CITY MOVES | WHO’S SWITCHING JOBS December 12, 2011 Cushman & Wakefield The global property consultant has expanded its EMEA sustainability team by appointing Justy Mathew as sustainability analyst, based in London. He joins from Pensions & Investment Research Consultants, where he worked on corporate social responsibility. Reporting to Andries van der Walt, head of sustainability for EMEA, Mathew will deliver sustainability consultancy for [...]
BEST OF THE BROKERS December 12, 2011 ASSOCIATED BRITISH FOODS Panmure Gordon rates the owner of Silver Spoon and Twinings as a “buy” and said it remained confident of its 14 per cent earnings per growth forecast for the year. ABF last week confirmed that trading for the first two months of the year is in line with expectations and that it [...]
Time Warner offers €1bn for Endemol December 12, 2011 Time Warner has offered 1 billion euros (£847m) in cash to buy television production company Endemol, maker of Big Brother, which is trying to restructure about 2 billion euros of debt, an Endemol spokesman said on Monday. The spokesman said Endemol believed it had a future as an independent company and was no more likely [...]
S&P heaps more pressure on Eurozone December 12, 2011 Ratings agency Standard & Poor’s put more pressure on the Eurozone, with its chief economist saying time was running out for the currency bloc to resolve its debt problems and that it might need another financial shock to get it moving. Jean-Michel Six, chief economist of the agency that shocked financial markets last week by [...]
Banks stocks fall as FSA calls for tighter regulation December 12, 2011 The FTSE 100 was pegged back by miners and banks in early trading as the Eurozone continued the struggle to dig itself out of the sovereign debt crisis Domestically the decision by the Government to shun a Eurozone agreement on closer fiscal ties was sinking in with cracks appearing in the coalition over the move. [...]
Pearson sells FTSE stake to LSE for £450m December 12, 2011 British publishing group Pearson is to sell its 50 per cent stake in the FTSE International group to the London Stock Exchange for £450m as part of its drive to focus on news and analysis and away from data. The LSE said it would fund the deal from existing resources and said it would enable [...]
RBS dragged down by poor management says FSA December 12, 2011 Royal Bank of Scotland gambled with its purchase of Dutch bank ABN Amro and was dragged to the brink of collapse three years ago by poor management decisions and flawed regulation and supervision, a report said on Monday. The long awaited report by Britain’s Financial Services Authority, running to 452 pages, criticised former Chancellor and [...]
Lib Dem agony as voters back veto December 11, 2011 THE LIBERAL Democrats were in disarray yesterday with senior cabinet figures lashing out over David Cameron’s veto of a new EU treaty on Friday – but they stopped short of quitting as two polls showed public opinion firmly against them. The first post-veto polling showed that Cameron’s move is popular with voters: a Daily Mail [...]
Review to slam out of town retail December 11, 2011 RETAIL expert Mary Portas, who is charged with saving the ailing British high street, is tomorrow set to unveil a list of proposals including new taxes on out-of-town car parks, a “town centre first” policy and plans for a national market day. The high street review, commissioned by Prime Minister David Cameron seven months ago, [...]
Asian growth boosts KPMG December 11, 2011 BIG four accountancy firm KPMG today reports a strong rise in annual revenue on the back of increased sales in emerging markets. The practice said revenue rose 10.1 per cent to $22.7bn (£14.5bn) for the year to 30 September. As well as financial services, the results were driven by member firms seeing work grow in [...]