Suntory is in talks to snap up Orangina September 10, 2009 JAPANESEbrewer Suntory is in talks to snap up Orangina for at $2.6bn (£1.6bn) as it looks to grow oversees and offset the effects of the rapidly ageing population at home. Privately held Suntory, itself in talks to be sold to bigger rival Kirin, would likely pay more for Orangina than the $2.6bn that Blackstone and [...]
Galliford Try plans 126m rights issue September 10, 2009 CONSTRUCTION group Galliford Try yesterday announced plans for a £125.6m rights issue to raise funds for new developments and take advantage of the property sector upturn. “The rights issue proceeds will allow us to take advantage of the improved land market liquidity we are witnessing and build homes at attractive margins,” said chief executive Greg [...]
PRINCE?BAILED?OUT?BY?WAITROSE September 10, 2009 DUCHY Originals, Prince Charles’s struggling organic food company, has signed a multi-million pound exclusive licensing, manufacture and distribution deal with upmarket chain Waitrose. The deal represents a financial lifeline to the firm, which donates all its profits to charity and has struggled in the recession.
CITY VIEWS: SHOULD THE BBC BE FORCED TO SHARE THE LICENCE FEE? September 10, 2009 GRAHAM NYMAN S&H CONSULTING“The BBC is a great institution and a great brand. That may be because they get funding, but the other companies are all commercial and can find their own funds. Idon’t think we should have to pay for the iPlayer though.” MARK LOVEDAY CAPITAL EPC“I don’t think they should have to share [...]
UBS faces fine over CDO sale September 10, 2009 SWISS bank UBS has been told to set aside $35m (£21.1m) to cover a potential fine in a row over the sale of dubious quality securities, described by the bank’s employees as “crap”. The judge ruled that the bank had a case to answer against hedge fund Pursuit Partners, which claims that UBS sold it [...]
CITY MOVES WHO’S SWITCHING JOBS September 10, 2009 WH IrelandThe stockbroker has appointed Lindsey Hamilton as head of wealth management. Hamilton brings with her a team from her previous employer Allied Irish Bank, where she led the national high net worth independent regulated sales force in the UK. “We have previously set out our intention to grow the private wealth management offering and [...]
Q&A: BUYING September 10, 2009 Camilla DellMANAGING PARTNER AT BLACK BRICK Q. Dear Camilla, I have had my offer accepted on a house, have had everything done but now the seller has decided to pullout with no explanation. Is there anything I can do legally to prevent this? A. One of the fundamental problems of purchasing a property in the [...]
The definitive Madoff book, with panache September 9, 2009 MADOFF: THE MAN WHO STOLE $65MBY ERIN ARVEDLUNDPenguin, £9.99 ERIN ARVEDLUND has written this book with relish – and not a small amount of “I told you so”. This is because, as an investigative reporter for big US financial publications, she blew the whistle on Madoff in 2001, with a big article for Barron’s pointing [...]
The Galvins’ new City restaurant will be the ultimate family affair September 9, 2009 IT’S not about the money,” says Chris Galvin, as he sips a cappuccino outside the site of his new restaurant next to the glass buildings that stand around the revamped Spitalfields market, with the Gherkin poking its head over the buildings in the distance. His brother and his wife nod. It’s an unusual thing to [...]
MBAs give you a flexibility that employers love September 9, 2009 IF there are people who doubt the value of an MBA, the Home Office isn’t one of them. A few years ago it introduced a points-based system for those wishing to immigrate to the UK. The receipt of a Nobel prize, Oscar or an Olympic medal gets you 25 points. If you have an MBA, [...]
