Chiquito owner serves up a new chief executive April 2, 2014 THE RESTAURANT Group, the owner of Chiquito and Frankie & Bennys restaurant chains, said yesterday that it has promoted the head of its leisure business Danny Breithaupt to the role of chief executive. Breithaupt, who has worked at The Restaurant Group for over 10 years, will take over as chief executive at the beginning of [...]
City Moves for 02 April 2014 | Who’s switching jobs April 1, 2014 Baringa Partners The management consultancy has announced the appointment of Simon Anderson as a partner in its markets and trading team. He joins from Deutsche Bank, where he was a director and senior business architect in its corporate banking and securities division. Coutts The bank has appointed Sophie Chapuisat as head of products and services [...]
The Roux family take their culinary expertise to Epsom March 30, 2014 FINALLY, the greatest flat-race in the world has a world-class restaurant to match. Last week, French culinary legends Albert Roux and his son Michel Roux Jnr launched a new fine dining establishment that is to be at Epsom Downs Racecourse during the Investec Derby Festival. As official newspaper of the event, City A.M. was on [...]
Toast of New York to get Derby run March 30, 2014 HORSE RACING: Trainer Jamie Osborne plans to enter Toast of New York in June’s Investec Derby, following the two-year-old’s win in the Group Two United Arab Emirates Derby on Saturday. Meanwhile, Godolphin-trained African Story triumphed in the Dubai World Cup, the world’s richest race.
Any Other Business – 28/03 March 28, 2014 The Capitalist stands corrected. Yesterday we said the City was close to its first official rock band but it seems rock has in fact been around in the City for sometime. “Whilst we would never call into question the accuracy of your report, we feel we must put the record (!) straight on one point,” [...]
Stress test fail puts RBS sale of Citizens at risk March 28, 2014 HOPES of an early sale for RBS’s US arm Citizens were knocked yesterday after it failed the Fed’s stress tests. Although the main plan is to float the bank, starting later this year, RBS has been in early-stage talks with other banks including Japan’s Sumitomo Mitsui over a trade sale. But failing the stress test [...]
Daily Mail shares slide as ads disappoint March 28, 2014 DAILY Mail and General Trust (DMGT) – publisher of the Daily Mail and The Mail on Sunday – warned yesterday that its advertising revenue over the last four weeks has fallen seven per cent due to the late Easter hurting advertising. Shares tumbled 7.3 per cent to 893.5p following the announcement as investors reacted to [...]
Failed stress test hits RBS’ chances of fast Citizens sale March 27, 2014 RBS’ shares fell this morning after its US arm Citizens failed a Fed stress test, knocking the bank’s chances of a quick sale to another lender. Although the main plan is to float the bank, it has been in early-stage talks with other banks including Japan’s Sumitomo Mitsui over a trade sale. But failing the [...]
Standard Life shares shoot up after Ignis deal March 26, 2014 STANDARD Life saw its share price rocket yesterday after it announced the acquisition of Ignis Asset Management for £390m. The insurance and pensions specialist saw its shares shoot up seven per cent to 400p per share after the purchase was announced. The deal signals a shift towards investment management and away from its core business [...]
Lamprell slides as it warns on order delays March 26, 2014 LAMPRELL’S share price plunged 6.7 per cent yesterday, after the rig maker warned that revenues would be lower this year and next year due to delays in new orders. The London-listed company reported a $36.4m (£22m) profit in 2013, recovering after a challenging 2012 when it fell into $111m losses. Lamprell’s expansion into wind turbine [...]