Nomura wins six year holiday August 31, 2009 JAPANESE bank Nomura has won a six year rental break on its new headquarters at Thameside complex Watermark Place. The bank will today sign for the 525,000 sq ft development in what is the biggest City property deal this year. Nomura will not be paying any rent for 70 months until 2015, the bank confirmed [...]
SLICK MERGER FOR OIL FIRMS August 31, 2009 US OIL SERVICES company Baker Hughes announced yesterday it was buying rival BJ Services in a deal worth $5.5bn (£3.3bn) after the two companies’ boards approved the deal. Baker Hughes chairman Chad Deaton (pictured) yesterday said the merger would be gradual, but will result in $75m in savings next year.
Sony tie up with Google Chrome August 31, 2009 Google, owner of the most popular Internet search engine, yesterday announced it has reached an agreement with Sony to have its Chrome web browser pre-installed on some personal computers. The deal with the group is part of its efforts to make its little-used Chrome more accessible. Google is also believed to be in talks with [...]
Fuel duty hiked by two pence August 31, 2009 Motorists will wake up to a two pence rise in fuel duty this morning, the third increase in nine months. When VAT is included the rise will actually total 2.3p – taking the average price of petrol across the UK to about 105p per litre. The Treasury is planning five more tax rises worth more [...]
City A.M. on holiday until Tuesday September 1st August 21, 2009 City A.M. editorial staff are taking a well earned break this week. The next issue of the newspaper is out on Tuesday September 1st when the online news stories will also be updated. In the meantime we will be working very hard on the backend of the site bringing you even more news, features and [...]
NEW SUNDAY TELEGRAPH BUSINESS EDITOR ON STEEP LEARNING CURVE August 20, 2009 AS A replacement for Sky’s newest business recruit Mark Kleinman, a man with one of the fattest contact books in journalism, the appointment of Kamal Ahmed as Sunday Telegraph business editor was never going to sit well with his jilted rivals. Ahmed, currently head of comms at the Equality and Human Rights Commission and a [...]
Nomura hit by lawsuit August 20, 2009 A LONDON headhunter is seeking “a commercially absurd sum” in a legal spat over how Nomura kept star bankers as part of its takeover of Lehman Brothers in Europe, the Japanese bank said yesterday. Documents filed at London’s High Court show there is a dispute between Nomura and Hogarth Davies Lloyd. “There is a dispute [...]
City firms struggle to pick the best as A-Level results rise August 20, 2009 CITY firms face increasing difficulties selecting the most promising students to enter their graduate programmes, as more A-level students landed ‘A’ grades yesterday than ever before. Over one in four exam entries were rewarded with the top grade, ahead of plans by education authorities to introduce a new A* grade next year to mark out [...]
Cineworld profits soar on blockbusters August 20, 2009 BLOCKBUSTER hits like Slumdog Millionaire helped to lift Cineworld ‘s half-year profits by 33 per cent, the group said yesterday. Cineworld said its pre-tax profits were £11.6m for the 27 week period ending 2 July 2009 compared to £8.7m for the same period the year before. The group said box office receipts were up 24.3 [...]
CITY MOVES WHO’S SWITCHING JOBS August 20, 2009 Aviva InvestorsThe investment group has appointed John Wood as a UK equities fund manager. Wood will be responsible for running the Aviva Investors UK Growth Fund and will join in October from Artemis Asset Management, where he was a senior fund manager for the UK and Europe. Prior to that, he was head of UK [...]