Great Scot! It’s Aberdeen Asset’s Caledonian awards November 28, 2012 TO Ranald MacDonald’s Boisdale restaurant for the Aberdeen Asset Management Great Scot Awards 2012. Bagpipes were blaring to welcome tartan–clad guests to the patriotic dinner, held in association with City A.M. and Johnnie Walker Blue Label. Winners included Lord Steel of Aikwood, fashion designer Pam Hogg, actor Jamie Sives and Olympic gold medallist Tim Baillie [...]
Valere Capital backs our appeal November 28, 2012 THE CAPITALIST asks Mark Preston, principal of Valere Capital, why the firm is supporting the City A.M. Christmas Appeal this year. Why are Valere Capital supporting Opportunity International? The relationship between us came about due to my involvement with Opportunity when I was co-head of Corporate Markets at Lloyds TSB. With the support of my [...]
How to give November 28, 2012 online at: www.cityam.com/appeal by text CITY13 and amount (£5 or £10 only) to 70070 Text donations may not work from company mobile phones as these often block premium messages. credit or debit card by phone to Opportunity International (01865 725 304) If donations exceed our programme needs in Africa, they will be deployed elsewhere. TWEET [...]
Nokia looks for BlackBerry ban after court win November 28, 2012 NOKIA has won a significant victory over the company that makes BlackBerry smartphones, the Finnish firm revealed yesterday, with a court deciding that its patented Wi-Fi technology was being used without permission. Research in Motion (RIM) now faces the prospect of having to change the technology used in its devices or pay fees to Nokia. [...]
CGI Group posts fourth-quarter loss after Logica acquisition November 28, 2012 CANADIAN IT services company CGI Group yesterday reported a fourth-quarter loss due to costs associated with its acquisition of Logica. The Montreal-based company completed the $2.64bn (£1.65bn) acquisition of its larger Anglo-Dutch rival Logica in August and recorded a related charge of C$248m in the quarter. CGI posted a loss of C$168m, or 58 Canadian [...]
Comet forecast to leave high street by Xmas November 28, 2012 COMET’S administrators yesterday confirmed they are to close a further 125 stores and may shut the entire business by the end of the year unless a buyer can be found, in a devastating blow for the high street. Deloitte said just 70 stores of the original 236 stores will continue to trade until all of [...]
There are rays of hope in a sluggish City jobs market November 28, 2012 CONSIDERING the current employment climate in the City, and the ruthless job cuts hitting the headlines, you would be forgiven for considering packing your bags and taking an early retirement in the country. A report released by Roland Berger Strategy Consultants last week showed that investment banks are set to lose another 40,000 jobs in [...]
Nestle turns to China in bid for herbal remedy November 28, 2012 THE HEALTH unit of Nestle yesterday launched a tie-up with a company that specialises in traditional Chinese medicine in a bid to develop novel medicines derived from plants. Nestle Health Science is expected to plough at least £100m into the joint venture with London-listed Chi-Med, which creates a new company called Nutrition Science Partners (NSP). [...]
Luxury firm PPR close to a deal to sell off Redcats plus-size unit November 28, 2012 THE Redcats mail order unit of French retail and luxury group PPR SA is in late-stage talks to sell its plus-size fashion business to Boston-based private equity firm Charlesbank, according to four sources. The deal for OneStopPlus will likely be between $400m and $500m (£250m to £300m), the sources said. Earlier this month, PPR’s Redcats [...]
Gatwick looks to grow through single runway as traffic rises November 28, 2012 GATWICK executives talked up the airport’s chances of competing with London’s biggest hubs yesterday as the firm posted rising revenues and traffic. Britain’s second-biggest airport said passengers rose 1.2 per cent on last year to 19.9m in the half-year to the end of September. Turnover jumped 3.6 per cent to £325.8m, helped in part by [...]