Statoil bids $4.4bn for Norwegian firm Brigham October 17, 2011 STATOIL is bidding $4.4bn for Brigham Exploration to boost its unconventional energy resources in the US, one of its key growth areas. The Norwegian state-controlled oil firm backed its belief in the growing importance of unconventional sources on energy supplies with an agreed $36.50 (£23) per share all-cash offer, a 36 per cent premium to [...]
Keydata wins court ruling against FSA October 11, 2011 KEYDATA founder Stewart Ford compared the Financial Services Authority to a “runaway train” after a High Court judge ruled that the watchdog acted “unlawfully” in its use of legally privileged emails in its enforcement investigation. “Right from the beginning I have said the FSA has acted in an underhand way and I believe that the [...]
STEVE JOBS 1955-2011 October 5, 2011 STEVE Jobs, Apple’s celebrated founder, has died aged 56. Jobs passed away late last night, just six weeks after he stepped down as the firm’s chief executive. Apple marked his passing with a tribute on its website to a “visionary and creative genius” and “an amazing human being”. “Steve’s brilliance, passion and energy were the [...]
TIED TO THE TRACK October 4, 2011 West Ham not allowed to ditch athletics facility for 125-year lease of London 2012 Olympic Stadium WEST HAM will not be able to scrap the running track once they have moved into the Olympic Stadium, despite concerns being raised over its effect on sight lines and atmosphere. Baroness Ford, chair of the Olympic Park Legacy [...]
Chrysler’s Ypsilon does premium October 4, 2011 While scrolling through the radio, inside the new Chrysler Ypsilon I’m driving, I find one of the station presets tuned to Radio Italia. It’s an unusual choice and a reminder of this car’s roots. It’s possible you haven’t heard of the Ypsilon. It has never been sold in the UK, and elsewhere it wears a [...]
US car sales enjoy a jump start after supply issues October 3, 2011 SOME of the biggest carmakers in the United States have reported sales jumps of at least 20 per cent during September, in a sign that consumers have returned as vehicle inventories have risen after being crimped by the March earthquake in Japan. General Motors, the world’s biggest carmaker, said yesterday its sales were driven by [...]
PRINCESS LAUNCHES OUR APPEAL FOR AFRICA September 29, 2011 CITY LEADERS met royalty at The Savoy on Tuesday night, at a dinner to mark a new partnership between City A.M. and an African microfinance charity that aims to improve the lives of thousands. Guest of honour was HRH The Princess Royal, a patron of the Opportunity International (OI) charity, who told guests including Vallares [...]
PRINCESS LAUNCHES OUR APPEAL FOR AFRICA September 28, 2011 CITY LEADERS met royalty at The Savoy on Tuesday night, at a dinner to mark a new partnership between City A.M. and an African microfinance charity that aims to improve the lives of thousands. Guest of honour was HRH The Princess Royal, a patron of the Opportunity International (OI) charity, who told guests including Vallares [...]
Audi A4’s new rival: Peugeot 508 September 20, 2011 I DON’T know of anyone that owns a Peugeot 407. I don’t even know of anyone that ever considered owning one, even second hand. This is possibly because it is French and big French cars don’t sell so well in the UK. Or maybe it’s because it wasn’t much of a looker. French, for sure. [...]
Jaguar picks Midlands for engine plant September 18, 2011 LUXURY carmaker Jaguar Land Rover (JLR) is today set to confirm a newly-formed enterprise zone in Wolverhampton as the site of its new engine plant. Jaguar Land Rover, owned by Indian conglomerate Tata, is expected to confirm the development at an event today with business secretary Vince Cable. It is estimated that the plant will [...]