Visa set to buy CyberSource April 21, 2010 Visa said yesterday it would buy CyberSource, a company that helps retailers accept online payments, to boost its business in fast-growing areas such as emerging markets and online commerce. Visa, the world’s largest credit and debit card processor, would pay $26 a share, or about $2bn (£1.3bn), for CyberSource. That amounts to a premium of [...]
Mears secures £170m contract April 21, 2010 Leading social housing repairs and maintenance service provider Mears was awarded a long-term partnership contract with the London Borough of Lambeth yesterday. The seven-year contract, valued at £170m, will aid in providing “responsive repairs, void refurbishment, estate management, decent homes and planned maintenance” and is expected to start in October 2010.
St James’s is winner as ISA sales rocket April 21, 2010 WEALTH management group St James’s Place yesterday announced a record quarter for new business with total new investments of £1.1bn. The company said its most closely followed measure of new business, a combination of regular and single premiums, was up 42 per cent from a year earlier at £133.3m. Deutsche Bank analysts had expected a [...]
Captain Wentzel gives Leeds a lift ahead of £1m showdown April 21, 2010 LEEDS CARNEGIE have been handed a boost ahead of this weekend’s £1m relegation showdown with Worcester after captain Marco Wentzel vowed to stay at Headingley regardless of the result. The Tykes take on fellow strugglers Worcester in a crunch six-pointer on Sunday, which will go a long way to determining who drops out of the [...]
Anderson’s six of the best hands England a boost April 21, 2010 ENGLAND paceman James Anderson showed selectors he is over his recent injury problems with an impressive six-wicket haul as Lancashire put Essex to the sword at Chelmsford yesterday. Anderson, 27, missed the recent tour of Bangladesh after undergoing surgery on his troublesome knee injury. But it didn’t take him long to rediscover his best form, [...]
Private client managers enjoy time to grow April 21, 2010 PRIVATE client investment managers and stockbrokers have had a good recession but challenges remain as they seek to strengthen their positions against future uncertainties such as increased regulation. Last year’s massive influx of funds from the private client arena was likened to a “sugar rush” by the head of one small City stockbroker. Millions of [...]
EADS to bid on key US tanker contract April 21, 2010 DEFENCE aircraft manufacturer, EADS, yesterday announced intentions to formally tender a bid for a $35bn (£22.7bn) contract with the US Air Force. The move comes months after the European defence company pulled out of a joint tender with Northrop-Grumman for the work. Should July’s bid become successful, EADS could be awarded with the contract to [...]
BEST OF THE BROKERS April 21, 2010 THORNTONS Execution Noble has downgraded its rating of Thorntons from “buy” to “sell”. It says the chocolate-maker wavered at the January trading update, when the store sales trend was weaker than expected. It warns that earnings are likely to be volatile making it hard to support a positive investment case. THE RESTAURANT GROUP Seymour Pierce [...]
United rated most valuable in world April 21, 2010 MANCHESTER United are the most valuable team in world sport at £1.19bn, according to the authors of a new report. The Premier League leaders come top of Forbes magazine’s list of the 20 most valuable football teams, with Real Madrid second (£859m) and Arsenal third (£767m). That also puts them ahead of American football giants [...]
CITY MOVES | WHO’S SWITCHING JOBS April 21, 2010 Royal London Asset Management The asset management firm has promoted Ian Goulsbra to the role of head of wholesale relationships, effective immediately Goulsbra joined RLAM in 2007 as a business development manager for the south of England. He was previously at Premier Asset Management, where he was head of institutional sales, and also spent time [...]
