London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Christmas boost helps Royal Mail continue growth January 22, 2015 A MERRY return on Christmas parcels has allowed Royal Mail to report a one per cent growth in revenues for the first nine months of the year, the company revealed in a trading update yesterday. Parcel volumes for the nine months were up three per cent, compared to two per cent in the first half. [...]
Davos 2015 World Economic Forum: Top execs gather for grand old Duke of York January 22, 2015 It takes a lot to overshadow a quantitative easing programme on the scale of the one announced by the European Central Bank yesterday, but the Duke of York’s private life somehow managed it. Squeezed eight-deep into the Salon Rotary at the Belvedere Hotel, bosses from BP, Citi, Marks & Spencer and Diageo turned up to [...]
Chemring Group hit by spending cuts as profits dive January 22, 2015 British defence contractor Chemring Group yesterday reported a 41 per cent dive in underlying pre-tax profit, hurt by military spending cuts. It added it was yet to see a big increase in demand despite geopolitical tensions in many parts of the world. Full-year pre-tax profit fell to £30.3m from £51.6m a year earlier. Revenue fell [...]
Oxford Instruments warns over weak Russia and Japan trading January 22, 2015 OXFORD Instruments issued a profit warning yesterday, citing weak trading in Russia and Japan. The company, which makes maintenance systems and parts for CT and MRI scanners, warned of a nearly 26 per cent fall in full-year profit. It added that it expects revenue for the second half to be below market expectations. Shares in [...]
With fibre rolling out CityFibre eyes 2015 growth opportunities January 22, 2015 WHOLESALE fibre operator CityFibre saw its shares edge up 0.76 per cent yesterday after reporting it will meet market expectations for 2014 and remains “well-positioned for further growth in 2015.” CityFibre said its joint venture with Sky and TalkTalk to trial a fibre network in York is “progressing at pace”, with a commercial launch expected [...]
Ex-RP Martin chief banned from the City January 22, 2015 TWO FORMER top executives at brokerage RP Martin were fined by the City watchdog yesterday over compliance failings related to the attempts by some of their staff to fiddle Libor. Former chief executive David Caplin was fined £210,000, and ex-compliance officer Jeremy Kraft was fined £105,000. Both were banned from taking senior roles in financial services [...]
Wolseley seeks to offload French business as trading proves tough January 22, 2015 Plumbing supplies giant Wolseley said yesterday it was considering exiting its remaining building materials business in France, where trading has proved tough. The British company, which runs the Plumb Center and Ferguson chains in the US and Britain, said the French business generated revenue and trading profit of £577m and £7m respectively in the year [...]
City Moves for 23 January 2015 | Who’s switching jobs January 22, 2015 Weightmans The law firm has appointed Stuart Kempson and Andrew Glynn-Williams to its marine practice. They both join from Hill Dickinson. Kempson has previously worked as an in-house lawyer at Charles Taylor and Co. Before qualifying in 2006, Glynn-Williams spent 10 years at sea with Stena Line. Zeus Capital The investment bank has announced three [...]
Best of the Brokers for 23 January 2015 January 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com AL NOOR HOSPITALS Numis has maintained a “buy” rating for the Abu Dhabi-based healthcare provider. The firm believes Al Noor will be able to sustain mid to high-teens revenue growth over the next three years, driven by doctor recruitment, capacity expansion and maturation [...]
ECB bond-buying programme sends indices soaring up – London Report January 22, 2015 THE EUROPEAN Central Bank’s €1.14 trillion bond-buying programme sent UK shares to their highest level for four months yesterday. The FTSE 100 finished up 68.59 points, or 1.02 per cent, at 6,796.63, its highest since 19 September last year. Among the risers Royal Mail gained 3.55 per cent to 445.80p after a good Christmas performance [...]
