RAPID RESPONSES January 26, 2012 Data deluge Craig Drake rightly emphasises the importance of institutions making big data “work for their business” [Big industry responses are needed to big data explosion, yesterday]. Data must be seen as an asset for businesses and managed properly. If it’s not, then it just becomes a liability. The financial services industry is only now [...]
Essar boss hit by India telco probe December 21, 2011 THE CHAIRMAN of FTSE 100 oil and gas giant Essar Energy was embroiled in the Indian government’s war on corruption yesterday, announcing that he would quit his role until an investigation into his conduct is resolved. Ravi Ruia is being investigated for allegedly failing to properly disclose Essar’s full interest in Loop Telecom when it [...]
FTSE FIRM IN RACE FOR 2012 GAMES DELIVERY January 4, 2012 ANDREW Tinkler, the boss of the FTSE 250 haulage empire Stobart Group, spent a quiet Christmas at his home in Cumbria. But now he is “raring to go” in 2012, he tells The Capitalist, focusing on the £100m development of the Stobart-owned London Southend Airport, which will turn what was once Britain’s third-busiest airport – [...]
Minority shareholders need more protection December 14, 2011 I NOTED with interest Andrew Tusa’s article in City A.M. about UK listing rules [Critics of listing rules in the UK should bear in mind how the system actually works, Tuesday]. REAL CONCERNS While Andrew makes some good points about the role of the United Kingdom Listing Authority (UKLA), I am concerned that he possibly [...]
Essar Energy needs board reshuffle December 21, 2011 WHEN the London Stock Exchange tried a couple of weeks ago to reassure investors about the performance of recently floated companies, it did not dwell too long on the experience of Essar Energy, the Indian energy group that is now a component of the FTSE 100 (just). Essar Energy floated at a price of 420p in [...]
FTSE falls in light trading as heavyweights go ex-dividend February 15, 2012 BRITAIN’S top share index fell in light, choppy trade yesterday, pressured by heavyweights such as BP trading ex-dividend, and miners and broadcasters after analysts cautioned against further upside to recent sector gains. London’s blue chip index closed down 7.71 points or 0.1 per cent at 5,892.16. The FTSE 100 has barely moved outside of the [...]
Why planning laws must not damage the City June 5, 2011 IT is easy to forget that between the tall buildings and the state of the art office blocks and in amongst the fashionable bars and high-end restaurants, substantial parts of the Square Mile are hundreds of years old. But while the City of London Corporation is rightly proud of the City’s heritage and goes to [...]
We all need to show that London is open for business June 7, 2011 W E need to take seriously any concerns that firms find the UK a more difficult place in which to raise capital. There is no doubt that other financial centres have long sought to replicate London’s world leading success and, in so doing, to capture some of the market share. Should they succeed in achieving [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 7, 2012 FINANCIAL TIMES BOMBARDIER JOBS BELIEVED SAFE Workers at the UK’s last train maker are expected to hear this week that their jobs are safe, ending months of uncertainty about the future of the factory in Derby. Its owner, Bombardier, put the future of the site under review in the middle of last year, after the [...]
CITY MOVES | WHO’S SWITCHING JOBS January 4, 2012 National Savings & Investments The commercial secretary to the Treasury, Lord Sassoon, has appointed James Furse (pictured) as non-executive director on the board of National Savings & Investments. Furse joined the NS&I board on 1 January and replaces Sir John de Trafford MBE, who became NS&I’s chairman on the same date. Furse joins NS&I after [...]