Takeover Panel’s Hingley joins top ranks at Lazard April 15, 2010 VETERAN investment banker Robert Hingley is set to take up a coveted role at Lazard, one of the world’s biggest M&A advisory firms, just a few months after completing his stint at the helm of the Takeover Panel. Hingley, 49, joins Lazard as a managing director in the financial advisory business and will lead the [...]
Hythe fined by FSA for risky sales culture April 15, 2010 THE FINANCIAL Services Authority yesterday slammed stockbroker Hythe Securities with £235,000 worth of fines, as the regulator’s crackdown on illegal practices continues to rage through the City. The lion’s share of the fine – £200,000 – will be paid by the firm itself, whose systems and controls were inadequate to protect customers against poor advice, [...]
Sportingbet to list on the main market April 15, 2010 ONLINE gaming firm Sportingbet yesterday confirmed plans to move its shares from the Alternative Investment Market (AIM) to the main market in London next month. The move represents a milestone for the industry which has been hit by tough regulation in the US. Sportingbet plans to list on the main market on 14 May. Sportingbet, [...]
Lexus sales hit the skids as Toyota calls halt April 15, 2010 TOYOTA has put a global halt to the sale of the 2010 Lexus GX 460 model after a US magazine Consumer Reports yesterday warned potential buyers of a potential safety risk that the vehicle could tip over. While the vehicle is not available for purchase in the UK, the world’s largest car maker by volume [...]
ANALYST VIEWS: IS THIS A POSITIVE MOVE FOR SPORTINGBET ? April 15, 2010 JAMES HOLLINS | DANIEL STEWART “This is a strategically attractive move for Sportingbet as it should bring greater liquidity and a wider potential investment pool to the stock, enhancing its reputation and, ultimately we believe, its stock value. Based on the current market capitalisation of Sportingbet, it would slot into the FTSE 250.” GREG FEEHELY [...]
Experian sees good US sales but UK suffers April 15, 2010 EXPERIAN said it was on track for a “good” full-year profit yesterday after revenues edged higher in the second half, helped by strong sales in Latin America. But shares in the firm fell around four per cent after the results disappointed the market. The credit checking and business information company saw revenues rise three per [...]
Digicel loses case against C&W April 15, 2010 DIGICEL has lost its landmark legal battle against bitter rival Cable & Wireless Communications. A judge ruled that Digicel, headed up by Irish telecoms tycoon Denis O’Brien, was not unlawfully delayed from breaking into the emerging Caribbean telecoms market. The case focused on claims that Cable & Wireless had breached the telecoms statutes in Barbados, [...]
PZ Cussons is on track as it shrugs off the recession April 15, 2010 SOAP and shampoo maker PZ Cussons said yesterday it was on track to achieve its expectations for the full- year despite tough trading conditions in some of its territories and input costs now rising again. The maker of Imperial Leather, Carex soap and Original Source products said its results for the period 27 January to [...]
MONEYSUPERMARKET.COM SEES REVENUES RISE AFTER ADVERTISING CAMPAIGN BOOST April 15, 2010 PRICE comparison website Moneysupermarket.com said trading bounced back after a slow January, putting internet revenue for the first quarter about six per cent ahead and keeping it on track for the year. “Moneysupermarket has had a solid first quarter, returning to revenue growth and we are now beginning to see the impact of the work [...]
BEST OF THE BROKERS April 15, 2010 HOMESERVE Insurance group Homeserve announced this week the acquisition of National Grid Energy Services contract business. Seymour Pierce says this is the long awaited deal that gives Homeserve critical mass in the US domestic repairs insurance market. On the back of this “good news”, it moves from “outperform” to “buy”. DANONE Execution Noble maintians a [...]
