Quindell set to top forecasts January 14, 2014 OUTSOURCING group Quindell announced yesterday that it expected to meet the top end of full-year market forecasts as it continued to win big customers in the insurance market. In a pre-close trading update, the software provider predicted revenue of £410m and said it would come in at the upper end of adjusted pre-tax profit forecasts [...]
Want to succeed in a hedge fund? Hit the gym(s) January 14, 2014 HOW MANY gym memberships do you have? It’s not a question The Capitalist is used to hearing, but if you work in a hedge fund, it’s apparently something you need to think about. We got our hands on an academic paper published last week by the British Sociological Association, which muscles into the attitudes of [...]
Out in the City G3 Awards name some of our top diversity champs January 14, 2014 THE CITY hasn’t always been a place praised for its diversity but thanks to the Out in the City/G3 Readers Awards, it’s proven itself to be more inclusive than you might think. The shortlist for the awards – which recognise outstanding commitment to promoting equality and diversity in relation to the LGBT community – was announced [...]
Europe’s banks are losing share of M&A deals January 14, 2014 AS GLOBAL merger and acquisition activity looks like springing back into life after a six-year downturn, it’s worth noting that the likely benefactors among bank advisers to these mega deals are likely to be increasingly American. While the likes of Goldman Sachs, JP Morgan, Morgan Stanley and Bank of America Merrill Lynch find themselves set [...]
Stansted is back in growth for first time since the recession January 14, 2014 STANSTED Airport has returned to growth last year for the first time since the recession, with annual traffic up 2.2 per cent to 17.8m passengers. The airport said yesterday it took 1.3m passengers in December, up 7.7 per cent on the previous year and the fourth consecutive month of rising traffic. Manchester Airports Group bought [...]
New HS2 chair is looking for cost savings January 14, 2014 THE NEW chairman of HS2 pledged to cut some costs from the £42.6bn rail project yesterday. Sir David Higgins said “there is no other way” to improve transport links to the north of England and that dropping the project would be “disastrous for the whole country”. “The first thing I want to look at is [...]
Tesla Motors sales soaring January 14, 2014 ELECTRIC car maker Tesla Motors said yesterday that deliveries of its Model S sedan in the fourth quarter blew past what the company had forecast, sending shares up more than 10 per cent in New York. Tesla, run by tycoon Elon Musk, delivered 6,900 Model S sedans in the quarter, 20 per cent above what [...]
TT recruits boss from Cobham January 14, 2014 VEHICLE component maker TT Electronics has snapped up Cobham’s head of aerospace and security as its new chief executive, the firm said yesterday. Richard Tyson will replace current TT Electronics boss Geraint Anderson, who is stepping down after six years in the role. Tyson joined Cobham in 2003 and is responsible for doubling the size [...]
City Moves for 15 January 2014 | Who’s switching jobs January 14, 2014 Broadgate EstatesThe property and asset management firm has announced the appointment of Jonathan Lovejoy as a portfolio director. He joins from Capita Real Estate, where he was director of property management operations. Deutsche Asset & Wealth ManagementThe asset and wealth management business has hired Hugo Vere as UK head of asset management in its real estate investment [...]
Best of the Brokers for 15 January 2014 January 14, 2014 BSKYB UBS has hiked BSkyB from hold to buy with a target up from 880p to 1,100p due to a belief in Sky’s resilience despite increasing competition from the new BT Sport channel. UBS also said the firm could be a takeover target for Fox or a merger partner for Vodafone or Telefonica’s O2. DIAGEO [...]
