Senior says outlook is healthy for commercial aircraft market June 28, 2010 ENGINEERING firm Senior said its earnings for the first half of 2010 would be in line with the board’s expectations and said the outlook was healthy, buoyed by improved order books at its major clients. “The group has traded strongly, with profitability for the first half of 2010 anticipated to be in line with the [...]
CITY MOVES | WHO’S SWITCHING JOBS June 28, 2010 Norton Rose The law firm has made two new additions to its dispute resolution practice. Paul Morris joins as partner from Denton Wilde Sapte, where he was a partner and joint head of dispute resolution. He is an experienced contentious corporate trustee practitioner. Also joining the firm as partner is David McKie, who is moving [...]
ATM dispenses only £5 notes June 28, 2010 ATM operator Bank Machine has launched a network of free cash machines that only dispenses £5 notes. The company has introduced 21 cash machines across Britain following a pilot at two machines in London. The machines dispense 100,000 £5 notes a month.
Creston sells ad agency DLKW June 28, 2010 Communications firm Creston is selling its advertising agency DLKW Group to the world’s No. 4 ad group Interpublic Group of Cos (IPG) for £28m. For the year ended 31 March, headline pre-tax profit was £13.8m, compared with £14.2m in the year-ago period.
Online retail expected to soar June 28, 2010 Online retail is expected to defy general sluggish growth for the overall retail sector, according to a survey. The PayPal Online Retail Report, undertaken by Experian, predicts the internet retail sector to grow by £8bn, a leap of 36 per cent to £30.6bn, by the end of 2012.
IT’S PRISKY BUSINESS OUTSIDE OF THE HOUSE June 28, 2010 THE Capitalist caught up with minister of state for business Mark Prisk yesterday during his afternoon of cold-calling potential customers for small business DIY Kyoto. The minister dropped in to the small Bethnal Green-based firm, which sells energy monitors for the home, as part of a project to learn about the current environment for small [...]
CITY EYE June 28, 2010 A MOTHER watches her son playing a piano in the churchyard of St. Paul’s. The pianos chained up around town are part of Street Pianos, a City of London festival event.
DP World postpones listing June 28, 2010 PORTS operator DP World has postponed plans to seek a dual listing on the London Stock Exchange saying it needed to find an acceptable system to support the listing. The next opportunity would be starting after the publication of its 2010 results, the unit of conglomerate Dubai World said in a statement. The company usually [...]
BP close to relief well breakthrough June 28, 2010 BP has said it is close to connecting the first of two relief wells to its leaking Macondo oil well in the Gulf of Mexico. The oil company said in a statement that the first relief well had reached a depth of 16,546 feet. It is within 200 feet of the original blow-out well known [...]
Taylor Wimpey sees house sales rebound June 28, 2010 HOUSEBUILDER Taylor Wimpey said sales have recovered after a lull around the time of the general election but political uncertainty is leading to caution in the sector. The UK’s third-largest volume housebuilder said private sales rate for the year to date are broadly flat year-on-year at 0.58 sales per site per week, while its order [...]