Mitie revenue boosted by key contract wins November 19, 2012 REVENUE at outsourcing firm Mitie jumped 5.6 per cent over the six months to September, as it hailed recent contract wins for the boost. Turnover jumped to £1.03bn as the FTSE 250-listed company was flattered by several large contract wins, including a £775m deal with Lloyds Banking Group, thought to be its largest-ever contract. Total [...]
Lamprell increases loss forecast following review of business November 19, 2012 RIG maker Lamprell yesterday warned that its losses for the full year would increase significantly, six weeks after axing three executives following its fourth profit warning of the year. The company now anticipates a total loss of $105m (£66m) for the year as a result of delays to projects, up from previous projections of between [...]
What are your thoughts on Mitie’s half-year results? November 19, 2012 ANDY BROWN | PANMURE GORDON These are solid first-half results from Mitie with profits up two per cent. While challenges remain in its main markets the group has increased its order book, providing high revenue visibility, and management expect further progress to be made. We maintain our neutral stance. CAROLINE DE LA SOUJEOLE | SEYMOUR [...]
Smart savings for the poor November 19, 2012 OUR Christmas Appeal in support of Opportunity International has got off to a flying start this year. Since the appeal was launched just last week, £212,568 has already been raised. Such a healthy start to the 2012 campaign puts us in a good position to match or even surpass last year’s appeal total of £1.58m, [...]
How to give November 19, 2012 TWEET #cityamappeal with details of why you’ve donated. These comments may be printed in future editions of City A.M. 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: [...]
CBI’s Carr says Britain should stay within EU November 19, 2012 THE GOVERNMENT must avoid an exit vote in any EU referendum, the UK’s most prominent business lobby said yesterday, in order to preserve trade links with its “old friends” on the continent. “Whilst we look for new partners, we must not forget old friends,” said Sir Roger Carr, president of the Confederation of British Industry, [...]
Lawyers and business at odds over Cameron’s appeals plans November 19, 2012 LAWYERS said David Cameron’s plans to cut down on judicial reviews, announced in a speech yesterday, were a red herring when it came to promoting economic growth, but business groups responded warmly to the proposals. The Prime Minister had promised to cut back judicial reviews, saying many were “completely pointless” – but Adam Chapman at [...]
Cable says trade with emerging markets is not a zero sum game November 19, 2012 FAST GROWTH in developing countries represents an opportunity as well as a challenge, claimed Dr. Vince Cable yesterday. “Global growth is undeniably good news,” he told the Confederation of British Industry’s annual conference. “We should welcome the fact that vast swathes of humanity…are now clawing their way out of poverty – they will expand the [...]
Lots of luxury in Whitehall for Walpole bash November 19, 2012 BACK to Banqueting House in Whitehall again this year for the 11th Walpole Awards for Excellence. Anthony Head was master of ceremonies for the luxury body’s annual gathering. The actor, of Gold Blend coffee advertisements and Buffy the Vampire Slayer fame, was perhaps a less “on brand” choice of host than last year’s compère – [...]
Beazley 2013 calendar boy strikes a pose November 19, 2012 As a Team GB Olympic fencer, Husayn Rosowsky is no doubt used to having his photo taken by the press. However The Capitalist learns that the Olympic sportsman has found himself cast as the new star of an unlikely publication. Beazley, British Fencing’s sponsor and specialist Lloyd’s insurer, was shooting in the City last week [...]