London’s business growth slows to a 14 month low November 13, 2011 GROWTH in London’s business activity has plummeted to near-stagnation, according to the latest purchasing managers’ index (PMI) from Lloyds TSB and Markit. The index fell from a reading of 54.4 in September to a 14-month low of 50.4 last month, the survey showed. Scores of above 50 indicate some economic expansion. “Behind the overall slowdown [...]
London’s business growth slows to a 14 month low November 13, 2011 GROWTH in London’s business activity has plummeted to near-stagnation, according to the latest purchasing managers’ index (PMI) from Lloyds TSB and Markit. The index fell from a reading of 54.4 in September to a 14-month low of 50.4 last month, the survey showed. Scores of above 50 indicate some economic expansion. “Behind the overall slowdown [...]
CITY MOVES | WHO’S SWITCHING JOBS January 22, 2012 Kentz Corporation The FTSE 250 engineering group has announced that Christian Brown (pictured) will replace Hugh O’Donnell as chief executive on 1 February. Brown steps up from the role of group chief operating officer, while O’Donnell, who has led Kentz since 2000, will continue as an exclusive adviser to the group for the next three [...]
Data shows deposits fleeing Irish lenders November 30, 2011 IRISH banks suffered a near €3bn (£2.6bn) outflow in deposits in October, reversing two months of inflows, as the deepening Eurozone debt crisis spooked some savers, central bank data showed yesterday. Irish banks, including local units of foreign banks, had nearly €350bn in deposits from residents and non-residents at the end of October compared to [...]
New chair for Trinity Mirror December 6, 2011 PUBLISHING group Trinity Mirror yesterday announced that Sir Ian Gibson will be stepping down as chairman in August 2012 to be replaced by accountant David Grigson (pictured), who will join the board as a non-executive director and chairman designate from 1 January. Grigson is currently the chairman of communications group Creston and a non-executive director [...]
New chair for Trinity Mirror December 6, 2011 PUBLISHING group Trinity Mirror yesterday announced that Sir Ian Gibson will be stepping down as chairman in August 2012 to be replaced by accountant David Grigson (pictured), who will join the board as a non-executive director and chairman designate from 1 January. Grigson is currently the chairman of communications group Creston and a non-executive director [...]
Diversification can limit rewards March 18, 2012 IT’S A truism of investment advice that an investor should be diversified. And for good reason – only a gambler would put all his money in a single equity in the hope of striking it rich. Yet it shouldn’t be forgotten that diversification comes at a cost – one that should be weighed principally against [...]
… but total London hiring rises as new orders go up October 9, 2011 PRIVATE sector growth is accelerating in London, with the Lloyds TSB London business activity index showing new business inflows rising. The index rose from 53.7 in August to 54.4 in September, though it remains lower than the 59.5 seen in July. Any number above 50 indicates expansion. A small rise in employment was also recorded [...]
London 2012 IMAGE OF THE WEEK October 20, 2011 LONDON 2012 | HEROES Richard Whitehead and local hero Scott Moorhouse launch Lloyds TSB’s Paralympic Torch Relay campaign. Between now and the start of the 2012 Olympic and Paralympic Games, City A.M. is publishing its Olympic Image of the Week. We welcome photographs from all sources – sponsors, athletes, local businesses, commuters, local residents – [...]
Lloyds is harnessing the 2012 Games as a transformational opportunity October 18, 2011 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 282 DAYS TO GO Sally Hancock sets out why Lloyds Banking Group became a partner of the 2012 Olympics Q. What was your brand’s primary reason for being involved with the Games? A. We became the first National Partner of the London 2012 Olympic and Paralympic Games for [...]