RSA chooses a chief operating officer April 15, 2014 RSA has picked Paul Whittaker, its emerging markets boss, to fill the newly-created job of chief operating officer. Whittaker, who joined RSA as group HR director in April 2003, has been chief executive of emerging markets at the company since 2006. He will take up his new role from 1 May.
G4S wins new contract from HMRC April 15, 2014 Outsourcing firm G4S yesterday said it has won a £4m contract to provide facilities management services to three regional HMRC tax offices. The deal comes just a week after a ban was lifted on the firm bidding for public sector work in the wake of the prisoner tagging scandal. The three year contract with the [...]
Progress on Petroneft farmout April 15, 2014 Aim-listed Petroneft, the loss-making oil and gas explorer, yesterday said that a long-awaited farmout agreement for a 50 per cent stake in one of the licence areas it owns in the Tomsk region of Russia is set to go ahead next week. It did not reveal which company had bought the farmout. Petroneft’s largest shareholder [...]
WS Atkins selected for Sellafield April 15, 2014 Engineering firm WS Atkins yesterday said it has been selected as the preferred bidder on a decommissioning contract for a Sellafield nuclear facility, as part of an equal three-way joint venture with France’s Areva and UK firm Mace. The FTSE 250-listed firm will process nuclear waste from the Magnox Swarf storage silo on the Sellafield [...]
City Moves for 16 April 2014 | Who’s switching jobs April 15, 2014 Turner & Townsend Steve Waltho has been appointed director and head of the consultancy’s UK and Ireland property cost management service outside London. He joins from Aecom, where he is currently European managing director of project and cost management. BDO The accountancy and business advisory firm has appointed Mark Hunt as head of its financial services [...]
Best of the Brokers for 16 April 2014 April 15, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com G4S Deutsche Bank has lowerd its rating on the outsourcing group to “sell” from “hold” and cut its target price to 210p from 221p. While the broker acknowledges G4S’s efforts to overhaul itself, and sees its exposure to emerging markets as a strength, [...]
London Report: Fears over Ukraine and earnings sends UK blue chips lower April 15, 2014 THE UK’S top shares sank to their lowest close in three weeks yesterday, hit by mining companies on concern about demand, while the deteriorating situation in Ukraine and doubts about corporate earnings hurt broader sentiment. Miners came under pressure alongside base metals after data showed Chinese money supply grew at the weakest pace in more [...]
New York Report: USA equities swing higher April 15, 2014 US stocks ended a volatile session higher yesterday, lifted by gains in such blue-chip names as Coca-Cola and Johnson & Johnson, though persistent weakness in momentum names limited the Nasdaq’s advance. The three major US stock indexes fell for much of the session before rebounding in afternoon trading. The Nasdaq moved in a 108.77-point range, [...]
How much does a house in the UK really cost? April 15, 2014 Buying a home in the UK will set you back £235,000 on average, according to the latest figures published this morning by the Office for National Statistics (ONS). “But hold on a minute,” I hear the news-hounds among you say. “Yesterday I read that it was much higher than that.” And indeed you may have. [...]
Rio Tinto’s shareholders are green and angry April 15, 2014 A shareholder at Rio Tinto’s annual meeting today accused the company of “getting as bad as BP”, referring to its health and safety record due to 33 deaths at the Grasberg mine in Indonesia last year. The two companies make an interesting comparison, BP having had its own annual meeting last week. While both are [...]