CITY MOVES | WHO’S SWITCHING JOBS November 7, 2010 Ruffer The investment management house has appointed Sir David Clementi, pictured, and Robin Hindle Fisher as non-executive directors. Clementi, a former Bank of England deputy governor and chairman of Prudential, will be Ruffer’s new deputy chairman. He is also currently chairman of King’s Cross Central. Fisher has spent over 25 years in institutional fund management [...]
Amazon buying into nappy business November 7, 2010 AMAZON.COM is expected to buy the parent company of Diapers.com for $540m (£333.5m) to $545m, according to media reports. The deal is set to be announced today, according to a report on Fortune magazine’s website over the weekend. The acquisition comes as Amazon has stepped up its efforts to boost its babycare products business. In [...]
Going the Extra mile in Aspen/Snowmass November 7, 2010 Going the extra mile is what Aspen/Snowmass is all about – both on and off the slopes. With four distinctly different mountains, over 5300 acres of terrain, and a town which has everything on offer from art galleries to international festivals and accommodation to fit every budget, Aspen/Snowmass is sure to be the perfect winter [...]
BEST OF THE BROKERS November 7, 2010 ROYAL BANK OF SCOTLAND Standard & Poor’s has upgraded the State-backed bank to “buy” from “hold”, but has trimmed its 12 month target price by 1p to 57p. The broker notes that RBS’s results last week confirmed the bank is on track to deliver profit next year, and expects a significant uplift in profitability over [...]
Vue on verge of tying up a £450m sale November 7, 2010 CINEMA chain Vue Entertainment was last night on the brink of being sold to private equity firm Doughty Hanson for around £450m. Although a finalised deal has yet to be signed off by both parties, it is understood that Doughty Hanson is now the only bidder left in the race, after Vue’s management team stopped [...]
Hurlingham plans to raise £8m in AIM listing of gun maker Manroy November 7, 2010 A STOCK-MARKET listed group is buying the UK’s last remaining independent machine gun maker and raising up to £8m on London’s junior stock market to expand the business. Hurlingham is buying Manroy, an East Sussex-based manufacturer of machine guns, gun mounts and other related products that has supplied Britain’s Ministry of Defence (MoD) for the [...]
China offers to give help to Portugal November 7, 2010 PRESIDENT Hu Jintao said yesterday China will back Portugal’s efforts to deal with fallout from the world financial crisis, but stopped short of promising to buy Portuguese bonds as the debt-ridden country had hoped. “We are willing to take concrete measures to help Portugal cope with the global financial crisis,” he said after meeting Prime [...]
Megamind boosts US cinema November 7, 2010 “Megamind” led the US box office to its best weekend in more than three months yesterday. Observers had predicted the 3D cartoon about a hapless supervillain would earn more than $50m during its first three days of release across the US and Canada. But the studio’s March release “How to Train a Dragon” also underperformed [...]
Saudi Airlines buys Boeings November 7, 2010 Saudi Arabian Airlines ordered 12 Boeing 777-300 “Extended Range” (ER) planes for $3.3bn (£2.04bn), with an option for 10 more 777s, the US firm Boeing (BA.N) said yesterday. The national carrier, which is in the process of being privatised, also ordered eight Boeing 787 dreamliners for its long- haul fleet but did not give a [...]
Guardian set to shrink November 7, 2010 The Guardian Media Group (GMG) is set to get smaller, according to new plans drawn up by its new chief executive Andrew Miller. The group, which owns The Guardian and The Observer, plans to focus on its newspaper arm, hiving off all its other assets into an investment portfolio, from where they could be sold [...]
