END OF AN ERA AS CITY SAYS FAREWELL TO TOP LINKLATERS PARTNER September 22, 2011 IT WAS “hangover central” in the City yesterday, said one mole, thanks to some enthusiastic networking at the City A.M. awards that continued into the early hours of Thursday morning in the basement nightclub in the Grange Hotel at St Paul’s. However, the retirement party for Linklaters senior partner David Cheyne on the same evening [...]
FUND MANAGER | OF THE YEAR September 21, 2011 MARTIN GILBERT ABERDEEN ASSET MANAGEMENT Aberdeen edged ahead thanks to a jump of 54 per cent in pre-tax profits in the six months to March. The firm has had to limit the rapid growth of emerging markets funds to prevent them becoming unmanageable. SHORTLIST M&G Investments Aviva Investors Schroders Jupiter Fund Management
FTSE commodities drop on fear over Fed announcement September 21, 2011 BRITAIN’S top shares dropped back yesterday, led by weakness in commodity issues as investors nervously awaited the outcome of a US Federal Reserve meeting with expectations for further economic stimulus seen as already discounted. The FTSE 100 closed down 75.30 points, or 1.4 per cent at 5,288.41, retreating after a two per cent bounce on [...]
Glasenberg adds to stake in Glencore September 19, 2011 GLENCORE boss Ivan Glasenberg has made another show of confidence in the commodity trader, buying almost £13.5m of shares to add to his holding as part of a plan to use his dividend income to buy more shares. Glasenberg, who announced last week he had bought £10m of shares and would buy more, bought another [...]
Card games trigger Panel probe at M&B September 18, 2011 REPORTS that Joe Lewis enjoyed games of cards with JP McManus and John Magnier on board his yacht Aviva over the summer, as revealed in City A.M. on 15 September, have prompted the Takeover Panel to re-open their files on alleged collusion between the two parties to seize control of pubs chain Mitchells & Butlers. [...]
Mitchells & Butlers sets Lewis a deadline for his next move September 16, 2011 THE INDEPENDENT directors of Mitchells & Butlers have issued a put up or shut up notice to Piedmont, forcing Joe Lewis to make a public offer for the group by 17 October. If Piedmont fails to come back with a firm offer by the deadline of 5pm on 17 October, following its possible offer of [...]
Lewis seeks out Irish tycoons in brewing battle September 14, 2011 JOE LEWIS has told associates he wants to meet JP McManus and John Magnier, his friends and fellow shareholders in Mitchells & Butlers, to enlist their support in his fight to take full control of the pub chain. According to one source who was yesterday at a meeting on Lewis’s boat Aviva, the financier expressed [...]
PUBS WAR CAN WAIT AS JOE LEWIS EXPECTS NEW GREAT-GRANDCHILD September 14, 2011 ALL EYES remain on financier Joe Lewis, whose surprise appearance in London on his superyacht Aviva ten days ago has been satisfactorily explained by this week’s hostile move to take control of pub chain Mitchells & Butlers. Case closed. Or is it? As ever with the enigmatic Bahamas-based billionaire, the truth is rather more surprising [...]
Joe Lewis eyes a takeover of pub chain Mitchells & Butlers September 12, 2011 FOREX billionaire Joe Lewis confirmed he is considering taking control of pub landlord Mitchells & Butlers yesterday in a deal that could value the firm at more than £940m. Lewis, Mitchells & Butlers’ biggest shareholder with a 22.8 per cent stake through his investment vehicle Piedmont, said he may offer to buy the remainder of [...]
Greenwood: England must utilise Foden and Ashton September 12, 2011 FORMER England centre Will Greenwood has urged Martin Johnson’s side to throw off the shackles and return to the expansive style of rugby that saw them brush Australia aside last autumn if they are to make a major impact at the World Cup. The error-strewn performance against Argentina on Saturday could not have been further [...]