Spice telecoms unit snapped up in £33m Gresham-backed management buyout April 26, 2010 Utility support services firm Spice will sell its telecoms business for £32.8m, it said yesterday. Private equity firm Gresham has backed a management buyout to snap up the firm’s Team Telecom Group (TTG) unit. Mike Norfield, chief executive of TTG said: “This is a very exciting time for TTG. We have invested heavily over the [...]
Canaccord ties up £185m acquisition of Genuity April 26, 2010 CANACCORD Financial yesterday completed its $285.9m (£185m) acquisition of Canadian advisory firm Genuity Capital Markets, a move the firm expects will boost its business across Canada, North America and the UK. Canaccord, which operates London-based broking subsidiary Canaccord Adams, has paid 26.5m of its own shares for Genuity, in addition to $30m of cash and [...]
BEST OF THE BROKERS April 26, 2010 SKANSKA Standard & Poor’s Equity Research (S&P) has lowered a recommendation of Skanska to “hold” from “buy” ahead of the construction group’s first quarter results. S&P says their 2010-11 estimates are lower following consensus downgrades, based on a harsh winter. S&P says Skanska provides the best value among its Nordic peers. BBVA Evolution Securities reiterates [...]
Sorrell: Advertising spend has stabilised April 26, 2010 SIR Martin Sorrell, boss of the world’s largest advertising agency WPP, said the worst appears to be behind the industry after revenues “stabilised” in the first quarter of this year. Speaking at the Numis media conference, Sorrell said he was “relieved” that the industry had levelled out after “staring into the abyss” during 2009. He joked [...]
CITY MOVES | WHO’S SWITCHING JOBS April 26, 2010 PricewaterhouseCoopers Bridget Jackson has joined the accountancy firm as director of corporate sustainability, leading the firm’s internal environmental, community and corporate sustainability strategy. Jackson has over twenty years of experience in international business and strategy consulting. She joins from management consulting firm Accenture. She will report directly to managing partner Richard Collier-Keywood. Resolution The investment [...]
Detox at your desk with the season’s hottest cleanses April 26, 2010 THE mercury seems to be rising once and for all as May hoves near, and you don’t want to be caught in short skirts, dresses and camisoles with flabby skin, extra pounds and a clogged-up winter feeling from too many meat stews and bottles of red. But most people are put off a spring detox [...]
Good food under the arches April 26, 2010 Platform 56-58 Tooley Street, SE1 2SZ Tel: 020 7403 6388 platformse1.co.uk FOOD SERVICE ATMOSPHERE Cost per person without wine: £25 RECLAIMING still another part of London Bridge’s arches (in a former strip club) are restaurateur Tony McKinlay and his farmer friend, Barnaby Butterfield, with a “gate to plate” concept venue that’s part bar and part [...]
One drunken night that I’m regretting now April 26, 2010 DEAR VEXED: I was at a conference last week and some of our clients stayed at the hotel. Well, after a bit too much to drink, I ended up in bed with one of them. We both agreed to never mention it again, but a colleague saw me doing the walk of shame. Nobody has [...]
FOOD & BOOZE NEWS April 26, 2010 SUNDAY LUNCH AT BOCCA DI LUPO Forget pub lunch on a Sunday. Head to Soho for Bocca di Lupo’s new “pasta al forno” menu, featuring authentic baked pasta dishes. Think lasagne bolognese, melanzane Parmigiana, pasta con lumache (pasta baked with snails and pecorino), scamorza and pesto lasagne and bavette with spider crab (baked together in [...]
THREE OTHER LONDON BRIDGE RESTAURANTS April 26, 2010 MAGDALENE This smart, popular restaurant is a lesson in gutsy modern European food. Have quince fizz and grilled chestnuts with butter to start with, then fried crispy pig’s head and gribiche, grilled calves’ kidneys, or smoked haddock choucroute: just the type of inventive dishes that have made this bistro one of London’s best. 152 Tooley [...]
