Meggitt strikes $40m US jets fuel cell deal August 20, 2015 MEGGITTT has won a $40m (£25,5m) contract to supply fuel cells to US combat jets. The firm replaces fuel cells in old Hornet planes owned by US military supply company Defense Logistics Agency. The three year contract, worth up to $39.8m, is driven by demand for the jets from the US Navy and sales overseas [...]
Online betting firm boosted by US payday August 20, 2015 ONLINE gambling firm Sportech yesterday reported half-year pre-tax profit of £7.1m, up from £0.8m at the same point last year. The company, whose total market capitalisation is £139.21m, reported a decline in revenue, which at £51m was down 6.1 per cent on the £54.3m reported last year. The disposal of SNG, a gaming venture based [...]
NHS reforms keeps Primary Health Properties in shape as earnings jump August 20, 2015 PRIMARY Health Properties (PHP) posted a jump in profits in the first half, as government plans to ease pressure on A&E departments by shifting more services to local GP practices helped to boost demand. The listed-company, which invests in healthcare facilities that are then leased back to local NHS organisations or GPs, said pre-tax profits [...]
Europe grocery sales rise for fifth quarter but UK lags behind August 20, 2015 THE VOLUME of everyday products bought by consumers across Europe has increased year-on-year for the fifth consecutive quarter, with the UK standing out as the only one of the big five western European countries to post a decline. Data from research giant Nielsen released today showed sales volumes of fast-moving consumer goods (FMCG), such as [...]
City Moves for 21 August 2015 | Who’s switching jobs August 20, 2015 Vistra The provider of corporate, trust and fund administration services has appointed Clive Gibbons as managing director of its Cayman Islands’ operations. He has over 15 years’ experience in the banking, trust and corporate services sector, and relocated to Cayman in 2013. Alceda Fund Management The consulting, financing and investment solutions provider has appointed Manuela [...]
Indices tumble as concerns rise on slowdown – New York Report August 20, 2015 The S&P 500 hit a more than six-month low yesterday, closing in negative territory for the year, on concern a deceleration in the Chinese economy would translate into slower global growth. The Dow Jones industrial average fell 358.04 points, or 2.06 per cent, to 16,990.69, the S&P 500 lost 43.88 points, or 2.11 per cent, [...]
COP21 talks: Why action on climate change has become an economic imperative August 20, 2015 In just 100 days, world leaders will gather in Paris for the COP21 climate change talks. The urgent need for action to reduce CO2 emissions and stop global warming was recently described by both Barack Obama and Pope Francis as a “moral imperative” and summed up by President Obama who said: “We are the first [...]
GCSE results 2015: Six ways Britain’s world-beating education system could be better still August 20, 2015 With the publication of GCSE results, education is in the spotlight once again. Despite inevitable criticisms of our schools, colleges and universities, we should remind ourselves occasionally that what we have is, in world terms, a pretty good set-up. Young people get access to free schooling up to 18 and to higher education effectively free [...]
Political meddling threatens London City Airport’s future: It’s a depressingly familiar story August 20, 2015 The latest twist in the London City Airport saga was laid out in these pages yesterday, with the news that a number of international parties are looking to bid for the site. But any sale, and the future of the airport, is heavily dependent on its prospects for growth. Those growth prospects ought to [...]
As the price of US oil slides to almost $40 per barrel, has it still got further to fall? August 20, 2015 Alex Dryden, global market strategist at JP Morgan Asset Management, says Yes With oil prices drilling multi-year lows, investors are asking how much further they can fall. Predicting the movement of oil is difficult even at the best of times. However, a look at the supply and demand dynamics suggests that black gold could slide [...]
