FOOD & BOOZE NEWS October 11, 2010 BAR BATTU OPENS ON GRESHAM STREET The City’s latest bar and bistro to open is Bar Battu on Gresham Street (it used to be Molloy’s). For décor, think loft-style chic: exposed brick walls, reclaimed wood flooring, industrial lights and plenty of banquettes. Chef Sydney Aldridge, an alumnus of Galvin Bistrot de Luxe, is offering dishes [...]
Greece stalls on bailout loan October 11, 2010 Greece is discussing prolonging the repayment of a €110bn (£96bn) EU/IMF bailout deal, finance minister George Papaconstantinou told Greek Skai television yesterday. “It is an ongoing discussion, there is no decision but this is completely different from the issue of restructuring of the Greek debt,” Papaconstantinou said. The International Monetary Fund said on Sunday that [...]
YouGov boosts UK profits after success of instant polling and general election October 11, 2010 INCREASED appetite for instant polling results and the general election helped YouGov post a 60 per cent hike in annual UK?operating profits, the pollster said yesterday. YouGov reported UK operating profit of £3.4m in the year ending 31 July, on UK revenues that were nine per cent higher at £12.1m. YouGov chief executive Stephan Shakespeare [...]
FFastFill wins contract with Bahrain Exchange October 11, 2010 DERIVATIVES software provider, FFastFill, has signed an agreement with the Bahrain Financial Exchange (BFX) to offer vendor software to the exchange and its users. FFastFill, which supplies Software as a Service (SaaS) to the derivatives community, said that it will provide the BFX with connectivity to its community of banks and brokerage firms. BFX’s clients [...]
Compass finance boss set to join Enterprise Inns October 11, 2010 NEIL Smith, finance director at Compass Group, has been appointed as chief financial officer of Enterprise Inns. He is taking over from David George, who will step down from the post at the end of January after a 20-year stint in the role. He joined the pub group at its inception in 1991. Smith will [...]
BEST OF THE BROKERS October 11, 2010 NOKIA Goldman Sachs issues a “neutral” rating for Nokia as the broker thinks the phone group will continue to trade in-line with near-term earnings momentum, which it believes is turning positive. However, the broker says the long-term risks to Nokia’s smartphone share remain high and warns the stock could prove a “value trap”. PRUDENTIAL JP [...]
Aardman records post tax profit October 11, 2010 City A.M. said yesterday Aardman Holdings, the firm behind Wallace & Gromit, swung from a £1m profit to a £2.5m loss last year. This is a pre-tax figure and Aardman has asked us to clarify that tax credits worth £2.9m pushed the firm back into the black. After other taxation was deducted the firm recorded [...]
Air Partner wins DFID contract October 11, 2010 Air Partner is to become the sole provider of all passenger and freight air charter services for the government’s department for international development (DFID) for the next four years. The new contract, which is effective immediately, will see Air Partner provide logistical support to the DFID’s global aid assignments. It won the contract after a [...]
Newsweek in Beast tie-up talks October 11, 2010 US weekly magazine Newsweek and the Daily Beast news website are exploring possibilities to combine their operations and the likelihood of a deal is increasing, it is understood. A deal would make Daily Beast co-founder and co-owner Tina Brown the editor of Newsweek on top of her existing editorial duties at the website. Sidney Harman [...]
All aboard…a £10m private yacht October 11, 2010 CANNES is just the place for a yacht show – where else do azure waters and extreme wealth collide in such an exquisite feast of bling? Other expos take place in Fort Lauderdale, Miami and Dusseldorf, but only in Cannes do glass cases full of De Beers diamonds and Fendi trunk shows feel so natural [...]
