Lending up as Spain’s recession shows signs of coming to an end September 26, 2013 BANK lending increased in Spain in August as the crunch in peripheral Eurozone economies showed signs of ending, European Central Bank (ECB) data showed yesterday. The troubled Iberian economy saw lending rise 0.8 per cent in the month, representing a small turnaround from a fall of more than 12 per cent in the last year. [...]
Nike races past forecasts as its sales rocket September 26, 2013 NIKE enjoyed big gains in sales in North America and Europe last quarter and benefited from fewer markdowns, helping the maker of sports clothes and shoes report a stronger-than-expected quarterly profit. Total revenue rose 7.7 per cent to $6.97bn (£4.3bn), and global orders for delivery later this year, which the company calls “futures orders”, rose [...]
Michelin cheers star-studded City restaurants September 26, 2013 THE LATEST Michelin awards, held yesterday, have made the City a much more star-studded place to have lunch. Angler, a seafood specialist on the roof of the South Place Hotel in Moorgate, was among the nine restaurants in London to be given a prestigious star, just a year after opening. Another newcomer – Lima, just [...]
JP Morgan picks BBC’s Flanders as its new chief market strategist September 26, 2013 JAMIE Dimon had something of a mixed day when it came to state institutions yesterday. The low point for the JP Morgan boss was probably being asked by a security guard to show some ID as he went into the US Justice Department to talk through a bruising and expensive regulatory settlement. But across the [...]
BT hits back over contract critics September 26, 2013 FIXED line operator BT has hit back against yesterday’s report from the Commons Public Accounts Committee (PAC) that claimed the government had mismanaged the rollout of rural broadband contracts. “We are disturbed by today’s report, which we believe is simply wrong and fails to take on board a point-by-point correction we sent to the committee [...]
Big data proves to be popular with investors as WANdisco raises £19m September 26, 2013 WANDISCO, the software company that specialises in distributed computing solutions, reported yesterday that its revenues had jumped 20 per cent to $3.51m (£2.2m) in the six months to 30 June. The company also announced a bookbuild of 2m shares yesterday morning at 950p a share, which sold out to raise £19m for WANdisco. “We’ve raised [...]
Faster mobile internet rolls across country September 26, 2013 MOBILE networks EE, Vodafone and O2 all rolled out 4G coverage to new towns today. EE added 12 new towns to its coverage while Vodafone and O2 both added 5 towns. Three, the UK’s smallest mobile network, is not scheduled to begin its 4G rollout until December.
Supermarkets in fuel pricing wars September 26, 2013 THE SUPERMARKET price war on petrol escalated yesterday, when some of Britain’s largest chains slashed costs for the second time in a matter of days and Sainsbury’s became the latest grocer to enter the fray. Asda said that it would cut unleaded petrol by 3p to 128.7p per litre and diesel by 2p to 135.7p [...]
Countrywide buys Lambert Smith as Alchemy sells £70m of its shares September 26, 2013 COUNTRYWIDE, the newly-listed estate agency, yesterday announced plans to buy property consultancy Lambert Smith Hampton (LSH) for just over £34m. The sale, in a pre-pack administration, will wipe out LSH’s debts left over from a 2007 management buyout. Countrywide has struck a deal with Sankaty, which owns LSH’s debt pile, and Grant Thonton acted as [...]
Revamped King’s Cross Square opens September 26, 2013 THE £550m revamp of King’s Cross was officially marked yesterday as a new public space in front of the station was unveiled. Opening King’s Cross Square yesterday morning, Mayor of London Boris Johnson said the regeneration of the area had created “a whole new vibrant district”.
