Islamic finance body in bond debut August 26, 2013 A consortium of central banks from Asia, the Middle East and Africa yesterday took its first step towards developing a cross-border market in Islamic financial instruments by issuing a $490m (£314.5m) sukuk. The three-month Islamic bonds, denominated in US dollars, were issued by the Malaysia-based International Islamic Liquidity Management Corp (IILM). This IILM was founded [...]
3D printer firms get broker boost August 26, 2013 US-listed 3D printing firms 3D Systems and Stratasys both received a boost yesterday after a positive note from Citigroup analyst Kenneth Wong. In the note, Wong predicted that the 3D printing market could triple within the next five years. “We also expect to see increased utilisation of existing systems as customers start to extend use [...]
Fake celebrities cause chaos in Thames PR stunt August 26, 2013 A PUBLIC relations stunt on The Thames went awry last week, riverside City spies tell The Capitalist. Sightseeing company City Cruises launched its Thamesjet experience on the river, and to mark the occasion hired a group of celebrity lookalikes, including Daniel Craig, Angelina Jolie, Tom Cruise and Arnold Schwarzenegger to pose on one of its [...]
Back to school blues: Carney’s wife tackles green stationery August 26, 2013 IT appears Bank of England governor’s wife Diana Carney has more in common with Samantha Cameron than marriage to a high-powered leader in Britain, judging by her latest blog. Diana would surely have plenty to chat about with Samantha – former creative director of high end stationer Smythson – after revealing she is obsessed with [...]
Investec boss basks in England Ashes win August 26, 2013 Managing director of Investec bank Bernard Kantor joined in the Ashes celebrations – pictured here with the winning England team at the Oval.
Telefonica nears deal for KPN as sweetens offer August 26, 2013 TELEFONICA has raised its bid for KPN’s German arm by six per cent to €8.55bn (£7.32bn), winning over top KPN investor America Movil and setting the stage for consolidation in Europe’s largest mobile market. The Spanish telecoms group’s original deal to buy KPN’s E-Plus unit was thrown into doubt earlier this month when Mexican billionaire [...]
AstraZeneca shells out $500m for US cancer firm to boost pipeline August 26, 2013 ASTRAZENECA took a further step to bolster its pipeline of new cancer drugs on yesterday by agreeing to acquire privately held US biotech company Amplimmune for up to $500m (£321m). The deal is the second within 24 hours in the cancer drug space, following Amgen much larger acquisition of Onyx Pharmaceuticals for about $10.4bn. Amplimmune [...]
Pritzker buys TMS for $687m August 26, 2013 THE billionaire Pritzker family will buy scrap mill servicing company TMS International for about $687m (£440.5m) in cash, it said yesterday. The offer of $17.50 from the Pritzker Organization represents a premium of about 12 per cent to TMS’s Friday close of $15.57. Including debt, the deal is valued at about $1bn. The Pritzker Organization [...]
Amgen pays $10bn for Onyx August 26, 2013 AMGEN has struck a deal to buy cancer drug maker Onyx Pharmaceuticals for about $10.4bn (£6.4bn), as it moves to restock its product pipeline in response to declining sales of its flagship anaemia drugs. The acquisition – which ends a two-month-long auction of Onyx – represents the fifth-largest biotechnology deal in history. It gives Amgen [...]
City Moves for 27 August 2013 | Who’s switching jobs August 26, 2013 Lloyds Bank The bank’s commercial banking arm has announced the appointment of Jacqueline Keogh as director of global trade. Keogh has over 25 years’ experience in the banking industry. She was most recently at Standard Chartered, where she was managing director, and regional head of banks for Europe in its transaction banking division. B Capital [...]
