UBS takes bruising; Scurrah back in dri ver’s seat; Gresham’s Hoyts ticket

Good evening,

Ding, ding!

The dust has settled on round one – dubbed Bloody Monday – of Swiss bank UBS’ fight with rival investment bank Barrenjoey Capital Partners.

Resignations flowed thick and fast on Monday morning, and about a dozen analysts and one banker had headed for the exit by lunchtime.

Tonight, we take a look at the wash-up from Monday – and conclude that although UBS might be bruised, it won the first-round skirmish.

Elsewhere, we’ve got the scoop on where ex-Virgin Australia chief executive Paul Scurrah is popping up next – he’s traded planes for trains.

Finally, Gresham Partners’ debt advisory team has been called in at cinema chain Hoyts, and any grey nomad readers will like this next IPO.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors