Gatehouse Bank appoints new boss to grow the firm in London May 21, 2014 GATEHOUSE Bank, the Shariah-compliant lender, yesterday unveiled a new boss to take over from current chairman and chief executive Fahed Faisal Boodai, who will remain in his role as executive chairman. Henry Thompson, who has been working in Shariah-compliant finance at Arcapita as head of legal, will take over the role with immediate effect. “I [...]
Leeds company unveils greener red London bus May 21, 2014 A LEEDS bus builder yesterday unveiled what it hopes will be the next double-decker bus to drive on London’s streets. Optare said its MetroDecker model weighs less than 10 tonnes, compared to over 12 tonnes for the newest Routemaster – making it “extremely fuel-efficient”. “We have worked hard to assess and evaluate every part of [...]
Playing nosey neighbours at Small Cap bash May 21, 2014 THE CITY’S small cap stars had their night in the spotlight yesterday at the Small Cap Awards in the St Paul’s Grange Hotel. The Saturday night TV fans among the crowd got quite a treat, with voice of X-Factor and Britain’s Got Talent, Peter Dickson, acting as master of ceremonies. His familiar and booming voice added [...]
Where will the Minories Roman eagle spend the rest of its days? May 21, 2014 NOT MANY building projects can boast being built on the 1,800 year old nesting place of a sculpted Roman eagle, but the Minories development near Tower Bridge can do just that – as we found out in October of last year when they discovered the artifact in the foundations. Well, the building celebrated an important [...]
US budget cuts dent revenue at Booz Allen May 21, 2014 BOOZ Allen Hamilton, the American management consultancy, yesterday blamed the US government for a five per cent fall in full-year revenues to $5.48bn (£3.25bn). The firm said US budget cuts and the federal shutdown last October lowered its billable hours for the year. However, operating income rose 3.2 per cent to $460.6m as Booz Allen [...]
Tiffany raises forecast after sparkling sales May 21, 2014 TIFFANY & Co raised its full-year profit forecast yesterday after it reported better-than-expected quarterly results as new collections drove sales in the United States, its biggest market. Tiffany, known for its blue boxes and its Fifth Avenue flagship store in Manhattan, said sales rose 15 per cent in constant currency to $1bn in the first [...]
Strong outlook stokes shares of Telecom Plus May 21, 2014 TELECOM Plus, the utility services company, led the FTSE 250 risers yesterday after saying it remains comfortable with market expectations for a 50 per cent jump in its profits this year. The company also reported a 25 per cent rise in adjusted profit to £44.6m for the year to 31 March with revenues lifting 9.5 [...]
Cable & Wireless Comms plans $250m boost for investments May 21, 2014 CABLE & Wireless Communications, the Caribbean and Central American telecoms operator, will lift its capital investments plan by $250m (£148m) as it looks to boost the business which it admitted was “trading below its full potential”. The fixed and mobile operator reported a better-than-expected five per cent increase in full-year core profits to $608m and [...]
Lenovo lifted by brisk sales May 21, 2014 LENOVO, the world’s biggest personal computer maker, yesterday met analyst estimates when it reported a 29 per cent rise in profits for the year, as poor growth in China was propped up by sales in other markets. Profit for the year to 31 March hit $817.2m (£484.4m), a record high, and China, which accounts for [...]
Playtech chief’s on lookout for deals as firm’s cash pile grows May 21, 2014 GAMING software firm Playtech is searching for potential acquisitions, announcing the intention to snap up other businesses at its annual general meeting yesterday. “The board, with its advisers, continues to review the most effective use of the company’s cash resources, assessing the potential for further value-enhancing acquisitions,” said Playtech chairman Alan Jackson. The group has [...]
