Uni spin-off Kromek soars in stock debut October 16, 2013 DURHAM University technology spin-out Kromek saw its shares surge 17 per cent to 59.75p yesterday as they made their debut on the market. The firm, whose technology is used for a variety of applications from medical imaging to security screening, sold 107m shares at 51p each. The offering raised £15m in an oversubscribed fundraising which [...]
Danone lowers goals as Asian recall hits sales October 16, 2013 DANONE said yesterday that an Asian recall of infant formula had a worse-than-expected impact on its high-margin baby food division in the third quarter and that sales in affected markets would not recover before early next year. The world’s largest yoghurt maker said it was cutting its sales, profitability and free cash flow goals for [...]
Publicis sees growth slow but insists that it’s on track for 2014 October 16, 2013 FRENCH ad group Publicis, which is merging with US peer Omnicom Group, stuck to its target for higher full-year organic sales growth yesterday despite revealing a slowdown in the third quarter on weaker emerging markets. Publicis also forecast a further improvement in growth next year following the expected completion of the merger in the first [...]
World Energy Council says fears over oil running out unfounded October 16, 2013 FEARS the world could run out of oil in our lifetime are completely unfounded, an influential international think tank said yesterday. Globally there are sufficient energy resources to meet even significantly increased demand for decades to come, according to The World Energy Council’s latest report. It found global crude oil reserves today are almost 25 [...]
City Moves for 17 October 2013 | Who’s switching jobs October 16, 2013 Colliers International The property company has announced the appointment of Michael Hawkins as a partner in its national offices team. He was most recently at WHR Property Consultants, where he was a partner advising property and development companies, funds, and investors. Prior to that, he spent ten years at Lambert Smith Hampton. Balderton The European venture [...]
Best of the Brokers for 17 October 2013 October 16, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com MICHELIN Macquarie has an “outperform” rating on the tyre maker and a 12-month target of €91. The broker sees a moderate recovery in the EU car market, which combined with a strong bounce in truck tyres should push volumes up 2.7 per cent [...]
London Report: FTSE stages late rally on hopes of US resolution October 16, 2013 EXPECTATIONS of an imminent deal in Washington to avert a US debt default sparked a late turnaround on Britain’s top share index yesterday. London’s blue chip index rallied off a session low of 6,504.27 to close up 22.48 points, or 0.3 per cent at 6,571.59 after a senior Senate Democrat aide said negotiations on legislation [...]
New York Report: Wall St soars as Washington nears debt deal October 16, 2013 US stocks closed more than one per cent higher yesterday after Senate leaders said they had a deal to reopen the federal government and raise the debt ceiling, which would avoid the threat of a debt default. US Senate majority leader Harry Reid and Senate republican leader Mitch McConnell said senators had come to an [...]
How MBA courses are responding to entrepreneurship’s growing appeal October 16, 2013 Whether business school can teach you the skills for startup success is still up for debate CAN you teach entrepreneurship? With a 2013 survey of applicants by QS TopMBA finding that a third of candidates see themselves running their own business in a decade’s time, that’s the question budding entrepreneurs are hoping business schools [...]
How online and part-time MBAs compare with full-time study October 16, 2013 Emerging course options have benefits, but networks matter Full-time MBAs, long the gold standard of business education, face increasing competition from more flexible part-time and online options. Data from the General Management Admissions Council (GMAC) shows that the number of students taking online MBAs grew by 20 per cent between July 2011 and June 2012. [...]