Britain is the fourth-best in the world for billionaire residents March 2, 2014 BRITAIN is home to 77 dollar billionaires, having gained 22 since last year, though the USA has strengthened its position in the upper ranks of the world’s wealthiest, a new rich list claims. Ukrainian-born Leonard Blavatnik was named the richest UK resident by Chinese publisher Hurun, with an estimated worth of £18bn, up 16 per [...]
Jaguar weighing Saudi factory March 2, 2014 Jaguar Land Rover is sizing up a new factory in Saudi Arabia to help keep pace with demand for its cars in new markets. The firm has signed a memo of understanding with the country’s National Industrial Clusters Development Programme to look at sites for a new plant. The British-based firm has already opened a [...]
Bitcoin exchange opens helpline March 2, 2014 Stricken bitcoin exchange Mt Gox has opened a phone helpline and said it will update investors on the possible whereabouts of their money today. The cryptocurrency trading platform, which filed for bankruptcy protection in Tokyo on Friday, pledged to publish “an overview of the situation”. Disgruntled users have held protests outside the Mt Gox office [...]
Farage: voters don’t believe Dave March 2, 2014 UKIP leader Nigel Farage has warned the biggest problem for the Conservatives at the next election is not the increasing popularity of his party, but the authenticity of leader David Cameron. Speaking on the BBC’s Andrew Marr show Farage said “voters don’t see David Cameron as a Conservative,” adding that it is “utterly meaningless” for [...]
Asteroid watch? Knight Frank’s space odd-yssey March 2, 2014 RICHARD Branson’s efforts to turn us into space tourists present many possibilities for mankind. Lady Gaga plans to become the first performer to do a concert in space, while Wolf of Wall Street star Leo DiCaprio (who has a Virgin Galactic ticket) could deliver his best “Jordan Belfort visits the cosmos” impression. But what about [...]
Former hedgie turned chutney whizz makes Veuve’s shortlist March 2, 2014 IT WASN’T that long ago Jenny Dawson was more interested in hedging than vegging, but now the former Odey Asset Management employee is busy using discarded fruit and veg to make chutneys and jams for her business Rubies in the Rubble. Dawson has just been announced as one of the shortlisted women for Veuve Cliquot’s [...]
Three things you didn’t know about… March 2, 2014 Head of Private Banking, Metro Bank Kirsty MacArthur 1 Before joining the world of private banking, Kirsty spent a year working as a script writer for Children’s BBC. She worked on the Short Change programme which focused on kids’ consumer issues. 2 The most adventurous thing Kirsty has ever eaten is Fugu, the (potentially) poisonous [...]
Enterprising kids end Tenner Relay at BOE March 2, 2014 DRAGONS’ Den’s Duncan Bannatyne met a younger set of entrepreneurs than he’s used to on Friday when he helped the Bank of England celebrate the end of the Tenner Relay – a challenge for UK schools to turn a £10 note into a profit, before passing it on to the next school. Pupils from Winchmore [...]
City Moves for 03 March 2014 | Who’s switching jobs March 2, 2014 Berwin Leighton Paisner The law firm has announced the appointment of Adam Dann as departmental managing partner of its finance division. He has led its projects and infrastructure group since 2010. Prior to that, he held roles at Hardy Oil & Gas and Dewey Ballantine. Aldermore Asset Finance The bank has made four appointments to [...]
Best of the Brokers for 03 March 2014 March 2, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com J MENZIES Panmure Gordon has a “buy” rating and 840p target ahead of the logistics firm’s full year results tomorrow. The broker expects a 4.4 per cent fall in pre-tax profits to £53.1m, due to falling magazine volumes, while the aviation business looks [...]
