Jefferies sets up event-driven trading desk February 16, 2010 JEFFERIES, the investment banking firm, has appointed Chris Blackburn as head of its new European event driven trading desk. The five-man London team, will work in tandem with a six-strong New York desk, offering sales, trading and analysis of European stocks involved in M&A, financial distress and other so-called “special situations”. The desk has been [...]
Wenger cool on Champs League play-off plans February 16, 2010 ARSENE Wenger has voiced his opposition to Premier League proposals to introduce a play-off for the fourth Champions League spot. League chiefs are considering an overhaul of the current system that would see teams from fourth to seventh battle it out for the lucrative place. But Arsenal manager Wenger, whose team have qualified for the [...]
FSA hands out record fine to oil firm chief February 16, 2010 THREE Turkish oil executives have been slapped with a £1.16m fine by the FSA for insider trading in the shares of FTSE 250-listed Heritage Oil. The chief executive, chief commercial officer and exploration manager of Genel Enerji bought Heritage shares after receiving confidential information relating to their joint venture for the exploration of the Miran [...]
Injury ends medal hopes for Gillings February 16, 2010 BRITAIN’S Zoe Gillings saw her hopes of a medal disappear in the women’s snowboard cross last night after crashing out at the semi-final stage with a foot injury. Gillings, one of Britain’s biggest claims for a medal in Vancouver, qualified easily in eighth place for the last 16, despite a second round fall. But amid [...]
CITY VIEWS: IS THE FSA WINNING THE WAR ON INSIDER TRADING IN THE CITY? February 16, 2010 KIM WILLIAMS | AFFILIATE WINDOW “I don’t think enough is being done about insider trading. You can see from the big cases recently that it is going on all the time. There seems to be a lack of political will as it’s not a crime that the average person on the street sees every day.” [...]
Sports minister joins debate over football club debt levels February 16, 2010 THE government is to press ahead with calls for tougher financial controls for football clubs, despite widespread criticism from within the industry. Sports minister Gerry Sutcliffe yesterday weighed into the debate, calling for an overhaul of the way teams’ finances are regulated. The move follows increasing concern about the long-term viability of debt-laden clubs in [...]
Finding that match-winner is England’s aim in Dubai February 16, 2010 CAPTAIN Paul Collingwood talked about this being a big week for England’s Twenty20 side, but I feel this tour of the middle east is being seen more of a fact-finding mission than the start of a serious assault on the short form of the game. England are still an emerging side in Twenty20 cricket and [...]
Holidaybreak sees sales slump February 16, 2010 Holidaybreak said yesterday that sales fell after bookings were delayed and capacity reduced in its camping business. The group, which sells Eurocamp and Keycamp holidays, said sales for the year to date are down two per cent from the same time last year. Holidaybreak said it is on track to perform in line with expectations [...]
Costain wins £115m contract February 16, 2010 Costain has won a £115m civil engineering job to maintain motorways and main roads in the north-east of England. The Highways Agency has awarded the contract to carry out improvement works in the area covering Tyne and Wear, Durham, Northumberland and North Yorkshire. Earlier this year, EnterpriseMouchel won a £149m civil engineering job to maintain [...]
Daniel Stewart places shares February 16, 2010 Daniel Stewart yesterday announced it has placed new ordinary shares, raising £500,000 for the company. The proceeds of the placing will be used by the stockbroker and corporate finance adviser for general working capital. An application has been made for the new shares to be admitted to trading on AIM and dealings are expected to [...]
