London rises to highest close in 3 weeks on Dubai bailout December 14, 2009 BRITAIN’S top share index closed at its highest level in a week yesterday, led by banks, after Abu Dhabi bailed out Dubai with $10bn in surprise aid, with commodities stocks also notching up solid gains. The FTSE 100 closed up 53.77 points at 5,315.34, its highest close since 4 December, adding to a rise the [...]
Retreating miners offset a strong day for banking sector December 3, 2009 A retreat in mining stocks offset gains in financials from Bank of America’s decision to repay bailout funds, leaving Britain’s top share index down 0.3 per cent at yesterday’s close. The FTSE 100 shed 14.39 points to end at 5,313.00, after gaining 0.3 percent on Wednesday. Banks were the top risers with sentiment helped by [...]
Finsbury spins another healthy profits increase October 6, 2009 CADBURY’S financial public relations adviser Finsbury has increased profits despite the downturn in the economy, according to documents filed at Companies House. Profits have reached £8.8m against £8.75m last year and founder Roland Rudd has seen his pay package reach £2.9m against £2.25m the year before. Rudd, a former financial journalist with the Financial Times, [...]
FOOTBALL-CRAZY PWC GETS STUCK IN ON ENGLAND’S WORLD CUP BID October 28, 2009 GOOD news for the multitude of football fans in the City: the team behind England’s bid to host the 2018 FIFA World Cup have secured themselves a powerful ally. PricewaterhouseCoopers, the accountancy giant, today announces it is the first sponsor to officially back the bid, responsible for working on crucial aspects of the proposal such [...]
CITY VIEWS: ARE YOU WORRIED THAT HOUSE PRICES COULD SOAR OUT OF CONTROL AGAIN? October 6, 2009 TONY DOONA CARILLION“I don’t believe they will get out of control, in fact I think they’re more likely to go down again. There’s a shortage of cash in general and it’ll be no better next year. There’s no construction going on, simply because no one has any money. I can’t see the government doing anything [...]
RBSset to appoint new non-executive directors as it looks to beef up board October 1, 2009 ROYALBANKOF SCOTLAND (RBS) is set to announce that two new independent directors are joining its board today, as it seeks to improve its capital position. The appointment of Philip Scott, ex-finance director at insurer Aviva, and Penny Hughes, who was head of UK and Ireland for Coca-Cola, into non-executive positions is expected today. The move [...]
THE LONDON REPORT November 4, 2009 LONDON’S leading shares ended 1.4 per cent higher yesterday, boosted by a rebound from miners and banks, with retailers Next and Marks & Spencer also higher after posting forecast-beating figures. At the close, the FTSE 100 was up 70.68 points at 5,107.89, recouping all of Tuesday’s losses when the index fell 1.3 per cent to [...]
City discrimination claims surge as recession bites November 4, 2009 SEX and the City. Why is it that the phrase slips so easily off the tongue? Long before Candace Bushnell wrote her tales of single women in New York, the words were a regular feature in newspapers, frequently entwined like so many bonking bankers. As Aviva boss Andrew Moss tries hard to shift the focus [...]
Adidas looks to 2010 for a sales upturn November 4, 2009 SEX and the City. Why is it that the phrase slips so easily off the tongue? Long before Candace Bushnell wrote her tales of single women in New York, the words were a regular feature in newspapers, frequently entwined like so many bonking bankers. As Aviva boss Andrew Moss tries hard to shift the focus [...]
CITY MOVES WHO’S SWITCHING JOBS November 1, 2009 GrosvenorThe property group’s Britain and Ireland business has appointed Heather Rabbatts as a non-executive director.Rabbatts is also currently a non-executive at Crossrail, Shed Media and Millwall Holdings, where she was also previously chief executive. She has previously held positions as a non-executive at the Bank of England, a trustee of the British Council and governor [...]