Borthwick revels in Sarries success May 26, 2011 FORMER England captan Steve Borthwick claims his success with Saracens this season has helped ease the pain of his international exile. The 31-year-old is no longer part of Martin Johnson’s England set-up but has played a key role in hauling the London club into tomorrow’s Premiership final. He said: “Every player wants international recognition but I [...]
Minerva gets £194m cash takeover bid May 26, 2011 TROUBLED property developer Minerva yesterday confirmed it has received a preliminary cash offer valuing it at £194m. The bid for the Walbrook developer is from a consortium of firms led by Jamie Ritblat’s Delancey Real Estate Asset Management. One Minerva investor told City A.M. the bid is “an interesting offer”, saying: “Something has to happen [...]
The property dynasty May 26, 2011 JAMIE Ritblat has long emerged from the strong shadow of his property tycoon father John. He became a well-known name in the City in his own right after his successful management buyout of the publicly owned Delancey Real Estate Asset Management firm in 2001. He has since been behind a string of high profile property [...]
Promotions up a third at UK law firms May 26, 2011 PARTNER promotions at the UK’s top 50 law firms have risen by almost a third compared to last year, according to research by Legal Week magazine. The figures show an upturn in confidence throughout the Magic Circle firms and beyond, with recent financial results supporting the return to form. Across the top 10 UK firms [...]
Mixed fortunes for Brit stars May 26, 2011 BRITISH No1 Andy Murray overcame gusty conditions to book his place in the third round of the French Open, but compatriots Heather Watson and Elena Baltacha were blown away at Roland Garros. Murray laboured at times in a 7-6 (7-3), 6-4, 7-5 victory over Simone Bolelli, and while the Italian created no shortage of hazards, [...]
Clegg in U-turn on NHS reform plans May 26, 2011 Deputy Prime Minister Nick Clegg yesterday chose the NHS as a coalition battleground as he insisted that the service would not “change for change’s sake”. In his first major speech on the health service since first signalling his concerns over the NHS reforms, Clegg stressed that there were no arbitrary deadlines for reform. And in [...]
Hammam implicates rival Blatter May 26, 2011 FIFA presidential candidate Mohamed Bin Hammam has demanded that current chief Sepp Blatter be included in the investigation by the world governing body’s ethics committee. Bin Hammam, who along with Fifa vice-president Jack Warner has been charged with bribery, claims Blatter has also been named in evidence submitted to the ethics committee ahead of a [...]
Japan fund is boost to Man as assets soar May 26, 2011 MAN Group reported a jump in assets and better-than-expected profits yesterday, as a big fundraising in Japan helped the world’s largest listed hedge fund firm accelerate its belated recovery from the credit crisis. The firm – which now runs $71bn (£43.3bn) in client assets, up three per cent since March – attracted $2bn alone for [...]
Carnwath gives up senior role after decade May 26, 2011 ALISON Carnwath yesterday announced she was standing down as Man Group’s senior independent director after 10 years in the role. She will be replaced by Patrick O’Sullivan. Carnwath, who is also a director of Barclays and chairman of Land Securities, is staying on the board at Man. Under best practice in corporate governance, directors that [...]
Change in fortunes looks here to stay May 26, 2011 THINGS finally seem to be looking up for Man Group. After recovering from being hit by big outflows throughout 2009 and 2010, it has now also managed to sidestep the spectre of the Japanese earthquake, with the launch of a Japan version of its AHL fund attracting $2bn of investment. The Nomura Global Trend is [...]
