Luxury motor company Aston Martin considers a £1bn IPO July 4, 2010 LUXURY carmaker Aston Martin is considering a joint venture with another manufacturer or an initial public offering (IPO) to boost its brand’s range and and technology. Chairman David Richards said over the weekend he thought the firm would be valued at over £1bn for the purposes of an IPO. A second alternative would be a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 1, 2010 FINANCIAL TIMES GENERAL ELECTRIC CHIEF VENTS FRUSTRATION OVER CHINA The GE chief executive Jeff Immelt told Italian industrialists at a dinner on Wednesday that he was worried about the way Beijing was treating foreign companies. “I am not sure that in the end they want any of us to win or any of us to [...]
Labour figures and metal miners drag on Wall St July 1, 2010 US stocks fell yesterday as manufacturing and labour market data heightened fears of a double-dip recession before today’s key employment report. Major indexes were lower for a fourth straight day after suffering their worst quarter since late 2008, but losses eased near the end of the session. The Dow Jones industrial average dropped 41.49 points, [...]
CITY A.M.’S STUNNING STRIMPEL PROBES THE STRANGE MALE BRAIN July 1, 2010 SUPER-GLAM Sketch last night played host to the debut book launch party of City A.M.’s very own lifestyle editor, Zoe Strimpel. Around 80 select guests were invited to celebrate the publication of What The Hell Is He Thinking?, Strimpel’s eighty-questions-and-answers guide to what goes on in the male brain. “Men are tough to figure out [...]
Chloride considers new Emerson bid June 29, 2010 POWER protection firm Chloride said last night a new takeover bid from American rival Emerson was a superior proposal to the deal already made with Swiss firm ABB. Emerson raised its offer by more than a third to 375p per share yesterday, surpassing a prior board agreement with Swiss firm ABB for 325p per share. [...]
Tesla Motors shares surge in second-best US IPO of the year June 29, 2010 ELECTRIC car maker Tesla Motors saw its shares surge 41 per cent yesterday in the successful first day of its initial public offering (IPO). Even as other stocks plunged, Tesla sold 13.3m shares at a price above its expected range of $14 (£9.30) to $16. Its shares opened at $19 and closed at $23.89 on [...]
Tesla offers more shares in flotation June 28, 2010 ELECTRIC carmaker Tesla Motors has raised the number of shares it will sell in its initial public offering by 20 per cent, an early sign that investor interest in the start-up is strong. The increase yesterday, a day before shares are expected to begin trading, brings the number of shares being offered to 13.3m from [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 27, 2010 THE SUNDAYS The Sunday Telegraph PRIVATE SECTOR WARNS ON PUBLIC SECTOR CUTS Leading companies have warned they will not be able to pick up the slack from the wide-scale job losses expected in the public sector. The warning raises concerns over a key part of the Chancellor’s spending cuts, which are based on the assumption [...]
ALSO OUT THIS WEEKEND ENTERTAINMENT June 24, 2010 FILM TETRO After years in the wilderness, a return to form for Francis Ford Coppola with this family drama. THE COLLECTOR Yet more tedious “torture porn” in this dull-as-ditchwater chiller set in a scary house. WHEN IN ROME Conveyor-belt romantic comedy with Kristen Bell. Absolutely terrible. DVD THE PRINCESS AND THE FROG Disney’s really rather [...]
The top team must drive a hard bargain with News Corporation June 15, 2010 THE eight independent directors charged with looking after interests of BSkyB shareholders are an experienced stellar bunch. But the group will come under scrutiny because they may be perceived as being too close to News Corporation head Rupert Murdoch who was chairman of Sky until 2007, and was replaced by his son James. The gang [...]