Best of the Brokers January 1, 2013 HANSTEEN HOLDINGS Peel Hunt rates the real estate investment trust “buy” and has a 79p target. The broker sees last week’s £60m industrial property acquisition as a classic deal for the firm, with low capital values and high yields coupled with asset management opportunities. VOLVO Morgan Stanley rates the carmaker “overweight” with a target of [...]
Aviva disposes of US operations in £1.1bn deal December 21, 2012 Insurer Aviva today said it had agreed to sell its US operations for $1.8bn (£1.1bn). Britain’s number two insurer, which will dispose of its US operations to Athene Holding, will retain its US asset management operations. The sale forms part of an overhaul launched by Aviva in July to offload 16 businesses aimed at bolstering [...]
Will you christmas shop this saturday? December 19, 2012 ELLA JENKINS | ACCENTURE No, I will be drinking mulled wine with my friends. I bought all my presents online this year to avoid the last minute shopping. In fact, the last one just arrived with the mail. JUDE AWANI | AVIVA Yes, I am late and still have to buy presents for my nephews [...]
Who’s switching jobs December 19, 2012 Kleinwort Benson Nick Bennett has been appointed head of private wealth management in the private bank’s Guernsey office. He joins from Schroders Private Banking, where he was most recently head of private banking in the Channel Islands. Bennett has also held roles at Lloyds TSB. Development Securities The property investment firm has appointed Marcus Shepherd [...]
Who’s switching jobs December 18, 2012 Adveq The asset management firm has promoted Sanjay Gupta to executive director. He joined in 2008 as a senior associate in its investment management team, and he is currently head of the Adveq Opportunity programme and leads its US buyout and turnaround investment activity. State Street Global Advisors The asset management division of State Street [...]
Saracens edge Munster to lift Euro ambitions December 16, 2012 CAPTAIN Steve Borthwick insists Saracens will not be getting ahead of themselves despite moving into the box seat for Heineken Cup qualification with a 19-13 victory over Munster yesterday. Fourteen points from Owen Farrell did the damage for the Aviva Premiership outfit with David Strettle also crossing for a try as Sarries moved to the [...]
Ashley’s naked ambition could help him win Sports Direct vote December 13, 2012 A man prepared to offend thousands of hardened Geordie football fans by renaming their place of worship the Sport Direct Arena (now plain old St James’s Park again) won’t be too bothered about entering into a renewed battle with City institutions over executive pay. But more than a handful of other executives will be interested [...]
Hartley to miss Ulster trip with ban December 13, 2012 RUGBY UNION: Northampton and England hooker Dylan Hartley has been banned for two weeks after being cited for foul play during the 25-6 Heineken Cup defeat to Ulster last week. The Saints captain was reported for striking Rory Best and will now miss tomorrow’s return trip to Ulster along with Northampton’s Aviva Premiership clash with [...]
Farrell ascends to Lions staff as Edwards partnership cut short December 11, 2012 ENGLAND defence coach Andy Farrell is today set to complete the latest chapter in his meteoric rise by being named a key figure in Warren Gatland’s backroom team for next year’s British and Irish Lions tour. Gatland is poised to name Farrell alongside England forwards specialist Graham Rowntree and Wales backs expert Rob Howley, who [...]
FTSE 100 down on Italian uncertainty December 10, 2012 Concerns over the health of the Eurozone weighed on the blue chip index this morning, following Italian Prime Minister Mario Monti’s announcement that he intends to resign after the 2013 budget is approved. The FTSE 100 was trading 0.2 per cent down in early trading, led down by insurer Aviva and miner Eurasian Natural Resources, [...]