SABMiller seals deal with Belgian brewer July 1, 2011 SABMiller has signed a distribution agreement with Belgian Van Steenberge Brewery to distribute the Sint Stefanus brand outside Belgium. Under the terms of the agreement, the beer will be distributed outside Belgium under the St Stefanus brand. The name comes from the monastery of Sint Stefanus, to which the brewery is linked and which still [...]
AMERICA MAY SAIL ON THE QE3 THIS FALL August 1, 2011 WE HAD a first look at UK and US second quarter GDP numbers last week. The US was a shocker, coming in at 1.3 per cent on expectations of 1.7 per cent. Worse than that, the first quarter of 2011 and the fourth quarter of last year were both revised down sharply. This means the [...]
AMERICA MAY SAIL ON THE QE3 THIS FALL August 1, 2011 WE HAD a first look at UK and US second quarter GDP numbers last week. The US was a shocker, coming in at 1.3 per cent on expectations of 1.7 per cent. Worse than that, the first quarter of 2011 and the fourth quarter of last year were both revised down sharply. This means the [...]
Costs crunch at biscuit firm July 10, 2011 UNITED Biscuits UK saw its operating profits jump by 10.4 per cent to £218.5m last year, its latest accounts published on Companies House show. The increase in earnings came despite revenues growth of just one per cent to £1.06bn, with cost-savings driving the bulk of the earnings boost at the UK arm of the company [...]
OUT OF OFFICE July 6, 2011 WILTON’S SUMMER FESTIVAL One of London’s most magnificent and historic music venues, Wilton’s Music Hall is playing host to all sorts of musical and theatrical diversions this summer. As well as an eclectic comedy programme for the London Comedy Festival, there will be live music, illusionists, contortionists, films and cabaret artists, all falling under the [...]
Gold at record on US budget impasse July 27, 2011 GOLD reached a fresh all-time high across the pond yesterday, as the US was hit by gloomy economic news and yet another day of political feuding over the debt ceiling. The precious metal – often seen as a safe haven for investors in times of strife and unstable currencies – reached $1,628 an ounce after [...]
Millions in Britain don’t have a pension August 10, 2011 RESEARCH undertaken by Baring Asset Management (Barings) released exclusively to City A.M. estimates that 13.6m, or 38 per cent of British adults, don’t have a pension. This is worrying, as pensions remain the best option for those looking to hang up their working boots before popping their clogs – and the sooner you start the [...]
CITY MOVES | WHO’S SWITCHING JOBS August 7, 2011 Survitec Group The manufacturer and distributor for the marine, defence and aerospace survival technology industries that was bought by private equity firm Warburg Pincus in 2010 has appointed Paul Lester CBE as chairman. Lester, the former chief executive of VT Group and group managing director of Balfour Beatty, is currently chairman of Greenergy and non-executive [...]
Mortgage lending drops July 20, 2011 Gross mortgage lending fell three per cent on the year in June but was 16 per cent up on the month, the Council of Mortgage Lenders (CML) said. The CML said gross mortgage lending totalled £12.6bn in June, the highest monthly total in almost a year. It said lending in the first half of this [...]
Where country piles come grand …and affordable July 7, 2011 A 40-bedroom castle, supposedly haunted as well as being a 2005 location for Doctor Who, is on the market for £1.5m. Sure, there may be ghosts roaming its hallowed halls, but by any standard, Craig y Nos Castle, in the Upper Swansea Valley, is going for a song. To anyone used to London prices, the [...]