Insurers face hit from floods as severe weather sweeps the UK June 12, 2012 BRITISH insurers face big claims for flooding after the heavy rainfalls across the country this month, making it harder for them to hit profit targets and potentially forcing them to raise premium rates for consumers, analysts said yesterday. Hundreds of people were evacuated in west Wales at the weekend after floods swamped caravan parks and [...]
NOBEL LAUREATE OSTROM DIES AGED 78 June 12, 2012 Elinor Ostrom, a professor at Indiana University who was the first woman to win the Nobel Prize for economics, died yesterday from cancer, the university said. She was 78. Ostrom received the 2009 Nobel Prize in Economic Sciences for research on the ways that people organise themselves to manage resources.
£50m offer for Guardian radio June 12, 2012 GLOBAL Radio is thought to have tabled the largest bid at around £50m for Guardian Media Group’s radio business. It is understood that three offers have been submitted for GMG’s radio arm, which was reported in the company’s financial results last year as being worth almost £119m. Global Radio is the largest commercial radio operator in [...]
Referendum for Falklands June 12, 2012 THE GOVERNMENT of the Falklands said yesterday it will hold a referendum next year to “eliminate any possible doubt” about the islanders’ wishes to remain British in the face of Argentina’s sovereignty claims. “Britain will respect and defend their choice,” said Prime Minister David Cameron in a statement. Britain and Argentina in 1982 went to [...]
Sporting success as Olympic interest heads for gold ahead of Games June 12, 2012 IT is not just the competitors who look for success at sporting events. Both Euro 2012 and the London Olympics have numerous high profile sponsors who will be desperate to gain traction from their association. But before they can do that, they need consumers to be engaging with those events. YouGov’s SportsIndex works in a [...]
Remy Cointreau pays special divi June 12, 2012 Remy Cointreau, the French spirit group, said yesterday that it would hand investors a special dividend for the second year running after booming demand for its premium cognac in Asia lifted full-year profits. The group, famous for making Remy Martin cognac and Cointreau liqueur, said it was confident it could generate “steady and profitable growth”.
ENRC pledges more transparency June 12, 2012 ENRC investors approved all resolutions at the mining group’s shareholder meeting yesterday, as the firm promised a simpler and more transparent structure. New chairman Mehmet Dalman said this would include streamlining an African structure that has ENRC controlling its operations through several holding companies with shareholders who are not fully disclosed.
UBS triumphs in latest Extel awards survey June 12, 2012 THEY call them the Oscars of the City and yesterday the BBC’s presenter Emily Maitlis compered the 39th annual Thomson Reuters Extel survey, celebrating the City’s top performing professionals. Most notably, perhaps, Swiss bank UBS won the award for the leading pan-European brokerage firm for equity and equity-linked research for the twelfth year in a [...]
StanChart to start review of public relations June 12, 2012 STANDARD Chartered, the emerging markets bank that has been advised on its financial public relations for the past 10 years by Roland Rudd’s RLM Finsbury, is looking for a change. RLM Finsbury has been “put on notice”, a Standard Chartered spokesman says, and the bank is interviewing a host of public relations groups to see [...]
GSK buys new eczema drug in £146m deal June 12, 2012 BRITISH pharmaceutical giant GlaxoSmithKline (GSK) yesterday announced that it has bought the rights to a new anti-eczema drug from Swiss firm Basilea for an initial £146m. Basilea will also receive additional payments of up to £50m if the drug is approved for use in the United States, as well as a substantial cut of future [...]
