NHS hospital trust on verge of ending private finance contract June 9, 2014 INVESTORS behind a private finance initiative (PFI) contract used to build Hexham General Hospital in Northumbria in 2002 will be bought out of their contract by the local NHS trust. Northumbria Healthcare NHS Foundation Trust is on the verge of securing a £115m loan from the local council, Northumberland county council, to effectively refinance the [...]
BT in talks for $50m investment in Curzon independent film fund June 9, 2014 TELECOMS giant BT is in talks with Curzon World to make a $50m (£30m) investment that would bolster its independent film offering on BT TV. BT is reportedly looking to invest in Curzon’s third film fund to buy exclusive cinema and on-demand rights for independent films, according to a report in the Daily Telegraph. Discussions [...]
Cyclists encircle Smithfield for Nocturne races June 9, 2014 AN UNLIKELY velodrome sprang up around Smithfield’s meat market on Friday night as the area prepared for its annual Nocturne races, sponsored by Jupiter. The usual mix of early clubbers arriving at Fabric and refrigerated lorries full of sides of beef were replaced by cycle enthusiasts of every stripe, from elite athletes to masters of [...]
Three things you didn’t know about… June 9, 2014 PwC UK head of insurance Jonathan Howe 1 The intrepid Howe once rode a mountain bike across Madagascar. Keen to try something different and outside his comfort zone while raising money for charity, he claimed success on both counts after pedalling between stays in remote rural villages without any modern amenities. 2 He has a [...]
Abu Dhabi triumphs in Polo in the Park June 9, 2014 GLORIOUS weather added to the joys of finals day at Chestertons Polo in the Park – drawing a record crowd at Hurlingham on Sunday. While City A.M.’s own Team London didn’t make the finals, it was a thrilling finish. IG’s Sydney won the plate final in extra time against Mandarin Oriental’s Team Beijing. In the [...]
Most UK adults do not trust any energy supplier June 9, 2014 MORE than half of British adults do not trust any energy supplier, while 36 per cent do not trust their energy bills, according to new research published today. Forty-one per cent of 10,000 respondents fear they are paying for more energy than they are using, showed a survey commissioned by the Smart Meter Central Delivery [...]
Labour denies plan to hike tax and give funds to poorer areas June 9, 2014 THE LABOUR Party yesterday promised to cut business rates for small firms, distancing itself from a tax-hiking plan written by one of its advisors. Former Wickes boss Bill Grimsey is advising Labour on business strategy and working as an ambassador to the high street for the party, in a bid to promote the opposition among [...]
South African retail tycoon eyes UK move with new shell vehicle June 9, 2014 SOUTH African retail magnate Christo Wiese has created a shell company in the UK, in a sign that he is poised to make a move on the UK high street. According to Companies House, the name Pepkor UK was set up earlier this year. Former Asda chief executive Andy Bond and his business partner Mark [...]
Pension plans in best position for seven years June 9, 2014 BRITAIN’S biggest companies are nearing the best position to fund pension schemes since before the financial crisis, following a sudden reversal of fortunes for UK corporate pension plans, a study out today shows. Firms listed in the FTSE 350 are better placed to support their defined benefit pension schemes than at any time over the [...]
Bacanora Minerals starts London roadshow ahead of Aim listing June 9, 2014 BACANORA Minerals is meeting with investors in London this week to raise at least £1.5m, ahead of a flotation on Aim in early July. The Mexico-focused lithium and borate miner is already listed on the TSX-V, Toronto’s junior exchange, with a market capitalisation of around £30m. It is planning a dual listing on London’s Aim [...]
