April Fools’ Day 2015: From Krispy Kreme’s crisp doughnuts to Tetley’s biscuit-flavoured tea, here are some of the best first of April pranks March 29, 2015 The first of April is upon us and it will soon be time for companies to spring little surprises and pranks on us, the unsuspecting public. As if… As a service to our readers, we at The Capitalist have put together some of the best – or worst, depending on your perspective – pranks corporations [...]
Who you know, not what you know: Social contacts still key to a start in career March 29, 2015 Getting on to the career ladder is easy – if you are well connected and are willing and able to do about seven internships, a report suggests today. Young people today need, on average, to have seven work placements to get on to the career ladder, when in the past one would have normally been [...]
Employers fear backlash over pension rules March 29, 2015 UK EMPLOYERS are facing a backlash from their staff when new pension rules come into force on 6 April. According to research from consultancy firm Hymans Robertson, 48 per cent of HR directors fear that their workforce will hold them responsible if employees make poor decisions about their pensions. Only 39 per cent feel that [...]
International consortium buys up London South Bank scheme for £308m March 29, 2015 A consortium of British and international investors has bought up a £1bn office and residential development on London’s South Bank for £308m. UK’s Native Land, Singaporean sovereign wealth fund Temasek, Hotel Properties, run by the Singaporean family behind British handbag-maker Mulberry and Malaysia’s Amcorp Properties, have agreed to buy the site from Carlyle, the private [...]
BHP Billiton spin off close to launching March 29, 2015 MINING company BHP Billiton has been in talks with potential investors over its spin off firm South32. The new subsidiary, which is estimated to be worth $13bn (£8.7bn), consists of BHP’s unwanted mines and refineries. BHP first announced the new venture in August last year, and in October revealed that the company will be listed [...]
The earl who feels the need for speed at Goodwood March 29, 2015 Lord March tells Kasmira Jefford how he plans to keep business at the family’s Sussex estate up to speed There is something magical about Goodwood,” says Lord March, otherwise known as Charles Gordon-Lennox and heir to the 12,000-acre Chichester estate in west Sussex. He has drifted back to his childhood years when Goodwood’s famous racing [...]
Australia confirms it will join up to China-led infrastructure bank March 29, 2015 THE AUSTRALIAN government confirmed over the weekend that it will join the China-led Asian Infrastructure Investment Bank (AIIB). However, Canberra made it clear that it still had concerns about the structure of the organisation. China launched the $100bn (£67bn) proposal last year and more than 20 countries have announced their intention to be founding members. [...]
City Moves for 30 March 2015 | Who’s switching jobs March 29, 2015 Secure Trust Bank The Aim-listed bank has announced the appointment of Graham Drew (pictured) as managing director of asset finance. He has over 22 years’ experience in finance and sales, and has held roles at Shawbrook Bank, GE Capital Solutions, De Lage Landen International BV, and Credit Suisse. Arthur Burton joins as risk director for [...]
Best of the Brokers for 30 March 2015 March 29, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com CAMBIAN GROUP ANALYSTS at Numis have raised their target price for Cambian by three per cent to 380p per share and reiterated “buy” following the health service provider’s acquisition last week of By the Bridge, fostering business that cares for children with high [...]
US data and high street giants lead for coming week – London Report March 29, 2015 INVESTORS this coming week will be digesting a flurry of global economic data and corporate results from a number of prominent UK retailers. The focus is likely to continue to be on US economic indicators, given recent concerns about a slowdown in growth in the first quarter, such as consumer confidence, spending and personal income. [...]
