SUNTORY WHISKY AND CIGAR TASTING COMPETITION April 27, 2012 WIN A SUNTORY WHISKY AND CIGAR TASTING EVENING AT EIGHT CLUB, IN THE HEART OF THE CITY Suntory and Eight Club are offering five pairs of tickets to an exclusive whisky and cigar sampling evening conducted by Zoran Peric and Przemek Zaneap at the club’s Moorgate premises. Address: 1 Dysart Street, London EC2 2BX Tel: [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 26, 2012 FINANCIAL TIMES NEW SFO BOSS VOWS TO STAY RELEVANT The incoming director of the Serious Fraud Office has promised to pursue a more aggressive crime-fighting strategy, saying he will investigate “significant strategic targets” suspected of committing the most complex financial crime and overseas corruption. INVESTORS TURN HEAT ON MAN CHIEF Leading shareholders of Man Group, [...]
Vodafone agrees to hand over £1bn for ailing CWW in £1bn buyout April 23, 2012 VODAFONE faces a possible shareholder rebellion over its £1.04bn bid for Cable & Wireless Worldwide after the ailing telecoms company’s biggest investor expressed disappointment at the offer. Orbis, which holds a 19 per cent stake in CWW, refused to back Vodafone’s offer of 38p per share. A spokesperson for Orbis said: “With the transaction being [...]
Carcass of a failed tech firm may be worth more than you thought April 23, 2012 JUST three months ago, everyone thought Cable & Wireless Worldwide was a busted flush. After de-merging from the C&W mobile business in 2010, it was forced to make three profit warnings and went through the same number of chief executives. A roster of impressive blue-chip clients couldn’t hide the fact it lacked the scale and [...]
TIMELINE | CABLE & WIRELESS April 23, 2012 1860s Sir John Pender founds a number of British telegraph companies. 1928 Various radio and telegraph companies throughout the British Empire merge into Imperial & International Communications Limited, which becomes Cable and Wireless Limited in 1934. 1947 The Labour government nationalises Cable & Wireless. All its UK assets are integrated with those of the Post Office. [...]
BEST of the BROKERS April 11, 2012 BT GROUP JP Morgan Cazenove has downgraded the telecoms group from “overweight” to “neutral” following a strong share price performance that has seen it rise by 20 per cent over six months, compared to a drop of five per cent across the European telecoms sector. The broker sees revenue risk in both the full year [...]
Banks lead FTSE to a rebound in spite of jitters over the Eurozone April 11, 2012 BRITAIN’S top share index rebounded from a three-session slide yesterday as a rise in banking stocks following a positive broker comment and gains in mining shares boosted the index. The FTSE 100 index closed up 39.19 points, or 0.7 per cent at 5,634.74, reversing a downward spiral when the index surrendered almost all its remaining [...]
FTSE steadied by banks and miners April 11, 2012 The FTSE 100 steadied this morning but fears over world growth and in particular the continuing Eurozone debt crisis cast a shadow over markets. Having fallen back to its weakest point this year the blue chip index was given a boost by miners and banks but the market was effectively flat. The sector had been [...]
Daniels leaves BT directorship April 4, 2012 ERIC Daniels, the chief executive of Lloyds Banking Group during its doomed takeover of HBOS, has stepped down from a non-executive directorship at BT. The telecoms group said Daniels will step down on 13 June after four years on its board. Chairman Sir Mike Rake said in a statement: “Eric has been a great asset [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 4, 2012 FINANCIAL TIMES BRAZIL’S BTG BANK TO CEMENT RAPID RISE WITH $15BN FLOAT BTG Pactual is set to float later this month in a deal that will value the rapidly growing Brazilian investment bank’s equity at up to $15bn and the shareholdings of a swathe of executives at more than $150m each. BSE HEAD APPOINTED TO [...]