Personality of the year September 16, 2013 Mark Carney has been the most talked about central banker for many years, and he’s only been in situ at the Bank for a few weeks. Maybe that makes it hard for the judges to hail him so soon but he has made a big claim to this award. Needless to say there is strong [...]
Business of the year September 16, 2013 There’s been some really first-rate performances from some of the nation’s kargest and best known companies this year, making choosing a winner exceptionally hard. The most surprising entrant perhaps is Ocado, since many in the City had written the internet grocer off after its share listing. Thomas Cook is in there because in 2013 it [...]
Roche snaps up a new chairman from Lufthansa September 16, 2013 ROCHE has poached Lufthansa’s chief executive Christoph Franz to succeed Franz Humer as chairman of its board, filling the top post at a time of change for the world’s biggest maker of cancer drugs. Franz, 53, who has been a member of Roche’s board since 2011, will stand for election at Roche’s annual shareholder meeting [...]
Online retailer The Hut Group sees revenue jump in first half September 16, 2013 THE FOOTWEAR-to-protein shake conglomerate The Hut Group yesterday reported a spike in net revenues for the six months ending June this year. The company, which added 250 new jobs over the last 12 months to take its headcount to 750 employees, reported a thirty per cent jump in revenues from £59.1m a year ago to [...]
Chrysler gears up for float to let investor exit September 16, 2013 US CAR firm Chrysler plans to file documents this week that would allow its minority investor to sell shares in a stock market listing, bringing to a head a battle with majority owner Fiat, which wants to take full control of the business. Italian group Fiat wants to buy the 41.5 per cent stake in [...]
Morgan Stanley venture going ahead with tidal power project September 16, 2013 THE SCOTTISH government said yesterday it has given consent for work to begin on the largest tidal energy project in Europe in Pentland Firth, which separates the Orkney Islands from mainland Scotland. MeyGen, a joint venture between investment bank Morgan Stanley, utility International Power and tidal technology firm Atlantis Resources Corporation, will install the 86-megawatt [...]
Chinese ABP in London move September 16, 2013 ROYAL Albert Dock developer ABP has given London a massive vote of confidence by announcing it will locate its global headquarters in the capital. ABP chairman Xu Weiping announced the news at a London-Asia business forum at City Hall yesterday and said the headquarters will have 100 staff and be at the heart of more [...]
Glencore sells off pasta maker September 16, 2013 MINER and commodities trader Glencore Xstrata yesterday said it had agreed to sell Dakota Growers Pasta Company for $370m (£232m) in cash, as it continues to divest assets acquired with its $6bn purchase of Canadian grain handler Viterra last year. To appease regulators around the world, Glencore has already sold a number of Viterra’s assets [...]
City Moves for 17 September 2013 | Who’s switching jobs September 16, 2013 Savills The property company has appointed Oliver Fraser-Looen as a director in its European cross-border investment division. Fraser-Looen was most recently at Cushman & Wakefield, where he worked in its European cross-border retail investment team. Investec Wealth & Investment John Wyn-Evans has joined the wealth management business as head of investment strategy. Wyn-Evans was formerly [...]
Best of the brokers for 17 September 2013 September 16, 2013 PRUDENTIAL Broker Panmure Gordon has retained its buy rating but upgraded its target price for the insurer to 1,453p per share from 1,376p per share. It said it anticipates the Pru to announce a series of stretching targets at the start of December that will help the share price. BARCLAYS Nomura analysts have upgraded the [...]
