Amadeus to raise €1.4bn in flotation April 14, 2010 TRAVEL and tourism technology firm Amadeus aims to raise up to €1.36bn (£1.20bn) when it returns to the Madrid stock exchange later this month in Europe’s largest IPO this year. Amadeus, with €2.46bn of revenues in 2009, was delisted four years ago when BC Partners and Cinven bought their stake from airlines Air France, Lufthansa [...]
Tullett defends Smith’s £4.65m pay deal April 14, 2010 INTER-DEALER broker Tullett Prebon yesterday strongly defended the payment of a £4m bonus to chief executive Terry Smith after a year in which its operating profits fell. Operating profits at Tullett fell from £175.3m to £170.8m but Smith was awarded a total pay package of £4.65m, the same pay as he received the previous year. [...]
Director jailed for bribery April 14, 2010 A FORMER senior executive of a unit of US healthcare group Johnson & Johnson was yesterday jailed for a year after helping to pay more than £4.5m in bribes to Greek doctors for their business. Robert John Dougall – when he was vice president of Leeds-based DePuy and marketing director of DePuy International, both Johnson [...]
Seven suspects appear in court over FSA charges April 14, 2010 SEVEN men charged with running an insider trading ring with information gleaned from the London printers of Swiss bank UBS and broker Cazenove appeared in court yesterday. Mitesh Shah, Neten Shah, Paresh Shah, Bijal Shah, Truptesh Patel, Ali Mustafa and Pardip Saini are alleged to have used confidential information to trade in 12 UK-listed firms [...]
Intel eyes new chips as its results cheer April 14, 2010 INTEL is banking on a surge in revenues as it races to become the leading provider of next generation-chips to power a range of new devices. The US chip maker is keen to move into “adjacent markets” after the success of Apple’s iPad tablet computer. The tech giant missed out on the lucrative contract to [...]
Global iPad delay frustrates users as demand surges April 14, 2010 THE global launch of Apple’s iPad slate computer has been delayed by more than a month, with the firm blaming high demand in the US. The iPad was due to be released in Australia, France, Germany, Italy, Japan, Spain, Switzerland and the UK in late April, but the technology company said yesterday that will now [...]
Sky chief says Ofcom ruling to hurt industry April 14, 2010 SKY chief executive Jeremy Darroch yesterday launched a scathing attack on Ofcom, claiming the watchdog has endangered smaller channels and will hamper creativity. Speaking at the Mip TV conference in Cannes he said Ofcom’s decision to slash the prices Sky can charge for its content will distort the whole pay TV industry and will have [...]
2010 set to see record gold demand April 14, 2010 GOLD is near the final phase of its 10-year bull run, but prices could still climb as high as $1,300 an ounce in 2010 driven by higher investment demand, said Philip Klapwijk, chairman of metals consultancy GFMS. The rise of gold prices is not sustainable because jewellery demand has dropped to less than half of [...]
Jobs boost as City springs back into life April 14, 2010 JOB opportunities in the City’s financial services firms shot up by more than 80 per cent in March compared to the same month last year, according to recruitment experts. The numbers were also up a fifth on February as new life was breathed into the jobs market in the Square Mile. In tandem with the [...]
Vintage year beckons for recruitment market April 14, 2010 WHISPER it quietly or you may be beaten to the chase, but the City is suffering a shortage of candidates for good jobs – a situation not seen since the economic downturn began. Now that those bonuses that have been paid out are safely stashed in the bank, the traditional spring job hunting can begin [...]
