Julius Baer lowers target for rights issue to fund purchase August 20, 2012 SWISS private bank Julius Baer will limit a rights issue to help fund its buy of Bank of America Merrill Lynch’s overseas wealth-management business to SFr500m (£393m) from SFr750m. The bank said in a statement late yesterday that the board had decided to limit the rights issue due to shareholders’ feedback ahead of an extraordinary [...]
Quintain picks new top staff August 20, 2012 Quintain said yesterday it has appointed two new development directors at its two large scale London regeneration projects. The developer has poached Anthony Gill, a former property director at Grosvenor, to lead its 14m square feet Greenwich Peninsula scheme. Ben Giddens has been promoted to development director of the Wembley City project.
Qantas chief exec to forgo bonus August 20, 2012 The head of Australian airline Qantas will forgo his bonus and pay rise for this financial year, as the carrier announced it has forecast a 90 per cent drop in profits for the year ending 30 June. It is understood that chief executive Alan Joyce’s pay will fall to around A$2.5m from A$5m the year [...]
Barratt signs £250m Croydon deal August 20, 2012 Housebuilder Barratt Developments announced yesterday it has exchanged contracts with Greater London Authority for a £250m redevelopment on Cane Hill in Croydon. Proposals for the 83 hectare former hospital site – the size of 100 football pitches – include 650 homes of which 163 will be affordable, as well as 70,000 square feet of office, [...]
Rab Capital’s hedge fund ups value August 20, 2012 Rab Special Situations fund, the hedge fund backed by Rab Capital, yesterday said it will continue to reduce its exposure to unlisted equities. However, it said the “success or failure” of Falkland Oil and Gas, the fund’s biggest position in its portfolio, would continue to determine the success of the fund.
Ferguson feels Fellaini’s force as United lose face August 20, 2012 EVERTON 1 vs MANCHESTER UNITED 0 MANCHESTER United manager Sir Alex Ferguson refused to blame his makeshift defence after Everton began their season in uncharacteristically promising fashion with a vital home victory. A headed goal from the immensely impressive Marouane Fellaini gave David Moyes’s men a well-deserved win on a night where their uninspirational visitors [...]
Strauss vows to remain captain despite England’s dethroning August 20, 2012 CAPTAIN Andrew Strauss insists he is the right man to return England to the top of the Test rankings after their stirring attempt to keep that title out of South African clutches ended in defeat at Lord’s yesterday. A 51-run loss confirmed a 2-0 series reverse, a first at home since 2008, and came despite [...]
Mourinho ‘no’ to Three Lions August 20, 2012 REAL Madrid manager Jose Mourinho has ruled out taking the England job one day, saying the only international team he would coach is his native Portugal. The ex- Chelsea boss flirted with the role in 2007 and has stated his desire to work in England again, but said: “It’s a job that makes people proud, [...]
Rugby chiefs hand video ref greater power August 20, 2012 VIDEO replays are to be used more widely this season in top flight English rugby, with referees able to ask the television match official to look for any fouls he may have missed leading up to a try. The expansion of their responsibility from ruling solely on the grounding of the ball will apply only [...]
Pardew charged with misconduct August 20, 2012 FOOTBALL: Newcastle manager Alan Pardew has been charged with misconduct by the FA after pushing a linesman during his side’s 2-1 win over Tottenham on Saturday. He faces a touchline ban but has until 4pm on Thursday to respond to the charge.
