CITY MOVES | WHO’S SWITCHING JOBS April 8, 2010 Merrill Lynch Wealth Management Nick Booth has joined the wealth management firm as a business development director within the Merrill Lynch Portfolio Managers division. Booth, who will be based in Jersey, will focus on ultra high net worth clients and trust companies in the Channel Islands, working closely with the wealth structuring and advisory teams. [...]
Russian egg giant plans London IPO April 6, 2010 UKRAINE’S biggest egg producer Avangard is planning a stock-market float in London. The IPO would be the first from the Commonwealth of Independent States (CIS) in the capital this year. The company has not revealed how much it hopes to raise. If the IPO goes ahead, it will be the first London listing by a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 5, 2010 FINANCIAL TIMES DUBAI WALTH FUND BUY-OUT HEAD SWITCHES TO CARLYLE Carlyle, the US-based private equity group, has poached Eric Kump, head of Dubai International Capital’s European private equity team, leaving the sovereign wealth fund with a troubled portfolio and lacking funds for new deals. Mr Kump will on Tuesday be unveiled by Carlyle as a [...]
Deripaska could return to Norilsk April 5, 2010 A billionaire shareholder in Russian aluminium giant Rusal is set to return to the board of Norilsk Nickel, in the latest sign of a possible merger. Oleg Deripaska has been included on a list of candidates for the board, which the company shareholders are due to approve at its general meeting in June, Norilsk said [...]
Four more fights and that’s my lot, vows champ Haye April 5, 2010 BRITAIN’S world heavyweight champion David Haye has set himself a four-fight target before taking early retirement. Haye came through the first defence of his WBA crown with a ninth round stoppage of American John Ruiz in Manchester on Saturday. But at the tender age of 29, the Hayemaker is already planning to hang up his [...]
JKX plans to double production March 30, 2010 JKX, the oil and gas producer, reported a six per cent rise in production in 2009 and promised a year of growth as it looks to nearly double its production by 2011. It said it plans to invest $230m (£152m) in its Russian and Ukrainian operations in 2010, following a fundraising in January. This year [...]
THE TIPSTER March 28, 2010 SHARES in HMV have been on a general downward trend since reaching highs of 159.50p in April last year. However, after announcing a strategy review last week, which will see the firm increase its involvement in live music and ticketing, its share price jumped by 10 per cent. Spreadex has a June-based HMV contract with [...]
INM hands Lebedev £9m to take Indy March 25, 2010 THE Independent newspapers were yesterday sold to Russian billionaire and former KGB spy Alexander Lebedev for £1. Independent News and Media (INM) will pay Evening Standard owner Lebedev £9.25m over the next 10 months, effectively compensating him for taking the beleaguered newspapers off its hands. Lebedev has set up a new vehicle, Independent Print Limited, [...]
The spy who loves papers needs deep pockets March 25, 2010 JOURNALISTS at the Independent cheered when they found out that former KGB spy Alexander Lebedev had finally bought the newspaper. Their reaction couldn’t have been more different to the doomed silence that descended on the Evening Standard offices in January 2009, when hacks at that title learned of its sale to the Russian billionaire. But [...]
Bullock is Miss Sentimentality in her apple pie Oscar role March 25, 2010 Film THE BLIND SIDE Cert: 12A IT’S certainly a remarkable story. “Big Mike” Oher, a poor black kid from the Tennessee projects abandoned by his junkie mother, became a major star in American football after being rescued by rich housewife, Leigh Anne Tuohy. She and her millionaire husband (Tim McGraw) adopted him as a teenager, [...]