Andy Haste to join Lloyd’s as deputy chair October 31, 2012 AFTER a short break from the world of insurance, RSA’s former chief executive Andy Haste is planning a return to the sector as deputy chairman of Lloyd’s of London. Haste will begin a three-year term at the UK’s insurance and reinsurance market today, stepping in to succeed Dr Andreas Prindl, who is retiring. He bowed [...]
Bank’s Paul Tucker stumbles upon a Barclays bonus truce October 31, 2012 IT has become the City’s most wearyingly familiar formula: bank floats pay proposals with investors; investors cry foul; bank showers its largesse on employees regardless; bank suffers revolt at annual meeting. Repeat, year after year. The 2013 bonus round should, at last, provide an antidote to the toxic relationship between Britain’s biggest lenders and the [...]
US indices group MSCI acquires property specialist IPD for £78m October 31, 2012 US INDICES group MSCI has agreed to buy Investment Property Databank (IPD), a private company that provides crucial information for the property industry, in a £78m deal. The sale will generate a huge windfall for IPD’s founders Rupert Nabarro and Ian Cullen, who set up the company 27 years ago. The pair will share £26m [...]
Scottish rugby chiefs invite bids for Murrayfield naming rights October 30, 2012 MURRAYFIELD could become the latest stadium to be rebranded by a corporate sponsor after Scottish rugby chiefs admitted the naming rights were up for sale. Scottish Rugby Union chief executive Mark Dodson said they would be “crazy” if they did not seek a multi-million pound deal similar to Arsenal’s with airline Emirates. “The single biggest [...]
ESPN may shut off TV channel after chief exits October 29, 2012 THE HEAD of ESPN’s European TV operations has quit the broadcaster, in a move that may pave the way for the company to shut down its UK sports channels from next summer. Jeroen Oerlemans, ESPN’s vice president in charge of TV in Europe, the Middle East and Africa, has recently stepped down without a successor [...]
Late try downs Irish and sends Quins back top October 28, 2012 HARLEQUINS captain Chris Robshaw admitted his side rode their luck before returning to the top of the Aviva Premiership table in a dramatic 31-28 win at London Irish yesterday. Trailing by two points with no time remaining, centre Tom Casson looked to have knocked on over the line but on referral to the television match [...]
Monye making his mark after returning to international frame October 25, 2012 RETURNING England wing Ugo Monye believes he is returning to his best form following an impressive start to the season. Monye was one of four additions to England coach Stuart Lancaster’s 32-man squad yesterday. The 29-year-old flyer has already racked up four tries to sit joint top of the league scorers for Harlequins, who are [...]
Property firms turn to insurers for financing October 23, 2012 PROPERTY developers are turning to insurers for finance as banks become reluctant to lend, according to a report released yesterday. According to research by law firm DLA Piper, the amount of money lent by insurers in the form of UK commercial real estate (CRE) loans will almost double to £52bn over the next five years. [...]
Who’s switching jobs October 23, 2012 BT Dan Fitz has been appointed company secretary of BT Group. He is currently group general counsel, and replaces Andrew Parker. Fitz has also previously served as group general counsel at Misys, and held the same position at Cable & Wireless. BlueBay Asset Management Erich Gerth has been appointed global head of business development at [...]
McCall bullish over Sarries victory October 21, 2012 SARACENS boss Mark McCall is satisfied his side have gained control of Heineken Cup Pool 1 after claiming a second successive victory. The Sarries director of rugby refused to be downbeat despite missing out on a potential bonus point from Saturday’s 30-13 victory over French outfit Racing Metro 92. Charlie Hodgson kicked 15 points while [...]