Serco investors positive after trading update July 1, 2015 OUTSOURCING group Serco gave its investors an optimistic update yesterday, and said trading in the year to date has been “a little better” than expected. Shares in the company were up by 6.53 per cent at the close after it confirmed that expectations for the year as a whole remain unchanged from those set out [...]
WeWork launches shared office space for start-ups at Moorgate July 1, 2015 A US COMPANY that provides flexible workspace to start-ups is hoping to tap into demand among London’s thriving tech community after launching a new site near Moorgate station today. WeWork has taken eight floors at Brookfield’s Moorgate Exchange, its fourth location in the UK after opening in Sea Containers House, Soho and Devonshire Square over [...]
Uber adds ranks in Indian cities July 1, 2015 Controversial transport technology firm Uber yesterday announced it will open operations in seven more Indian cities, to keep up with local rival Ola. It brings the total number of its operating territories there to 18. From today it will make India the company’s second-largest territory after the US. Uber has not had an easy ride [...]
AA plans India roadside unit July 1, 2015 INDIA’S iconic tuk-tuks will not be covered by AA’s roadside assistance joint venture planned for the sub-continent, it announced yesterday. In return for £4m, the AA will hold 49 per cent of a unit with TVS Automobile Solutions, to target the growing demand for roadside assistance – driven by growing car sales. India’s much-loved scooters [...]
US crude oil inventories shock the market as it prepares for Iran deal July 1, 2015 BRENT crude oil fell below $63 yesterday, after US crude inventories rose unexpectedly, a sign that the global oversupply is unlikely to diminish in the near term. Official stocks data largely confirmed information from the American Petroleum Institute on Tuesday, which said crude stocks increased by 1.9m barrels, a jump that analysts were not expecting. [...]
Tullow Oil’s optimistic half year forecast fails to push shares up July 1, 2015 TULLOW Oil failed to impress shareholders with a trading update yesterday, despite analysts describing the company’s announcement as largely positive. Aidan Heavey, Tullow chief executive, said the group had taken “a number of important steps” to ensure that it “remains on a firm financial footing”. The firm has suffered a series of setbacks over the [...]
Davies: I chose Heathrow because it offers strongest benefits for UK economy July 1, 2015 HEATHROW’S dominant position for UK freight traffic, focus on long haul flights and better domestic transport links were the decisive factors underpinning Sir Howard Davies’ decision. The former London School of Economics director said Heathrow expansion would boost the productivity of the UK economy more than Gatwick expansion and offered better strategic benefits. Building a [...]
Knight Frank warns that homeowners will be hit July 1, 2015 THE PROPOSED scheme for paying back hundreds of homeowners who would be forced out of their homes by runway expansion at Heathrow airport is “seriously lacking,” according to Knight Frank. The Airports Commission has recommended that Heathrow airport compensate the 783 homeowners who would lose their properties at “full unblighted market value plus an additional [...]
London mayor hopefuls square off on Heathrow July 1, 2015 PROPOSALS to build a third runway at London’s Heathrow Airport are set to take centre stage in the race for City Hall, as mayoral hopefuls plant their flags on all sides of the debate. The Airports Commission’s recommendation yesterday to expand Heathrow has cut across party lines, with Conservative and Labour candidates split over the [...]
City Moves for 2 July 2015 | Who’s switching jobs July 1, 2015 Baker Tilly The professional services firm has appointed Diane Gwilliam as head of capital markets. She has been at Baker Tilly for 14 years, and a corporate finance partner since 2008. Gwilliam takes over from Chilton Taylor, who is standing down but remaining as corporate finance partner with the firm. Lloyds Banking Group Simon Davies [...]
