United fight back but let chance slip September 26, 2010 BOLTON WANDERERS (2) vs MANCHESTER UTD (2) IT WAS meant to be the win that thrust them back on the heels of leaders Chelsea, but in the end Manchester United left Bolton with only a draw, salvaged in the closing stages by substitute Michael Owen. To make matters worse for manager Sir Alex Ferguson, United [...]
OUT OF OFFICE September 22, 2010 SONDHEIM AT THE DONMAR Stephen Sondheim, the man who wrote Send in the Clowns and the creative force behind musicals including A Little Night Music, Sweeney Todd and – as lyricist – West Side Story, is 80 this year. Passion, one of his more recent works, is a tale of love, obsession and power set [...]
Sinochem hires banks as it eyes rival bid for Potash September 22, 2010 China’s Sinochem Corp has hired investment banks to look at toppling BHP Billiton’s $39bn (£24bn) bid for Potash Corp, sources said, as the miner warned it would not be caught in an expensive bidding war for the world’s largest fertiliser group. State-owned chemicals group Sinochem has hired Deutsche Bank and Citigroup to evaluate measures to [...]
Canada forces BHP to extend Potash offer September 21, 2010 MINER BHP Billiton was yesterday forced to extend the deadline for its offer for Canada’s PotashCorp by a month to comply with regulatory requests for extra information. PotashCorp investors now have until 18 November to accept, though analysts at Citigroup warned shareholders may prove unwilling to sell up unless BHP raises its $130-per-share offer – [...]
PotashCorp mulls Chinese consortium bid to rival BHP September 16, 2010 CANADA’S PotashCorp has approached a number of parties in China over putting together a consortium to counter miner BHP Billiton’s $39bn (£25bn) hostile takeover bid. PotashCorp, which has made no secret of its attempts to woo white knight bidders since it rejected BHP’s approach last month, is understood to have considered combining a large capital [...]
Business plans need to measure up too September 16, 2010 DESIGN entrepreneurs have come from across the globe to London Fashion Week, starting today, to show off their creations. The industry oozes exclusivity, appearing the preserve of the wealthy and connected. It begs the question of how difficult it is for somebody to set up and grow a business in this world. Do creative geniuses [...]
BUYING September 16, 2010 MANAGING PARTNER AT BLACK BRICK Q.Dear Camilla, there has been a fair amount of negative news in the papers relating to property prices. Do you think prices are going to crash again like they did in 2008? A.With so much conflicting data and house price indices, trying to determine what is happening with house prices [...]
CITY MOVES | WHO’S SWITCHING JOBS September 14, 2010 JP Morgan Asset Management The bank’s asset management arm has poached Nick Gartside from Schroders to join as international chief investment officer of fixed income, effective from December. Gartside joined Schroders in 2002 and was most recently the firm’s head of global fixed income. His responsibilities on Schroders’ ISF strategic bond, ISF global bond and [...]
Relief for banks sees global rally September 13, 2010 BANKING shares on both sides of the Atlantic surged yesterday in response to the Basel III rules, which were less stringent than many institutions had feared. The FTSE 100 index soared 1.3 per cent to 5,565.53 – its highest close in four months – aided by a surge in banking shares which rose between 1.4 [...]
Jim O’Neill to take new role at Goldman September 12, 2010 JIM O’Neill, chief economist at Goldman Sachs, has been appointed to the newly created role of chairman of the bank’s asset management division, the bank announced this weekend. O’Neill will advise clients on investment strategies but will also continue to comment on key economic issues. His appointment is subject to regulatory approval from the Financial [...]