Delek to list stocks in London October 25, 2010 Israeli energy, property and automotive group Delek is planning a public offering on the London Stock Exchange to raise between $400m and $500m. Citi, UBS and Deutsche Bank are lined up to underwrite the offering. Delek, which is already listed in Tel Aviv, has a market value of around $3.2bn. It is known for importing [...]
Jaguar keen on a joint venture with Chinese October 24, 2010 JAGUAR Land Rover, a unit of India’s Tata Motors, is in talks with a Chinese auto maker to set up a joint manufacturing and sales venture in China. The aim of the move is to boost the company’s presence in China, which last year displaced the US as the world’s biggest auto market. Tata Motors [...]
Swiss class indoors, Swiss snow outdoors make an iconic St Moritz hotel October 24, 2010 THE lift doors opened and, there, standing in the grand foyer of St Moritz’s Suvretta House, stood a woman who seemed to epitomise this luxurious Swiss hotel. Tall, elegant and effortlessly chic in her glossy fur coat paired with long, expensive black boots, she oozed European-style opulence. Behind her, the stunning alpine view glinted in [...]
‘Confident’ Pietersen is ready for Ashes tour October 20, 2010 ENGLAND star batsman Kevin Pietersen says he is “full of confidence” going into the Ashes after a recent spell in South Africa. Pietersen joined Kwazulu Natal Dolphins in an attempt to rediscover his form, having been dropped from England’s last one-day team after a period in which he has failed to score a Test century [...]
Malcolm Calvert drops appeal against insider dealing conviction October 20, 2010 MALCOLM Calvert, the ex-Cazenove partner released from jail earlier this month after serving just a third of his 21-month sentence for insider dealing, has dropped his appeal against the High Court’s conviction, bringing to a close the most high-profile enforcement case in the City regulator’s history. Calvert, known as “Streaky”, was released from Ford prison [...]
CAR TALK October 19, 2010 BMW DRIVERS ARE RUDEST BMW drivers are the most likely to be obnoxious on the road according to a survey of 3,000 motorists conducted by gocompare.com. Results from the study found BMW drivers the most likely to tailgate, make rude hand gestures and to speed, and more than half of the survey’s respondents had suffered [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 18, 2010 FINANCIAL TIMES CANDOVER POISED TO PULL PLUG ON THEME PARK Candover, the private equity group, is on the brink of ditching plans to sell or float Parques Reunidos, the Spanish theme park operator, after offers from rival buy-out groups came in below its €2bn ($2.8bn) price tag. Apollo Management and a consortium of Advent International [...]
PREVIEW: October 14, 2010 Various venues, until Oct 28 Want to know what films are going to be making the headlines next year? The BFI London Film Festival, which opened this week and runs for the next fortnight, brings together a panoply of the most anticipated new films, as well as hidden gems from around the world and a [...]
Wall Street flat as earnings awaited October 11, 2010 US stocks drifted in the lightest trading volume of the year yesterday as few dared to place bets ahead of key companies’ results later this week. Expectations the Federal Reserve will flood markets with even more cash have been fully priced in to the market, so investors are now focused on third-quarter earnings season, with [...]
Jaguar Land Rover exec to quit next year October 11, 2010 Luxury car maker Jaguar Land Rover yesterday said the boss of its Jaguar arm is leaving next year as the company continues to review the future of its UK manufacturing operations. Jaguar Land Rover said the managing director of Jaguar Cars, Mike O’Driscoll, 54, will retire at the end of March 2011 after 35 years [...]