Commodities boost FTSE rise as China data elevates miners July 13, 2011 BRITAIN’S FTSE 100 bounced yesterday, led by commodity stocks as economic data from China and soothing words from the US Federal Reserve raised hopes that stagnation in the global economic recovery might prove short-lived. Having fallen near five per cent over the previous three days, the mining sector rallied 1.8 per cent after China’s GDP [...]
News Corp eyes F1 takeover April 19, 2011 Rupert Murdoch’s News Corp is in early talks to buy Formula One motor racing, a source confirmed to City A.M. last night. The global media firm, which is currently in the process of acquiring the shares it does not already own in British satellite broadcaster BSkyB, has hired the US bank JP Morgan to advise [...]
Markets flee risk over eurozone debt contagion July 12, 2011 Fresh fears that the eurozone sovereign debt crisis could spread to states such as Italy and Spain sent shockwaves through stock markets today. The FTSE 100 fell rapidly this morning on fears that the debt contagion could engulf Italy, which is heavily indebted with a sluggish economy. It and other European markets recovered a little [...]
Markets flee risk over eurozone debt contagion July 12, 2011 Fresh fears that the eurozone sovereign debt crisis could spread to states such as Italy and Spain sent shockwaves through stock markets today. The FTSE 100 fell rapidly this morning on fears that the debt contagion could engulf Italy, which is heavily indebted with a sluggish economy. It and other European markets recovered a little [...]
Leighton set to chair Pace May 30, 2011 UK BUSINESS veteran Allan Leighton is set to take up the chairmanship of struggling TV set-top box maker Pace over the next few days. Leighton has been lined up to replace Mike McTighe, who has been chairman since 2006. His appointment will be announced by the company this week, City A.M. can confirm. The news [...]
AMEC buys US peer to expand in North America May 18, 2011 OIL services and engineering firm AMEC has bought US industrial peer MACTEC for $280m (£173m) as it looks to expand its presence in North America. The British company bought the environmental services firm from its private equity backers in a cash deal. Georgia-based MACTEC has some 2,600 employees and 70 offices across the east coast [...]
AMEC buys US peer to expand in North America May 18, 2011 OIL services and engineering firm AMEC has bought US industrial peer MACTEC for $280m (£173m) as it looks to expand its presence in North America. The British company bought the environmental services firm from its private equity backers in a cash deal. Georgia-based MACTEC has some 2,600 employees and 70 offices across the east coast [...]
ENTREPRENEUR OF THE YEAR June 20, 2011 ENTREPRENEURSHIP has hogged the political limelight over the last year. David Cameron called on the nation’s “doers and grafters” to “roll up their sleeves” and fix our broken economy. The companies on our list have been pushing ahead, creating the jobs and wealth we desperately need. We are all the winners from their enterprise. We’ve [...]
A journey to the promised land of New World wine October 16, 2011 It was a few years ago, on an evening near Christmas in a neon-lit office boardroom, that I set my heart on South African wine. Until that night, I’d floundered when faced with supermarket wine sections and restaurant lists. Nothing tasted worth the money. And yet wine played an almost daily role in my life. [...]
FTSE tumbles to three-month closing low on energy worries June 23, 2011 MINERS and energy stocks were the worst hit members of Britain’s sharply lower FTSE 100 index yesterday, hit by heightened fears of a slowdown in global growth. The FTSE 100 ended down 98.61 points, or 1.7 per cent, at 5,674.38, its lowest close since 16 March when markets were plunging in the immediate aftermath of [...]