What the other papers say this morning – 28 May 2014 May 27, 2014 FINANCIAL TIMES Pilgrim’s Pride bid disrupts deal Poultry company Pilgrim’s Pride has offered to buy Hillshire Brands for $6.4bn (£3.8bn) including debt, in a deal meant to head off Hillshire’s recent bid for Pinnacle Foods and create one of the US’s largest meat producers. Pilgrim’s offer of $45 a share – a roughly 22 per [...]
Football’s equaliser gets a good kicking May 22, 2014 FINANCIAL Fair play (FFP) has been big news of late. It’s splitting opinions across Europe and with this in mind City A.M. held a lively roundtable last night, bringing together some experts together to discuss the contentious topic. Despite what is sounds like, financial fair play doesn’t put the City in the limelight but instead, [...]
Focus on… Ladbroke Grove: Feeling the love for Ladbroke Grove May 22, 2014 IT MAY be a small area, but Ladbroke Grove in west London is making a big impact on the property market. The area just north of Kensington and south of Paddington is a bustling collection of tree-lined streets packed with boutique shops, independent restaurants and Portobello Road Market. “It’s set itself apart from nearby areas [...]
City Moves for 21 May 2014 | Who’s switching jobs May 20, 2014 Brooks Macdonald Employee Benefits The corporate benefits advisory business has appointed Camille French as a client relationship manager. She has over 20 years’ experience in the financial services industry, and joins from JLT Employee Benefits. Duncan Lawrie Private Bank The private bank has announced the appointment of Byron Coombs as chief executive. He has had a [...]
Ex-F1 champ Brabham dies May 19, 2014 THREE-TIME Formula One world champion Sir Jack Brabham has died aged 88 after battling liver disease. The Australian designed, built and raced his own rear-engined BT 19 car to world championship victory in 1966, after claiming back-to-back crowns in 1959 and 1960. Brabham, a former Royal Air Force mechanic, was knighted for services to motor [...]
Carphone and Dixons dial up £3.8bn merger May 15, 2014 DIXONS Retail and Carphone Warehouse shares slid into the red yesterday after the high street giants’ plans for a £3.8bn merger was given a mixed reception. The new group, which will be named Dixons Carphone, aims to exploit the ever-growing presence of smartphones in people’s lives and the so-called internet of things – where household [...]
Godzilla thunders back onto screens May 15, 2014 FILM GODZILLA Cert 12a | By Alex Dymoke Three Stars SKYSCRAPERS haven’t come in for this much abuse since Prince Charles started sounding off about contemporary architecture. Brit director Gareth Edwards’ take on the classic Japanese B-movie doesn’t so much reimagine the original as inject it with growth hormones. It’s a monster of a monster [...]
Flexible working to the extreme: Dispersed office May 14, 2014 James Knight, founder of Keystone Law, talks to Liam Ward-Proud about gaining acceptance for a new business model, and how dispersed working can cut overhead costs and realise efficiency gains FOUNDED in 2002 by lawyer James Knight, Keystone Law brought an entrepreneurial streak to a centuries-old profession. Using advances in communication technology, including a remotely [...]
Analyst Views: How does the future look for Lonmin? May 12, 2014 MARC ELLIOTT | INVESTECWe understand that management will ramp up processing activities regardless of miners returning to work as it has the staff to do so, and this enables cash flow generation. We expect it to take around two weeks to ramp processing back up, whilst mining activities would probably take six to eight weeks. [...]
US corporate results round up May 1, 2014 Cereal maker Kellogg gets a rude awakening from generic rivals Kellogg, the world’s biggest maker of breakfast cereals, reported a bigger-than-expected fall in quarterly revenue yesterday as competition from private-label brands and alternative breakfast items ate into cereal sales. Sales at Kellogg’s US morning foods business fell 5.5 per cent in the first quarter. Oaktree [...]