Help is at hand for the Square Mile romantics July 18, 2013 BUSY City workers often employ the services of a concierge to help organise their daily lives. However, one City boy from HSBC has taken hired help to a new level – employing two women to help him propose to his girlfriend. David Bossart enlisted the services of professional proposals service duo Daisy and Tiffany to help [...]
Mervyn King and Lily Allen chat music at first day of Ashes Test July 18, 2013 SIR MERVYN King was continuing to enjoy his retirement yesterday. After being spotted watching the tennis at Wimbledon earlier in the month, the former Bank of England governor was at Lord’s for the first day of the second Ashes Test. However, King was not chatting with fellow banking or even cricket chums – he was [...]
Bombardier and Hitachi sign up to build trains July 18, 2013 THE EAST COAST Main Line and the Thameslink route are both in line to run new trains after separate deals were agreed yesterday. The Department for Transport and Hitachi’s European transportation division have agreed a £1.2bn contract to build 30 nine-carriage electric trains for the East Coast route. In a separate deal, train company Southern [...]
Sales revenues rise at Eurostar as passengers flock to new routes July 18, 2013 EUROSTAR, the rail service that links the UK to mainland Europe, said yesterday that passenger numbers and sales revenues both grew in the first half of 2013. Passenger numbers rose by two per cent year-on-year to 4.9m and sales revenues grew by seven per cent to £453m in the first half of the year. The [...]
Sirius Minerals granted deferral on York potash project approval July 18, 2013 BRITISH potash miner Sirius Minerals was yesterday given an extension by the North York Moors National Park Authority to defer the determination of its mining application. The company said earlier in the day that the decision to seek the deferral was “to address issues relating to European habitat legislation and robustly deal with the questions [...]
Bumi takes first steps towards separation from Bakrie Group July 18, 2013 TROUBLED miner Bumi yesterday took the next step in its separation from the Bakrie Group by agreeing to sell its stake in Jakarta-listed Bumi Resources to the Indonesian conglomerate for $501m (£329m). The FTSE 250-listed firm, which has been embroiled in an arduous tug-of-war between its founder Nat Rothschild and the Bakrie family, said that [...]
CRH names insider as new chief July 18, 2013 CRH has appointed chief operating officer Albert Manifold to replace retiring chief executive Myles Lee at the end of the year, the Irish firm said yesterday. Manifold, a 50-year-old former accountant, has been COO and a member of the company’s board of directors since 2009. Lee announced earlier this year that he would retire after [...]
London Mining upbeat on output July 18, 2013 Iron ore miner London Mining said yesterday it expects 2013 production at the higher end of its previous forecast range of 3.3m to 3.6m dry metric tonnes, boosted by higher production at its Marampa mine in Sierra Leone. London Mining, one of the few junior iron ore companies currently producing in West Africa, maintained its [...]
Golden Saint lists on Aim today July 18, 2013 West African diamond and gold explorer Golden Saint Resources began trading on the junior stock market Aim today, having raised £3.5m through a share placement. The firm’s market value at the placing price of 10p per share on admission is around £42m. The proceeds raised will be part used to fund the planned exploration programme [...]
City Moves for 19 July 2013 | Who’s switching jobs July 18, 2013 AXA Real Estate The real estate investment management company has appointed Nathalie Charles as regional head of asset management and transactions for the southern region. She joins from EDF, where she was managing director of corporate real estate. Shawbrook Bank The bank has made three hires to its wholesale lending division. Kieran McSweeney, Marc Sefton and [...]