Payout cut sees £680m wiped off RSA’s stock February 21, 2013 MORE THAN £680m was wiped off RSA’s market capitalisation yesterday as investors took flight following the company’s decision to slash its dividend by a third. Chief executive Simon Lee told City A.M. that the unexpected decision to cut investor payouts – which forced its share price down 14 per cent – was never going to [...]
FTSE surges to highest level in over five years February 21, 2013 THE FTSE 100 benchmark equity index edged up yesterday to touch fresh five-year highs but its failure to close above a key technical level led some traders to expect a minor, near-term sell-off. The blue-chip FTSE 100 index closed up 0.3 per cent, or 16.30 points higher, at 6,395.37 points – its highest level since [...]
Vunipola still fighting for Wasps despite nearing exit February 17, 2013 LONDON Wasps No8 Billy Vunipola is heading to Saracens next season but coach Dai Young insists his performance in yesterday’s 33-29 win over Gloucester show his allegiances lie at Adams Park for now. The 20-year-old, who scored a try yesterday, will join brother Mako at Sarries next season but Young has no fears for the [...]
Allianz Park will take Sarries to a whole new level, says Strettle February 14, 2013 SARACENS winger David Strettle believes the official opening of the club’s new £20m Allianz Park home tomorrow marks the dawning of a new era for one of English rugby’s biggest clubs. After 15 years of sharing a ground with Watford at Vicarage Road, Sarries have relocated to their new development on the site of the [...]
City Moves for 15 February 2013 | Who’s switching jobs February 14, 2013 CBRE The property firm has appointed Andrew Peacock as head of central London asset management. He joins after 24 years at Aviva Investors, where he held a number of senior roles, including manager of its central London office portfolio. Towers Watson The professional services company has appointed Liz Rennie as senior consultant in its human [...]
Six Nations turns sour for Ireland as Healy is found guilty of stamp February 13, 2013 PROP Cian Healy will miss Ireland’s next two RBS Six Nations fixtures after being found guilty of stamping on England’s Dan Cole during their 12-6 defeat in Dublin on Sunday. The 25-year-old trod on Cole’s ankle in the 14th minute of the match at the Aviva Stadium after an Ireland maul collapsed, though match referee [...]
City Moves for 12 February 2013 | Who’s switching jobs February 11, 2013 UBS The bank’s global asset management division has appointed Gavin Lewis business development director. Lewis has over 11 years’ experience in the investment industry. He joins from Russell Investments, where he was responsible for relationship management. MN The fiduciary management firm has announced three new appointments. Christy Jesudasan joins as senior account manager after 14 [...]
Unfazed Farrell kicks England to gritty victory February 10, 2013 IRELAND 6 vs ENGLAND 12 ICE-COOL fly-half Owen Farrell played down the pressure of kicking England to victory in the cauldron of Dublin’s Aviva Stadium yesterday after his penalties cemented their RBS Six Nations favourites’ status. The 21-year-old landed two kicks in each half as England overcame energy-sapping conditions and a fiercely competitive Ireland side [...]
Aviva-derci as pay row exec leaves insurer February 7, 2013 TREVOR Matthews, the Aviva executive whose £4m “golden hello” helped provoke a brutal pay row at the insurer, is to leave the company after just 14 months, it was revealed yesterday. His departure is part of the first board shake-up under the group’s new chief executive Mark Wilson, who has inherited a company in the [...]
Quins still bear Wasps scars as rematch looms February 7, 2013 HARLEQUINS centre Matt Hopper insists they have learned the lessons of a dramatic opening day victory ahead of tomorrow’s return Aviva Premiership clash with Wasps. Leaders Quins were shocked by their London rivals in the season’s curtain raiser at Twickenham, falling 40-13 behind before an astonishing comeback saw them snatch a 42-40 win. “We know [...]