Hints and tips:
...Remember when Robert Peston, then of the BBC, told us all that high-street lender Northern Rock was receiving Lender of Last Resort support?...
...Starboard’s slate is more diverse than the five men appointed by Mr Icahn: Pauline Brown, Gerardo Lopez, Bridget Ryan Berman and Robert Steele....
...robert.shrimsley@ft.com; Twitter: @robertshrimsley Illustration by Lucas Varela...
...(£16) Moulis •Branas Grand Poujeaux (£21)•Dutruch Grand Poujeaux (£13)•Mauvesin Barton (£11) Pessac-Léognan •La Garde (£17)•Le Pape (£21) St-Estèphe •Le Boscq (£19)•Capbern (£15)•Clauzet (£14)•Le Crock...
...We picked up such a crock of shit,” says Wells. While Farage talked about taking on the establishment, the council put up parking fees to make up for central government cuts....
...Older people were often described as “crocks”. In 1968, residents of his neighbourhood protested against a plan to provide housing for the elderly....
...For investors it’s actually much worse, since, unlike the Crock, B&B does not have a couple of reckless hedge funds trying to arbitrage what they thought was a government guarantee for shareholders as well...
...Blind, if necessary On Thursday the BBC’s Robert Peston reported that there would be no new bidders for the Rock – it was a two horse race between Olivant and Virgin....
...The daily chat with FT Alphaville editor Paul Murphy and Neil Hume or Robert Orr from the FT’s London markets team begins at 11am, London time....
...Intriguing stuff on Robert Peston’s blog at the BBC on Monday: the penalty charges associated with the Bank of England lifeboat funding to Northern Rock are apparently being rolled up into a five year subordinated...
...On the list for discussion: Sainsbury, Mitchells & Butler, Burren Energy, Tui, Crock and Minvera – plus many others....
...Also on the chat list: the miners, Crock, Northern Foods and a strange little speculation called Zamano....
...There’s the Crock of course. And a real wreck company. Join the discussion at 11am today....
...If they thought the Rock — or Northern Crock as it’s been dubbed in the markets — was an intrinsically bad bank, they would not have agreed to rescue it by providing emergency funding....
...And, of course, the regular Crock report....
...Or Northern Crock, as the mortgage bank is now being referred to. Unjust? Get the FT Alphaville view at 11am....
...the Alliance Boots merger and the group’s strategy, has always said that there is no secret cache of value inside the company, to be revealed only after shareholders have handed him and Kohlberg Kravis Roberts...
...But Robert Bayer, executive director of the Lobster Institute at the University of Maine, dismissed that notion. “Lobsters are primitive animals. They have no brain....
...Yet George Roberts, co-founder of buy-out pioneer Kohlberg Kravis Roberts, told the FTlast week he expected KKR to continue generating returns of 500 to 700 basis points above the S&P 500 index....
...“It can either end up with a crock of cash, or, taking in the passing of the preference dividend as something other than positive, very little!”...
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