Norcros increases dividend June 21, 2012 UK and South Africa-focused consumer products group Norcros upped its dividend yesterday after its group revenue increased by 5.6 per cent in the year to 31 March. Profits of £12.1m were 3.5 per cent higher than in 2010. The company will issue a final dividend of 28p per share in addition to the interim dividend [...]
Wood Group wins Shell contract June 21, 2012 Energy services firm Wood Group has been awarded a multi-year engineering, procurement and construction management (EPCM) framework agreement by Shell Oil Products US. The agreement has been awarded to Wood Group’s Mustang division.
How a red tie curries favour at Santander June 21, 2012 The men in red ties appeared to have taken over the Ladies’ Smoking Room at the St Pancras Renaissance hotel the other evening as Santander UK hosted its very pleasant summer drinks party. All the Santander men present wore red ties, although a spokesman yesterday said there had been no order to do so. The [...]
14 year old takes Bank of America prize June 21, 2012 BANK of America Merrill Lynch’s Student Presentation Skills prize 2012 has gone to 14 year old Wahida Tasnim, after the panel heard her vehement speech on climate change. Tim Loughton MP, parliamentary under secretary of state for children and families, who opened the event said: “We were all thoroughly impressed by the high standard of [...]
WOOTTON’S ON TOP OF THE WORLD June 21, 2012 ONE hundred people, including the Lord Mayor’s daughter Sophie Wootton (pictured), took part in an abseil down the side of the Lloyd’s building for the Lord Mayor’s Appeal on behalf of the Trauma Unit at the Royal London Hospital.
WHO’S SWITCHING JOBS June 21, 2012 Osborne Clarke Sue Gold has joined the law firm as a partner in its privacy and data protection team. She joins from the Walt Disney Corporation, where she was principal counsel for Europe, Middle East and Africa. Gold has over 15 years’ experience in data protection and previously worked for five years at UBS. LV [...]
BEST of the BROKERS June 21, 2012 BRAMMER Espirito Santo has upgraded the support services firm from “sell” to “neutral” with a target price of 268p, saying that although risks remain, there are improved rewards associated. The broker has downgraded its 2012 earnings per share forecast by eight per cent and fair value by 11 per cent, but says the firm has [...]
Xstrata puts £1.3bn copper project up for sale June 21, 2012 Mining giant Xstrata has put a stake in a copper project in Papua New Guinea up for sale as it reviews its development projects. Disposing of the stake, potentially worth more than $2bn (£1.3bn) is a response to uncertainty over global growth, rising costs and falling commodity prices. Xstrata has not yet decided whether to [...]
FED TWISTS AGAIN June 20, 2012 A WORSE than expected outlook for the US economy has prompted the Federal Reserve to extend its stimulus programme known as Operation Twist to the end of the year, although it stopped short of expanding the overall size of bond purchases. Markets initially sank last night as the Fed revealed that it was not launching [...]
Greece clinches coalition deal to battle bailout terms June 20, 2012 GREEK conservative party head Antonis Samaras was yesterday sworn in as Prime Minister at the helm of a three-party coalition dedicated to keeping the debt-stricken country in the euro but demanding softer terms on its international bailout conditions. The agreement between New Democracy, the socialist party Pasok and the smaller Democratic Left comes three days [...]