WHAT THE OTHER PAPERS SAY THIS MORNING September 1, 2009 FANANCIAL TIMES NATIONAL EXPRESS BID RETHINKThe Cosmen-CVC Capital Partners team bidding for National Express is looking for ways to make its offer more attractive after the rejection of a conditional all-cash 450p takeover proposal. Stagecoach, a rival transport group that had been in exclusive discussions with the Cosmen-led consortium about buying some of the assets [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 11, 2009 FINANCIAL TIMES DEUTSCHE BANK BACKS €300M SAL OPPENHEIM INJECTIONDeutsche Bank has backed a €300m ($423m) injection of capital for Sal Oppenheim as the two banks continue their talks over a possible equity shareholding. Sal Oppenheim, a 220-year-old institution that claims to be Europe’s largest biggest independent private bank, said the equity injection was made by [...]
How the Russian oligarchs came to rise and reign in boomtime London August 5, 2009 LONDONGRADBY MARK HOLLINGSWORTH AND STEWART LANSLEYFourth Estate, £12.99ONE of the most visible signs of the times over the past few years has been the increasing Russification of London. The likes of Roman Abramovich, the owner of Chelsea Football Club, Oleg Deripaska, who made headlines when he entertained the then-EU trade minister Peter Mandelson and shadow [...]
Curtain up on a global drama of a different kind August 2, 2009 IT’S August and the streets of the Square Mile feel different. Many (especially those with families) are on holiday or thinking about it, the pace of news from Westminster and Whitehall is subdued and London is filled with foreign tourists marching across the City’s Millennium Bridge or up Ludgate Hill to enjoy our history and [...]
Lazard profit falls but beats forecasts July 29, 2009 FINANCIAL adviser and asset manager Lazard yesterday reported higher-than-expected second-quarter earnings, helped by strength in its restructuring business, sending its shares higher. But the firm said that profit was lower than a year earlier as its mergers and acquisitions business had not fully recovered in a lacklustre market. Lazard vice chairman Steven Golub said that [...]
Spofforth lands first gold July 28, 2009 SWIMMING: Gemma Spofforth last night smashed the world 100m backstroke record to take Britain’s first swimming gold medal in the pool at the World Championships. Spofforth, 21, powered home in the last 50m to pip Russia’s Anastasia Zueva and win in 58.12 seconds. Meanwhile, 14-time Olympic gold medalist Michael Phelps was beaten by Germany’s Paul [...]
CITY MOVES WHO’S SWITCHING JOBS July 26, 2009 ExecutionThe agency broker has appointed Bruce Howitt, formerly a director of Merrill Lynch’s fixed income business, to head up its newly created agency credit division. Howitt, who will become head of European credit at Execution, previously spent six years with Merrill Lynch, where he managed the non-financials trading desk. He has also formerly held senior [...]
Champion Tom dreams of more gold in London July 22, 2009 NEW British hero Tom Daley has set his sights on London 2012 after his unexpected World Championship success. Daley became Britain’s first world diving champion by winning the 10m platform title in Rome on Tuesday at the age of just 15. He said: “This is great practice for London 2012 because there is going to [...]
Hambro posts surprise gain in gold output July 20, 2009 PETER Hambro Mining yesterday said its gold production jumped 54 per cent in the first half and noted that output, which is traditionally higher in the second half, will be boosted by one of its biggest mines, the Pioneer deposit. The second-biggest gold producer in Russia said its output rose to about 222,600 ounces. The [...]
Green dreams: a Moon Race for the 21st Century July 19, 2009 FORTY years ago today Neil Armstrong jumped off the ladder of his Eagle landing module as the US finally won the decade long battle with Russia to put the first man on the moon. NASA won, not by luck, but because it put in place a countrywide programme costing over $100bn (£61bn) in today’s money [...]