London calling as Wigan Warriors set stall out to make capital gains September 4, 2015 Wembley appearances may be synonymous with their illustrious history but a permanent presence in London is fundamental to north west rugby league side Wigan Warriors and their ambition to grow their brand exponentially. Starved of top-level rugby league since London Broncos were relegated from Super League last season, the capital, or The Den – home [...]
Euro plummets after Mario Draghi’s dove-bomb as ECB chief cuts inflation forecasts September 3, 2015 The euro lost over one per cent of its value yesterday after Brussels’ top central banker hinted that he could push the button on further monetary stimulus in a bid to boost the single currency area. European Central Bank (ECB) boss Mario Draghi gave an unexpectedly dovish statement, revealing that his organisation has cut forecasts for [...]
Leading equity analysts back Wizz Air with a ‘buy’ rating September 3, 2015 LOW-COST carrier Wizz Air received a boost yesterday when both Investec and UBS started coverage of the company with “buy” ratings. “The leading low-cost carrier in Central and Eastern Europe [CEE] is set to outperform peers in terms of passenger and profit growth due to its highly attractive network anchored in a high growth region,” [...]
Anglo American in talks over SA platinum mines September 3, 2015 SIBANYE Gold, the biggest producer of the yellow metal in South Africa, yesterday confirmed it was in negotiations with Anglo American Platinum over the purchase of the company’s Rustenburg platinum mines. Its shares rose 5.51 per cent on the Johannesburg stock exchange yesterday, although the company warned that a transaction might not be completed. While [...]
Bank lending to small firms is on the rise September 3, 2015 BANKS and building societies lent £490m to small business from April to June by using the Bank of England’s Funding for Lending (FLS) scheme, according to figures released yesterday. While net lending to small- and medium-sized enterprises (SMEs) is down on the £650m seen in the first three months of the year, it marks a [...]
New lettings boost revenues at Safestore September 3, 2015 SHARES in Safestore climbed 3.2 per cent yesterday as the London-listed self-storage provider revealed an 8.6 per cent rise in like-for-like revenues to £26.7m in the third quarter. The firm, which has stores in the UK and France, said UK like-for-like revenue was up 12.1 per cent to £20.4m while in Paris sales improved by [...]
Car firm looks north in deal September 3, 2015 BRITAIN’S fourth-largest car dealer Lookers has bought smaller rival Benfield Motor Group owner Addison Motors for £87.5m in cash. Founded almost 60 years ago in Newcastle, Benfield now has 30 dealerships in the north of England and Scotland. The family-run firm had revenues of £699.7m last year and pre-tax profits of £7m. Lookers chief executive, [...]
Payout for US tech workers in class action September 3, 2015 A US JUDGE has granted final approval to a $415m (£272m) settlement for Silicon Valley workers who complained that top tech companies were conspiring to limit job mobility. The complaint was filed in 2011, accusing Apple, Google, Intel and Adobe of colluding to avoid poaching each other’s employees by agreeing to fix salaries and keep [...]
No more calculus: New real-life maths exam will teach students interest rates for A-Levels September 3, 2015 Maths geared toward real-life situations will now be as a subject for 16-year-olds, the department for education revealed yesterday. Core maths will teach pupils how to apply their maths skills to calculate interest, work out profit margins and get the best currency exchange, and will start being taught in schools today. The course [...]
City Moves for 4 September 2015 | Who’s switching jobs September 3, 2015 EY Ajay Rawal has been appointed partner within the professional services firm’s financial services transaction advisory practice. He joins from Alvarez & Marsal, where he was a partner in its European financial industry advisory services group. Rawal has over 15 years’ experience consulting in financial services. LONDON Advertising Bruce Haines has been appointed chairman at [...]
