Iron Maiden frontman Bruce Dickinson invests in big bag of helium Airlander 10 March 31, 2015 Hybrid Air Vehicles, which owns the Airlander 10 – a flying machine that is part aircraft, balloon and hovercraft – is hoping to raise £3.4m from a crowdfunding campaign, matching a government grant. It already has investors such as Iron Maiden frontman – and pilot – Bruce Dickinson. Dickinson has committed £250,000 after an initial [...]
State pensions generous even after reforms March 31, 2015 Teachers and NHS staff will still receive generous pensions after the government reforms which come into force today, spending watchdog the Institute of Fiscal Studies (IFS) said yesterday. Those with more than 10 years still to work will be made worse off, as their final payout will be based on an average of their earnings [...]
RBS sees better-than-expected price for its Aldgate office block March 31, 2015 Bids for one of the Royal Bank of Scotland’s office buildings in Aldgate have entered a second round, with the taxpayer-owned lender set to gain a better-than-expected payout. The bank appointed advisory firm DTZ at the end of last year to sell Aldgate Union on Whitechapel High Street, with a guide price of around £85m. [...]
IBM announces plans to invest $3bn in Internet of Things unit March 31, 2015 Computing giant IBM yesterday announced it would invest $3bn (£2.02bn) over the next four years in a new Internet of Things unit. It is aiming to sell its expertise in gathering and making sense of the surge in real-time data. The New York-based technology company said its services will be based remotely in the cloud, [...]
Honda accelerates its spending in Swindon March 31, 2015 JAPANESE car maker Honda yesterday announced it would spend more than £200m to upgrade its UK plant, in Swindon, turning it into a global production hub for the next-generation five-door Civic. Honda also makes the engines for McLaren Formula 1 cars.
Largest NHS privatisation comes to an end March 31, 2015 Sarah Spickernell asks why the NHS’ deal with Circle Healthcare flatlined Yesterday, the NHS’ biggest privatisation experiment came to an expensive end. Circle Healthcare, which was chosen by the government three years ago to turn around the troubled Hinchingbrooke Hospital in Cambridgeshire, is abandoning the project seven years early, leaving behind a deficit of between [...]
Simon Murray stands down as boss of Gulf Keystone Petroleum March 31, 2015 Oil firm Gulf Keystone Petroleum revealed yesterday that its colourful chairman Simon Murray is to retire. Ex-Glencore chairman Murray has had a varied past, which includes a stint in the French Foreign Legion. He previously led Li Ka-Shing’s Hutchison Whampoa for 10 years, and is famously known for having once been chased by a leopard. [...]
Pinewood studios launches £30m share issue and calls action on its blockbuster £200m expansion March 31, 2015 THE STUDIO home of James Bond, Harry Potter and Star Wars is going to the market to raise £30m through a share issue for an ambitious expansion plan, it said yesterday. Pinewood studios plans to place eight million shares at 375p per share, with N+1 Singer acting as sole adviser and bookrunner. The £30m will be [...]
City Moves for 01 April 2015 | Who’s switching jobs March 31, 2015 Investec Jane Warren has been appointed head of digital in the UK in Investec’s wealth management and investment services business. She started her career in financial services in 1987, and joined the Investec Group (then Carr Sheppards Crosthwaite) in 1994. Warren has subsequently served as head of CSC’s third party administration business, and head of [...]
Best of the Brokers for 01 April 2015 March 31, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com LONDON STOCK EXCHANGE GROUP Numis reiterated its “hold” rating on the international exchange group, describing it as a “great company, and noting that the shares “have had a very strong run”. However, the broker added that, while it continues to believe in the [...]
