Brewin Dolphin hit by new FSA adviser rules January 31, 2013 BREWIN Dolphin, the 250-year old investment manager, yesterday said quarterly revenues shrank five per cent in the three months to the end of 2012 due to new payment rules from the City watchdog. The firm, which traces its roots back to London’s first ever stock exchange, enjoyed good revenue increases annually but was hit in [...]
City Airport’s boss on why London’s future is in the east January 27, 2013 FOR A man whose airport was closed by almost half a foot of snow just days ago, Declan Collier was remarkably upbeat when City A.M. met him at the airport’s headquarters last week. “I’m satisfied that we brought as much as we possibly could to bear to the problem, in terms of equipment and manpower,” [...]
US expansion boosts growth at LK Bennett January 13, 2013 LK BENNETT, the upmarket womenswear brand, reported a 15 jump in full year turnover yesterday driven by its expansion into the US market and soaring online sales. The retailer, which unveiled Bond girl Rosamund Pike as the new face of its brand last week, said turnover increased by 15 per cent to £94.1m in the [...]
Economists warn poor standard of British schools will hurt GDP January 30, 2013 A GROUP of economists will today urge the government to radically improve educational standards at British schools, arguing that reforms are key to the country’s long-term prosperity. The London School of Economics (LSE) growth commission will also hit out at UK governments’ poor record over infrastructure. “Political procrastination and the absence of a strategic framework [...]
FTSE flips back to rally mode after fresh data February 5, 2013 THE FTSE rebounded yesterday from a steep fall in the previous session, with investors encouraged by forecast-beating earnings and improving economic data from the Eurozone. The index closed 0.6 per cent, or 35.92 points, higher at 6,282.76, after suffering its biggest one-day in three months on Monday as political uncertainties in Spain and Italy and [...]
FTSE hits the brakes on 2013 rally as banks and miners lose ground January 22, 2013 BRITAIN’S leading share index eased a touch yesterday, stalling after a recent push up to its highest level in four-and-a-half years, weighed by falls in financials and mining stocks. Banks were the biggest sector fallers, knocking over four points off the FTSE 100, with traders citing profit-taking after recent gains, and caution over a report [...]
Lloyds renews job cutting plan with another 940 staff to go January 23, 2013 LLOYDS staff in roles from IT support to insurance to branch management were yesterday notified they will be leaving the bank as it continued to roll out its plan to cut another 15,000 jobs. Lloyds informed 940 staff across the country they will be losing their jobs over the next three to six months, depending [...]
St Modwen ups asset value by nine per cent February 5, 2013 ST MODWEN said yesterday it has agreed terms with Swansea University to develop the first £150m phase of its New Science and Innovation Campus as it revealed a rise in full year profits. The property developer said the first phase of the £300m scheme will consist of 700,000 square feet of development including 430,000 sq [...]
G4S snaps up South African cash solutions group December 14, 2012 Security firm G4S said this morning it would acquire South African company Deposita for £8.2m. The London-listed firm will acquire an 87 per cent stake in the retail cash solutions company for ZAR114m (£8.2m) post debt restructuring. The acquisition of Deposita, which was founded in 2004, will “significantly” strengthen G4S’s position in the South African [...]
City Moves for 21 February 2013 | Who’s switching jobs February 21, 2013 Jones Lang LaSalle The real estate services firm has announced the appointment of James Dolphin as lead director for international retail to support its cross-border expansion. Before joining the firm as a national director in 2005, Dolphin was an associate partner at Blair Kirkman. Societe General Zak de Mariveles will join the bank’s corporate and [...]