City Moves for 26 September 2013 | Who’s switching jobs September 25, 2013 Macquarie The financial services group has recruited Jeremy Dibb as a senior analyst in its metals & mining equity research team for Europe, the Middle East and Africa. Dibb was most recently at Canaccord Genuity, where he was a director in its metals and mining research team. Royal Bank of Canada Capital Markets RBC’s corporate and [...]
Alibaba looks to US after Hong Kong talks end September 25, 2013 CHINESE e-commerce giant Alibaba Group Holding Ltd will pursue an initial public offering (IPO) in the US after talks with Hong Kong regulators broke down, a move bound to set off a dogfight between the two main US stock boards for the offering. The loss of the sale, which bankers have estimated to be worth [...]
British boom in online shopping delivers revenue rise for UK Mail September 25, 2013 DELIVERY COMPANY UK Mail said a boom in online shopping has helped its sales beat forecasts in the six months to the end of September. UK Mail said parcel volumes were 25 per cent ahead of the same time last year, as internet orders helped the firm diversify away from its traditional business-to-business deliveries. The [...]
National Express pens contract to run two German train routes September 25, 2013 NATIONAL Express is exporting the British rail experience to two train routes in North Rhine Westphalia, signing contracts yesterday in what the UK ambassador to Germany described as “a proud day for British business”. The company will run the regional services for 15 years from 2015 under the contract, taking over from incumbent state-owned operator [...]
Airbus signs a trio of passenger plane deals with Asian airlines September 25, 2013 PLANE maker Airbus has scored a hat-trick of lucrative orders from buyers in Asia, the firm announced yesterday. Vietnamese low-cost carrier VietJet yesterday said it plans to buy up to 92 Airbus planes, worth about $8.6bn (£5.35bn) at list prices, between 2014 and 2022. The agreement with EADS-owned Airbus was part of a raft of [...]
Ryanair makes up with AmEx September 25, 2013 Ryanair has made amends with American Express, yesterday announcing it will start accepting payments more than a decade after banning the cards for “excessive charges”. The budget airline said the change of heart is part of its drive to attract more business passengers, which has already seen the carrier introduce some reserved seats. Ryanair also [...]
Homebase plans 15 updated stores September 25, 2013 Homebase, Britain’s second-biggest home improvement retailer, said yesterday it is seeing evidence of success from its costly store refit programme and aims to expand it to 15 of its outlets by year end. The company, owned by Home Retail Group, aims to stand out in a crowded market with a refurbishment programme costing £1m per [...]
CentralNic sees earnings double September 25, 2013 London-based CentralNic yesterday reported profits of £636,000, a jump of nearly 100 per cent, in the six months to 30 June. The internet registry service also revealed revenues had risen to £1.7m during the same period. CentralNic went public last month on London’s Alternative Investment Market (Aim). CentralNic chair John Swingewood said increased demand for [...]
Best of the Brokers for 26 September 2013 September 25, 2013 GREENCORE Numis has given food company Greencore an “add” recommendation and lifted its target price to 153p ahead of its 26 November full year report. The analyst said plus points include “the absence of the horse meat issue and possible improvement from UK cakes & desserts.” TESCO Shares in Tesco fell 3.5 per cent yesterday, [...]
London Report: Slide in energy shares helps to drive FTSE down September 25, 2013 BRITAIN’S top shares fell yesterday, led down by Carnival after a profit warning triggered downgrades, while Centrica and SSE fell after the opposition Labour Party talked of an energy price freeze. Carnival slid 6.7 per cent to 2,098.26 pence, the FTSE 100’s top faller for the second session in a row, after Tuesday’s warning of [...]