Huntsworth revenues fall August 8, 2013 Like-for-like revenues at public relations group Huntsworth fell 0.5 per cent in the first six months of the year, while pre-tax profits slipped from £11.6m to £10.6m. The company, which operates Grayling, Citigate and Huntsworth Health, said strong growth in the US was offset by weakness in Europe and the UK.
Flybe to start new review August 8, 2013 Flybe, whose new chief executive Saad Hammad started last week, is to conduct a full review of all operations in a bid to stem losses, the firm revealed yesterday. The airline sold its Gatwick slots earlier this year and booked £2.7m in restructuring costs in the last quarter. The firm said quarterly group revenues rose [...]
A treadmill desk to fight the fat at US law firm August 8, 2013 LONDON law firms yesterday scoffed at the latest multi-tasking trend from those imaginative folks across the pond – running and working at the same time. In a bid to help staff battle the bulge Ohio law firm Taft Stettinius and Hollister is the first to embrace the idea, by installing desks with treadmills underneath. Partner [...]
Row our boat gently down the Channel say Seven Investment August 8, 2013 AN INTREPID team of eight novice rowers from City firm Seven Investment Management are setting sail for France tomorrow, in a bid to row 21 miles across the channel. None had rowed before “except in the gym”, they told The Capitalist. But having raised £12,388 so far for the Ahoy Centre, a charity that helps [...]
Greek jobless at fresh high as PM meets Obama August 8, 2013 GREEK Prime Minister Antonis Samaras met with US President Barack Obama yesterday, promising to continue reforms as the country registered another rise in unemployment. May’s figures on the number of jobless people in the troubled Mediterranean economy confirmed another increase, to 27.6 per cent, up to 1.38m people, the highest of any country in the [...]
Savills and Bellway boosted by stronger UK property market August 8, 2013 PROPERTY consultancy Savills said yesterday it enjoyed a 40 per cent rise in first half profits boosted by strong property markets in the UK and Asia. Underlying profit before tax grew to £26m in the six months through June from £19.7m in the same period last year, on revenue up 13 per cent to £399m. [...]
Adecco says job market improving August 8, 2013 European labour markets have reached a turning point, the world’s biggest staffing firm Adecco said yesterday, as it beat second-quarter profit expectations and saw its shares surge to a two-and-a-half year high. Adecco’s underlying revenues, excluding currency moves and acquisitions, fell three per cent in the second quarter to €4.93bn (£4.24bn), in line with expectations [...]
China probes Novo Nordisk August 8, 2013 Chinese authorities have visited a site operated by Danish drugmaker Novo Nordisk, the world’s biggest maker of insulin, in the latest sign of a widening investigation into western drugmakers. The firm said it co-operated with the visit, as it revealed a better-than-expected 12 per cent rise in quarterly profits to 8.59bn crowns (£964m) and raised [...]
Adidas sees sales slump August 8, 2013 German sportswear giant Adidas lowered its sales forecasts yesterday to “low- to mid-single digit” growth following poor figures in the US and western Europe. In its first-half results the firm reported that like-for-like sales dropped in western Europe to €1.9bn (£1.64bn). The sports giant said that this was largely down to increased event related sales [...]
City Moves for 9 August 2013 | Who’s switching jobs August 8, 2013 Clayton Euro Risk The risk management company has announced the appointment of Konstantine Pastras as client development and strategy director. Pastras specialises in residential mortgage-backed securities. He has previously held various roles at DBRS Ratings, Fitch Ratings and Investec. Financial Conduct Authority The regulator has appointed four directors in its supervision division. William Amos was previously [...]