SCOTTISH oil and gas explorer Cairn Energy yesterday said its deputy chief executive and its chief financial officer are stepping down for “long term succession planning reasons”, merely weeks after founder Sir Bill Gammell said he would retire as
African budget airline Fastjet yesterday raised £11m through a private placement of shares, including a £1m investment from a unit of EasyGroup, the firm led by EasyJet founder Sir Stelios Haji-Ioannou.
Rothesay Life, the life insurer co-owned by Blackstone and Goldman Sachs, yesterday struck a £111m bulk annuity deal with Western United Group Pension Scheme. It follows a similar £115m deal between the two last year.
That London’s house prices are booming is hardly a secret – prices shot up by 12 per cent in 2013, according to official figures.
But what isn’t as well known is that the boom in London is in fact taking place even within a booming UK.
Expect to pay a little more for your caffeine buzz in coming months.
Coffee futures - the prices which traders have agreed to pay for beans in the future - have surged in price, and are at their highest level since February 2012.
Royal Mail warned yesterday that an Ofcom review into wholesale mail prices will mean a period of uncertainty.
This morning, shares in the FTSE 100 firm have fallen to 502p - down nearly three per cent.
No change from the boffins over at Threadneedle Street.
The Bank of England's interest-rate setting committee has, as widely expected, elected to hold both interest rates and quantitative easing this month.
THE GREEK government will today return to the international capital markets for the first time since 2010, launching a new bond despite the fact that the country is still mired in recession and deflation.
Spain’s biggest state-owned lender Bankia last night instructed the sale of its entire 4.94 per cent stake in the power company Iberdrola. The stake is worth around $2.2bn (£1.31bn). Citi and UBS were given the mandate to sell the stock.