Banks and miners lead FTSE lower June 8, 2012 Miners and banks led the FTSE down in early trading as investors shunned riskier assets and ran for cover as global economic growth stutters. The fall tracked losses on Wall Street yesterday and Asia overnight despite an initial boost after China cut its interest rates in an attempt to accelerate its growth. But US Federal [...]
Berkshire Hathaway piles into US stocks despite market dip May 7, 2012 BERKSHIRE Hathaway is adding to its shareholdings of two US companies amid a market dip, billionaire investor Warren Buffett said yesterday. Buffett, Berkshire’s controlling shareholder, also forecast record results this year for Berkshire’s largest non-insurance businesses, among them railroad BNSF and utility MidAmerican. Berkshire class B shares led the insurance sector to close 1.9 per [...]
PERSONALITY OF THE YEAR July 29, 2012 TODAY we kick off the countdown to the City A.M. Awards with the first of the shortlists – for Personality of the Year. Our awards, now in their third year, have established themselves as a key part of the business calendar, celebrating all of the City’s main sectors and the people that make sure London [...]
Murray’s on Tsong ahead of semi-final showdown July 4, 2012 BRITISH No1 Andy Murray has admitted he will have to be at his best if he is to advance beyond France’s Jo-Wilfried Tsonga to reach the final at Wimbledon for the first time in his career. World no5 David Ferrer had already yesterday forced Murray to perform to the peak of his powers during his [...]
Eurozone concerns and football bid war keep FTSE pinned back June 14, 2012 The FTSE 100 fell back in early trading, reversing the previous session’s gains, with Eurozone concerns dominating after Spain’s debt rating was downgraded and Italy faces up to a crucial bond auction. Last night credit ratings agency Moody’s slashed its rating on Spanish government debt by three notches to ‘Baa3’ from ‘A3’, saying the newly-approved [...]
Ivell takes on a new exec role at M&B October 27, 2011 BOB IVELL was yesterday confirmed as executive chairman of Mitchells & Butlers as interim chief executive Jeremy Blood stepped down, following a bruising period when largest shareholder Joe Lewis made an aborted takeover attempt. The shake-up brings the number of board-level changes in the last four years to nine, with six chairmen and three chief [...]
Tata Steel to invest £800m in Wales April 15, 2012 Hundreds of millions of pounds is to be invested in the Welsh steel industry over the next five years. The first minister of Wales returned from a trade mission to India and announced that steel giant Tata plans to invest £800m in Wales. Carwyn Jones met the vice chairman of Tata Steel, Mr B Muthuraman, [...]
Oodles of cash: no wonder Murdoch wanted to buy May 2, 2012 SO that’s what all the fuss was about. Anyone wondering why Rupert Murdoch wanted to buy BSkyB outright, and why he will not sell down his 39 per cent stake without a fight, need only look at the satellite broadcaster’s third quarter results. Although the 15,000 new TV subscribers added in the quarter is nothing [...]
FSA considers News Corp bid emails probe April 25, 2012 The Financial Services Authority could look into emails sent by Jeremy Hunt’s office to News Corp in relation to possible market abuse. The culture secretary’s staff appear to have given News Corp executives advance warning of Hunt’s decision to give the firm more time to alter its ill-fated bid for BSkyB last year. The FSA [...]
Hunt pleads ignorance over his office’s News Corp emails April 25, 2012 CULTURE secretary Jeremy Hunt took to the floor of the Commons to fight for his political life yesterday, pleading ignorance of the emails that show his department’s apparent closeness with News Corp. Hunt said his special adviser Adam Smith had “unintentionally overstepped the mark” in his frequent emails, calls and texts with top News Corp [...]