Rolls-Royce eyes 3D printing November 13, 2013 Rolls-Royce is exploring the idea of using 3D printers to manufacture some of its parts in future, its head of technology strategy said yesterday. Henner Wapenhans, an executive at the firm, said smaller, individual parts could be made via the 3D printing process to speed up production. “3D printing opens up new possibilities, new design [...]
Sales warning spooks shares in Partnership November 13, 2013 PARTNERSHIP Assurance’s shares slumped below their float price yesterday as investors were spooked by a warning that the specialist insurer will see no growth in the fourth quarter. The firm, which raised £125m when it listed in June, said total sales were up nine per cent to £931.7m in the nine months to the end [...]
Plan for new garden city sought by £250,000 Lord Wolfson prize November 13, 2013 BRITAIN’S housing crisis is the latest subject to be tackled by an annual competition founded by Next chief executive Lord Wolfson. Launched this morning, the 2014 Wolfson Economics Prize is offering £250,000 to the author of the best plan to create a new garden city. “Garden cities provide a potential answer to the housing crisis [...]
Investors back Infinis towards middle of range November 13, 2013 ADVISERS to Infinis, the renewable energy group owned by Guy Hands’ Terra Firma, were yesterday said to be guiding potential investors to the mid-point in the price range for the group’s forthcoming flotation. As the closing date arrived for the retail offer, it looked as if the shares will be priced at no more than [...]
Broker ICAP’s profits slashed by Libor fine November 13, 2013 PROFITS at ICAP fell by more than 40 per cent in the first half of the year, the broker reported yesterday, thanks to a £54m Libor fine. Pre-tax profit came in at £40m, down from £68m in the same six-month period of last year. But the underlying picture was stronger – operating profits increased six [...]
Rise in floats and LCH.Clearnet boost London Stock Exchange November 13, 2013 THE LONDON Stock Exchange Group is enjoying a market bounce at home and abroad, with revenue boosted by its recent purchase of the LCH.Clearnet clearing house. Chief executive Xavier Rolet said yesterday a spate of companies listing in London will add further fuel to the British economy. “The firms that are listing on our markets [...]
3i shares drop as Bramson’s fund bows out November 13, 2013 ELEVEN months after declaring a stake in private equity group 3i, Edward Bramson has left the company mystified again by selling out for a £50m net profit. Bramson’s Sherborne Investors, known for forcing strategy changes at F&C, sold and hedged out of its five per cent holding yesterday at 367p per share, up 38 per [...]
Bwin gaming group hit by Greek internet block November 13, 2013 ONLINE gambling group Bwin.party said yesterday that blocks by Greek internet service providers would hit earnings this year. “In Greece, despite an outstanding infringement notice issued by the European Commission, ISP blocking since August 2013 has, in contravention of EU law, continued to restrict customers from accessing over 400 online gaming sites, including those of [...]
Stock Spirits gets Diageo distribution deal in 2014 November 13, 2013 NEWLY-listed premium vodka distributor Stock Spirits Group reported strong volume growth yesterday while a new distribution agreement with Diageo will see it become the exclusive seller of the producer’s drinks in the Czech Republic. “Our two portfolios are very complementary and this will certainly strengthen our position at the more premium end of the market,” [...]
Esure adds policies as price war rumbles on November 13, 2013 INSURANCE group Esure yesterday said it has gained customers amid a car insurance price war and that is on track to hit full-year forecasts. The firm behind the Sheilas’ Wheels and Esure brands said gross written premiums were up 4.8 per cent in the year to date to £427m, though the pace slowed to 1.7 [...]
