Anite is in talks to sell its travel software arm to private equity May 11, 2014 SOFTWARE company Anite is getting closer to selling its travel unit, reportedly starting exclusive talks with private equity group LDC. Anite confirmed in February that it was working with advisers at Evercore Partners to weigh up options for the unit including a sale. The FTSE 250 firm’s travel business offers booking, content management and other [...]
Heathrow and Gatwick make case for space May 11, 2014 HEATHROW and Gatwick will this week set out their final cases for an extra runway, ahead of a government decision next year on the venue for new airport capacity in Britain. Heathrow’s outgoing boss Colin Matthews and new chief John Holland-Kaye are expected to outline why the airport’s own plan for a runway to the [...]
Radley plots ambitious growth plans after strong sales figures May 11, 2014 RADLEY, the purveyor of handbags stamped with its famous Scottish Terrier logo, is set to follow in the footsteps of other British fashion brands by pushing into Asia to tap the region’s burgeoning middle class consumers. The private equity backed company, which started life on a market stall in Camden, is eyeing ambitious growth plans [...]
Timico planning £55m stock float May 11, 2014 Business communications provider Timico, whose clients include Travis Perkins, Mitsubishi Motors and Informa, today announced plans to raise £15m through a public listing on London’s Alternative Investment Market on 30 May. The company said it expects to reach a market valuation of around £55m following the float with funds raised from the float used to [...]
Premier exploration boss to depart May 11, 2014 FTSE 250-listed Premier Oil is set to lose another senior executive, City A.M. understands. Head of exploration Andrew Lodge has informed the board that he intends to leave, mere months after the shock resignation of chief executive Simon Lockett in February. It is thought that Lodge will not depart until the oil and gas explorer, [...]
Fed president says growth hazy May 11, 2014 Regional Federal Reserve president Dennis Lockhart, who will be one of the central bank’s voting policymakers next year, expects that interest rates will rise in the second half of 2015. However, Lockhart added: “It may not be clear for several months, or even quarters, whether the US economy is undeniably on a stronger and sustained [...]
City Moves for 12 May 2014 | Who’s switching jobs May 11, 2014 Shepherd and Wedderburn Financial The financial advisory firm has announced the appointment of Sarah Tory as a financial adviser. She joins from Origen Private Client Solutions, where she was a consultant. KPMG The professional services firm has made two appointments. Richard Gostling joins its executive management team as head of sectors. He was most recently [...]
The man behind BT’s recovery in global business May 11, 2014 WITH all the attention surrounding BT’s push into sport you’d be forgiven for thinking that all the telecoms giant does is home broadband and football matches. But as the telecoms giant’s Global Services boss Luis Alvarez explains, BT’s operations extend to over 170 countries, where it is a market leader in connecting businesses. “We connect [...]
Best of the Brokers for 12 May 2014 May 11, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com ARROW GLOBAL Numis thinks the debt purchaser could be a big beneficiary of Barclays’ decision to create a “bad bank”, with the potential for big acquisitions across Europe. The broker has upgraded its recommendation from “add” to “buy” and keeps a target price [...]
London Report: Inflation report to give clues for future rates rise May 11, 2014 ALL EYES will be on Bank of England governor Mark Carney this week when he delivers the week’s big economic set piece event with the Bank’s quarterly inflation report on Wednesday. Investors will be hoping his forecasts for growth and inflation give a clearer signal about when interest rates will finally rise. Britain’s growth forecasts [...]
