Mid-size firms boom in London December 1, 2013 MEDIUM-sized firms in London punched above their weight during the past three years, contributing a disproportionate amount to the capital’s economy over a bleak period, according to new research. A Confederation of British Industry (CBI) report this morning said companies employing between 50 and 499 people offset 86 per cent of public sector job losses [...]
Some of the City’s finest take a slice of the Villandry December 1, 2013 THE PATH from the City to the foodie industry is well-trodden, and the latest epicurean hangout to get the City-treatment is the Villandry. A consortium of well-known investors took stakes in the restaurant chain back in May 2011 and they’ll be raising a glass to its newest outpost, in St James’s, tomorrow – for the [...]
Now it’s time for Decem-beard December 1, 2013 MOVEMBER may be over, but just when you thought it was safe to return to your regular facial hair regime we roll straight into a new money-raising month – Decembeard (Movember’s decidedly bushier cousin). Which pun-loving wordsmiths came up with the idea is unknown, but Beating Bowel Cancer is running with it, declaring that it’s [...]
Britons plump for pricier new iPhone model December 1, 2013 APPLE’S iPhone 5S had outsold the company’s 5C model three to one in the UK, despite the higher price of the more powerful handset. According to sales figures from Kantar Worldpanel Comtech, released today, the more expensive 5S has proved much more popular among British consumers. However, in the US, Apple has had more success [...]
Trainline takes £2m fee hit after pulling its plans for auction sale December 1, 2013 PRIVATE equity-backed train ticket website thetrainline.com saw pre-tax losses narrow last year despite forking out £2.1m in advisory fees for its aborted auction sale last July. The ticketing company, which is owned by Quorn Foods backer Exponent Private Equity, posted a pre-tax loss of £1.03m for the year ending 2 March 2013 versus a £6.18m [...]
First Tech City float may be two years off December 1, 2013 GOOGLE will today announce that the companies who joined its East London Campus startup community have collectively raised £34m in funds this year, as a former executive of Tech City warns the first flotation of a Silicon Roundabout startup could still be two years away. The warning came from Benjamin Southworth, former deputy chief executive [...]
It’s a tough job but someone has got to do it December 1, 2013 The new boss of recruiter SThree tells Marion Dakers how his diverse business is navigating through the economic recovery AS THE festive party season rolls around again, staff at SThree will be looking forward to the office get-together more than most. Over the last few years, the white-collar recruiter has used its annual bash in [...]
Barclays cracks top five FTSE broker rankings December 1, 2013 BARCLAYS broke into the top five FTSE 100 stockbroker rankings last month, overtaking Deutsche Bank, fresh figures released today show. The British bank added two new blue chips to its roster of clients – supermarket giant Tesco and engineering firm Amec – to place it joint fifth in a list of the top brokers, ranked [...]
Takeda appoints Glaxo boss as next chief executive candidate December 1, 2013 ONE OF the world’s biggest pharmaceutical companies has poached a GlaxoSmithKline (GSK) veteran to inherit the top job leading the company in future. Takeda Pharmaceutical Company, Asia’s biggest drugmaker, has appointed the head of GSK’s vaccine unit Christophe Weber to become chief operating officer from April next year. The role is used as a training [...]
Premier League football teams not selling naming sponsorship rights are leaving £50m on the table December 1, 2013 MANCHESTER United football club could earn up to £17m a year if it follows Manchester City’s lead to sell the sponsorship naming rights to its stadium, according to valuation experts American Appraisal. Of the 20 clubs in the Premier League only two have sold off sponsorship naming rights to their stadiums – Manchester City’s Etihad [...]
