News

Companies planning to list on the London Stock Exchange were handed a reality check yesterday as investors turned their backs on three of the newest entrants to the market.

Hands' nemesis takes the stand in EMI trial

The banker accused of betraying private equity kingpin Guy Hands over the purchase of EMI took to the stand to defend his integrity last night, saying he had always been as truthful and honest as he could.

Seen at last – the shadowy figure at the heart of £7bn EMI feud

Elusive Citigroup financier David Wormsley appears in court

On the record: ‘friends’ who fell out in £4bn EMI feud meet again in court

EMI boss and Citigroup financier in Manhattan court over £4bn deal that went sour

Terra Firma to get trial over EMI deal

Guy Hands' Terra Firma can proceed to trial against Citigroup in their dispute over Terra's 2007 acquisition of the music group EMI, a US federal judge ruled late on Tuesday night.

The business on...Guy Hands, Founder, Terra Firma

Hello, Goodbye

Hello Guy Hands, the private equity investor, who founded Terra Firma in 2002 after a stellar career at Goldman Sachs and Nomura, where he made his fortune. And goodbye EMI, Terra Firma's most troublesome investment – if the private equity company doesn't come up with £105m by Monday, it will lose control of the music company, best known as the home of the Beatles.

Change of tune at EMI

Guy Hands' Terra Firma has endured a torrid time since its acquisition of EMI. Now it is changing its management. Nick Clark reports

Business Diary: 11/02/2010

Hands keeps quiet at Super Return

It seems a long time since the private equity industry's finest were flocking to the industry's annual jamboree, the Super Return conference.

Out-of-tune EMI posts £1.03bn losses

EMI, the music group owned by private equity firm Terra Firma, was hit by an operating loss of £1.03bn last year and today admitted it was in danger of breaching its banking covenants.

Watch this face! Movers and shakers for 2010

Will the world pull out of its turmoil? Or plunge into a double-dip recession? We pick 10 people who, this year, might just be able to influence our future.

Shanks put up for sale after Carlyle offers £536m

Shanks yesterday told potential suitors that an offer of 150p a share would be enough to buy the waste management group. The move came after the US private equity firm Carlyle approached shareholders with a bid valuing the company at £536m, the equivalent of only 135p a share.

Novera rejects new £109m bid from Guy Hands

The board of Novera Energy, an Aim-listed renewable energy group, rejected a second approach for the company run by private equity giant Guy Hands yesterday.

Hands buys into US green boom with $350m EverPower wind deal

The private equity tycoon Guy Hands has bought the US green energy group EverPower Wind Holdings in a deal understood to be worth $350m (£216m).

Hands resigns from top job at Terra Firma

The end of an era beckoned at the London-based buyout firm Terra Firma yesterday when the owner of the music company EMI announced that its founder and head, Guy Hands, will step down from the post of chief executive. Mr Hands, 49, will retain the roles of chief investment officer and the chairmanship of the company.

Credit crisis diary: Leaving the White House in the red

President George Bush is on course for a notable – or should that be notorious? – achievement. Barring a dramatic stock market recovery over the next couple of months, he is set to become the first two-term US president since Woodrow Wilson almost 90 years ago to leave office with the Dow Jones index standing at a lower level than when he was sworn in – 11 per cent lower than in January 2001.

Mick Jagger: Sympathy for the old devil

The grand old dinosaur of rock becomes eligible for his bus-pass today. Unlike many of his contemporaries, he remains as hard-headed and driven as ever. John Walsh marvels at a national treasure
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Day In a Page

Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
South Africa
Spain
Prices correct as of 19 December 2014
A timely reminder of the bloody anniversary we all forgot

A timely reminder of the bloody anniversary we all forgot

Who remembers that this week we enter the 150th anniversary year of the end of the American Civil War, asks Robert Fisk
Homeless Veterans appeal: Former soldiers pay their respects to a friend who also served

Homeless Veterans appeal

Former soldiers pay their respects to a friend who also served
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing

Scarred by the bell

The downfall of the TV star charged with bar stabbing
Why 2014 was a year of technological let-downs

Why 2014 was a year of technological let-downs

Security breaches and overhyped start-ups dominated a year in which very little changed (save the size of your phone)
Cuba's golf revolution: But will the revolutionary nation take 'bourgeois' game to its heart?

Will revolutionary Cuba take 'bourgeois' golf to its heart?

Fidel Castro ridiculed the game – but now investment in leisure resort projects is welcome
The Locked Room Mysteries: As a new collection of the genre’s best is published, its editor Otto Penzler explains the rules of engagement

The Locked Room Mysteries

As a new collection of the genre’s best is published, its editor explains the rules of engagement
Amy Adams on playing painter Margaret Keane in Tim Burton's Big Eyes

How I made myself Keane

Amy Adams hadn’t wanted to take the role of artist Margaret Keane, because she’d had enough of playing victims. But then she had a daughter, and saw the painter in a new light
Ed Richards: Parting view of Ofcom chief. . . we hate jokes on the disabled

Parting view of Ofcom chief... we hate jokes on the disabled

Bad language once got TV viewers irate, inciting calls to broadcasting switchboards. But now there is a worse offender, says retiring head of the media watchdog, Ed Richards
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Wear in review

A look back at fashion in 2014
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Ian Herbert: My 10 hopes for sport in 2015

Might just one of them happen?
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The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
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'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
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Revealed: the best and worst airlines for delays

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Disaster looming? Now you know where to head...

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