AA executive chairman Bob Mackenzie: From fly rods to flywheels September 23, 2014 When father-of-five Bob Mackenzie isn’t using his spare time to watch his children’s various sporting fixtures, he likes to relax with a fly-fishing rod. “We had a quiet period in August last year when we were looking at buying the business so I spent a month fishing,” he says. “I fish on the River Test [...]
Bramson shows hand on Electra bid September 17, 2014 The boadroom showdown at Electra Private Equity turned up a notch yesterday as activist shareholder Edward Bramson enticed shareholders by pledging to double the share price. Bramson slammed the Electra board’s lack of commercial experience and below-par performance in a letter to shareholders and pushed for heads to roll at a 6 October shareholder’s meeting. [...]
Wages increase hoped to lure England stars home September 17, 2014 PREMIERSHIP rugby chiefs hope a rise in team’s salary caps by £500,000 per season can end the exodus of English players to foreign climes. Potential England stars such as Steffon Armitage and Toby Flood are currently plying their trade in France and are consequently not eligible to play for the national team under its own [...]
Premiership Rugby £500,000 salary cap rise could tempt England stars in France to return September 15, 2014 Aviva Premiership Rugby is set to increase the league’s salary cap by 10 per cent in future seasons, and will also allow clubs to sign a second “excluded” player from overseas. Clubs’ spending on player wages is currently capped at £5m, but the Aviva Premiership will permit a further £500,000 spending ahead of the [...]
Incoming Barclays chairman John McFarlane to face “very challenging requirements” September 12, 2014 Aviva chairman John McFarlane will face "very challenging requirements" in his new role as chairman of Barclays, said the man who recruited him today. McFarlane, who is one of Scotland's most senior businessmen, will pick up the reins at Barclays' next AGM next April when incumbent Sir David Walker steps down. He is [...]
NFL season begins: Why American Football could be bigger than rugby in the UK September 8, 2014 While the Premier League takes a break this weekend, another "football" league has got underway. Across the pond, the National Football League (NFL), the flagship American Football league whose teams beat even the Premier League in terms of revenue, has kicked off a new season. With its return will follow a growing legion of devoted UK fans [...]
Standard Life share price rockets on £2.2bn deal with Manulife September 4, 2014 Standard Life received a bullish response yesterday from markets and analysts to the sale of its Canadian business for C$4bn (£2.2bn), as shares sky-rocketed and analysts upgraded forecasts after the mega deal. Shares in the huge FTSE 100 listed insurance and investment firm surged by nearly 11 per cent in early trading, before finishing [...]
London clubs gear up for Twickenham double September 4, 2014 Aviva Premiership stars preview the new rugby season with Ross McLean TOP-FLIGHT rugby powers into action tonight when Northampton host Gloucester. The main curtain-raiser, however, takes place tomorrow with the London Double Header. City A.M. met four players at the eye of the Twickenham storm to preview the new campaign: Harlequins’ Charlie Matthews,Will Helu of Wasps, [...]
City Moves for 04 September 2014 | Who’s switching jobs September 3, 2014 Savills The real estate adviser has announced the appointment of Andrew D Thompson as a director in its London-based building and project consultancy team. He joins from his own independent practice, and has previously held roles at CBRE, Drivers Jonas, and Wilks Head & Eve. Aviva Investors David Lis has been appointed chief investment officer, [...]
AA gets third boss in a year amid ongoing upheaval at motor icon August 28, 2014 FORMER car park boss Bob Mackenzie yesterday became the latest in a string of corporate executives to try their hand at running motoring icon AA. Mackenzie, who will break City convention and combine the role of chairman and chief executive at the group, follows in the footsteps of outgoing boss Chris Jansen, who left yesterday, [...]