Downton actor Jim Carter stars as Hacks outshine Flacks in charity cricket match September 29, 2014 City spinners showed up in their droves to take on journalists and ex-England international cricketers in the annual charity Hacks verses Flacks cricket and rounders matches at the weekend in aid of Chance to Shine. Flacks from the likes of Deutsche Bank, KPMG, PwC, Deloitte and JLL all donned their whites to hit some [...]
George Osborne finds his Tory party conference speech a little taxing but recovers speedily September 29, 2014 Party goers at the Tory conference in Birmingham had a difficult decision last night. Should they quaff champers at The Telegraph’s shindig or shuffle to Sky’s event? The two parties went head to head from 10.30pm, with David Cameron expected to show face at the former. No doubt Osborne felt he deserved a drink following [...]
Mr Goucho steaks his claim to city eating with bull run round Bank September 29, 2014 Avid readers of The Capitalist might remember the news of former Goucho MD Martin Williams’ plans to open a new steak venture, called M. Well, to announce its opening in the City in November, Williams sent his bovine legions for a walk around Bank yesterday. Will he send Mark Carney some steaks at the Bank, [...]
London Metal Exhange hikes trading fees by a third September 29, 2014 The average cost of trading fees on the London Metal Exchange (LME) will rise by 34 per cent from next year, as its new Hong Kong-based owners look to raise more profit following a $2.2bn (£1.4bn) takeover two years ago. The 137-year-old exchange had previously been member-owned by brokers and banks, with fees kept quite [...]
Velocys raises over £50m in oversubscribed share placing September 29, 2014 Fuel refinery firm Velocys yesterday raised £52m from new and existing shareholders in a share placing designed to shore up the firm’s balance sheet and propel it to future growth. The company, which is backed by a host of big name investors such as Chelsea FC chairman Roman Abramovich and top investor Neil Woodford [...]
Eircom boss out after pulled IPO September 29, 2014 HERB Hribar, chief executive of Irish telecom company eircom, is stepping down from his position, it was announced yesterday. His decision comes just two weeks after the company announced it would not proceed with a stock market listing due to shareholder opposition. Hribar decided not to renew his contract with the company. Eircom’s finance chief, [...]
Quindell simply quizzical over its sliding shares September 29, 2014 EMBATTLED insurance outsourcer Quindell is baffled by another decline in its share price, it announced in a statement to the stock market yesterday, after shares fell 13 per cent last week. The company said in its statement yesterday that it “notes the recent share price performance and confirms that it knows of no reason for [...]
SSE warns of challenging energy sector and operating retail losses September 29, 2014 SSE will report around £700m of investment in its energy assets during the six months to September 2014 when it publishes its half-year results in November. The energy firm also expects to report an operating loss in its retail segment, and an increased operating profit in its networks segment. Its wholesale segment is expected to [...]
BP and Shell still contenders for major oil deals in Persian Gulf September 29, 2014 BP and Shell have confirmed that they are both in the running to renew contracts for major oil deals in the Persian Gulf. Both companies have been operating in the region for decades in connection with the Abu Dhabi Company for Onshore Oil Operations (ADNOC). However their 75-year old onshore oil field concession agreements expired [...]
BAE faces US trade disruption September 29, 2014 BAE Systems has warned that trading disruption is likely in the last quarter of 2014, because of government spending limits. A financial resolution will keep the federal government running at fiscal year 2014 spending levels. However the British defence company said its outlook remains unchanged.