Viz publisher gets healthy with a Coach August 20, 2015 DENNIS Publishing, the company behind magazines Men’s Fitness, Viz, and This Week, is set to make a multi-million pound investment in a free, weekly health and fitness magazine, to be titled Coach. Coach will cover a broad content mix of technology, careers, fashion and modern living, as well as health and fitness. It is understood [...]
Commodity chaos hammers the FTSE following Glencore share price slump August 20, 2015 Shares in Glencore tumbled nearly 10 per cent to a record low The FTSE 100 sank to its lowest level since January yesterday after mining behemoth Glencore failed to reassure investors with its response to a global slump in the price of metals. Shares in Glencore tumbled nearly 10 per cent to a [...]
Pension Insurance Corporation prospers despite fall in new business August 20, 2015 Pension Insurance Corporation yesterday said profits rose during the first half of the year despite a fall in the amount of new business. The company, chaired by Sir Mark Weinberg and led by ex-Goldman Sachs exec Tracy Blackwell, buys the stocks and bonds of final salary pension schemes and takes over responsibility of pensioner payments, [...]
London City Airport expansion plans stay grounded following Mayor Boris Johnson’s U-turn August 20, 2015 The battle for London City Airport is heating up. Less than a month has passed since its owners Global Infrastructure Partners (GIP) and Oaktree Capital put the site to the east of the capital up for sale with a price tag of around £2bn. But already two heavyweight bidders have emerged, including one of the [...]
Big tobacco firms come late to the vaping party August 20, 2015 Promote it, tax it, or ban it? It’s the e-cig dilemma IMPERIAL Tobacco yesterday announced increased market share and revenue from its growth brands, with revenues steady across the business. The firm’s report did not reveal what impact, if any, had been made by its purchase of e-cigarette brand Blu from Lorillard. E-cigarettes made headlines [...]
Empiric snaps up student digs in Nottingham August 20, 2015 EMPIRIC Student Property said yesterday it has added another 162 beds to its fast-growing estate after buying a student housing development in Nottingham for £18.4m. The student accommodation provider has exchanged contracts on the forward-funded scheme, known as The Frontage, which is located in the city centre close to Nottingham Trent University. Frontier Estates will [...]
West Ham set to take transfer gamble on Alex Song August 20, 2015 West Ham co-owner David Sullivan admits that re-signing Alex Song represents a gamble after confirming a deal is in place for the Barcelona midfielder, subject to him passing a medical. The Hammers have thrashed out a permanent three-year contract for the Cameroon international, who spent last season on loan at Upton Park. Song, who joined [...]
Jeremy Corbyn’s latest wheeze: Labour leadership front-runner calls for a national maximum wage August 19, 2015 Labour leadership front-runner Jeremy Corbyn has made a radical call for a national maximum wage. “There ought to be a level of a maximum,” Corbyn told The Herald newspaper in Scotland. “Why is it that bankers on massive salaries require bonuses to work while street-cleaners require threats to make them work? “It’s a kind of [...]
London mayoral hopeful Stephen Greenhalgh renews pledge to cut Tube fares August 19, 2015 London mayoral hopeful Stephen Greenhalgh has said there is “a deal to be done” between City Hall and the government to cut Tube and rail fares for commuters. Greenhalgh, who will set out his new plan for London this morning at a rally outside City Hall, told City A.M. that he is confident that he [...]
Hikma injects optimism into trading update August 19, 2015 HIKMA Pharmaceutical, fresh from a $2.6bn (£1.66bn) deal to buy Boehringer Ingelheim’s Roxane unit, met expectations for half-year results yesterday. The Jordan-based firm, which is listed on the FTSE 100, said revenue for the six months ending 30 June was $709m, in line with forecasts. Hikma went on to say it expected to grow revenue [...]
