Investors call for annual strategy meetings with chief executives December 3, 2013 THE BOSSES of major listed companies should meet investors for an annual strategy meeting as well as the standard AGM, the Collective Engagement Working Group of institutional investors said yesterday. The institutional investors argue the strategy meeting will focus the executives’ minds on long term results, balancing out the short-term focus that comes with quarterly financial [...]
Martin & Co to float on Aim December 3, 2013 Residential lettings agency Martin & Co yesterday confirmed its intention to join London’s junior stock market, becoming the latest real estate firm to float. The company, which manages 30,000 properties across 187 franchise offices, plans to raise £4m from a listing on Aim on 18 December. The IPO will allow its founders to partially exit [...]
McCarthy & Stone board hires December 3, 2013 Retirement home builder McCarthy & Stone yesterday appointed two new non-executive directors to its board. Frank Nelson, former finance director of Galliford Try, and Mike Parsons, the outgoing chief executive of Barchester Health, will join the board immediately. Chairman John White said: “We are working towards our goal of taking McCarthy & Stone to the [...]
Micro Focus sees profit fall December 3, 2013 Micro Focus yesterday posted a slide in half year pre tax profits down seven per cent to $75.8m (£46.3m) from a year earlier. Revenue was up 2.4 per cent to $207.5m on constant currency basis. “Our business profile was more balanced in the first half and whilst markets remain challenging we are seeing a strong [...]
Celebs hold the line for Icap’s 31st Charity Day December 3, 2013 WITHIN a few minutes of walking through the doors of Icap yesterday The Capitalist had run into a pack of rowdy pirates, walked past a “Broking Bad meth lab” and watched a conga line of gladiators snake its way through the famous trading floor – there was no mistaking it, Icap’s 31st Charity Day was [...]
Tidjane Thiam: from Paris with love December 3, 2013 PRUDENTIAL boss Tidjane Thiam sent a pretty overt message to his French countrymen when he accepted his Grand Prix de l’Economie award last week. Facing a packed Parisian audience (which included Christine Lagarde), Tidjane – a graduate of France’s top universities – chose to extol the UK’s business practices, describing the UK as having a “unique [...]
What Tim might be Cook-ing up on his Christmas wish list December 3, 2013 With Apple’s recent purchase of Topsy, Tim Cook is clearly enjoying a touch of retail therapy in the lead up to Christmas. The Capitalist thought it would be fun to try to second guess what else might be on Cook’s list. 1 Snapchat – Topsy is one of Apple’s first forays into social media, so [...]
England could face Brazil and Dutch in World Cup nightmare December 3, 2013 ENGLAND’S World Cup hopes suffered a setback last night when it emerged they could be plunged into a group with two top 10 teams when the draw is made on Friday. The worst-case scenario would see them drawn with Brazil, Holland and the USA – all ranked in world governing body Fifa’s top 14 countries. [...]
Premier League: Allardyce aggrieved at defence in Palace loss December 3, 2013 CRYSTAL PALACE 1 vs WEST HAM UNITED 0 WEST Ham manager Sam Allardyce slammed the sloppy defending that gifted Crystal Palace their first home win since August and sucked the visitors closer to the relegation zone. Palace started tentatively in new boss Tony Pulis’s first match in charge at Selhurst Park, but edged in front [...]
Mourinho eyes decisive spell December 3, 2013 CHELSEA manager Jose Mourinho says the hectic Christmas period will sort the Premier League title contenders from the pretenders. Arsenal sit four points clear but Mourinho, whose side visit Sunderland tonight, will only consider them favourites if they remain atop the table at New Year. “There is a lot to play for in December and [...]
