London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
China releases video of Brit in data sale probe August 27, 2013 CHINESE media yesterday showed a video of British risk consultant Peter Humphrey appearing to confess to buying and selling private information, in a move that has drawn complaints from the UK. It is understood that British diplomats have raised concerns with their counterparts in China after state-run broadcaster CCTV showed a handcuffed Humphrey apologising to [...]
Merkel says Greece should not have been let into the Eurozone August 27, 2013 GREECE should never have been allowed to join the euro, German Chancellor Angela Merkel said at an election rally last night, blaming a lack of discipline more than a decade ago for the Eurozone’s economic troubles now. And she also said it was wrong to allow Germany and France to run large budget deficits, breaking the [...]
G4S hires finance chief as its new boss gives interim report August 27, 2013 TROUBLED security firm G4s has hired Himanshu Raja as chief financial officer ahead of new boss Ashley Almanza’s presentation of half-year results today. Raja, who is quitting his role as CFO at Misys after only six months, has previously held senior roles at BT Group and Logica. He is set to join as G4S on [...]
Foxtons to raise £55m in stock market debut August 27, 2013 FOXTONS confirmed plans yesterday to list on the London Stock Exchange and to raise £55m by offering new shares to help pay down its remaining debt. The London-focused estate agency said the initial public offering will also see Adnams BBPM Holdings, a vehicle controlled by its private equity owners BC Partners, sell a partial [...]
Lenders fear new housing bubble most August 27, 2013 NEARLY two thirds of lenders suggest that an artificial boom in house prices is the biggest threat to George Osborne’s Help to Buy scheme. Both brokers and lenders think that a price bubble is most likely to jeopardise the policy, with 59 per cent and 60 per cent respectively citing it as one of the [...]
London Metal Exchange gets new chief exec August 27, 2013 HONG Kong Exchanges and Clearing yesterday appointed industry veteran Garry Jones as the new chief executive of the London Metal Exchange, choosing an experienced exchange executive over frontrunners from metals brokers. Jones, who was most recently chief executive of the derivatives exchange NYSE Liffe, replaces outgoing boss Martin Abbott, who announced his plans to [...]
Balderton cash for 3D printer August 27, 2013 VENTURE capital firm Balderton has made an investment in 3D Hubs, which links up owners of 3D printers with customers hoping to try out the new technology. Tech-focused Balderton said its investment, the size of which was not revealed, will help the Amsterdam-based company expand its network of printers globally. 3D Hubs boss Bram de [...]
Lloyds Bank private equity arm in the frame for Silverstone stake August 27, 2013 THE HOME of British motor racing Silverstone is nearing a landmark deal that could herald Lloyds Banking Group’s private equity arm investing in the legendary site. Silverstone Circuits, which promotes events at the Formula One and Moto GP racetrack, is understood to be in talks with Lloyds private equity arm LDC to take an investment [...]
Moelis UK subsidiary reverses loss to swing into stellar profits August 27, 2013 THE BRITISH arm of boutique investment bank Moelis & Company more than doubled revenues last year despite a dip in advisory services in Europe, its annual accounts shows. Moelis’ UK subsidiary, which is based in St Paul’s Churchyard in the City, saw fee revenue increase from £19.8m to £44.5m for the year ending 2012, according [...]
Acquisition costs see earnings slip at office space firm Regus August 27, 2013 OFFICE space supplier Regus’s first-half profit fell three per cent, it said yesterday, as restructuring costs related to an acquisition earlier this year hurt margins. Regus, which offers business lounges, meeting rooms and office space for rent for periods as short as half a day, reported that pre-tax profit fell to £31.1m for the six [...]
