CME poaches NYSE’s Amsterdam chief exec September 11, 2014 THE NEW York Stock Exchange’s Amsterdam arm lost its chief executive yesterday as rival CME Europe hired Cees Vermaas yesterday. CME has expanded aggressively in Europe in recent years and wants the industry heavyweight to help it keep on growing.
Service industry looks to an improved Britain September 11, 2014 BUSINESS SERVICES of the year In uncertain times, companies that are willing to try something different – be that a new management team, an innovative business structure or a better use of technology – are those that tend to succeed. Our choices come from the transport sector, catering, white-collar recruitment, online professional networking and management [...]
Southeastern chuffed as it keeps franchise September 11, 2014 RAIL AND bus operator Go-Ahead received a boost yesterday as its majority-owned Southeastern train company had its franchise renewed for another four years. Southeastern, run by the Govia joint venture between Go-Ahead and France’s SNCF-owned Keolis, will keep its routes between London, Kent and some areas of East Sussex until June 2018, the government said [...]
Chinese fines foreign car makers as price fixing probe continues September 11, 2014 CHINESE regulators announced major fines worth nearly £30m for large western car makers yesterday, as a probe into alleged price fixing continued to hit foreign auto firms in the country. Two of the biggest car companies in the world, Volkswagen and Chrysler, will see their local operations in China hit by fines totalling 281m yuan [...]
City Moves for 12 September 2014 | Who’s switching jobs September 11, 2014 Lend Lease The property and infrastructure group has appointed Paul King as managing director of sustainability for its European region. He will join in February 2015 from the UK Green Building Council, where he is chief executive. Zeus Capital Adam Pollock has been appointed head of corporate broking at the investment bank. He joins from [...]
Best of the Brokers for 12 September 2014 September 11, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ADMIRAL GROUP Numis has upgraded to “buy” from “add”, but cut the target price to 1,630p from 1,720p. Numis thinks fears of margin pressure are somewhat overdone, as Admiral says it is putting through rate increases in the UK, with medium-term growth opportunity [...]
London Report: China data weighs on FTSE but Scottish No poll helps firms September 11, 2014 BRITAIN’S top shares dropped yesterday as concerns over demand from China took their toll on miners, while clothing retailer Next fell after its results underwhelmed the market. The FTSE 100 index closed down 30.49 points, or 0.5 per cent, at 6,799.62 points. Weak Chinese inflation data, which showed more signs of cooling growth in the [...]
New York Report: Energy prices stop big falls September 11, 2014 US STOCKS recovered from early losses yesterday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support. The Dow Jones industrial average fell 19.71 points, or 0.12 per cent, to 17,049, the S&P 500 gained 1.76 points, or 0.09 per cent, to 1,997.45 and the [...]
iPhone 6 and iPhone 6 Plus UK release date and prices: Pre-orders begin at Apple, EE, O2, Three and Vodafone September 11, 2014 Apple fans eager to get their hands on the shiny new iPhones revealed on Tuesday won’t have long to wait. Both devices are available for pre-order from today in the UK ahead of their release on 19 September. The devices can be ordered directly from Apple online as well as from the major mobile networks [...]
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