Rising deficit hits Osborne’s budget plans March 22, 2011 GOVERNMENT borrowing reached £11.8bn in February — a record high for this time of year – according to official figures released yesterday. Net borrowing, excluding interventions in the financial sector, was considerably higher than in February 2010, when the government recorded a £9.45bn monthly deficit. The figures cast doubt over the amount of leeway chancellor [...]
Nippon steel tie up will be world’s no. 2 February 3, 2011 JAPAN’S Nippon Steel and Sumitomo Metal Industries plan to merge to create the world’s second-largest steelmaker in an effort to fend off tough competition from Asian rivals and offset shrinking demand from domestic automakers. The deal, which would likely see Japan’s top steelmaker Nippon Steel acquiring Sumitomo Metal, comes as the industry grapples with surging [...]
US private sector adds 297,000 jobs in December January 5, 2011 US PRIVATE employers added a surprisingly high 297,000 jobs in December, the biggest increase since at least 2001, a new report by ADP Employer Services report has shown. The figure is far higher than the median estimate of 100,000 private-sector jobs reported by economists surveyed by Reuters, and is also significantly above November’s revised figure [...]
CITY MOVES | WHO’S SWITCHING JOBS January 18, 2011 Fuller, Smith & Turner The brewer has appointed Lynn Fordham, chief executive of FTSE 250 private investment manager SVG Capital, to its board as a non-executive director. She will join both the remuneration and audit committees in addition to her seat on the board. Fordham has previously held senior financial, strategic and operational roles at [...]
Land Secs says demand from blue chips will hold up in 2011 January 19, 2011 BRITAIN’S largest real estate investment trust Land Securities yesterday said it expected demand from blue-chip tenants to hold up in 2011. Chief executive Francis Salway said the firm’s plans were “bearing fruit” as he updated the market on trading. “We expect a wider range of buying opportunities in 2011, although current flows of capital into [...]
Land Secs says demand from blue chips will hold up in 2011 January 19, 2011 BRITAIN’S largest real estate investment trust Land Securities yesterday said it expected demand from blue-chip tenants to hold up in 2011. Chief executive Francis Salway said the firm’s plans were “bearing fruit” as he updated the market on trading. “We expect a wider range of buying opportunities in 2011, although current flows of capital into [...]
Finance courses need rethink January 13, 2011 CITY A.M.’s literacy campaign received another boost yesterday as more feedback from readers added weight to the cause. Several key City firms have been working to build strategies to support entrepreneurs, young investors and women in finance over the past five years. But according to those with inside knowledge of such schemes, the programmes are [...]
Factory boom to boost the UK economy January 9, 2011 BRITAIN’S factories will continue to drive the economy forwards this year, manufacturers’ association the EEF said today. The sector exceeded expectations by growing 3.8 per cent in 2010 and will expand by a further 3.5 per cent this year, the group predicted in its 2011 economic forecast. Exports, particularly to emerging markets, will be key [...]
Factory boom to boost the UK economy January 9, 2011 BRITAIN’S factories will continue to drive the economy forwards this year, manufacturers’ association the EEF said today. The sector exceeded expectations by growing 3.8 per cent in 2010 and will expand by a further 3.5 per cent this year, the group predicted in its 2011 economic forecast. Exports, particularly to emerging markets, will be key [...]
Bulgari MBA is the first of a new generation February 16, 2011 LUXURY brands are brilliant at marketing themselves, so perhaps it was only a matter of time before one put its name on an MBA. But the news that Italian luxury goods firm Bulgari has teamed up with Bocconi business school in Milan may raise a few well-plucked eyebrows. In the next cohort of MBA students, [...]