UBS ditched by Smith & Nephew for bank rival January 11, 2015 MEDICAL supplies firm Smith & Nephew has fired Swiss bank UBS as its corporate broker, hiring Bank of America Merrill Lynch instead, City A.M. understands. It is the second major change in recent months for the firm, which is reviewing all of its corporate relations roles – last summer it sacked PR firm Brunswick in [...]
US law firms now challenge the City’s Magic Circle following financial crisis January 11, 2015 Banks’ troubles following the financial crisis have seen US law firms rise up to challenge the Magic Circle The dominance of the Magic Circle in the City of London is as much an institution as the pin-striped suit. But time is unforgiving, and traditions and fashions are eventually challenged and dispensed with. It is only [...]
Christmas party shoes give Kurt Geiger a boost as sales rise 26pc January 11, 2015 Footwear and accessories retailer Kurt Geiger reported a bumper Christmas yesterday, announcing 14 per cent growth in like-for-like sales for the 2014 festive period. Party shoes led the way, with footwear in its occasion category enjoying an increase in sales of 26 per cent and Kurt Geiger’s handbags proved a popular gift, with sales up [...]
Liam Gallagher’s Pretty Green lives up to its name with a rise in sales January 11, 2015 Liam Gallagher may not be at the top of the charts at the moment but he has proven he can sell clothes, with total sales in his clothing brand Pretty Green up 39 per cent in the six weeks to 31 December. Gallagher set up the Mod-style brand in 2009 and its latest results were [...]
The White Company is firmly in the black with rise in earnings January 11, 2015 Luxury homeware brand The White Company enjoyed a 14 per cent increase in sales in the year to 29 March 2014 and reported a pre-tax profits of £6.7m, up 40 per cent from £4.6m. The brand, which sells high quality household accessories in white, made its first step into the US last year, launching an [...]
James Biagioni crowned City’s most eligible bachelor by Social Concierge and Square Mile mag January 11, 2015 The search is finally over, girls. There’s no longer any need to rock up to The Folly on a Thursday night without a clue who you’re going to hit on. The City’s most eligible bachelor has been revealed as James Biagioni, a 27-year-old commodities futures trader who works in Tower 42. “It still hasn’t sunk [...]
No Trousers on the Tube Day 2015: Underwear goes Underground for No Pants Subway Ride Day January 11, 2015 If you ventured on to the Northern line yesterday you might have had an un-bare-able surprise, as many commuters boarded the trains without their trousers on. Yep, yesterday was No Trousers on the Tube Day. The phenomenon, renamed from the international No Pants Subway Ride (changed in UK for obvious reasons) started as a flashmob-style [...]
UK coal mines need £300m to avoid being shut down January 11, 2015 The last three deep coal mines still operating in the UK are seeking £300m in state aid to avoid closure. UK Coal, which runs Kellingley Colliery in Yorkshire and Thoresby Colliery in Nottinghamshire, and Hatfield Colliery, which is run by an employee-owned partnership in South Yorkshire, are both reportedly preparing applications for government grants to [...]
UK power prices will continue to fall in 2015 due to gas glut January 11, 2015 UK power prices have fallen to a four-year low due to oversupply of gas in the market. According to the ICIS Power Index (IPI), wholesale electricity prices at the end of 2014 were 11 per cent lower than at the same time in 2013. The trend of decline accelerated in the final quarter of the [...]
Leon wraps up sales rise but no profit in 2013 January 11, 2015 Mediterranean-style fast food outlet Leon saw a 30 per cent rise in sales in the first half of 2014 as it expanded its outlets in the UK but failed to make a profit, reporting a £829,969 loss after tax on sales of £12.46m – a small improvement on the previous year’s loss of £860,848. Leon [...]
