APR full-year outlook on track July 24, 2013 Temporary power provider APR Energy yesterday unveiled revenues of $87.2m (£57m) in the first half of the year, in line with expectations. The company also said it had secured a $150m term loan expansion of its credit facilities from $400m to $550m, arranged by a consortium of banks. Full-year outlook remains unchanged and the firm [...]
Ofwat appoints new chief exec July 24, 2013 Water regulator Ofwat has appointed Cathryn Ross as its new chief executive. Ross is currently executive director of markets and economics at the Office of Rail Regulation and is expected to take up her new role on 14 October. She returns to Ofwat after three years, having served as director of markets and economics between [...]
City Moves for 25 July 2013 | Who’s switching jobs July 24, 2013 bfinance The consultancy has announced the appointment of Roubesh Adaya as a senior associate in its research team. He will be covering research into fixed income asset investments, and joins from BNP Paribas Asset Management. Barclays Vivian Chan has joined the bank as regional head of north Asia in its wealth and investment management division. Chan [...]
Best of the Brokers for 25 July 2013 July 24, 2013 INFORMA Numis has maintained its “add” recommendation on Informa stock ahead of the group’s half year results next week, with a target price of 557p. The analysts said a “solid” set of numbers were expected but there was “limited scope” for an upgrade at this point in the year. WANDISCO Panmure Gordon has affirmed its [...]
London Report: FTSE rises amid signs of growth in UK economy July 24, 2013 A WAVE of upbeat corporate earnings pushed Britain’s benchmark equity index back towards seven-week highs yesterday, with signs of resilience among British consumers as the economy recovers. Kingfisher added 3.1 per cent after Europe’s biggest home improvements retailer reported a return to underlying sales growth in Britain, while budget airline EasyJet gained 3.7 per cent [...]
New York Report: Weak results drag the Dow from its record July 24, 2013 US STOCKS mostly retreated yesterday as losses in utility and commodity shares more than offset gains in the tech sector on Apple’s solid earnings. The Dow Jones industrial average ended slightly lower on the day after closing at a record high. Caterpillar and AT&T dragged on the Dow following weak results on a day when [...]
How to secure a place on the MBA course of your choosing July 24, 2013 Business schools will typically look for three different qualities DECIDING to study for a Masters of Business Administration (MBA) is a significant step. But it is arguably the easiest part of the process: far harder is securing a place at your preferred school. According to QS TopMBA, most candidates apply on average to between two [...]
Don’t get tangled in the web July 24, 2013 Web wizard Andrew MacKay gives his top tips on how to get the most from developers if you’re thinking of taking your business online YOUR website might have been cutting edge in 2003, but with the current rate of technological change, one that’s even a few years old is the modern equivalent of a shop [...]
Standard & Poor’s cuts ratings on 18 Italian banks citing prolonged high cost of funding July 24, 2013 Ratings agency Standard & Poor’s has cut its ratings on 18 Italian banks, citing increased industry risks from a sustained higher cost of funding than in most other eurozone banking markets. It added that it doesn’t see Italy’s downward per capita GDP trend reversing in 2014. The rating cuts complete a review initiated after S&P [...]
Hollande subject to further ridicule as French jobless claims hits record high July 24, 2013 The number of people claiming unemployment benefits in France shot to a record high of 3.279m in June – up 11.2 per cent from the year before and half a percentage point from May 2013. This will be a blow for French president Francois Hollande who infamously said earlier this month that “the economic recovery [...]