Europe recovery for TNT Express October 28, 2013 DUTCH delivery group TNT Express said yesterday it sees signs of improvement in its main European markets, although overall the recovery was fragile. Chief financial officer Bernard Bot said Britain, Germany and Benelux had shown the strongest signs of recovery, while Italy and Spain still faced challenges. “It’s a mixed picture with some positive signs [...]
Numericable’s €5bn valuation October 28, 2013 FRENCH cable operator Numericable plans to sell its shares for between €20.30 and €24.80 per share in a public offer next week, valuing the private equity-owned company at up to €5.57bn (£3.45bn) including debt. The offer is seen by executives and investors as a first step towards a shake-up of France’s telecoms sector, which has [...]
City Moves for 29 October 2013 | Who’s switching jobs October 28, 2013 Threadneedle Investments The investment management firm has announced the appointment of Richard Vincent as head of wholesale solutions. He was most recently at Skandia Investment Group/Old Mutual Wealth, where he was proposition director. Irwin Mitchell Nigel Kissack has joined the law firm as national head of commercial litigation. Kissack specialises in resolving disputes for private and [...]
Best of the Brokers for 29 October 2013 October 28, 2013 SAGE GROUP Jefferies has upgraded the business software specialist to buy from hold and upped its target price to 380p from 320p. The broker believes the company is undervalued and that the market is focusing too much on the lack of momentum regarding the cloud. WHITBREAD Bank of America Merrill Lynch has raised its target [...]
London Report: FTSE stalls at a five-month high as big storm hits October 28, 2013 BRITAIN’S blue chip share index steadied yesterday after hitting a five-month high, stalling just above the key 6,700 points level as a mixed crop of earnings led to profit taking and bad weather curbed activity. Airlines were among those hit by profit taking, as the St Jude storm in Britain disrupted flights. Easyjet dropped 2.3 [...]
New York Report: S&P 500 closes at record figure on US Fed talks October 28, 2013 THE S&P 500 closed at another record high yesterday as expectations were lifted that the Federal Reserve will keep its stimulus in place when it meets this week. But the overall market was little changed, with the Dow and Nasdaq ending down slightly, after the recent sharp run-up in the stock market lost some momentum. [...]
London looks to build on Islamic investment lead October 28, 2013 A GUIDING principle of the World Islamic Economic Forum is that business and trade connections can bring the Muslim and non-Muslim worlds closer – politically, culturally, and economically. Today, speakers including Lord Green, the UK’s trade and investment minister, Kamal bin Ahmed, acting chief executive of Bahrain’s Economic Development Board, and Jaguar Land Rover chief [...]
Why business is key to uniting East and West October 28, 2013 TODAY the ninth World Islamic Economic Forum (WIEF) meets for the first time outside a Muslim country. And it’s happening here in London, the UK’s cosmopolitan and inclusive capital. There has never been a more important time for Western and Islamic countries to work together. We’ve discovered that, when people get together for business, they [...]
Why bringing Islamic culture to London has a powerful business case October 28, 2013 WHILE the serious business of growth and economics will be top of Forum delegates’ minds today, from tomorrow a free festival of the creative industries will showcase how culture, art, and creativity can play a crucial role in economic empowerment. The Marketplace of Creative Arts festival (MOCAfest), running tomorrow and Thursday from 10am to 10pm, [...]
Cameron to announce West’s first Islamic government bond October 28, 2013 THE PRIME Minister will today announce that he wants Britain to be the first country outside the Islamic world to issue a sovereign sukuk – an Islamic bond-like instrument. In his speech at the World Islamic Economic Forum today, David Cameron will say that the Treasury is working on the practicalities of issuing a sukuk [...]
