Blue Oar, now Astaire, fined 225,000 by LSE for breaching Aim regulations June 22, 2009 STOCKBROKER Blue Oar Securities, which recently changed its name to Astaire, was yesterday hit with a £225,000 fine from the London Stock Exchange (LSE) and publicly censured for breaching the Aim market rules. The LSE said Blue Oar failed in its duty as a nominated adviser (Nomad) to Worthington Nicholls, now called Managed Support Services, [...]
INDEPENDENT CONSIDERS CASH CALL June 22, 2009 INDEPENDENT News and Media (INM), publisher of The Independent newspaper, is mulling a deeply-discounted rights issue as part of the refinancing of its €200m (£169m) bond. INM is in talks with shareholders, including former chief executive Sir Tony O’Reilly (left) and Denis O’Brian, who have a combined stake of over 50 per cent.
Rose waives 1.1m share award payout June 22, 2009 SIR Stuart Rose, executive chairman of Marks & Spencer, yesterday waived his entitlement to more than £1m in shares in a bid to appease disgruntled shareholders. Under the incentive share plan, M&S’s remuneration committee had awarded Rose 1,184,900 shares. But after a shareholder backlash led by the Association of British Insurers (ABI), Rose said he [...]
OTHER NUMERICAL RESTAURANTS June 22, 2009 RHODES 24Spiky-haired celebrity chef Gary Rhodes’ City headquarters sits halfway up Tower 42, and has some of the best views of any restaurant in London, with food to match. 24th floor, Tower 42, 25 Old Broad Street, EC2N 1HQ, www.rhodes24.co.uk 1 LOMBARD STREETThe City’s most central fine-dining restaurant, sitting in prime location outside Bank Tube [...]
With Polish vixens and Japanese beef, it’s like the boom never ended June 22, 2009 NO 2020 WARWICK STREET, W1B 5NF, TEL: 020 7292 6102 FOODSERVICEATMOSPHEREPrice per head without drink: £35 AN economist I know is fond of saying that nothing epitomised the boom years like Wagyu and foie gras burgers. Well, he’ll be relieved to know, the boom years are back in one corner of town: No 20 at [...]
CITY MOVES Who’s switching jobs June 22, 2009 AvivaThe insurance group has appointed Jon Bunn as its new corporate affairs and communications director in Europe. Bunn will report to Andy Moffat, Aviva’s director of human resources in Europe. He was previously group public relations director at Prudential, and before that was director of media relations at accountancy firm PricewaterhouseCoopers. He began his career [...]
New interactive strategy pays off for NetPlay TV June 22, 2009 GAMING firm NetPlay TV yesterday said its losses had narrowed over the past year as its strategy of chasing the live gaming market started to pay off. NetPlay posted a £1m pre-tax loss for the year to December, compared with a £4.4m loss the previous year. Revenue soared by 118 per cent to £19.8m. “The [...]
BEST OF THE BROKERS June 22, 2009 BELLWAYUBS upgraded Bellway to “buy” after its trading update confirms a stabilising market. The broker has factored in write-downs in 2010 of £54m, and has new earnings per shares estimates of 15.27p in 2009 and 1.19p in 2010. GO-AHEAD GROUPGo-Ahead’s pre-close update has shown the company to be on track for Royal Bank of Scotland’s [...]
Virgin seals 1.3bn deal on birthday June 22, 2009 VIRGIN ATLANTIC splashed out on its 25th birthday yesterday with a $2.1bn (£1.28bn) deal, saying it would take delivery of 10 new Airbus A330-300 aircraft between now and 2012. The birthday goodies will allow the airline to expand while it waits for the delivery of Boeing’s troubled 787 Dreamliner. The planes, each seating up to [...]
NEW YORK REPORT June 22, 2009 US STOCKS suffered their worst one-day loss in two months yesterday, dropping the S&P 500 back into negative territory for the year in a broad-based sell-off, as investors reconsidered the health of the economy. A sharp drop in US crude oil futures and other commodities hit shares of companies sensitive to those prices, including Exxon [...]
