Visa’s Valerie Dias in a daze at Asian Woman Award triumph June 4, 2014 VISA Europe’s chief risk officer Valerie Dias was taken by surprise in winning the Finance Award at the Asian Women of Achievement awards at Park Lane’s Hilton last night, saying she was surprised to even be nominated. “I was a reluctant participant when my team put me forward – I didn’t think I was worthy,” [...]
Win tickets for Friday’s Polo in the Park June 4, 2014 Polo in the Park’s Chukka Friday – dubbed London’s summer office party – is tomorrow. If you fancy taking in the action at The Hurlingham Club with your buddies, we’re giving one lucky reader a chance to win 10 tickets. Simply head to the CityAM.com homepage and click on the Polo in the Park logo [...]
China to fuel fresh boom in TV income for English clubs June 4, 2014 ENGLISH football is on course for a Chinese invasion that is likely to propel top clubs’ already rocketing income to even giddier heights, industry experts have predicted. Despite the majority of teams now being foreign-owned, including Abu Dhabi-bankrolled Manchester City, China, the world’s second largest economy, is yet to flex its muscles in the Premier [...]
Miners start to recover after challenging 2013 June 4, 2014 THE MINING sector is returning to calm after a challenging 2013 that saw profitability at its lowest level in a decade, according to a new report from PwC today. A slowdown in growth in China, the world’s largest consumer of commodities, hit the industry hard last year. Mineral and metal prices, led by gold’s greatest [...]
Almacantar wins consent to demolish Marble Arch Tower June 4, 2014 ALMACANTAR won planning consent on Tuesday night to demolish the 1960s Marble Arch tower in the West End and replace it with two new buildings designed by Walkie Talkie architect Rafael Vinoly. The taller 17-storey tower will have 53 luxury flats, shops and a revamped Odeon cinema on the ground floor. The second seven storey [...]
Tanzanian gas discovery fails to delight Ophir’s investors June 4, 2014 OPHIR Energy’s first discovery in almost a year was not enough to reassure investors yesterday, sending its share price down over two per cent. The Africa-focused energy explorer estimated one trillion cubic feet (tcf) of gas could be retrievable from the Taachui-1 ST1 well, in block one of a field located off Tanzania. FTSE 250-listed [...]
Oil firms sign Falklands rig contract June 4, 2014 Premier Oil, Falklands Oil and Gas and Rockhopper Exploration have jointly signed a new rig contract for a six well exploration programme in the Falklands, the three London-listed energy companies announced separately yesterday. The programme is set to begin in the second quarter of 2015. Premier also announced the discovery of gas-bearing sands in a [...]
Bellzone plans £1.1m share placing June 4, 2014 Aim-listed Bellzone Mining yesterday said it is looking to raise £1.1m via a share placing, with China Sonangol acting as agent on the deal. The Guinea-focused miner said it remains in active discussions with other potential providers of short term and project finance. The proceeds of the placing are expected to provide Bellzone with sufficient [...]
Tesco loses finance director to New Look June 4, 2014 TESCO has lost a second senior director from its finance division after fashion retailer New Look said yesterday that it has hired Mike Iddon as its chief financial officer. Iddon, Tesco’s group finance director for planning, treasury and tax, will replace New Look’s interim chief financial officer Richard Collyer in the coming months. His departure [...]
City A.M. shadow MPC votes 7-2 to hold rates June 4, 2014 ALLISTER HEATH | CITY A.M. “Bank rate should rise immediately to one per cent. UK employment has returned to long-term average levels, and hiring still is still accelerating. Monetary policy for emergency conditions is not just unsuitable in this environment, but dangerous too.” JAMES SPROULE | INSTITUTE OF DIRECTORS “Hold rates – UK recovery continues [...]
