Celebrity chefs treat financiers at Carpenters’ Hall for FoodCycle February 27, 2014 DINERS from the likes of Rothschild Advisors, New Amsterdam Capital and Spayne Lindsay were in for a treat when they showed up at Carpenters’ Hall on London Wall last night, for the FoodCycle Mardi Gras Feast last night. A champagne reception with canapes by Salt Yard’s Ben Tish was followed by a rather special banquet. [...]
Spotted: Weather mocks RBS’s results February 27, 2014 EVEN inanimate objects are hell bent on reiterating RBS’s poor results. The temperature outside the RBS building in Spitalfields yesterday morning exactly matched its £8.2bn losses. (Spotted by Chris Stevenson of Emanate London)
Costain to raise £75m as plans acquisitions to drive growth February 27, 2014 ENGINEERING and construction firm Costain yesterday unveiled a £75.1m capital raising yesterday, which it said it would use to accelerate its growth prospects. Costain said it would raise £25m via a firm placing, while the remaining £50.1m is set to be raised through a placing and open offer. The engineer’s ambitious growth ambitions come after [...]
H&T spots golden opportunity to polish up poor set of results February 27, 2014 SHOPPERS on the hunt for jewellery and watches are set to be targeted by struggling pawnbroker H&T in a bid to boost its profits. The company said a plunge in the gold price meant there was a growing opportunity to sell trinkets more cheaply to punters. It came as the company reported a 61 per [...]
Cash flows in at National Express February 27, 2014 Transport group National Express beat its goals for free cash flow in 2013, the firm said yesterday, as pre-tax profits fell to £143.7m as expected due to the loss of the East Anglia franchise in 2012. The bus and rail firm posted free cash flow of £182.8m, more than £30m ahead of targets, which helped [...]
Chemring reveals fatal accident February 27, 2014 British defence contractor Chemring reported a 13 per cent drop in revenue for the November to January quarter yesterday, and said production at a plant in Tennessee had been suspended after a fatal accident. Chemring said an accident last week at its Kilgore plant, which manufactures decoy flares used to counter heat-seeking missiles, killed an [...]
DX Group starts trading on Aim February 27, 2014 Parcel service firm DX Group yesterday started trading on Aim, having raised around £200.5m via a share placing, making it the largest corporate fundraising on the index since 2006. Zeus Capital is acting as nominated adviser and sole broker. “We are delighted to launch as a public company today, and are particularly pleased with the [...]
Capita rockets on swathe of new contracts February 27, 2014 OUTSOURCING firm Capita yesterday pleased the market with a 14 per cent rise in full-year profit, boosted by a £5.5bn bid pipeline. The FTSE 100-quoted company posted a 15 per cent rise in underlying revenue to £3.85bn and pre-tax profits of £475m in 2013. Shares rose over four per cent in the morning, before closing [...]
Rough shipping forecast blows shares lower for Moller Maersk February 27, 2014 DANISH shipping giant Moller Maersk said yesterday it expects further turbulence in freight volumes and rates for the next few years, sinking its shares by 3.4 per cent. Maersk said that freight volumes rose 4.1 per cent at its Maersk Line unit last year, but a steeper 7.2 per cent fall in prices and a [...]
Kazakhmys stock jumps 39pc on plans to sell off its mature mines February 27, 2014 COPPER miner Kazakhmys saw its share price climb almost 39 per cent yesterday, after it unveiled a plan to offload underperforming mines, alongside broadly in-line results for 2013. “The board believes that a number of mature assets, primarily in the Zhezkazgan and Central Regions, will struggle to meet their own ongoing investment needs and contribute [...]
