Inmarsat: The London firm leading the race into outer space July 21, 2014 Inmarsat boss Rupert Pearce explains the firm’s mission. Walking past Inmarsat’s imposing head office on Old Street roundabout is probably the closest the average Londoner will ever come to travelling through space. Inmarsat oversees 11 satellites in orbit. The 35-year-old company is light years ahead of the government’s proposal, unveiled last week, to [...]
The rise of 4G: How faster mobile communications could help smaller businesses drive growth June 4, 2014 TECHNOLOGICAL advances are transforming the modern workplace. But few developments have the potential to disrupt the way we work and behave as consumers as much as 4G. It may sound simple: a “fourth generation” of mobile communication, the next step in wireless broadband that looks set to speed up the 3G signal we’re all familiar [...]
Inside the £12m penthouse April 10, 2014 Take a tour of one of the City’s most exclusive new addresses HIGH atop the City of London, towering over Moorgate station, neighbouring Linklaters, London Wall and The Barbican, sits the first major residential development to be built in the City of London for three decades. As such, the developer behind The Heron – not [...]
Shareholders to vote on bosses’ pay across EU April 9, 2014 SHAREHOLDERS across the EU will get more power over executives’ pay packages, after the European Commission backed rules for a binding vote on remuneration. The move brings the rest of the EU more closely in line with British practices – in the UK, investors were given a legal say on pay last year. Listed companies [...]
Sandell pushes again for First to sell US units January 15, 2014 FIRSTGROUP came under fresh pressure to sell its US businesses yesterday, as activist hedge fund Sandell set out details of its preferred shake-up plan. Sandell produced a “white paper” urging First to dispose of its American student transit unit, with First’s own investors highlighted as potential new owners, before getting rid of coach operator Greyhound. [...]
Management shake-up at DLA Piper sees Knowles take chair February 4, 2014 CITY law firm DLA Piper yesterday announced that global co-chairman Tony Angel will step aside next year after just one term in the role, to be replaced by co-chief executive and managing partner Sir Nigel Knowles from January next year. Knowles will be joined at the top by Roger Meltzer, the firm’s dickie-bow sporting co-chair of [...]
Management shake-up see Knowles made co-chair of DLA Piper February 4, 2014 All change at DLA Piper. The UK-headquartered law firm has announced that global co-chairman Tony Angel will step aside next year after just one term in the role, to be replaced by co-chief executive and managing partner Sir Nigel Knowles from May next year. Knowles will be joined at the top by Roger Meltzer, the [...]
Game’s court case sees “pay as you stay” introduced February 24, 2014 The Court of Appeal has made a big change to the way retail administrations are handled, deciding that landlords should be paid even when the company has collapsed just after receiving a rent bill. The test case involved Game Group, which filed for administration the day after its quarterly rent was due in March 2012, [...]
Essar investors are bristling at 70p price of sell-off February 17, 2014 SHARES in Essar Energy lingered below Essar Global Fund’s takeover price yesterday, as a second minority investor hit out over the plan to take the embattled power firm off the London market. Essar closed at 68.15p, a rise of more than three per cent but under the 70p that EGF is offering for the 22 [...]
Cement giants outline £25bn merger April 7, 2014 THE WORLD’S two largest cement companies yesterday confirmed their plans to merge, outlining £4bn of divestments in an attempt to assuage competition concerns. France’s Lafarge and Swiss firm Holcim unveiled a share-for-share deal, which would create a self-proclaimed “merger of equals” with sales of €32bn (£26.5bn) and core earnings of €6.5bn. Bruno Lafont, chairman and [...]