City Eye February 2, 2010 MANNEQUINS cast a surly stare over passers-by in front of New Look on London Wall, on the day the fashion retailer confirmed plans to raise up to £650m via a London Stock Exchange float.
Retail bonds launch online February 1, 2010 A NEW online trading platform will open up the corporate bond and gilt market to the retail sector. The launch of a new order book by the London Stock Exchange (LSE) yesterday will allow far greater access to private investors. Of an estimated 10,000 bond packages available, only 200 were readily available to retail investors. [...]
CITY MOVES | WHO’S SWITCHING JOBS February 1, 2010 GMT Communications Partners The private equity group has promoted Natalie Tydeman, pictured, to partner and Vikram Krishna to principal. Tydeman joined the group in 2007 as a senior adviser from Fremantle media, where she was a senior vice president. Krishna has been at GMT since 2005. He was formerly a manager at PwC, focusing on [...]
John Lewis to open “Olympic” store February 1, 2010 DEPARTMENT store John Lewis is to open a shop next to the 2010 Games site as part of its sponsorship deal. The shop, in Stratford, will sell Olympic merchandise and become the 26th home-grown sponsor. An estimated 10,000 licensed products which will be on sale. The john Lewis Flagship store in Oxford Street will also [...]
Debenhams appoints new chairman January 28, 2010 DEBENHAMS has appointed Nigel Northridge as its new chairman to replace John Lovering. The company said Northridge – currently chairman of betting group Paddy power – will step up to the role on 1 April Lovering had chaired the retailer since 2003 and led its flotation on the London Stock Exchange in 2006. Northridge is [...]
CITY MOVES | WHO’S SWITCHING JOBS January 28, 2010 Earth Capital Partners The green investment advisory firm, chaired by ex-Man Group boss Stanley Fink, has appointed Bosworth Monck, Gabriel Montana and Richard Smith to its sustainable agriculture and forestry investment team. Monck, pictured, will head up the team and previously held roles as chief executive of Ibis Asset Management, chief operating officer of hedge [...]
The man with the Midas touch January 28, 2010 FEW people can say that Gordon Brown gave them a great business idea. Paul Tustain, the founder of BullionVault.com, the internet-based gold trading firm, can. When the current prime minister, then chancellor of the exchequer, sold off the nation’s gold supply in the late 90s, Tustain decided that was a good signal to buy. But [...]
Sportech pays £51.4m for US sports betting business January 27, 2010 POOLS operator Sportech is buying racing and venue management business SGR from US group Scientific Games Corp for up to $83m (£51.3m) in cash and shares to become a world leader in pools betting. Sportech said yesterday it would pay an initial $65m, followed by $10m on 30 September 2013 and up to $8m if [...]
CITY MOVES | WHO’S SWITCHING JOBS January 26, 2010 PricewaterhouseCoopers Dr Paul Robertson has joined the accountancy giant to lead the crisis management part of its risk and business continuity management services division. A past winner of the CIR Business Continuity Management Consultant of the Year award, Robertson is a regular speaker at industry events. He has spent the past 13 years working as [...]
Defensive shares lift FTSE but banks and miners weak January 26, 2010 BRITAIN’S leading share index added 0.3 per cent yesterday, as support for defensive issues, and a modest early rally on Wall Street, offset weakness in heavyweight miners and banks. At the close, the FTSE 100 index was up 16.54 points at 5,276.85, snapping a four-session losing streak, having earlier reached an intraday low for the [...]