David Lloyd launches high street gym chain August 27, 2012 David Lloyd Leisure, the tennis-based health and fitness club group, said yesterday it plans to launch a chain of smaller studios on British high streets to target busy workers looking for more flexible workout regimes. The group, controlled by London & Regional and Caird Capital, said it will invest £500,000 in opening three trial sites, [...]
On your marks: City gets ready for ferret racing August 27, 2012 IT’S just two days before entries to the Square Mile’s first ferret racing contest close, so you’d better get your entry in quick if you’re interested. The lack of your own ferret is no excuse. The Hants and Berks Ferret club, which promotes the welfare and protection of working and rescued ferrets, will provide anyone [...]
Rugby stars descend on the City August 27, 2012 A QUIET summer day in the City was last week livened up by the presence of rugby stars including England captain Chris Robshaw. Seven Investment Management hosted the one-day work experience, which emphasised the importance of planning life after rugby. Fighting your way out of a scrum is a useful skill in these banker-bashing times.
The Capitalist August 27, 2012 ■ With the Paralympics set to open tomorrow The Capitalist is looking forward to falling into the grip of sports obsession once again. But if you’re still reminiscing about Team GB’s Olympic glories, and want to give some money to a good cause, have a look at the Mayor’s Fund for London auction. For City [...]
Top hedgies run 40pc of market August 27, 2012 EUROPE’S five biggest hedge funds boosted their market share of managed assets to 40 per cent last year, further concentrating investor assets into a handful of hedge fund managers. The assets of this year’s top five managers – Man Investments, Brevan Howard, BlueCrest Capital Management, Winton Capital Management and Standard Life Investments – increased to [...]
Aquantum launches its own fund management business August 27, 2012 AQUANTUM Group, a quantitative index provider led by a group of former scientists, yesterday announced plans to roll out its own fund management business. The firm, which has a UK office in Oxford in addition to bases in Munich, New York and Luxembourg, will start offering managed futures funds for high net worth individuals and [...]
Fox Marble set to list on Aim August 27, 2012 THE ALTERNATIVE Investment Market is set to list its first known Kosovan marble miner after quarrying firm Fox Marble Holdings today announced the completion of a £9.65m fundraising round. Fox, which quarries marble in Kosovo, said it had completed the fundraising of £6.59m of ordinary shares and £3.06m of convertible loan notes and is set [...]
Russia’s Rusal cuts its capacity August 27, 2012 Russian group Rusal, the world’s largest aluminium producer, said yesterday that it would cut capacity three per cent by the year-end and was taking a charge on its investment in Africa, as it grapples with weak prices and rising power costs. Rusal, which produces nine per cent of the world’s primary aluminium, has been hurt [...]
Sinopec eyes injection of assets August 27, 2012 Sinopec Group, parent company of Asia’s largest refiner, Sinopec, is working on a plan to inject its overseas assets into its listed unit, its chairman said yesterday, a move aimed at cutting the unit’s exposure to unprofitable refining at home. “We are evaluating our upstream assets. Once it is done, we will inject them into [...]
Survey reveals summer setback for UK services August 27, 2012 THE UK’s services industry has suffered a hugely disappointing performance in the last three months, with shrinking business and tumbling confidence, a survey of the country’s biggest sector shows today. Both consumer services and professional services reported that business shrank in terms of volume and value, the Confederation of British Industry (CBI) research reveals. Back [...]
