Rexam hires former Tata chief executive June 5, 2014 Packaging firm Rexam has hired former Tata Motors chief executive Carl-Peter Forster as a non-executive, the FTSE 100 firm said yesterday. Forster will join the board on 10 June, and led the parent of Jaguar Land Rover from January 2010 to September 2011.
Galliford Try wins Midlands road contract June 5, 2014 Housebuilder and construction firm Galliford Try has been hired as a framework contractor to provide road maintenance on part of the Midlands highways network, in a contract the company believes will be worth as much as £81m.
City Moves for 04 June 2014 | Who’s switching jobs June 5, 2014 IFM Investors The fund management firm has announced the appointment of John Carey as an investment director for European infrastructure debt in its debt investments team. He has over 13 years’ infrastructure experience and was most recently at Moody’s, where he was a senior analyst for infrastructure finance. Prior to that, he was a director in [...]
Best of the Brokers for 06 June 2014 June 5, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com POUNDLAND JP Morgan, which last month won the joint broking mandate for Poundland, has upgraded the retailer from “neutral” to “overweight” with an unchanged price target of 377p. The broker thinks the effects on Poundland of Tesco’s pound aisle trial are likely to [...]
London Report: FTSE in slight slip but Asos crashes on Aim June 5, 2014 THE FTSE 100 yesterday ended lower, as the country’s equities were hit by a stronger pound in the wake of a round of aggressive stimulus measures from the European Central Bank. As the ECB cut its main lending rate to 0.15 per cent from 0.25 per cent – and the interest rate on its deposit [...]
New York Report: Dow and S&P hit record highs on ECB’s easing June 5, 2014 DOW JONES and the S&P 500 ended yesterday’s trading at record highs after the European Central Bank cut rates to record lows and pledged to do more if needed to fight off the risk of deflation. The Dow rose 98.58 points or 0.59 per cent, to 16,836.11, the S&P 500 gained 12.58 points or 0.65 per [...]
Letters to the Editor – 06/06 – Penning in the poor, Home working, Best of Twitter June 5, 2014 Penning in the poor [Re: Why Britain’s housing crisis risks turning into catastrophe, Wednesday] An excellent, angry piece by Paul Cheshire. Alongside the problem he identifies of Britain building houses where they’re needed least, our new homes are also among the smallest in Europe. All these land use restrictions have the effect of penning poor [...]
How to be more creative at work June 5, 2014 Creativity can be elusive, especially in businesses short on time and under pressure to deliver financially. Albert Einstein gave a pessimistic view when he said that “the secret to creativity is knowing how to hide your sources.” But in an increasingly crowded corporate environment, genuine originality has never been so important. Private equity manager and [...]
England boss mulls calling replacement for injured Ox June 5, 2014 ENGLAND manager Roy Hodgson was last night sweating on the fitness of midfielder Alex Oxlade-Chamberlain with scans on a knee injury showing medial ligament damage. The Arsenal star limped off during the second half of Wednesday’s 2-2 draw with Ecuador in their penultimate friendly before the World Cup kicks off next week. The early prognosis [...]
Robson backed to prove his Test opener worth June 5, 2014 ENGLAND selector James Whitaker has backed Middlesex batsman Sam Robson to make the Test opener’s position his own when he makes his bow against Sri Lanka in the familiar surrounds of Lord’s next week. Robson, one of the three uncapped players in a 12-man squad for the first of two Tests, is set to partner [...]
