James Biagioni crowned City’s most eligible bachelor by Social Concierge and Square Mile mag January 11, 2015 The search is finally over, girls. There’s no longer any need to rock up to The Folly on a Thursday night without a clue who you’re going to hit on. The City’s most eligible bachelor has been revealed as James Biagioni, a 27-year-old commodities futures trader who works in Tower 42. “It still hasn’t sunk [...]
No Trousers on the Tube Day 2015: Underwear goes Underground for No Pants Subway Ride Day January 11, 2015 If you ventured on to the Northern line yesterday you might have had an un-bare-able surprise, as many commuters boarded the trains without their trousers on. Yep, yesterday was No Trousers on the Tube Day. The phenomenon, renamed from the international No Pants Subway Ride (changed in UK for obvious reasons) started as a flashmob-style [...]
UK coal mines need £300m to avoid being shut down January 11, 2015 The last three deep coal mines still operating in the UK are seeking £300m in state aid to avoid closure. UK Coal, which runs Kellingley Colliery in Yorkshire and Thoresby Colliery in Nottinghamshire, and Hatfield Colliery, which is run by an employee-owned partnership in South Yorkshire, are both reportedly preparing applications for government grants to [...]
UK power prices will continue to fall in 2015 due to gas glut January 11, 2015 UK power prices have fallen to a four-year low due to oversupply of gas in the market. According to the ICIS Power Index (IPI), wholesale electricity prices at the end of 2014 were 11 per cent lower than at the same time in 2013. The trend of decline accelerated in the final quarter of the [...]
Leon wraps up sales rise but no profit in 2013 January 11, 2015 Mediterranean-style fast food outlet Leon saw a 30 per cent rise in sales in the first half of 2014 as it expanded its outlets in the UK but failed to make a profit, reporting a £829,969 loss after tax on sales of £12.46m – a small improvement on the previous year’s loss of £860,848. Leon [...]
Guys just wanna have fun January 11, 2015 JLL’s boss tells Kasmira Jefford why his firm is anything but dull GUY Grainger has something he needs to get off his chest. It seems that some people might think that property and property advisory companies like JLL are, well, let’s say a little bit… dull. “People often say that to me and I think: [...]
February float on the cards for Redx Pharma January 11, 2015 BRITISH drug discovery and development company Redx Pharma yesterday announced it plans to float on London’s Alternative Investment Market as it looks to raise approximately £20m. Shore Capital is serving as the Liverpool-based company’s nominated adviser and broker on the listing, which is expected to start in February. Redx Pharma is forecast to have market [...]
Turnover at Paulson’s UK fund falls 30pc January 11, 2015 THE BRITISH subsidiary of New York-based investment manager Paulson & Co recorded a 30 per cent decline in turnover last year, it emerged yesterday. The hedge fund has fallen foul of what proved to be a difficult year for hedge funds globally. According to accounts published on Companies House, Paulson Ltd saw its takings for [...]
Brevan Howard Asset Management experiences revenue dip in 2014 January 11, 2015 Brevan Howard Asset Management, one of Europe’s largest alternative asset managers, has recorded a drop in revenues for 2014, it was revealed yesterday. According to its accounts, the highly-regarded investment specialist recorded total revenue of £123.2m for the year until the end of March, a fall on the £126.7m recorded the previous year. The company, [...]
SVP wraps up deal for Linpac January 11, 2015 AMERICAN hedge fund Strategic Value Partners (SVP) has assumed control of British packing company Linpac, it emerged yesterday. The buyout firm has acquired an 85 per cent stake, valuing the Birmingham-based company at approximately £200m, after receiving the green light from the European Commission late last year. Linpac provides packaging for fish, meat and poultry [...]