WHAT THE OTHER PAPERS SAY THIS MORNING June 20, 2011 FINANCIAL TIMES ASTRAZENECA TO OFFLOAD SWEDISH DIVISION AstraZeneca is in final talks to sell Astra Tech, the Swedish healthcare and dental business, to Dentsply International in a deal that could value the group at about $1.8bn (£1.1bn). The US dental equipment maker has outbid other potential buyers, including private equity group EQT Partners and medical [...]
RISING STAR OF THE YEAR | THE SHORTLIST DAY 2 June 20, 2011 LUCKILY for all of us the City is full of rising stars, people we all think will make it to the top. This year’s selection includes Sam Smith, who has been making waves as head of the small cap broker finnCap. We’ve chosen two high-flying lawyers, one investment analyst and a fast rising star from [...]
ENTREPRENEUR OF THE YEAR June 20, 2011 ENTREPRENEURSHIP has hogged the political limelight over the last year. David Cameron called on the nation’s “doers and grafters” to “roll up their sleeves” and fix our broken economy. The companies on our list have been pushing ahead, creating the jobs and wealth we desperately need. We are all the winners from their enterprise. We’ve [...]
SuperGroup: Growth plan is on track June 20, 2011 SuperGroup has seen a marked improvement in trading over the past three weeks and is sticking by its expansion plans, it said, as it seeks to calm nerves after a plunge in its shares. The company behind the Superdry fashion brand also said it had exchanged contracts for a new flagship store on London’s Regent [...]
Beware retail banks taking ever greater risks June 19, 2011 WHEN it was announced that George Osborne was going to endorse the Vickers Commission’s suggestion that the retail arms of UK banks be subject to some kind of “ring-fencing” in his speech at Mansion House last week, £3.5bn was wiped off the collective market value of the UK’s four biggest banks almost immediately. Judging from [...]
UAE’s Axiom sells 35pc stake to Qatar’s Mannai June 16, 2011 AXIOM Telecom has sold a 35 per cent stake to Qatar’s Mannai Corp for an undisclosed amount after deciding against a London share listing, the Dubai-based mobile phone retailer said yesterday. The sale follows Axiom’s aborted initial public offering (IPO) last year, when it planned to list on the Nasdaq Dubai exchange by selling up [...]
CITY MOVES | WHO’S SWITCHING JOBS June 16, 2011 Dalton Strategic Partnership The investment manager has appointed Keith Busuttil as an analyst on the European Absolute Return equities team, based in London, where he will work on the Melchior European equity long short strategies. Busuttil joins DSP from The Blackstone Group, where he was vice president in the European Debt Restructuring team. Prior to [...]
FTSE tumbles as Greek crisis prompts flight from equities June 16, 2011 BRITAIN’S top shares fell sharply yesterday as fears over the global recovery and a contagion impact from the Greek debt crisis prompted investors to sell out of riskier assets such as commodity stocks. The FTSE 100 ended down 43.74 points, or 0.8 per cent, at 5,698.81, back at levels last seen after the Japanese earthquake, [...]
Chancellor right that banks must be allowed to fail June 15, 2011 IT is a shame that much of the City will be focused on the crisis in Greece and its repercussions on global markets this morning, for there were some surprisingly good ideas on banking regulation at Mansion House last night. There was a clear shift in attitude on display: the chancellor’s pronouncements were by far the [...]
Banks and politicians must unite on Brussels June 15, 2011 WHAT do you think of when you think of Brussels? Incomprehensible bureaucracy? Plush expenses for MEPs? The greatest peace time project since the Second World War, bringing peace, prosperity and harmony to Europe’s grateful hordes? Or delicious delirium-inducing Trappist ales? Mine’s a Chimay Bleue, please. The chances are you don’t think about Brussels a lot. [...]