Dragon Oil shareholders breathing fire over £3.7bn ENOC takeover bid June 18, 2015 Dragon Oil was at the centre of a shareholder showdown yesterday, over whether to accept a £3.7bn takeover offer from Emirates National Oil Company (ENOC). But LGM Investments told City A.M. that it disagreed with Baillie Gifford’s plans to reject the improved 750p per share bid for the Turkmenistan-focused oil producer. “We [...]
Wind energy subsidies will end next April June 18, 2015 The government has moved forward the end date for onshore wind energy subsidies, it revealed yesterday. The Department of Energy and Climate Change will close the renewables obligation to new onshore wind generating stations from 1 April 2016. The Conservatives had pledged to stop the subsidies in their manifesto ahead of the General Election, however [...]
Norway’s interest rate at record low June 18, 2015 Norway’s central bank cut its key interest rate by 0.25 percentage points to a record low of one per cent yesterday and warned another cut may come in the autumn ,as the economy slows after the oil price crash. The price of black gold more than halved between July last year and March, and is [...]
Westminster repairs could cost £5.7bn: With parliament’s palace falling apart, what are the options to save it? June 18, 2015 The Palace of Westminster is crumbling. According to leading architects, the UNESCO World Heritage site, which contains the House of Commons and the House of Lords, now suffers from “extensive” stonework decay, leaking roofs and corrosion – and that’s just the beginning. Dr Richard Ware, programme director for Palace of Westminster Restoration and Renewal, [...]
Q&A: Westminster palace revamp explained June 18, 2015 Q In how bad a shape is the Palace of Westminster and what needs work? A The building hasn’t undergone any restoration work since a fire in 1834, and is in severe state of disrepair, with asbestos in much of the building and leaking roofs. But the biggest work will be to the “mechanical and [...]
William Hill’s finance chief Neil Cooper trades in horseracing for housebuilding at Barratt Developments June 18, 2015 Bookmaker William Hill yesterday said that its group finance director Neil Cooper is leaving after five years to join Barratt Developments. Cooper is going back to his housebuilding roots, having previously held the role of finance director at Bovis Homes before joining William Hill. His contract has a 12 month notice period, but his actual [...]
What to get for the man who has everything June 18, 2015 WHAT can you get for the dad who has it all? For those close to their dads, you might spend days making a heartfelt gift from scratch. But what about a gift for the man who has everything and you don’t really know what to get? Good news! This year you have a wonderful selection [...]
MUFG straight in at the charity football championships June 18, 2015 IT WAS all to play for yesterday at recruitment consultants Kennedy Pearce’s annual charity football competition, where over 25 FTSE 100 companies, including Sony Entertainment and Virgin Active, went head-to-head to raise £1,000 for the charity of their choice. Investment bank MUFG Securities wiped the floor with the independent merchant banking group Close Brothers in [...]
TaxPayers’ Alliance research puts full national debt at £8.6 trillion June 18, 2015 The UK’S national debt would stand at £8.6 trillion if it were to include all of the government’s liabilities, according to new research from the TaxPayers’ Alliance (TPA). The group has today issued a report calling on the government to report the “real” national debt by changing the way it measures the figure. Read more: [...]
City Moves for 19 June 2015 | Who’s switching jobs June 18, 2015 Brooks Macdonald Group Ghislaine Perry has been appointed head of group marketing at the wealth management group. She joins from Brewin Dolphin, where she was divisional director of marketing. Perry has also held roles at Insight Investment, Merrill Lynch Investment Managers and Axa IM. VentureFounders The equity crowdfunding platform has announced three appointments. Jamie Beare [...]
