BIS misses own target on gender February 3, 2014 The Department for Business Innovation and Skills has failed to appoint an equal number of men and women as advisors to ministers, despite being responsible for setting targets on gender diversity. In new figures released yesterday, BIS revealed it made 96 public appointments but only 22 of those were women, despite it having full control [...]
Charterhouse picks banks for Elior February 3, 2014 Private equity group Charterhouse Capital Partners has selected banks to handle a stock market listing of French caterer Elior later this year, a source said yesterday. “To date, several banks have been selected to accompany Elior in an initial public offering (listing),” the source said. Charterhouse, which owns 62.4 per cent of Elior, declined to [...]
Insurers could demand info on fracking sites February 3, 2014 INSURERS could begin requesting information from homeowners about their proximity to fracking exploration sites if it looks likely that the process could cause damage to property. The Association of British Insurers (ABI) said the industry is monitoring fracking exploration and data around any related disturbances but stressed that there is currently very little evidence to [...]
LV boss expects car insurance premiums to rise in year ahead February 3, 2014 THE BOSS of insurer LV has said he expects car insurance premiums will rise in the next year, after the industry overestimated the impact of regulatory changes. LV has released a trading statement for 2013 showing overall losses for the business in both its general and life insurance arms. The insurer made an £89,000 loss [...]
Operators EE and Three agree a new £1bn network sharing deal February 3, 2014 MOBILE operators EE and Three have signed a new network sharing agreement believed to be worth around £1bn to continue their joint rollout of 4G infrastructure. The operators first signed a network share agreement in 2007, between Three and T-Mobile, as the company was then, in order to share the costs of developing their superfast [...]
City steps up graduate recruitment February 3, 2014 THE CITY is set to be one of the biggest graduate employers this year, with a predicted 16 per cent growth in the number of vacancies in the banking and financial services sector. The Association of Graduate Recruiters predicts a 10.2 per cent rise in graduate vacancies between 2013 and 2014, with accountancy and professional services [...]
Randgold boss eyes new deals as output soars February 3, 2014 RANDGOLD Resources’ chief executive yesterday said that the gold miner will be looking for new acquisition targets in the coming year, as the company unveiled a 15 per cent rise in full-year production. The FTSE 100-quoted firm posted record output of 910,373 ounces and forecast a continued rise in production over the next five years. [...]
Gemfields’ revenues increase despite decline in production February 3, 2014 AIM-LISTED precious stones miner Gemfields, which owns luxury brand Faberge, yesterday said that first-half revenues had already beaten the prior full-year figure, with three more auctions to be held before the end of June. Revenue hit $59.9m (£36.7m), despite production falling in the second quarter from 21m tonnes of ore to 17m tonnes. “Gemfields is [...]
Boss of UK oil and gas company Hurricane backs Wood reforms February 3, 2014 THE CHIEF executive of UK-focused oil and gas company Hurricane yesterday said that he supported Sir Ian Wood’s recommendations on how to maximise North Sea output, ahead of his company’s Aim flotation today. Dr Robert Trice, who founded Hurricane, told City A.M. that he would like to see more financial backing from the government for [...]
Monitise buys Turkish mobile money firm Pozitron for £60m February 3, 2014 MOBILE payment firm Monitise yesterday acquired Pozitron Yazilim, the Turkish mobile banking and payments business, for up to £60m in shares and cash. Pozitron, led by chief executive Fatih Isbecer, has around 130 employees, is profitable and was listed on Deloitte’s top ten fastest growing Turkish businesses last year. “Fatih and his team has positioned [...]
