Brazilian rumours of 3G bid send Diageo shares up seven per cent June 8, 2015 SHARES in listed beverage giant Diageo shot up seven per cent yesterday amid persistent speculation the firm was a takeover target for Brazil’s richest man. Rumours of a possible bid by the billionaire Jorge Paulo Lemann, through his investment firm 3G Capital Partners, were sparked by a small article in Brazil’s Veja magazine on Friday. [...]
WPP gets stake in Turkish digital media firm Wanda as lira takes a fall June 8, 2015 Advertising giant WPP’s subsidiary firm J Walter Thompson has acquired a minority stake in Turkish digital agency Wanda Digital. The move comes at a fraught time in the Turkish domestic market. Yesterday the Turkish lira fell five per cent to an all time low against the US dollar, on the back of the country’s [...]
Nat Rothschild lays down Arms in battle with Asia Coal Energy Ventures June 8, 2015 The bitter dispute over the future of Asia Resource Minerals (Arms) was finally resolved yesterday after Nat Rothschild backed out of the firm he co-founded five years ago. Rothschild, through the fund NR Holdings, announced his intention to sell his 17.2 per cent stake in the struggling miner after attempts to wrest back control [...]
City hotspot Coq A’rgent did all it could to stop suicide says coroner June 8, 2015 A CITY restaurant did everything it could to prevent a man jumping from its seven-storey roof garden, a coroner’s inquest has ruled. Food blogger Wilkes McDermid jumped from the Coq D’Argent restaurant on Poultry on 8 February. The City of London coroner Dr Roy Palmer recorded his death as suicide, saying the cause was severe [...]
PwC: Young women put off finance jobs for fear of poor career chances June 8, 2015 Young women in financial services are just half as likely as men to feel they have a chance of rising to become senior managers, according to a study out today from PwC. Just 35 per cent believe they stand a good chance of substantial career progression with their current employer, compared with more than 70 [...]
UK’s skills shortage will get worse if we leave EU, says Manpower boss James Hick June 8, 2015 Britain must stay in the EU to avert a skills crisis in sectors from finance to the NHS, the boss of recruitment firm Manpower told City A.M. yesterday. James Hick said firms are already seeing a shortage of suitable workers and will rely very heavily on the free movement of people within the EU. “It [...]
UK is magnet for sovereign wealth funds June 8, 2015 BRITAIN has been more successful than any other country in attracting investment from sovereign wealth funds (SWFs) over the past eight years, a report from TheCityUK showed yesterday. The UK and the US each received around 16 per cent of the $800bn (£523bn) invested by SWFs since 2007, meaning Britain’s economy has brought in more [...]
Ex-Arsenal star throws hat into the ring June 8, 2015 Former England defender Sol Campbell is gunning for a new title: Mayor of London. The ex-Arsenal player said yesterday that he will stand as a Tory candidate to replace Boris Johnson. Campbell first made his move into politics last year, when he called Labour plans for taxes on high-value properties “madness”.
New data lifts German growth outlook June 8, 2015 THE GERMAN economy is set to bounce back from its sluggish start to the year, after figures released yesterday showed strong growth in the country’s industrial production. Its trade surplus also widened, lifting growth prospects. Industrial production jumped 0.9 per cent from March to April. It left April’s annual growth rate at 1.4 per cent. [...]
Star manager Neil Woodford invests £21m in online brokers AJ Bell June 8, 2015 Neil Woodford, one of the UK’s most successful fund managers has poured £21m into AJ Bell, the online investment platform and stockbroker service provider. Woodford Equity Income Fund is investing £13m while a further £8m is being invested by Woodford Patient Capital. Woodford founded Woodford Equity Income after quitting Invesco Perpetual, AJ Bell’s largest shareholder. [...]
