Winners meet Berliners July 16, 2014 THOUSANDS of fans lined Berlin’s streets yesterday to see Germany’s World Cup winning team parade the trophy. Arsenal’s Per Mertesacker (second from left) and Lukas Podolski (furthest right) soaked up the adulation, while some team-mates amused spectators by performing choreographed dance routines on a specially erected stage. Germany beat Argentina 1-0 in Sunday’s final in [...]
Child abuse inquiry chair stands down July 14, 2014 LADY Butler-Sloss, tasked with chairing the government’s investigation into historic child abuse claims, has resigned amid calls from support groups for her to go. Butler-Sloss said in a statement yesterday: “It has become apparent … that there is a widespread perception, particularly among victim and survivor groups, that I am not the right person to [...]
Pym to leave Co-op Bank to chair AIB July 14, 2014 The chairman of the Co-op Bank, Richard Pym, has announced he will stand down later this year to take up a similar role at Allied Irish Banks (AIB). Pym had already told the Co-op he was leaving and the lender is seeking his replacement. He will become a non-executive director and chairman-designate at AIB from [...]
Treasury Tinder: New networking tool for civil servants likened to dating app July 14, 2014 There’s no need to get drunk at the office Christmas party to meet the guy or gal of your dreams these days – well, not if you work at Her Majesty’s Treasury, that is. The government’s new dating system, sorry, networking tool, has been eagerly welcomed by No. 11 wags. They’ve already nicknamed it Treasury [...]
Drugs giant AbbVie flicks privacy switch on corporate jet July 14, 2014 With market watchers eagerly awaiting news of a deal between Shire and AbbVie yesterday, AbbVie was taking no chances of progress being tracked by way of its corporate jet. There was literally a radio silence from the drugmaker, whose nine-passenger jet has been eagerly followed to chart the chances of a transatlantic takeover. [...]
English National Ballet hunts for new HQ July 14, 2014 The English National Ballet is to move in with its Ballet School for the first time after hiring property agents Lambert Smith Hampton to find a new London base. The ballet company, currently based in South Kensington, said yesterday it is on the hunt for new premises of up to 60,000 square feet [...]
TT Electronics buys Roxspur July 14, 2014 TT ELECTRONICS yesterday revealed that it has snapped up Roxspur Measurement & Control for an initial fee of £7.5m. The cost of the deal could rise to £10m, dependent on a further £2.5m payable in 2016 based on performance of the business. Sheffield-based Roxspur, which makes hi-tech sensors, has companies such as Tata, Rolls Royce [...]
Best of the Brokers for 15 July 2014 July 14, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com TESCO Cantor Fitzgerald has upgraded to “buy” from “sell”, raising the target price to 325p from 282p. The broker thinks Tesco is undervalued compared to peers, with potential in the reconfiguration of its UK operations, and online and convenience sales growing ahead of [...]
London Report: FTSE 100 lifted by Sports Direct and Shire talks July 14, 2014 BRITAIN’S top equity index rose for a second straight day in thin trade yesterday, helped by rises in bid-target drugs firm Shire and retailer Sports Direct. Shares in Shire hit a record high of 5,045 pence – before paring back gains into the close – after its board said it was ready to recommend a [...]
New York Report: Citigroup’s strong figures boost market July 14, 2014 US stocks ended higher yesterday, with the Dow Jones industrial average hitting an intraday record, lifted by Citigroup’s better-than-expected earnings and more deals in the healthcare space. The flurry of mergers and acquisitions activity in the healthcare sector gave investors some confirmation that the US stock market is still attractive. Shire, which develops and sells [...]
