Wind farm investor is upbeat August 19, 2013 Greencoat UK said yesterday its investment in six wind farms has boosted net assets to £263m in the three months since it listed in London. The investment firm, which focuses solely on renewable energy and energy efficiency, raised an initial £260m and yesterday declared a dividend of £3.9m. Chairman Tim Ingram said: “We have now [...]
TUI ups carbon reduction target August 19, 2013 British travel firm TUI Travel said yesterday it has raised its carbon reduction target after its airlines hit an initial goal to cut carbon dioxide usage by six per cent two years early. The world’s largest tour operator, which owns six European airlines including Thomson Airways, said it now aims to reduce CO2 usage across [...]
New Zealand plans Fonterra probe August 19, 2013 New Zealand yesterday announced plans for a government inquiry into how ingredients made by dairy giant Fonterra became contaminated with a botulism-causing bacteria, as the country tries to salvage its reputation as an exporter of safe agricultural products. The inquiry, to be held alongside two internal Fonterra probes and another by the country’s agricultural regulator, [...]
Everbright hit by trading restriction August 19, 2013 China has slapped restrictions on the number of new stock index futures positions that Everbright Securities can build after a glitch in the brokerage’s systems caused a brief spike in the country’s stock indexes last week. The surge created and then wiped out roughly $100bn (£64bn) worth of share value on the CSI300 Index, which [...]
City Moves for 20 August 2013 | Who’s switching jobs August 19, 2013 Davenport Lyons Gavin Llewellyn has joined the law firm as a partner in its intellectual property team. He previously worked at Berwin Leighton Paisner, where he was an associate director. Brooks Macdonald Asset Management The private client investment manager has appointed Lisa Brown as intermediary sales manager in its business development team. Prior to joining [...]
Best of the Brokers for 20 August 2013 August 19, 2013 INTERSERVE Liberum thinks outsourcing group Interserve’s interim results last week were ahead of expectations. It reiterated its “buy” rating but stated that it is difficult to foresee much sales progress beyond the expected 2014 margin of 4.8 per cent. SPIRIT PUB CO Panmure lifts its target price on Spirit Pub Company to 110p and reiterates [...]
London Report: Fall in copper price hits mining stocks August 19, 2013 ADROP in major mining stocks pushed Britain’s benchmark share index lower yesterday, while persistent concerns about an expected reduction in US monetary stimulus also weighed on the market. The blue-chip FTSE 100 index closed down 0.5 per cent, or 34.26 points, at 6,465.73 points, continuing a pull-back that saw it dip 1.3 per cent last [...]
The Tories can’t rely on directionless Ed Miliband to gift them 2015 victory August 19, 2013 SOME Conservative MPs are in an optimistic, even euphoric, mood. The economy is recovering as is, crucially, public confidence in the government’s stewardship of it. At the same time, Ed Miliband’s leadership of the Labour Party is characterised by drift and looks directionless. Labour grandees are turning on their leader and even seemingly loyal shadow [...]
The economy may be looking up but the public finances are far from fixed August 19, 2013 ECONOMIC indicators seem to be improving. Yes, there are concerns that the growth we are seeing is “the wrong type of growth”, fuelled in part by government attempts to re-inflate the housing market. But if businesses and consumers believe better times are ahead, the hope is that renewed confidence will foster more investment, thus facilitating [...]
Only serious reform can halt the increasing cost of childcare in Britain August 19, 2013 YESTERDAY saw the release of a report by the Child Poverty Action Group (CPAG) showing what many already expected. In recent years, child-related expenses have risen considerably, with the cost of childcare a major driver. Accumulated over 18 years, raising a child in a couple household now costs about £150,000. This study is a valuable [...]
