CITY MOVES | WHO’S SWITCHING JOBS June 14, 2012 iCon Infrastructure Iain Macleod has been appointed as a partner at the investment firm, effective July 2012. He joins iCon’s private institutional European infrastructure team from Deutsche Bank, where he served as head of transportation and infrastructure for Europe, Middle East and Africa, and head of mergers and acquisitions for Asia. International Standard Asset Management [...]
China’s manufacturers turn to Europe for innovation March 18, 2012 CHINESE manufacturers are set to snap up a series of firms in Europe as they try to fast-track innovation and development, according to research published today. Large and medium-sized industrial firms in the emerging market economy are mulling more mergers and acquisitions, according to business advisory firm Deloitte. More than half of the senior executives [...]
London leads UK recovery, but large retailers drag on growth April 9, 2012 THE ECONOMY is growing once more – and London led the recovery in the first quarter, influential survey data showed yesterday. However, other indicators pointed to weakness in some parts of the UK, with increasing numbers of retailers entering administration in the first three months of the year. Every English region except the north east [...]
G4S boss: Healing rifts over ISS will take time June 7, 2012 SECURITY group G4S is still trying to heal the rift with shareholders caused by its failed £5.2bn tie-up with ISS, its chief executive has admitted. Nick Buckles said the mega-merger, abandoned in the teeth of opposition from major investors, had been a victim of the “shareholder autumn”. Buckles faced questions at the firm’s annual general [...]
Canada’s Mercom Oil Sands set for £32m float on London’s Aim May 27, 2012 CANADIAN oil exploration company Mercom Oil Sands said it has raised £3.35m through the issue of new shares ahead of its flotation on the Alternative Investment Market tomorrow. The company, which was founded earlier this year to buy and develop oil sands properties in Canada, said it has sold 33.5m shares at a price of [...]
AIM listings dominated by mining April 22, 2012 Nine companies listed on London’s Alternative Investment Market in the first three months of 2012 – an increase of one company compared to the same time last year, but with 30 per cent less money raised. The figure fell from £67m to £46.9m, according to analysis by Deloitte. In the first quarter 25 companies also [...]
CITY MOVES WHO’S SWITCHING JOBS June 5, 2012 VAT Consultancy The VAT and customs duty advice firm has appointed Julie Park (right) as its new managing director, responsible for the daily running of the business and corporate expansion. Park is a former director at Deloitte and will work alongside VAT director Steve McIntyre. RSM Tenon Tim Ingram has been appointed as chairman at [...]
CITY MOVES | WHO’S SWITCHING JOBS June 11, 2012 Bellzone Mining The resource development company has appointed Glenn Baldwin as its next chief executive, effective 3 September. He joins from Consolidated Minerals, where he has been chief executive since September 2010, and replaces Nik Zuks. Baldwin has previously held senior roles at Gold Fields, Ivanhoe Nickel and Platinum, Southern Era Diamonds and Anglo American. [...]
Pensions deficits set to soar on Solvency II-style EU regulations March 25, 2012 BRITAIN’S largest companies face paying billions more into pension schemes to cover the costs imposed by planned new EU regulations, a study revealed today. The average FTSE100 firm could see its pension liabilities rise by up to £2.5bn, Deloitte said, as three-quarters of those surveyed said gross liabilities will rise by between 20 per cent [...]
Euro’s deluded alchemists were chasing fool’s gold all along June 25, 2012 WHAT is most upsetting about the Eurozone project is that it was based on a giant lie, one all too familiar in other contexts across the wealthy Western world. Europeans were told that they would be able to stay rich without having to work harder or change their ways: the single currency was meant to [...]