Lufthansa warning hits shares at IAG September 20, 2011 SHARES in British Airways parent IAG fell 2.9 per cent yesterday after rival Lufthansa issued a profit warning. Germany’s Lufthansa, which is looking to sell its British-based BMI airline, said a weaker than expected August had dented operating profits, which are no longer expected to beat last year’s figure of €876m (£762m). The firm also [...]
Barclays Capital notches up a new broking client September 5, 2011 BARCLAYS Capital yesterday won another brokership, continuing its strategy of expanding its UK equities business. BarCap will now be joint broker to Yule Catto, the speciality chemicals manufacturer, alongside Collins Stewart. The investment bank has been pushing its broking business in an attempt to forge relationships with big UK clients and has already won mandates [...]
CITY MOVES | WHO’S SWITCHING JOBS October 4, 2011 PwC Andrew Sentance has been appointed as a senior economic adviser at PwC, following his retirement as a member of the Bank of England’s Monetary Policy Committee, effective from 7 November. Prior to serving on the MPC from October 2006 to May 2011, Sentance’s roles included director of economic affairs at the CBI, director of [...]
How Boisdale owner fell hard for Jamaica October 5, 2011 I HAD never been particularly desperate to visit Jamaica despite its proximity to Cuba – to which I am a frequent and enthusiastic visitor. In truth I imagined it to be overrun with tourists and relatively hostile. What I encountered, though, was completely different to what I had imagined. I certainly cannot claim to be [...]
A great night celebrating success in the City September 21, 2011 LAST night was an occasion to remember: City A.M.’s annual awards celebrating the best and brightest of London’s business, financial and investment communities. Over 500 guests from dozens of the City’s leading firms attended the celebration, held at the Grange Hotel in St Paul’s. There was great food, music and company, as well as a superb [...]
CITY MOVES | WHO’S SWITCHING JOBS October 5, 2011 Victoria Private Investment Office The financial adviser and wealth management business, previously Victoria Capital, has relaunched as it aims to reach a wider market. Leading the firm’s expansion is Heather Maizels, the former head of Barclays Private Bank, who has been appointed as managing director. As an advisory board member of Barclays Wealth, which she [...]
Powder rules on the mountains of Japan February 26, 2012 SKIING in Japan has been on the radar of dedicated powder seekers for a number of years. The snow that falls upon Japan’s resorts has to be some of the best in the world; it is light, dry and very often chest deep. Now that word has leaked out about Japan’s fantastic skiing opportunities – [...]
Powder rules on the mountains of Japan February 26, 2012 SKIING in Japan has been on the radar of dedicated powder seekers for a number of years. The snow that falls upon Japan’s resorts has to be some of the best in the world; it is light, dry and very often chest deep. Now that word has leaked out about Japan’s fantastic skiing opportunities – [...]
Lufthansa mulling BMI sale after just two years September 11, 2011 ONE of Heathrow’s heaviest runway users, BMI British Midland, could be sold by its German owners after its losses widened. A Lufthansa spokesman told City A.M. the company was “exploring options, which could include a sale or partnership”. He added that the process is at “a very early stage”. BMI lost £54m in its first [...]
The former royal PR set to take charge at the IoD August 16, 2011 THE Institute of Directors has appointed Simon Walker as its next director general. Formerly chief executive officer of the British Private Equity and Venture Capital Association, Walker succeeds Miles Templeman, beginning his seven-year term in October. Walker, who brings experience from both business and political sectors, has held senior executive positions at firms such as [...]