London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Game eyeing £200m stock market return November 21, 2013 HIGH street video games retailer Game is considering a £200m return to the stock market, just 18 months after Henry Jackson bought the chain out of administration. Jackson is believed to be considering a number of options including an IPO, according to the Daily Telegraph.
Morrisons sets date for online grocery service November 21, 2013 MORRISONS is to begin delivering groceries to online customers in Warwickshire from January before eventually reaching Londoners’ doorsteps this summer, as the supermarket plays catch-up with rivals. Speaking to investors yesterday at a salmon-packing factory in Stratford, chief executive Dalton Philips unveiled how it plans to lure customers away from competitors’ long established online businesses. [...]
Credit Suisse sets up a separate Swiss subsidiary as crisis lifeboat November 21, 2013 CREDIT Suisse said yesterday it was setting up a Swiss subsidiary by mid-2015, a move that would make it easier to break up the bank in the event of a severe crisis. The move would cover primarily wealth management, retail and corporate and institutional clients and its product and sales hub in Switzerland, the country’s [...]
Serco UK and Europe boss steps down to accelerate renewal plan November 21, 2013 OUTSOURCING firm Serco said yesterday its head of UK and Europe would step down as the firm, currently under criminal investigation, looks to win back the trust of the UK government. In a statement the firm announced UK and Europe operations chief Andrew White will take over from Jeremy Stafford on an interim basis. “Serco [...]
Weetabix owner mulls market listing November 21, 2013 WEETABIX’S Chinese owner Bright Foods is weighing plans to float the cereal maker on the stock market, it said yesterday. Plans for a float are at a very early stage, with no banks having been appointed or a timetable for an initial public offering being set. No location for the float has been decided.
Recession could return to France as firms struggle November 21, 2013 FRENCH businesses appear to have contracted this month, according to a major survey of manufacturers and services firms, adding to concerns for the second-largest economy in the Eurozone. The country’s purchasing managers’ index (PMI) fell to its lowest level since the second quarter in November, Markit announced yesterday. France’s score dropped to 48.5, below the [...]
Apple awarded $290m over its patent dispute with Samsung November 21, 2013 APPLE yesterday won $290m (£179m) in a damages retrial against Samsung, as the two companies continue to battle globally over their patent holdings. The technology giants have been fighting in the courts for over two years. Last year, Apple was awarded over $1bn in damages after it convinced a jury that Samsung copied various features [...]
Ukraine vote on jailed leader slams brakes on EU trade deal November 21, 2013 A PROSPECTIVE trade deal between Ukraine and the European Union was quickly scratched yesterday, following a vote over the jailing of opposition leader Yulia Tymoshenko. The Ukrainian parliament voted down a bill that would have released Tymoshenko to leave Ukraine, a prerequisite for the agreement with the EU. The move came only hours after Russian [...]
Bank’s Dale says UK rates will stay low November 21, 2013 BANK of England chief economist Spencer Dale said last night that interest rates will remain low for a “sustained period”. “We had a very deep recession, we have a number of years to go,” Dale told the BBC, adding that the recovery would take a “number of years”. On the possibility of a housing bubble, [...]
Firms warn EU dark pool cap will hit savers November 21, 2013 CITY firms yesterday said plans for new EU rules on so-called “dark pool” trading platforms will lead to a worse deal for savers and urged regulators to focus on compiling more accurate data. The EU yesterday reached a preliminary deal to limit the volume of trading in a particular stock on dark platforms. The plans, [...]
