Hedge funds suffer pain of wider market July 24, 2008 Hedge funds had their worst first half year performance since 1998, as managers struggled to deal with the triple-whammy of a slowing housing market, sky-high energy prices and a financial sector in turmoil, according to HedgeFund Intelligence. The HedgeFund Intelligence global composite index was flat in June and up just 0.55 per cent for the [...]
Imperial in fresh £1.2bn bid approach July 15, 2008 Imperial Energy, the Russia-focused oil company, has had a bid approach that could value the business at around £1.2bn. India’s state-controlled ONGC appeared to be the most likely bidder, although Imperial’s statement to the London Stock Exchange, confirming an approach had been made, did not identify the would-be bidder. Shares in Imperial, which earlier this [...]
French jeweller who loves the Queen sees fine times ahead for Cartier July 2, 2008 Luxury goods maker’s man in London says that the market is doing just fine, writes Zoe Strimpel Arnuad Bamberger, the head of Cartier UK, is not your typical Frenchman. He loves the Queen, has more British than European friends, and loves nothing better than a good polo match well attended by tweedy toffs. Indeed, under [...]
Giving the dream July 1, 2008 Fund manager Nicola Horlick wants to do her bit for society, she tells Timothy Barber Nicola Horlick has never been known for mincing her words. When asked about the turmoil currently engulfing Western economies, the chief executive of Bramdean Asset Management is characteristically forthright. “This all feels like the last days of the Roman Empire, [...]
GM and SAIC to build ‘green’ cars November 1, 2005 American carmaker General Motors and China’s SAIC have signed an agreement to collaborate on manufacturing fuel-efficient hybrid cars for the Chinese market. GM chairman and chief executive Rick Wagoner and SAIC chairman Hu Maoyuan signed a memorandum of understanding yesterday in Shanghai that will see the two firms working together to develop a range of [...]
Ericsson on brink of £1.2bn Marconi deal October 25, 2005 Swedish mobile phones giant Ericsson is expected to announce a £1.2bn cash deal this morning to purchase the major assets of British engineering group Marconi. Marconi shareholders are expected to receive a cash pay out of £2.50 to £3 per share at the start of next year. That is close to the price shares in [...]
A question of success October 21, 2005 After often being called in the early hours of the morning by her boss to locate information fast, Sarah McVittie realised she could make a living providing answers via text messaging. The meaning of life and a FTSE 100 share price are just a couple of questions the founders of 82ASK can answer in a [...]