THERE is a new, fascinating argument in British politics, one which will frame the debate for a long time to come. If Ed Miliband is to be believed, the demand for cheap credit prior to the crash was “because wages weren’t keeping up with the pressures on families: too many were forced to borrow to [...]
What the other papers say this morning February 28, 2011 FINANCIAL TIMES ITALIAN BANKS GO FOR GOLD IN MOVE TO TRANSFORM CORE CAPITAL RATIOS Italian banks think they may have struck gold as they seek to add lustre to balance sheets ahead of the summer stress tests. The lenders, which are shareholders in the central bank, are lobbying for their stakes to be marked to [...]
FOOD & BOOZE NEWS February 28, 2011 FINE WINE AND BURGERS AT HAWKSMOOR Beloved steakhouse Hawksmoor, which recently added a Covent Garden restaurant to its Spitalfields restaurant, will be making top-end wines available by the glass at both restaurants, and teaming them with classic dishes from the Hawksmoor menu in a series of tasting events over the coming months. Think lobster rolls [...]
Ventas in $5.8bn healthcare buy February 28, 2011 Ventas is to buy Nationwide Health Properties (NHP) for $5.8bn in a stock deal that strengthens its position as the biggest US owner of senior housing and assisted living facilities. The US healthcare real estate market is worth more than $700bn.
Qatar PM mulls Glencore stake February 28, 2011 Qatar’s sovereign wealth fund is looking at taking a stake in Glencore during its $60bn (£37.3bn) initial public offering, the Qatari Prime Minister said yesterday. Sheikh Hamad bin Jassim bin Jabr al-Thani said at a conference that he has a meeting planned with Glencore bosses in the next two days.
Blackstone spends?$9bn on malls February 28, 2011 Private equity firm Blackstone has struck a deal to buy nearly 600 US strip malls and other properties from Australia’s Centro Property Group for about $9.4bn (£5.77bn), people with direct knowledge of the transaction said yesterday. Blackstone beat rival bidders that include Morgan Stanley Real Estate, which had teamed up with Starwood Capital Group and [...]
SOTHEBY’S PAINTS A ROSY PICTURE February 28, 2011 Art-lovers and investors flocked to Sotheby’s in the last three months of the year, helping the New York-listed auction house post a 31 per cent rise in net income to $96.2m (£59.1m) on the back of a 46 per cent rise in revenue to $318m. The world’s largest listed auctioneer sold Picasso’s La Lecture (pictured) [...]
We won’t fire Cole over gun incident, says Ancelotti February 28, 2011 CHELSEA MANCHESTER UTD CHELSEA manager Carlo Ancelotti last night defended Ashley Cole, insisting the full-back does not deserve to lose his job, or even his place in the team, for accidentally shooting a work experience student with an air rifle. Ancelotti confirmed Cole would face Manchester United in tonight’s crucial Premier League fixture at Stamford [...]
