London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
QinetiQ looks for customers outside military November 21, 2013 DECLINING military spending is forcing QinetiQ, the former research arm of the Ministry of Defence, to seek out more civilian customers for products such as fibre-optic cables that detect disturbances in oil fields. The technology firm expects commercial contracts to make up half of its business in the next five years, up from a quarter [...]
Paypoint picks up more delivery work while mobile top-ups drop November 21, 2013 PAYMENT system Paypoint posted a rise in half-year revenues and profits yesterday as its parcel delivery venture Collect+ became profitable. Paypoint said revenues rose 0.4 per cent to £102.2m while pre-tax profits jumped 16.6 per cent to £21.3m. However, the firm said some of the gains in the first half were caused by moving some [...]
Acer’s founder takes charge as its second boss in a month quits November 21, 2013 AILING computer maker Acer yesterday has lost its second boss in the space of a month. The Taiwanese firm said Jim Wong, who two weeks ago was unveiled as chief executive, is leaving the firm. Acer’s founder, Stan Shih, will be its new chairman after the company announced a restructuring plan earlier this month following [...]
City Moves for 22 November 2013 | Who’s switching jobs November 21, 2013 Triangle The investment, property and asset management group has announced the hire of Rick Denton as group chief executive. He was most recently at Barclays, where he was head of international wealth advisory. Prior to that, he was offshore commercial director at Fortis Intertrust. Allianz Global Corporate & Specialty The insurance business has appointed Danny Turner [...]
Best of the Brokers for 22 November 2013 November 21, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ANTOFAGASTA UBS has cut the copper miner from buy to neutral and slashed its target price from 965p to 870p after disappointing third quarter results. UBS expects that copper prices will fall by 12 per cent in 2014 and that this downward trend [...]
London Report: Robust data and firm results help to steady FTSE November 21, 2013 T OP SHARES steadied yesterday after their recent losses, as solid earnings from the likes of Johnson Matthey and robust US economic data offset concerns over the outlook for US monetary policy. However, some traders felt there was scope for further falls in the market, which has been trending lower since late October. The FTSE [...]
New York Report: Dow ends over 16,000 for first time in history November 21, 2013 THE DOW industrials closed above 16,000 for the first time last night as stocks rebounded from three days of weakness, after economic data pointed to a slowly improving labor market and subdued inflation. Financial shares led the market to its first day of gains after three sessions of losses. Although investors remain unsure about the [...]
Sport Comment: BT and Sky TV wars boost English sides in Euro competition November 21, 2013 Concerns that main effect will be to polarise Premier League are misguided, argues Soccernomics author in our exclusive article BT SPORT’S mammoth bid for Champions League and Europa League rights in Britain is more than double the amount paid in the previous round – Sky and ITV paid a combined sum of around £135m per [...]
No support for English rugby’s breakaway cup November 21, 2013 ENGLAND’S Rugby Football Union are adamant they will not be forced into a U-turn on plans to form a breakaway European competition next season, despite unions in Scotland, Wales, Ireland, France and Italy indicating their clubs were set to continue playing in the Heineken Cup. Top French and Welsh clubs had previously indicated their intention [...]
Haskell targets regular place in Wasps’ line-up November 21, 2013 WATCHING rather than playing for England has been tough for James Haskell, who is determined to avoid a repeat at London Wasps. The back row has been plagued with tendinitis for more than a decade, but having featured for Wasps in the LV= Cup recently is desperate to win back his place, starting with Sunday’s [...]
