Moguldom IPO: US media group taps the London market for cash March 9, 2015 The head of US digital media group Moguldom yesterday unveiled plans to float on the London stock market in a bid to raise the profile of the business around the world. Jamarlin Martin, founder, chairman and chief executive of the group, said listing on the junior stock market would provide a strong platform to help [...]
Public sector employers upbeat on hiring ahead of May election March 9, 2015 PUBLIC sector employers are increasingly upbeat on their hiring plans, according to a study from recruitment consultancy Manpower. Despite sustained pressure on budgets because of the government’s plan to cut the budget deficit, the outlook for hiring intentions in the sector climbed to 12 per cent for the second quarter of 2015. The index number is [...]
UK workers are saving largest slice of their salary since 2004 March 9, 2015 BRITONS are saving the most for a decade, figures released yesterday by National Savings and Investments (NS&I) – the state-owned savings bank – shows. Monthly savings are currently 8.52 per cent of pay, up from 8.04 per cent last year. It is the highest share of monthly pay saved since NS&I began its survey in [...]
Goldman Sachs warns oil price will fall again March 9, 2015 OIL PRICES could fall again, reversing the rebound rally the commodity has experienced in recent weeks, Goldman Sachs has warned. According to analysts at the bank, the fact that the pricing rally is so premature has kept it “expecting that prices will remain below the current forward curve in 2015”. “While we reiterate our out-of-consensus [...]
SABmiller eyes up African beer market growth March 9, 2015 Affordable brands and more disposable income were the key to success said SABMiller yesterday, as it claimed the African market was coming of age. The multinational beverage company said the continent was showing great promise as a market for beer and SABMiller was best-placed to capitalise on the opportunity. The firm said the average beer [...]
BrewDog to craft 130 new jobs as demand for its product soars March 9, 2015 Speciality beer firm BrewDog yesterday announced its intention to create up to 130 new jobs as it seeks to capitalise on soaring demand for craft ales. The Aberdeen-based brewer was founded in 2007 and has seen rapid expansion in recent years and now exports beers and ales to more than 50 countries. The company, set [...]
Oddbins opens the cellar door to artisan ales March 9, 2015 AS BRITAIN’S craft beer boom continues, wine and spirits merchant Oddbins announced yesterday it will join the expansion with a new beer-dedicated store in Blackheath, south east London. Oddbins knows the popularity of the industry, as it reported a 37 per cent rise in craft beer sales across 2014. Managing director Ayo Akintola also highlighted [...]
Cheltenham festival bookies beware: Rich Ricci is back March 9, 2015 The sight of former Barclays banking supremo Rich Ricci may still spark panic in the upper echelons of the bank’s new right-on family. But there’s one tribe which may be even more nervous about Ricci’s presence – the bookies. That’s because horse-loving Ricci has three favourites running today at the start of the Cheltenham festival [...]
Balfour Beatty in £250m deal to manage London’s flood defences along Thames Estuary March 9, 2015 Infrastructure firm Balfour Beatty has been signed up to help strengthen London’s flood defences as part of the 10-year Thames Estuary asset management programme. The company said yesterday the contract would be worth up to £250m. The programme, led by engineering consultancy CH2M Hill, is aimed at managing tidal flood defences along the 170km of [...]
Moneysupermarket.com loses non-executive directors Michael Wemms and Robin Klein March 9, 2015 Moneysupermarket, the price comparison site, yesterday announced the departure of two senior directors. Michael Wemms and Robin Klein announced they would be standing down from the board at the company’s annual general meeting on 30 April. Wemms, who has been the senior independent non-executive director since the site’s listing in 2007 and chaired the company’s [...]
