City regulator outlines state of the sector October 23, 2013 THE CHIEF executive of Britain’s city watchdog last night said that there would still be setbacks in the financial sector, but that it “is getting its act together”. Speaking at the Mansion House last night, Martin Wheatley, the head of the Financial Conduct Authority, laid out the issues: “Poor conduct is still a daily staple [...]
London firms see better profits as confidence hits 2010 levels October 23, 2013 COMPANIES in the capital were at their most confident in over three years during the third quarter, according to research released today. The latest survey of London’s businesses by Grant Thornton and the Institute of Chartered Accountants in England and Wales (ICAEW) points to the strongest sentiment seen since the second quarter of 2010, the [...]
Birds eat berries as BlackBerry app takes flight October 23, 2013 IT’S OFFICIAL. BlackBerry, once the giant of the smartphone world and the nemesis of every holidaying chief executive, is now little more than an app developer – albeit a very successful one. As its updated BlackBerry Messenger (BBM) app for Android and iPhone finally went live (a month after leaked software botched the original launch), some [...]
The Grizz has a change of heart as he embraces the French way October 23, 2013 Eight months is a long time in business it seems. Titan International chairman Maurice Taylor, known as “the Grizz” for his gruff manner, is said to be reconsidering his abandoned bid for a French factory that is being closed by US tyre-maker Goodyear. In July, he was rather frank about his decision not to purchase [...]
Get fit for free October 23, 2013 Corporate London is looking healthier than ever but while your company is fit for business … are you and your colleagues? In a unique partnership with London’s newest, cutting-edge fitness club LAX St. Botolph’s, we’re searching for five City workers to join us on a fitness journey. Nominate yourself, a colleague, manager or even director [...]
Argos replaces catalogues with tablets in stores October 23, 2013 ARGOS is to launch a “handful” of new “digital concept” stores next month that will see the retailer’s trademark printed catalogues replaced with tablets for the first time. Argos owner Home Retail Group has already opened a trial store in Camden where the familiar laminated catalogues have been scrapped in favour of iPads for browsing [...]
Ashley offloads shares as Sports Direct reports 15pc jump in sales October 23, 2013 GOLDMAN Sachs said yesterday it would sell up to 16m shares in Sports Direct acquired from the retailer’s founder and deputy chairman Mike Ashley, after the retail chain reported strong sales for the second quarter. The bank said it would sell the shares to institutional investors, with bookbuilding starting immediately. The announcement came after Sports [...]
Tobacco giant’s volumes down as Europe quits October 23, 2013 BRITISH American Tobacco yesterday reported revenues increased only 0.7 per cent in the nine months to 30 September, as trading was hit by adverse exchange rate movements and lower volumes in key European and Brazilian markets. The world’s second largest private sector tobacco company said that worldwide volumes of cigarettes fell 3.2 per cent compared [...]
Architects Foster and Gehry to design part of Battersea Station October 23, 2013 THE OWNERS of Battersea Power Station have commissioned world renowned architects Frank Gehry and Norman Foster to co-design part of the iconic £8bn scheme. Their practices Gehry Partners and Foster + Partners will design a new high street linking the development and the new northern line extension as well as 1,200 surrounding homes. It will [...]
UK TV box firm Pace pays £191m for Aurora in US October 23, 2013 SET-TOP box maker Pace yesterday saw its share price skyrocket more than ten per cent to value the company at over £1bn, after the company announced it would buy US network firm Aurora Networks for $310m (£191.7m). Pace expects the purchase will significantly boost the company’s earnings in 2014, with cost savings from synergies worth [...]
