Air Partner profits jump as its private jets attract new clients October 10, 2013 PRIVATE JET hire firm Air Partner said yesterday underlying profits were up 31 per cent in the year to 31 July, despite a three per cent fall in revenues. The firm posted revenues of £220.6m and profits excluding one-off costs to £4.2m. The company’s JetCards, which allow customers to book flights on a pre-paid account, [...]
Playtech picks new chairman October 10, 2013 Playtech has reshuffled its board following the departure of chairman Roger Withers. Alan Jackson, currently a non-executive director, will take over as chairman of the gaming software group, while gaming law expert Hilary Stewart-Jones will take a non-executive seat. Withers, who has been with Playtech since March 2006, will stay with the company until the [...]
Asda deal for Whitworths baking October 10, 2013 Real Good Food Company has won contracts to supply its Whitworths sugar products to Booker and Asda, in a deal that is set to double the value of the brand. The new deals will place the “Whitworths for Baking” range in supermarkets across the country and should create 80 jobs at the firm’s Napier Brown [...]
Funds raised for Cambridge firms October 10, 2013 Cambridge Innovation Capital (CIC) has raised £50m via Invesco Perpetual, Lansdowne Partners and IP Capital to fund the growth of innovative firms based in the Cambridge cluster – the so-called Silicon Fen that is home to many UK tech start-ups. CIC plans to target companies in the middle stage of commercial development. ARM Holdings and the [...]
Ruff and tumble pawlitics as MPs vie for top dog October 10, 2013 THE HOUSE of Commons has seen some important votes this year – but none have been more fiercely contested than yesterday’s Westminster Dog of the Year competition. The annual shindig, organised by the Kennel Club and Dogs Trust, saw no end of backbiting and scratching. International development minister Alan Duncan took the top prize but only after [...]
Poor quarter as euro industry flops in August October 10, 2013 INDUSTRIAL output in France and Italy remained weak in August, with the chances of a boost to growth in the third quarter look increasingly muted. France’s output rose 0.2 per cent from July, while Italy’s dropped by 0.3 per cent over the same period. Both countries are down on the year, falling by 2.9 and [...]
Renminbi comes to Europe as central banks arrange swap line October 10, 2013 THE PEOPLE’S Bank of China (PBoC) announced yesterday that it has successfully inked a swap arrangement with the European Central Bank (ECB). The move represents the latest stage of the renminbi’s transition to an international currency, as the growth of China’s economy requires the expansion of the use of its currency. Although the currency is not [...]
Budget crisis keeps Dijsselbloem away from international talks October 10, 2013 EUROGROUP president Jeroen Dijsselbloem will not attend the International Monetary Fund’s, annual meeting, as a budget crisis will keep him in the Netherlands. Dijsselbloem was set to represent the Eurozone at the talks, but a spokesman said yesterday: “At the moment he had to give priority to domestic matters.” Though the Eurozone overall left recession [...]
Bank of Japan touts victories October 10, 2013 BANK of Japan governor Haruhiko Kuroda claimed yesterday that the country’s monetary stimulus is having its desired effect and refused to rule out further action. During a speech in New York, ahead of the annual meeting of the International Monetary Fund, Kuroda said his policies had lifted economic activity, helped hold off deflation, improved expectations [...]
City Moves for 11 October 2013 | Who’s switching jobs October 10, 2013 Smith & WilliamsonThe financial services company has announced the appointment of John Rugman as head of valuations. He was previously at PwC, where he was director of its UK regional valuation team. PwCRichard Horne has joined the professional services firm as a partner in its cyber security practice. Horne previously spent 12 years at Barclays, most recently [...]
