LONDON, Feb 10 (Reuters) - Sunday Times
RBS BOSS IN LINE FOR 780,000 STG BONUS
The head of Royal Bank of Scotland Stephen Hester is
set to be handed a 780,000 pound ($1.24 million) bonus via a
share based payment awarded in 2010 which he agreed not to cash
in for three years.
HEALTHCARE GIANT GHG IN TALKS WITH LENDERS
Lenders to private health firm General Healthcare Group, led
by Barclays, Mizuho and Germany's
Pfandbriefbank, have appointed advisers from Lazard and
PricewaterhouseCoopers to explore options over 2 billion pounds
of debt due in October. GHG was bought in 2006 by a consortium
comprising Apax Partners, Brockton Capital, London & Regional
Properties and Netcare.
CANADIAN PENSION FUND POISED FOR WIND FARM STAKE
Caisse de Depot et Placement du Quebec, the $159
billion Canadian pension fund, is close to buying a 500 million
pounds stake in London Array, the world's largest offshore wind
farm. Danish Power group Dong Energy, which led the 2 billion
pounds development, hired Citi to sell half its 50 percent
WHEELCHAIR MAKER IN 80 MLN STG SALE
The owners of Medequip Assistive Technology are working with
advisers at corporate finance firm Clearwater to find a buyer
for the firm, touting an asking price of about 80 million
pounds. A number of private equity firms are said to be
BUMI CHAIRMAN CALLS CITY POLICE OVER HACKING
The Chairman of miner Bumi has filed a complaint
with City of London Police, the Serious Fraud Office and Serious
Organised Crime Agency over targeted hacking of his email. Samin
Tan sent police a report that claims to provide evidence of a
'malicious and targeted attack to steal electronic information.'
BARCLAYS TO SHUT TAX UNIT
Barclays will close its structured capital markets
business which advised companies on how to reduce their tax
bills, as part of a strategic review driven by new boss Antony
EASYJET FOUNDER TO VOTE AGAINST RE-ELECTION OF CHAIRMAN
Stelios Haji-Iaonnou, founder and owner of 36 percent of
budget airline EasyJet will vote against the re-election
of chairman Mike Rake and against the board's remuneration
report at the company's shareholder meeting on February 21.
QATAR CHIEF JOINS HEATHROW BOARD
The head of Qatar Airways, Akbar Al Baker, has joined the
board of Heathrow Airport Holdings as a non executive director
to represent sovereign wealth fund Qatar Holding which bought 20
percent in the airport conglomerate last October.
PROBE PLANNED ON BANK INFORMATION SHARING
British data regulator, the Information Commissioner's
Office, will examine a complaint that banks and finance firms
are compiling and sharing files that may contain 'unproven
allegations' about small business clients.
BURGER CHAIN VALUED AT 120 MLN STG
Advisers on the sale of hamburger chain Byron are telling
potential buyers the business is worth as much as 120 million
pounds based on recent results. DC Advisory is leading the sale
for current owners Gondola Holdings.
PRET A MANGER OWNER LOOKS FOR REFINANCING INSTEAD OF IPO
Private equity firm Bridgepoint which owns Pret a
Manger is likely to extend its ownership and raise cash for
expansion rather than pursue an initial public offering.
STANCHART PLANS PUSH INTO IRAQ
Standard Chartered will apply to Iraqi regulators
for permission to open three business branches in Baghdad, Basra
and Erbil as oil majors and development companies demand greater
financial services support in the country.
Independent on Sunday
MAN GROUP HIRES KPMG AS INTERNAL AUDITOR
Hedge fund firm Man Group has appointed KPMG as its
internal auditor to review governance in the wake of a
shareholder revolt last May.
The Zambian sugar producing subsidiary of Associated British
foods paid less than 0.5 percent of $123 million pre tax
profits in corporation tax between 2007 and 2012, according to
($1 = 0.6315 British pounds)
(Compiled by Chris Vellacott; Editing by Elaine Hardcastle)
Keywords: PRESS DIGEST/BRITISH BUSINESS
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