Thomson likely to be News Int publishing boss December 2, 2012 RUPERT Murdoch’s News Corporation is this week expected to unveil a revamped leadership structure with Robert Thomson, former editor of The Times and current managing editor of the Wall Street Journal, as the new boss of its publishing breakaway company. Thomson, who is also editor in chief of Dow Jones & Co, is thought to [...]
Europe’s wealthy firms look to spend on acquisitions in 2013 December 2, 2012 MANY BUSINESSES across the Eurozone are in a better position than their economies and governments, and are looking to spend part of their cash piles on acquisitions over the next year, according to top financiers at Deutsche Bank. Good fundraising conditions for healthy firms mean businesses have the opportunity to snap up other firms or [...]
Geithner predicts Republicans will allow higher US tax rates December 2, 2012 US PRESIDENT Barack Obama’s top fiscal negotiator pressed Republicans yesterday to offer specifics on deficit reduction, and predicted they would agree to raise tax rates on the rich to secure a year-end deal to avoid possible economic doom. Treasury secretary Timothy Geithner said “I can’t promise” that the US won’t go over a looming fiscal [...]
Virgin Media in plea to modify internet fund December 2, 2012 AN OVERHAUL of the government’s multi-million pound superfast broadband initiative could be on the cards under Maria Miller, the new culture secretary. Virgin Media is today writing to Miller with a list of recommendations for the government’s criticised £150m urban broadband fund – which was set up by George Osborne to boost internet speeds for [...]
Time running short for deal to extend West Coast rail contract December 2, 2012 VIRGIN Trains and the Department for Transport are set to finally sign a deal to give the rail operator a temporary extension to its West Coast Main Line franchise this week. The franchise contract is due to run out on Sunday, and both sides have agreed in principle that Virgin can run the route for [...]
Happy Bday SMS! Txts turn 20 2day but less msgs being sent December 2, 2012 TWENTY years ago today the first text message – “Merry Christmas” – was sent. The greeting was sent by Neil Papworth, an engineer working for Sema Group in the UK and a member of a team developing SMS software for Vodafone. Today, upwards of seven trillion text messages are sent every year, more than 200,000 [...]
Santa Clauses coming to town December 2, 2012 MORE than 2000 runners in Santa fancy dress took to Battersea Park on Saturday morning for the annual London Santa Run. The festive joggers braved near-freezing temperatures to run 6km and raise money for Disability Snowsport UK, a charity that helps people with disabilities take part in winter sports holidays. Santa runs also took place [...]
Our City Mo Bro winner revealed December 2, 2012 AT the start of last month, The Capitalist challenged readers to send in their scariest and hairiest upper lip specimens to take part in City A.M’s very own Movember contest. The month is now up and teams from all over the City have embraced the Movember spirit of growth and awareness, sporting all sorts of [...]
Roll up to cheer the firms back from the brink December 2, 2012 ROLL up, roll up to the Bloomsbury Big Top. The central London circus tent was the venue for the Institute for Turnaround (IFT) annual awards do. The ceremony recognises companies that have faced financial difficulties but have transformed their businesses to come out stronger than before. Topping the winners’ list was Kate Swann for her [...]
London house prices slide as gloom sets in December 2, 2012 GREATER London saw its first house price fall in a year in November, new data has revealed this morning. This came as forecasts, also published today, saw the UK housing market taking another two years to recover to its pre-crisis peak, before staying stuck in the so-called new normal of weaker house price growth for [...]