Get a lunchtime appetite for running in the #4miler August 1, 2010 EVER thought about upping your fitness levels but just can’t find enough hours in the day? Well, here is an initiative just for you. City.A.M have teamed up with Garmin, leaders in satellite navigation, to bring you the #4miler – giving City workers the chance to reclaim their lunch hours by keeping fit in a [...]
Donations drop by nearly 10 pc July 18, 2010 The austerity mindset has dented charitable donations this year, says research by Investec. Hard-up workers are giving 9.6 per cent less than a year ago, with almost a quarter admitting to reducing their donations. Londoners have dropped their donations by 9.2 per cent. People aged 34 to 44 are most reluctant to part with their [...]
CITY MOVES | WHO’S SWITCHING JOBS July 19, 2010 Matrix Group The financial services group has promoted Malcolm Le May, the chief executive of its investment banking business, to the group board. Le May took up his current role in December last year, steering the investment bank through a rapid period of expansion working with small and mid cap companies. He previously worked at [...]
Recovery will be choppy, say economists August 22, 2010 REVISIONS to second quarter GDP growth this Friday are expected to leave the headline figure unchanged at a robust 1.1 per cent. However, economists warn the breakdown of growth by expenditure could reveal some truths about the shape and duration of the recovery. Capital Economics’ Jonathan Loynes said: “The second release relating to second quarter [...]
Southern Cross says it will miss profit forecast August 9, 2010 SHARES in Southern Cross Health Care fell sharply yesterday after the care-home operator says it will miss analyst earnings forecasts for the year as public sector spending is scaled back. Shares fell 2.4 per cent in the first half-hour of trading, but pared losses to close one per cent down at 31.25p. The stock has [...]
FUND MANAGEMENT NEWS August 31, 2010 NORTHERN TRUST OPENS DOOR TO CHINA Asset manager Northern Trust announced that it has been granted permission to open a branch office in Beijing. The new office plans to support institutional clients in China with global custody, accounting, compliance and performance management services. The firm has offered services to clients in China since 2005 through [...]
Real estate group Heron wins a £115m loan facility for City flats July 20, 2010 REAL estate group Heron International has secured a £115m loan facility to finance the construction of The Heron, its residential development near the Barbican. The company said the financing is being provided by Santander, HSBC and Investec, and is the first facility for any significant speculative residential build since the credit crisis. The property giant [...]
Tribal Group receives bid approaches August 11, 2010 TRIBAL Group, which provides government outsourcing services and coordinates school inspections, saw its shares leap yesterday after confirming it had been the subject of a slew of takeover approaches. The interest is thought to have come primarily from private equity companies, with Asia-focused New Silk Route (NSR) or larger rival Capita touted as potential buyers. [...]
AANALYST VIEWS: IS BURBERRY ON A WINNING PATH? July 13, 2010 KATHARINE WYNNE | INVESTEC “The luxury sector has not done universally well, but Burberry has a lot of sales to tourists from countries like the Japan and the US (boosted by favourable exchange rates which brought more shoppers in). They also do very well with gifting. “ SAM HART | CHARLES STANLEY “Longer term prospects [...]
EARNINGS SEASON | CALENDAR August 1, 2010 Monday 2 August Xchanging – UK Thomas Cook – UK Hammerson – UK Tullett Prebon – UK HSBC – UK Intertek – UK Mouchel – UK Qinetiq – UK Berkshire Hathaway – US Warner Music Group – US Linde – Germany BNP Paribas – France Air Liquide – France Tuesday 3 August ITV – UK [...]