LONDON 2012 IMAGE OF THE WEEK June 14, 2012 BRITISH Airways has unveiled a giant image of Jessica Ennis, the heptathlete, on the Heathrow flightpath. It will welcome visitors to Britain for the next five weeks. Between now and the start of the Olympics, City A.M. is publishing its Olympic Image of the Week. If you have a shot you think our readers will [...]
Wincanton looks to strong future June 14, 2012 Haulier Wincanton said yesterday its UK and Ireland markets were performing well both in securing existing contracts and winning new business and that it expected a strong future despite challenging market conditions. April to March underlying profit fell to £28.8m from £30m a year ago. Revenue dropped nine per cent to £1.2bn.
Balfour wins £300m road contract June 14, 2012 Balfour Beatty said yesterday that a joint venture it is leading had won a £300m contract to maintain roads in the north west of the UK. The five-year deal, in partnership with consultants Mott MacDonald, was awarded by the Highways Agency and covers roads in Manchester, Cheshire, Merseyside and Lancaster.
Filtrona buys cleaning materials firm June 14, 2012 Plastics, fibre and foam supplier Filtrona has paid $43.5m (£28m) for Lymtech Scientific, a manufacturer and distributor of speciality wiping materials for the cleaning industry. The firm said yesterday the purchase was made on a debt-free basis, and funded from existing facilities. In 2011, Lymtech made profits before tax of $5.7m.
CITY MOVES | WHO’S SWITCHING JOBS June 14, 2012 iCon Infrastructure Iain Macleod has been appointed as a partner at the investment firm, effective July 2012. He joins iCon’s private institutional European infrastructure team from Deutsche Bank, where he served as head of transportation and infrastructure for Europe, Middle East and Africa, and head of mergers and acquisitions for Asia. International Standard Asset Management [...]
BEST of the BROKERS June 14, 2012 H&M Liberum rates the fashion chain “sell” with a target price of SEK170. The broker thinks H&M will struggle to leverage costs and maintain its gross margins in a tough time for European clothes retailers. But it expects like for like sales to rise 1.3 per cent at the firm’s quarterly results on Wednesday. TUI [...]
Spanish worry keeps FTSE low June 14, 2012 BRITISH blue chips dipped yesterday, edging down towards recent six-month lows as a surge in Spanish bond yields to record highs cast the spotlight back onto the problems in top trading partner the Eurozone. Uncertainty ahead of Greek elections at the weekend – which may decide whether the country stays in the currency or opts [...]
Central banks pledge aids US June 14, 2012 US stocks jumped yesterday following the news major central banks are preparing coordinated action if the results of Greek elections this weekend lead to turmoil in financial markets. Energy was the top-gaining S&P sector, rising 1.7 per cent, helped by a two per cent rise in US crude oil prices. Chevron was a top boost [...]
Businesses should be planning for the scenario of a Eurozone collapse June 14, 2012 WITH Greece going to the polls on Sunday, the Eurozone crisis continues to dominate. While we are in uncharted territory – there is no legal or jurisdictional framework that allows for a euro collapse, or exit from the currency by one or more countries – businesses can assume three scenarios to set plans against: a [...]
Nimble thinkers can leave long-term visionaries locked in a time warp June 14, 2012 IN WESTERN Texas, they’re building a clock in a mountain designed to last for 10,000 years. The project, backed by Amazon chief executive Jeff Bezos and many other tech luminaries, will take decades to complete and is the centrepiece of a movement to encourage more long-term thinking. The foundation behind it makes a point of [...]
