Your new name from Heron-in is going to be… May 27, 2014 LAST week’s renaming of Heron Tower (or the artist formerly known as Heron Tower to you and I) to Salesforce Tower London is causing some kerfuffle in the City. Salesforce’s CEO Marc Benioff is pretty chuffed with his eponymous high-rise, and Heron is actually to be joined by another Salesforce Tower in Silicon Valley when its [...]
Kenwood to swap paintings for paella as Foodies festival arrives May 27, 2014 Gastronomic treats don’t come better than London’s food festivals and this weekend sees the second London leg of one of the capital’s favourites, Foodies Festival (it’s all in the name). Kenwood House, usually better known for its paintings than paella, will play host to the event from Friday 30 May until 1 June. “We are [...]
AG Barr boss to retire as sales bubble higher May 27, 2014 AG BARR said yesterday its longstanding chairman Ronnie Hanna will be stepping down at the end of the year as the maker of Irn-Bru posted an jump in first quarter sales. Hanna, who has been chairman for five years and on the board for 11 years, told shareholders of his plans to retire at AG [...]
Analyst Views: What did you think of AG Barr’s performance in the first quarter? May 27, 2014 CHARLES PICK | NUMISSales growth in the first 15 weeks is a slight slowdown on the six per cent growth seen in the first seven weeks but AG Barr nevertheless grew at 2.74 times market growth in the period. The comparatives will become tougher as this year unfolds but there is confidence in delivering expectations [...]
Shareholders support Johnston’s £360m plan to fund turnaround May 27, 2014 SHAREHOLDERS yesterday backed the £360m refinancing of Johnston Press, which publishes the Scotsman and Yorkshire Post newspapers. The plan will see the publisher reduce its £300m debt pile down to under £200m and enable Johnston to fund future growth. “The refinancing of the business is another key milestone for the company and I am delighted [...]
Rio Tinto hires former BP senior executive to run aluminium unit May 27, 2014 RIO TINTO yesterday said it has hired a former oil executive to head up its aluminium business, effective from 1 June. Alfredo Barrios, who will be based in Montreal, will replace Jacynthe Cote, who the FTSE 100 mining giant said is leaving for personal reasons and to pursue other interests. Barrios has held a number of [...]
Lamprell climbs on new contract May 27, 2014 Rig maker Lamprell’s share price shot up over seven per cent yesterday, after it said it had secured a $370m (£220m) contract with Shelf Drilling, to provide two new rigs for operations in South East Asia. The FTSE small cap-listed firm is scheduled to deliver the first rig in the third quarter of 2016 and [...]
Ruspetro and Glencore sign oil deal May 27, 2014 Siberian oil producer Ruspetro yesterday said it has signed a one-year deal worth 750m roubles (£13m) to deliver 1,680 barrels of oil per day to Energo Resurs, a subsidiary of Glencore. “This facility is part of the company’s ongoing cash flow management and broadens our partnership with Glencore to include a prepayment facility for domestic [...]
Firestone to start work on mine May 27, 2014 Aim-listed miner Firestone Diamonds yesterday said it is set to start building the main treatment plant at the Liqhobong diamond mine in the Lesotho Highlands, after the company raised $225.2m (£137.3m) from financing agreements. “We look forward to beginning the early earth works on the project in the coming weeks following receipt of funds from [...]
Aveva leads the FTSE 250 after bumper results May 27, 2014 ENGINEERING software firm Aveva led the FTSE 250 risers yesterday after reporting a nine per cent jump in profits to £69m. Shares closed up 8.75 per cent on news that Aveva, whose software is used to design ships, power plants, and oil and gas facilities, had boosted its revenues by eight per cent to £237.3m [...]
