Kazakhmys narrows chair search August 12, 2012 Copper miner Kazakhmys has reportedly singled out Philip Aiken as its favoured candidate to replace Vladimir Kim as chairman. Aiken, who has been a non-exec at the FTSE 100 company since 2006, is also on the board at recruiter Robert Walters, energy firm Essar and National Grid. Kazakhmys has hired headhunters in recent weeks, after [...]
BLINKBOX SETS UP EXCLUSIVE TV DEAL WITH HBO August 12, 2012 AMERICAN TV network HBO today announced a deal with online streaming service blinkbox, bringing shows such as Game of Thrones (pictured) and Boardwalk Empire to the UK. Users of blinkbox, which was bought by Tesco last year, can watch some shows before their DVD releases. Other HBO favourites include The Wire and The Sopranos.
Going once: Bolt’s baton August 12, 2012 LONDON 2012 has left us all with some unforgettable memories, but for those who like something a bit more tangible and, well, soiled, help is at hand. You’ll need deep pockets, however, so if you baulked at the price of tickets to the Olympics, then the auction of Games artifacts, from a signed Bradley Wiggins [...]
LONDON 2012 IMAGE OF THE DAY August 12, 2012 The City of London was buzzing with Olympics spectators yesterday as the Men’s Marathon took in the Square Mile. Here Emmanuel Kipchirchir Mutai of Kenya and Yared Asmerom of Eritrea run through Leadenhall Market. Restaurants such as the Mercer in Threadneedle Street opened specially for the occasion. Throughout the Olympics, City A.M. will be publishing [...]
Confidence in manufacturing sector is rising August 12, 2012 CONFIDENCE in the manufacturing sector has shot up, though to a level that still indicates an expected decline, while the outlook for the service sector has slipped, according to a report from BDO released today. Manufacturing confidence for the coming two months jumped to 90.5 in July, from 83.8 in June, the largest monthly bump [...]
Industry group warns strength of job market could fade soon August 12, 2012 FIRMS are holding onto staff they don’t need, due to worries that making skilled staff redundant could backfire on them should growth return, said a report released today. However the same study forecasts businesses will lay off workers soon if the economic picture fails to brighten up, Companies intend to boost staffing over the third [...]
London defies national slump August 12, 2012 A RESURGENT London bucked a national downward trend in business activity during July, says a survey released by Lloyds today. London hit a two-month high of 53.3 on the purchasing managers’ index (PMI) survey of business activity for July, well up on June’s 51.6. But the country as a whole collapsed to a 39-month low [...]
Supply shocks prompt on-shoring August 12, 2012 Firms are bringing production back inside the firm after suffering shocks and disruptions to their supply chains, according to a survey released by EEF today. Eighty-two per cent of respondents said that their supply chains were disrupted by recession, with some two fifths seeing a major supplier fail. Therefore, a quarter reported moving to more [...]
Germany prepared to use aid veto August 12, 2012 Germany will veto aid to Greece if it is not satisfied with the findings of the so-called troika, a top official told a newspaper yesterday. Michael Fuchs, deputy head of Chancellor Angela Merkel’s ruling conservative bloc in the Bundestag, Germany’s parliament, told business daily Handelsblatt that even “glass half-full” results wouldn’t be good enough. The [...]
Stelios plans fresh pressure on easyJet to sack chair Sir Michael August 12, 2012 EASYJET founder Sir Stelios Haji-Ioannou is today expected to lose a vote to oust chairman Sir Michael Rake – but he plans to continue in his efforts to remove him. The tycoon will not attend the shareholder meeting he called, but is understood to have drawn up a list of questions for the board on [...]
