Encore ticketing goes for a song December 8, 2013 ENCORE Tickets, the West End ticketing provider for shows including From Here to Eternity (above), is on the cusp of being sold by private equity backers Isis Equity Partners. Encore, which was backed by Isis in 2010, is set to be sold for about £60m to former Bargain Booze owner ECI.
Amplats slashes 7,500 roles in turnaround bid December 8, 2013 ANGLO American yesterday confirmed that it has already axed 7,500 jobs out of a planned 14,000, as part of the restructuring of its struggling platinum subsidiary. The FTSE 100 miner, which owns a majority stake in Anglo American Platinum (Amplats), announced in January that it would be cutting 14,000 jobs by 2016, as union strikes [...]
Inmarsat launches satellite in £1bn mobile broadband project December 8, 2013 INMARSAT yesterday launched Britain’s biggest commercial space project as the first of its three satellites took off. The London-based firm has invested £1bn in the Global Xpress fleet, to create the world’s first high-speed, worldwide mobile broadband service. Inmarsat aims to launch all three satellites by the end of next year to deliver broadband services [...]
Gold loses its lustre as industry fears price will stay flat or fall December 8, 2013 MOST gold miners expect the metal price to fall or stay the same in the next year, as confidence in the sector continues to plummet. Forty-seven per cent of gold producers surveyed by PwC expect the price to increase over the next 12 months, compared to 88 per cent a year ago. Seven per cent [...]
Harry’s team asks you to walk home for Xmas December 8, 2013 ADVERSE weather conditions may have slowed Prince Harry’s trek to the South Pole but a UK-based event in support of Walking With The Wounded, backed by City A.M., is still rolling full steam ahead. Glenfiddich, Prince Harry’s team, has been banging the drum for Walking Home for Christmas from all the way down in Antarctica. [...]
Cameron mistakes Waterstones for a small business December 8, 2013 WE’RE big fans of American imports here in the UK; we’ve adopted Black Friday as though St George himself spent the first Friday after Thanksgiving hunting for discounted iPads, and now we’re celebrating Small Business Saturday too. Helping support its debut in the UK, government figures made an effort to get out and shop local [...]
Dancing Bob: Diamond’s victory dances December 8, 2013 Bob Diamond is all set to make a triumphant comeback into the banking world with his $250m plan to buy an African bank. Of course no jubilant return is complete without a victory dance and thanks to social media, we’ve got a pretty good idea what Diamond’s might look like.
Vatican Bank risks blacklist for weak money laundering controls December 8, 2013 THE VATICAN’S bank could this week be blacklisted by the international finance community after investigators found poor anti-money laundering controls in place. The 71-year old lender is being probed by Moneyval, the Council of Europe’s watchdog which monitors standards in finance. If the watchdog rules against the Institute for the Works of Religion, as the [...]
Lenders predict another boom in legal bills December 8, 2013 BANKS expect their litigation costs to rise another 30 per cent in the coming year, after already spending an extra 60 per cent in the last 12 months, according to research from Legal Business. The study found 84 per cent of respondents have had to increase legal budgets since the financial crisis, and the level [...]
Management consultancy faring well as firms turn to outside help December 8, 2013 GROWTH in the UK management consulting sector has outpaced the wider economy in the last two years, according to a new report. The Management Consultancies Association (MCA) think tank said companies were increasingly turning to consultants to help them recover and boost growth. The think tank also said levels of optimism had surged in the [...]
