CHARLES STANLEY HIT FOR SIX IN HUMBLING CRICKETING DEFEAT August 21, 2011 BATTERED egos at Charles Stanley, which is still recovering from its painful cricketing defeat at the hands of Ignis Asset Management in the final of the Stockbrokers Cup. “Cricket can be a great leveller,” said Charles Stanley’s “gutted” captain Ed Clark, who brought his team to the match as the undefeated champions for the past [...]
Tate & Lyle is off to sweet start to year July 28, 2011 BRITISH sweetener and starches maker Tate & Lyle said it had made an encouraging start to the new financial year and expected another year of profitable growth amid growing demand for its speciality ingredients. The London-based group, which makes sucralose zero-calorie sweetener Splenda, was giving an update for its first quarter trading ahead of its [...]
Barratt sales hurt by lack of mortgages January 12, 2011 HOUSEBUILDER Barratt Develop-ments said sales fell 4.4 per cent in the last six months of the year, a loss the company pinned partly on the lack of mortgage lending. Chief executive Mark Clare said house sales during autumn were disappointing, as potential customers were also deterred by the government’s spending review and later by the [...]
Western Union set to buy Travelex payments unit July 3, 2011 US MONEY transfer firm Western Union is in advanced talks to buy a division of British currency exchange Travelex. Western Union, the world’s largest payment transfer company, is close to buying Travelex’s business payments unit for $1bn (£622m). Owned by private equity house Apax Partners, Travelex wants to use the proceeds from the sale to [...]
Standard Chartered boosted by commodity trading September 2, 2011 Standard Chartered expects to post a 30 per cent year-on-year growth in its commodity trading revenue in 2011 on strong demand from its clients in Asia, Africa and the Middle East, a senior company official said. The bank is also looking to expand physical trading in various commodities such as coal, iron ore, palm oil [...]
Standard Chartered boosted by commodity trading September 2, 2011 Standard Chartered expects to post a 30 per cent year-on-year growth in its commodity trading revenue in 2011 on strong demand from its clients in Asia, Africa and the Middle East, a senior company official said. The bank is also looking to expand physical trading in various commodities such as coal, iron ore, palm oil [...]
NO PLAN B GEORGE IS GQ MAN OF THE YEAR September 6, 2011 BETTER LATE than never for George Osborne’s belated fortieth birthday present from Condé Nast’s UK head Nicholas Coleridge, whose glossy magazine empire last night rewarded the chancellor for his “sheer bloody mindedness”. BBC political editor Nick Robinson presented Osborne with his Politician of the Year trophy at the GQ Men of the Year Awards at [...]
BAA mulls a fresh lawsuit in sell-off spat July 19, 2011 BAA said it is considering judicial review after the Competition Commission ruled yesterday that the airport operator must sell Stansted and Glasgow or Edinburgh airport. In its final report, the commission said that the sales process for London’s third-largest airport Stansted would start in three months’ time, and would be followed by the sale of [...]
NEWS FROM THE SHOPS June 29, 2011 CHESTER BARRIE’S OFFER FOR READERS Chester Barrie, the made to measure and ready to wear specialist with shops on Savile Row and in the City branch of House of Fraser, is offering City A.M. readers an extra 10 per cent off in its current summer sale. The offer is only available at the House of [...]
Moulton snaps up office supplies from DS Smith as part of £200m disposal July 6, 2011 VENTURE capitalist John Moulton is splashing out £40m on parts of DS Smith’s stationery and office supplies business after the firm sold the rest to Spanish firm Unipapel. Moulton’s Better Capital said its purchase of the UK and Irish business will go through once Unipapel buys up the other parts of DS Smith’s Spicers arm [...]