Smart materials: Why the future face of manufacturing matters to investors February 16, 2015 The traditional resources services sector had a challenging year in 2014. While growth rates have trended positively in most parts of the world, resources equities and commodity prices, including oil and gold, declined because of uncertainties and increased supply. Longer term, population growth and demographic shifts will alter consumption patterns and place additional strain on [...]
Balfour Beatty developing the Olympic Village March 2, 2015 BUILDER Balfour Beatty will move into property development with a deal to construct 1,500 homes at two new neighbourhoods at the Olympic Village site. Balfour has agreed to put in half of the equity required to complete the project – about £35m – and carry out the building work, which is expected to generate £400m [...]
Consumer loan veterans plan sector shakeup February 5, 2015 A former boss of Provident Financial is joining with a series of other consumer loan veterans in a bid to shake up the sector, parts of which are struggling due to much tougher regulation. John van Kuffeler plans to raise £100m to launch Non-Standard Finance (NSF), a shell business which will buy a series of consumer loan [...]
Pro-business Labour candidates? Blairite Liz Kendall may be Labour’s best bet at winning back business confidence May 21, 2015 With candidates lining up to take over Ed Miliband as the new Labour leader, divisions in the party are appearing as it digests the General Election. In the postmortem of Labour’s election defeat, many are arguing that it was the party's lack of an aspirational message and its perceived anti-business stance that put off voters. [...]
Building societies turn against tide of finance regulation December 15, 2014 MUTUAL lenders have been favoured by politicians since banks led the way into the financial crisis, but a study yesterday showed almost every building society boss felt the sector was being harmed by red tape. The result is that innovation and diversification are being crushed, preventing the sector from making improvements which could help customers [...]
Thomas Cook share price soars after Chinese Conglomerate Fosun International takes five per cent stake March 6, 2015 Thomas Cook's share price soared today after Chinese billionaire Guo Guangchang took a five per cent stake. The tour operator, which staged a marked turnaround after nearly collapsing in 2011, surged 16.2 per cent to 140p per share in early morning trade. The company's shares have risen 9.5 per cent so far this year. Guangchang's conglomerate Fosun [...]
Manufacturers want Heathrow expansion plan January 29, 2015 HEATHROW’S bid to build a third runway received a boost this morning after a leading business group added support for the plan just days before a consultation on airport expansion options closes. EEF, the manufacturers’ organisation, conducted a survey that reveals 80 per cent of companies surveyed back expansion of Heathrow over rival Gatwick. The [...]
ESA races ahead in space travel with Europe’s first space taxi launch February 9, 2015 Until its Space Shuttle programme was closed down in 2007, the US was the dominant force in the development of space taxis. Operated by Nasa, the 40-metre-long vehicles delivered satellites into space, conducted science experiments in orbit and helped construct the International Space Station. At the time, Europe had created nothing capable of [...]
WPP’s Sir Martin Sorrell slams critics of his pay deals March 9, 2015 WPP boss Sir Martin Sorrell hit back at criticism that his remuneration was excessive yesterday, saying that if you personally risked investing in and building a business from scratch to the global leadership position in its sector it would be only natural to be rewarded for it Sorrell, who saw off a shareholder revolt over [...]
Aggregates firm CRH lifts FTSE as oil drama goes on – London Report February 2, 2015 Irish building supplies groups CRH offset a drop in airlines after Ryanair warned on its profit outlook to push the FTSE index higher yesterday. Shares in CRH, one of the top gainers in the FTSE 100 index , rose 7.2 per cent after the company said it had agreed to pay €6.5bn (£4.9bn) for assets [...]