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 [...]
PwC to unveil 6pc jump in its revenues September 11, 2011 TURNOVER at professional services firm PwC rose by six per cent last year, as increased demand from its financial services clients offset a fall in revenues from the public sector. The accountancy giant will announce this morning that revenues from its UK, Middle East and Channel Islands operations hit £2.46bn in the year to 1 [...]
Profiting from reshuffles and regulation September 11, 2011 IT’s been a busy year for PwC’s reshuffled executive board. As well as moving to its new, ultra-sustainable offices at More London, the firm has succeeded in wrestling the Aviva audit mandate from rival Ernst & Young after 10 years, and bulked up its advisory services with the acquisition of technology and management consultants Diamond [...]
CITY MOVES | WHO’S SWITCHING JOBS September 11, 2011 Merchant Securities The financial services group has appointed Dr Navid Malik as head of life sciences equity research. Malik joins from the investment banking arm of Matrix Group, where he was partner and head of life sciences research. Prior to that, he was a senior equity analyst for Collins Stewart and Williams de Broë, covering [...]
CITY MOVES | WHO’S SWITCHING JOBS September 8, 2011 Houlihan Lokey The international investment bank has hired Oliver d’Oelsnitz as a managing director and head of financial advisory’s European financial institutions coverage. D’Oelsnitz was most recently a managing director at Pan American Financial Resources, where he established a portfolio real estate, infrastructure and debt funds. Prior to this, he was a managing director and [...]
RECLUSIVE TYCOONS VIEW €35M SHOW BOAT September 5, 2011 WHAT TO do when there are simply no luxury yachts on the market you want to buy? Easy – start your own yacht business and build your own, as Richard Beattie did when he discovered an alarming lack of “contemporary 21st-century superyachts” for sale. “I fully expected to just go and buy one I liked, [...]
BID BATTLE FOR CHARTER AS US RIVAL CHARGES IN September 4, 2011 US MANUFACTURING group Colfax last night emerged as a rival bidder to Melrose for Charter International, a UK engineering group, in an increasingly fierce £1.5bn plus takeover battle. Charter, which has been courted by Melrose for over eight weeks, appeared to be close to agreeing a deal last week after the turnaround specialist raised its [...]
INDIAN CITY OASIS SEEKS WINE-LOVING RESIDENTS August 31, 2011 BENGALARU is becoming one of the most important global centres for technology and India’s most developed city. So the IT capital formerly known as Bangalore was the obvious choice for the latest multimillion-pound scheme from Vinay Kapoor, the president and chief executive of Westcourt UK, who contributed to the design and development of the World [...]