French minister whines at new web domains June 23, 2014 THE FRENCH government yesterday attacked new domain names – such as .vin and .wine – that it says could undermine international agreements to protect the use of geographical indicators like champagne and region-specific wine names. Meanwhile, copyright disputes over the new addresses are expected to continue to soar as over 1,000 new domains are introduced [...]
Cinven clinches €510m fibre broadband move June 9, 2014 PRIVATE equity group Cinven has won a hotly contested auction to buy a Spanish fibre broadband company and take advantage of sector’s blossoming role in Europe and emerging markets. The group, based in Paternoster Square, will pay €510m (£413m) to carve out the telecoms unit of Gas Natural Fenosa, a Spanish utility company. The unit, [...]
The nominations roll in as we launch our awards June 29, 2014 It’s that time of year again – City A.M. is today launching its fifth annual awards, one of the most hotly anticipated occasions in the City calendar. The event, which celebrates those who have helped put the City of London at the centre of the world’s financial markets, will take place on 13 November at [...]
Genel and Petroceltic hope for promotion to premium market June 2, 2014 A PREMIUM listing on the London Stock Exchange could be in closer sight for Kurdistan-focused oil companies Genel and Petroceltic, after oil from the autonomous region was shipped from Turkey into Europe for the first time late last month. City A.M. understands that Genel, which has a standard listing on London’s main market and Petroceltic, [...]
Wolfson Prize’s five shortlisted entries revealed June 4, 2014 The 2014 Wolfson Economics Prize, a competition seeking the best ideas on how to deliver a new garden city, has unveiled its five finalists. The organisers of the prize say that while the ideas shortlisted vary significantly, they all "provide valuable ideas about how best to deliver a new garden city which is visionary, economically [...]
British Land is upbeat after it outpaces rival November 13, 2013 BRITISH Land outshone its biggest rival Land Securities yesterday after the property giant reported a strong rise in rents and values across both its office and retail empire. The owner of the Cheesegrater skyscraper in the City said its net asset value (NAV) per share – a key industry measure of performance – rose 4.5 [...]
London Report: Economic data puts focus on UK housing market and growth June 9, 2014 ECONOMIC data out this week is set to shine a light on the UK’s steady return to health after the recession. The Office for National Statistics will tomorrow release April’s manufacturing data, which is forecast to show a 0.3 per cent rise in output. Construction output data – also likely to show a rise for [...]
Monitise triumph in O2 Rugby challenge May 19, 2014 HAVING ex-rugby player Alastair Lukies as your founder and counting ex-pros such as Matt Perry as employees makes for a formidable corporate rugby team, as Monitise proved by winning the O2 Touch Rugby challenge at Twickenham last week. They beat the likes of City of London Police and Santander to take the title. The winning [...]
City of London is considering car-free roads around Bank October 7, 2013 RADICAL plans to pedestrianise some roads around the Bank of England are being considered by the City of London Corporation, as it looks to cut traffic in the Square Mile and meet the demands of the area’s growing workforce. The plans, known as the Bank Area Strategy, include increasing the areas for pedestrians, making roads [...]
Neil Bruce: The SNC-Lavalin boss who snared Kentz Corp June 30, 2014 SNC-Lavalin’s resources president Neil Bruce tells Michael Bow how he helped engineer the Canadian firm’s biggest-ever takeover The Canadian giant acquiring UK group Kentz Corporation is set to save C$30m (£27.5m) in a single stroke by de-listing the FTSE 250 listed group from the London Stock Exchange. SNC-Lavalin, which is on the verge of clinching [...]