STJ Advisors sees profits fall but looks forward to better times January 8, 2014 SPECIALIST equity capital market adviser STJ Advisors saw a drop in profits from £2.9m to £2.3m in the year to the end of March 2013, according to documents filed yesterday at Companies House. The niche firm, which advised the Royal Mail Group during the initial stages of its privatisation last year (helping it to choose [...]
M&S adds sparkle to FTSE after good corporate results – London Report November 5, 2014 BRITAIN’S top share index advanced yesterday, as reassuring corporate reports helped to counteract modest weakness in commodity-related stocks. Ahead of this week’s meetings of the Bank of England and European Central Bank and Friday’s US jobs data, the FTSE 100 finished 1.32 per cent higher at 6539.14 points. Marks & Spencer soared 9.74 per cent [...]
FTSE 100 slips again as oil prices hit energy groups – London Report December 10, 2014 Britain's main equity index fell yesterday for a third day in a row as a further drop in the price of oil hit energy stocks. The blue chip FTSE 100 index closed down by 0.5 per cent, or 29.43 points, at 6,500.04 points – its lowest closing level since early November. Following the decline [...]
FTSE gets a lift after St James’s reports results – London Report October 30, 2014 BRITAIN’S top equity index yesterday staged a late rally to recover from losses earlier in the day, with wealth management group St James’s Place outperforming after strong results. The blue-chip FTSE 100 index had been in negative territory for much of the day. The late recovery enabled the FTSE to close up by 0.2 per [...]
City names join forces for new comms agency December 1, 2013 THE FORMER PR chief of Royal Bank of Scotland (RBS) and the ex-communications director of Heathrow Airport are teaming up to launch a new communications business, it was announced yesterday. Andrew Wilson, who was head of group communications at Royal Bank of Scotland and currently at WPP, will join forces with former BAA-man Malcolm Robertson [...]
How shopping for watches online went mainstream February 6, 2014 DM London chairman David Coleridge tells us how the watch retail industry is changing with the times DAVID Coleridge has always been a man with a vision; one of those people who are ahead of the curve, a leader rather than a follower. It sounds hyperbolic but without him, in his auspices as chairman of [...]
DX Group is looking to deliver a £170m return to the stock market February 13, 2014 THE RISING confidence in equity markets has delivered another float, as parcel service DX Group seeks to raise £170m in what is set to be one of the largest initial public offerings on London’s Alternative Investment Market this year. DX, which delivers mail as well as parcels and freight, first floated in 2004 but was [...]
City landmark Royal Exchange close to being sold for £80m November 11, 2013 THE OWNERS of the Royal Exchange are understood to be close to signing a deal to sell the historic landmark next to Bank station for £80m. The Irish Bank Resolution Corporation, formed in 2011 by the merger of troubled Anglo and Irish Nationwide, hired property advisers CBRE last month to market the long leasehold in [...]
Just four commuters use Boris’ £60m Emirates Airline cable cars November 20, 2013 One of London's great white elephant projects – the Emirates Airline cable cars – were used by just four regular commuters in the week from Saturday 13 October. With a capacity of 2,500 people an hour, the link between the O2 in Greenwich and the ExCel centre at the Royal Docks operates well below that [...]
Growth creates drought of London job candidates January 8, 2014 A SKILLS squeeze is hitting London while companies across the UK are also finding it increasingly hard to find appropriate staff, a report by the Recruitment and Employment Confederation (REC) and KPMG reveals today. As the economy recovers, employers are reporting a shortage of skilled candidates for vacancies. According to the survey, the drop in availability [...]