FTSE bounces four per cent as hope for euro plan grows September 27, 2011 BRITAIN’S top share index gained strongly yesterday, posting its biggest one-day percentage gain for 16 months, boosted by a rally from commodity stocks and advances by banks on increased hopes that European leaders will take decisive action to alleviate the region’s debt crisis encouraged investors. Banking stocks, among the most sensitive to the twists in [...]
CITY MOVES | WHO’S SWITCHING JOBS September 25, 2011 West Pioneer Properties The developer and operator of shopping centres and mixed use developments in west and south India has appointed Chris Hough as a non-executive director. Hough, 52, has a career spanning 34 years, both in the UK and overseas. Hough has worked on the Broadgate development and the Imperial War Museum, and has [...]
ALSO OUT THIS WEEK FILMS, MUSIC, GAMES September 15, 2011 FILM 30 MINUTES OR LESS Action comedy with Jesse Eisenberg and Danny McBride. I DON’T KNOW HOW SHE DOES IT SJP stars in this film about a woman who juggles it all. ATROCIOUS Properly scary Spanish horror, made in the style of the Blair Witch Project. DVD PIRATES OF THE CARIBBEAN: ON STRANGER TIDES Absolute [...]
UK consumer price inflation reaches 4.5pc September 13, 2011 SOARING inflation continued its rise through August, figures from the Office for National Statistics revealed yesterday. Consumer Price Index (CPI) inflation hit 4.5 per cent over the last 12 months, well on its way to breaking the five per cent level. The Bank of England expects it to peak at above five per cent by [...]
Byrne boosts Omega with £50m stake September 12, 2011 TAKEOVER target Omega Insurance received a vote of confidence from one of its numerous potential buyers yesterday as insurance scion Mark Byrne tabled an informal offer to buy a 25 per cent stake for £50m. Shares in the Lloyd’s insurer closed up 7.6 per cent as investors saw the offer as a vote of confidence [...]
Byrne boosts Omega with £50m stake September 12, 2011 TAKEOVER target Omega Insurance received a vote of confidence from one of its numerous potential buyers yesterday as insurance scion Mark Byrne tabled an informal offer to buy a 25 per cent stake for £50m. Shares in the Lloyd’s insurer closed up 7.6 per cent as investors saw the offer as a vote of confidence [...]
Spurs stadium appeal goes into extra time August 24, 2011 THE BATTLE for the Olympic Stadium has been thrown open again after Tottenham succeeded with an appeal for a judicial review of the decision to award the venue to West Ham. A High Court judge yesterday ruled Tottenham and Leyton Orient, who are co-applicants, had an “arguable” case for a review, which could annul the [...]
CITY MOVES | WHO’S SWITCHING JOBS August 24, 2011 Neuberger Berman The independent asset management firm has appointed Joseph Mukungu to the newly created role of senior vice president, head of client services for Europe and Middle East. Mukungu will manage the team based in Europe responsible for advising Neuberger Berman’s expanding client base outside the US. Mukungu joins from JO Hambro Capital Management, [...]
Fabregas: Wenger still right man for Gunners August 15, 2011 AN EMOTIONAL Cesc Fabregas hailed Arsene Wenger as “the best person I have met in football” and urged Arsenal to keep faith with their under-fire manager after completing his £35m move to Barcelona. The former Gunners captain, who yesterday ended a three-year saga by signing a five-year contract at Barca, revealed he broke down when [...]
Fabregas on verge of rejoining Barcelona August 10, 2011 ARSENAL captain Cesc Fabregas is expected to be confirmed as a Barcelona player by the weekend, thereby ending the summer’s longest running transfer saga. The Gunners are set to receive a fee of around £35m for the Spaniard (right), who joined the club as a 16-year-old eight years ago from the current European champions, and [...]