Gove proves he’s no old-timer with love for Mr B, Gentleman Rhymer March 24, 2014 MICHAEL Gove proved yesterday that he’s not only elbow deep in education policy, he’s also down with the kids…kind of. The education secretary revealed he is a big fan of rap artist Mr B The Gentleman Rhymer, admitting he’s “strangely addicted” to his work – an intriguing permutation of rap called Chap Hop (it involves [...]
Three things you didn’t know about… March 24, 2014 GB Group CEO Richard Law 1 Law started out as a coal miner. After leaving school, he followed in the family footsteps by going into coal mining in South Yorkshire. 2 He is currently on a mission to visit every state in the US. It’s his absolute favourite holiday destination – he’s currently on 29 [...]
Philip Green to take on big four with BHS food March 24, 2014 SIR PHILIP Green is taking on the supermarkets this week, as BHS launches its first food outlet. Arcadia, the group owned by the retail tycoon, confirmed over the weekend that BHS will be opening its first trial food space in its Staines store on Thursday, with Warrington to follow the next week. A spokesperson told [...]
Thousands queue for 40 jobs on offer at German discounter Aldi March 24, 2014 THOUSANDS of jobseekers queued in the Midlands this weekend for the chance to apply for 40 jobs being offered at fast-growing budget supermarket Aldi. The German discounter, which has seen its share of the grocery sector grow to a record 4.3 per cent after piling more pressure on the big four supermarkets, is searching for [...]
Gulf Keystone set to move to main market March 24, 2014 OIL AND gas explorer Gulf Keystone Petroleum is set to begin trading on the main market of the London Stock Exchange tomorrow, after a tumultuous last few days on Aim due to fears of a capital shortfall. The Kurdistan-focused company warned on Thursday that it “does not have sufficient working capital” to fulfil its plans [...]
Deadline delay in Carphone and Dixons takeover March 24, 2014 CARPHONE Warehouse and Dixons have asked the Takeover Panel for an extension to the negotiations for their £4bn merger. The deadline of 24 March was originally set by the Panel when the retailers revealed they were in discussions for a merger in February. But with today’s deadline looking unlikely to be met, Dixons and Carphone [...]
UK food and drink exports grew last year as salmon sales leaped March 24, 2014 EXPORTS of UK food and non-alcoholic drink increased by five per cent to £12.8bn last year, buoyed by a massive 82 per cent rise over the year in sales to China. Figures from the Food and Drink Federation (FDF) released today show the growth was in line with strengthening economic performance in the EU, which [...]
City Moves for 24 March 2014 | Who’s switching jobs March 24, 2014 Herbert Smith Freehills The law firm has announced the appointment of Justin D’Agostino as global head of dispute resolution. He is currently a partner, and has spent his entire legal career at the firm. Legal & General Property James Lidgate has joined Legal & General property as head of residential. He has over 14 years’ [...]
Best of the Brokers for 24 March 2014 March 24, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ASOS UBS has kept its “neutral” rating on the online retailer but lowered its target price to 6,200p from 6,660p after a disappointing update on sales and margins last week. The broker expects the sales slowdown to be reversed in the second half, [...]
London Report: Petrol prices to help inflation to a four-year low March 24, 2014 INFLATION is expected to hit a four-year low, with data this week likely to show petrol prices and the pound’s strength controlling prices. Consumer Price Index (CPI) figures due out tomorrow are forecast to show inflation at 1.7 per cent in February, down from 1.9 per cent in January. and the lowest since October 2009. [...]