Abu Dhabi triumphs in Polo in the Park June 9, 2014 GLORIOUS weather added to the joys of finals day at Chestertons Polo in the Park – drawing a record crowd at Hurlingham on Sunday. While City A.M.’s own Team London didn’t make the finals, it was a thrilling finish. IG’s Sydney won the plate final in extra time against Mandarin Oriental’s Team Beijing. In the [...]
Most UK adults do not trust any energy supplier June 9, 2014 MORE than half of British adults do not trust any energy supplier, while 36 per cent do not trust their energy bills, according to new research published today. Forty-one per cent of 10,000 respondents fear they are paying for more energy than they are using, showed a survey commissioned by the Smart Meter Central Delivery [...]
Labour denies plan to hike tax and give funds to poorer areas June 9, 2014 THE LABOUR Party yesterday promised to cut business rates for small firms, distancing itself from a tax-hiking plan written by one of its advisors. Former Wickes boss Bill Grimsey is advising Labour on business strategy and working as an ambassador to the high street for the party, in a bid to promote the opposition among [...]
South African retail tycoon eyes UK move with new shell vehicle June 9, 2014 SOUTH African retail magnate Christo Wiese has created a shell company in the UK, in a sign that he is poised to make a move on the UK high street. According to Companies House, the name Pepkor UK was set up earlier this year. Former Asda chief executive Andy Bond and his business partner Mark [...]
Pension plans in best position for seven years June 9, 2014 BRITAIN’S biggest companies are nearing the best position to fund pension schemes since before the financial crisis, following a sudden reversal of fortunes for UK corporate pension plans, a study out today shows. Firms listed in the FTSE 350 are better placed to support their defined benefit pension schemes than at any time over the [...]
Bacanora Minerals starts London roadshow ahead of Aim listing June 9, 2014 BACANORA Minerals is meeting with investors in London this week to raise at least £1.5m, ahead of a flotation on Aim in early July. The Mexico-focused lithium and borate miner is already listed on the TSX-V, Toronto’s junior exchange, with a market capitalisation of around £30m. It is planning a dual listing on London’s Aim [...]
Shell kicks off search for new chairman June 9, 2014 ROYAL Dutch Shell has started its hunt for a new chairman to replace Jorma Ollila (pictured) who is set to step down next year after eight years in the role. The FTSE 100 oil giant, which issued a shock profit warning in January, has hired the headhunter Egon Zehnder to lead the search, Sky News [...]
Union Jack plans more reserve tests June 9, 2014 Union Jack Oil, the Aim-listed shale gas explorer that saw its shares soar over 30 per cent last week on an upbeat reserve report, is in talks to commission similar reports at its other sites, executive chairman David Bramhill told City A.M. An independent review of shale resources at a site near Nottingham, in which [...]
Bulgaria stand-off over Russian pipe June 9, 2014 Bulgaria will not resume work on the Russian-led South Stream gas pipeline project until it receives the all clear from the European Commission, Prime Minister Plamen Oresharski said yesterday. In a move that could inflame tensions between Russia and the European Union, the bloc’s executive arm last week asked the Balkan country to suspend work [...]
North east takes top spot in Lloyds Bank’s UK economic growth survey June 9, 2014 THE UK economy is picking up pace around the country, according to firms reporting that output is climbing even after 19 consecutive months of growth. Lloyds Bank’s latest purchasing managers’ index (PMI) for English and Welsh businesses hit 59.8 in May, up from April’s figure and at the highest in five months. Growth is also [...]