FTSE levels out on better news from Beijing – London Report August 14, 2015 BRITAIN’S top index ended flat yesterday as easing concerns over China’s economy helped to offset the impact of falling oil prices and a large number of ex-dividend companies. The blue-chip FTSE 100 index closed down 2.86 points – effectively flat in percentage terms – at 6,568.33, trimming the gains seen earlier in the session and [...]
Luton Airport IPO: Owner Aena Aeropuertos gears up for jumbo market debut July 27, 2014 Europe’s biggest stock market listing this year is on the cards after the huge owner of London Luton Airport appointed a host of banks to get the firm ready for a £4bn-plus issue in November. Spanish firm Aena Aeropuertos is gearing up to become a fully-listed public company after the Spanish government announced plans to [...]
Sky shines but rates warning knocks back UK’s housebuilders – London Report July 14, 2015 BRITAIN’S top share index closed higher yesterday, with broadcaster Sky climbing after Deutsche Bank upgraded the shares and energy stocks rising as crude oil rose. The FTSE 100 index closed 0.2 per cent higher at 6,753.75 points, extending a one per cent rise on Monday when markets welcomed a Greek debt deal. Shares in Sky [...]
Royal Mail sale set for new probe July 9, 2014 The government has launched an investigation into the way it disposes of state assets like Royal Mail, ahead of a report to be published tomorrow that slams the sale of the postal business last October. Business secretary Vince Cable has appointed former Labour City minister Lord Myners to lead the probe, which will look at [...]
UK construction index surges ahead of expectations September 2, 2014 UK construction powered ahead last month, with the Purchasing Managers Index (PMI) rising above consensus expectations. August's construction PMI rose to 64 – its highest since January, and well above the consensus line of 61.5. The markets had been expecting a drop from July's level of 62.4. It is also above its average [...]
Conran feasts on profits from restaurant sale August 31, 2014 CONRAN Holdings, the design empire founded by Sir Terence Conran, has made a return to profit after selling its restaurant business last year. The company behind The Conran Shop and the design consultancy Conran & Partners, made a £6.4m profit from selling its 51 per cent stake in in D&D London, whose sites include Coq [...]
Cafe Royal: The life and times of a London institution | City A.M. December 1, 2013 FEW INSITUTIONS can boast a history as rich as this one. Such a louche and libidinous past, with so many stories playing out as some of the greatest figures of modern times drank and (occasionally) dined – scandal, intrigue and ruin just a breath away. And rarely has a place been so studied, conceptualised, remodelled, [...]
City Moves for 16 September 2014 | Who’s switching jobs September 15, 2014 Universities Superannuation Scheme The defined benefit pension scheme has appointed Jennifer Halliday as chief financial officer. She joins from Quaker Chemical Corporation, where she was global finance director. Halliday has also held senior roles at Vanguard, FMC Corporation, and Cheadle Royal Hospital. Lloyds Bank Commercial Banking Mark Burton has been appointed regional managing director of [...]
Fujifilm is in the picture as anti- flu drug is earmarked for ebola August 26, 2014 The Japanese government yesterday gave Fujifilm the go ahead to make an experimental anti-flu drug available for use on ebola patients. Favipiravir, developed by Fujifilm subsidiary Toyama Chemical, was approved as a flu treatment by Japan’s health ministry in March. It now seems to have potential applications for ebola treatment, too. Fujifilm is now involved in [...]
Tony Bevan at Ben Brown Fine Arts: The tree of life, death and the mind November 23, 2014 Painter Tony Bevan speaks ahead of his show at Ben Brown Fine Arts. Tony Bevan established a name for himself with blood-coloured self-portraits that snarled and gurned and twisted into the white of the canvas. Meeting him today, you’d be forgiven for asking, where are the devilish flared nostrils, the vast egg cranium [...]