Goals in 11m fundraising June 4, 2009 Goals Soccer Centres, which runs five-a-side football pitches across Britain, said yesterday it planned to raise £11m from a placement of around 6.7m shares to accelerate the rate of openings of new soccer centres. The price of £165p a share represents a seven per cent discount to Goal Soccer’s closing price of 177.5p yesterday.
Mayfair group opens infra fund June 4, 2009 Gravis Capital Partners, the recently-founded Mayfair boutique fund manager, has launched the first debt-based infrastructure fund available to high-net worth investors. The group said the fund will aim for an eight per cent annual return via debt investment in public sector-backed investments, in the form of debt, in construction areas like schools.
Detail on LSE chief’s pay plan June 4, 2009 City A.M. yesterday reported that the London Stock Exchange’s (LSE) new chief executive Xavier Rolet could earn £5.2m in his first year in the role. The LSE has subsequently pointed out that Rolet could earn up to £2.3m this year through his base salary, benefits and bonus, if targets are exceeded. Should he choose to [...]
FSA EXTENDS SAVER PROTECTION June 4, 2009 THE FSA, led by Lord Turner, is extending seperate deposit protection for savers whose building societies are bailed out by another one until the end of 2010. The FSA is trying to reassure people whose combined savings in a merged society exceed the current £50,000 limit.
Car sale falls hurt Matthey June 4, 2009 JOHNSON MATTHEY beat expectations with a one per cent rise in full-year pre-tax profit yesterday, but warned sales will fall in the coming months as the global car industry continues to struggle. The world’s biggest distributor of platinum, which is used to make jewellery, car catalysts and as an ingredient for drugs posted an adjusted [...]
Acer’s deal with Google is bad news for Microsoft June 4, 2009 ACER’S announcement that it will start selling a laptop pre-loaded with Google’s Android operating system will come as a blow to Microsoft. For the last quarter of a century, the firm founded by Bill Gates has dominated the operating software space with a monopoly that has earned awe and anger in equal measure. But Google’s [...]
CITY VIEWS: DO YOU THINK THE RECESSION IS BEGINNING TO EASE? June 4, 2009 PAUL MCNALLY BRIT INSURANCE“I haven’t really noticed the recession, full stop. The pubs are full, the restaurants are busy. People say the housing and stock markets are down but that isn’t relevant unless you’re buying or selling, so elements of the crisis have been overblown.” ANNA KINGSMILL-VELLACOTT AKV“My gut feeling is that confidence is beginning [...]
The robots are back, and this time they’re noisy June 4, 2009 TERMINATOR SALVATIONCert: 12ADESPITE the hi-tech sci-fi and bone-crunching, metal limb-crushing action sequences, the excitement of the first two Terminator movies came from the simple thrill of the chase. The execrable T3 pretty much did for that element, and it’s hardly been revived for the fourth instalment (though a chase sequence does account for the film’s [...]
OUT THIS WEEKEND PREVIEWS June 4, 2009 FILMANYTHING FOR HER Highly-praised French thriller starring Diane Kruger. SUGAR Superior baseball movie from the makers of 2007 indie hit Half Nelson. THE HIDE Intriguing, two-handed mini-drama, starring In The Loop’s Alex MacQueen. DVDVALKYRIE Tom Cruise and a host of British thesps fail as military plotters against Hitler. THE CURIOUS CASE OF BENJAMIN BUTTON Brad [...]
Large cap index flat as lack of direction stalls progress June 4, 2009 Gains in energy stocks, pharmaceuticals and banks outweighed losses in miners yesterday, leaving the FTSE 100 0.1 per cent, or 3.52 points, higher at 4,386.94. “The market’s evenly balanced. It’s discounting good news so although it may go higher over the next few weeks, it is slightly overvalued,” said Graham Secker, equity strategist at Morgan [...]
