Petroceltic gets boost after Eni Med gas find September 1, 2015 SHARES in oil firm Petroceltic jumped yesterday, on hopes that a new natural gas discovery off the coast of Egypt could ramp up interest in the Irish group’s holdings in the region. The Dublin-based company closed trading up by 14.02 per cent. Over the bank holiday, Italy’s Eni announced the discovery of what it called [...]
Holiday season boosts sales at shopping malls September 1, 2015 SHOPPERS snapping up shoes and beauty products ahead of their holidays helped to boost retail sales in August, according to one of Britain’s biggest shopping centre owners. Hammerson, which owns the Bullring in Birmingham as well as north London’s Brent Cross shopping centre, launched the Hammerson Retail Tracker — or Hart — earlier this year [...]
London travel delays and Southeastern train chaos: A false start for the City’s DLR commuters? September 1, 2015 Commuters were launched back into work head first yesterday morning when workers trying to get into London on the DLR faced pretty heavy delays. Southeastern services were already having problems, as operators announced that all lines between Deptford and Charlton were “blocked”, resulting in services either being delayed or diverted through Lewisham. As if that [...]
Single? Rich? Like free booze? You are cordially invited to a mixer… September 1, 2015 It happens to the best of us. You’ve been away from work, partying in the Cote d’Azur with your fellow financiers, only to get back to the daily grind in the office and realise that it’s time to face reality, find a nice girl/boy and settle down. Well, good news for City A.M.’s singleton readers, [...]
Sporty Airbnb app gets FTSE approval ahead of launch date September 1, 2015 It’s important to stay fit when you work in the City. With all the drinks receptions, gourmet dinners and long hours that define the industry, workers in the capital are desperate to find an easy way to get off their backsides and kick a ball. Now a new app, promising to be the “Airbnb of [...]
Labour candidates turn fire on Jeremy Corbyn in last-ditch vote push September 1, 2015 Jeremy Corbyn’s economic policies came under sharp criticism yesterday as his opponents in the Labour leadership contest used one of their last public debates to attack the front-runner. In a live, televised hustings, Yvette Cooper called so-called Corbynomics “dodgy economics”, saying that the Islington North MP’s proposals for a “people’s quantitative easing” were “not responsible” [...]
Prime Minister pushes ahead on free schools September 1, 2015 PRIME Minister David Cameron will announce the creation of more than a dozen new free schools today as part of the government’s efforts to open 500 new free schools over the next five years. Accompanied by education secretary Nicky Morgan, he will say: “Today’s announcement shows that we will not waver in pressing ahead with our [...]
Montagu Private Equity back on the hunt for deals after raising €2.8bn fund September 1, 2015 MONTAGU Private Equity, an early backer of firms like Quorn and Maplin, has raised a €2.75bn warchest to pursue more deals. The London-based outfit, which was spun out of HSBC in 2003 and started out investing in the early 1970’s, raised the cash from investors including US pension funds and sovereign wealth investors. The pool [...]
City Moves for 2 September 2015 | Who’s switching jobs September 1, 2015 Hausfeld Anna Morfey has been appointed partner in the litigation law firm’s European practice. She joins from Freshfields Bruckhaus Deringer, where she was a senior associate. Morfey’s practice comprises contentious and non-contentious EU and competition law. Cornerstone Real Estate Advisers Europe The real estate investment management firm has appointed Rachel Arden-Davis as director, finance and [...]
Wall St returns to turbulence – New York Report September 1, 2015 TURMOIL returned to Wall Street yesterday after a brief respite, with renewed concerns about China’s economy pushing major indexes down almost three per cent and intensifying fears of a long-term selloff. The Dow Jones industrial average fell 2.84 per cent to end at 16,058.35 while the S&P 500 lost 2.96 per cent to 1,913.85 points. [...]
