Babcock lands London Fire Brigade contract April 1, 2014 UK engineering group Babcock International has said this morning that it has been named as the preferred bidder for a 21 year contract, with London's Fire Brigade (LFB). The company was awarded the contract to manage LFB's vehicle fleet by the London Fire and Emergency Planning Authority (LFEPA). There will be a 10 day standstill [...]
UK Bitcoin exchange shuts up shop March 31, 2014 Bit121 a UK-based Bitcoin exchange has suspended trading and will be closing temporarily from today. The exchange has not confirmed when it will reopen. Bit121's site functionality was removed on the 26 March. However, the site did provide the following exceptions: 1. Users will be able to view their account balance and account statement2. Users [...]
Blinkx shares surge after response to academic’s critical blog March 31, 2014 Online video search company Blinkx has seen its shares rise sharply after the company issued a detailed response to a blog from a Harvard academic who called into question the company's business model. Blinkx "strongly refuted" the blog and conducted an internal and external review of the claims made in the blog, which has now [...]
London property sellers bag 99pc of the asking price March 31, 2014 House prices have risen for the 14th consecutive month, with a 0.6 per cent rise in March, according to the monthly national housing survey conducted by residential property analysts Hometrack. 50 per cent of postcode districts reported an increase in prices. The survey also showed that those who are selling property in London were able [...]
Boohoo revenue soars 62pc March 31, 2014 Online fashion retailer Boohoo.com finished the year to 28 February with net revenues enjoying a year-on-year rise of 62 per cent to £109m, according to the company's year end trading update. Boohoo.com saw earnings before interest, taxes, depreciation and amortization for the period in line with expectations, increasing 200 per cent on the previous year. [...]
What you need to know before the open March 31, 2014 European markets are expected to open higher this morning in wake of last week's gains. Investors hope that the European Central Bank will take a more dovish approach to monetary policy and China will take steps to counter economic slowdown. German retail sales rose by a better than expected 1.3 per cent in February. Corporate [...]
Carillion lands £200m hospital deal March 31, 2014 London-listed support services firm Carillion has been chosen as the preferred bidder for a £200m support services contract by Nottingham University Hospitals (NUH) NHS Trust. The trust is one of the largest in the country and includes Queen's Medical Centre and Nottingham City Hospital. Carillion chief executive, Richard Howson, commented: We look forward to working [...]
Greenbelt remains protected as property prices soar March 28, 2014 London house prices are continuing to soar ahead of the rest of the country, according to the Land Registry house price index. The average property price in London has risen by 13.8 per cent to £414,000 over the past 12 months. The average house price in England and Wales climbed by 5.2 per cent to [...]
Diageo announces shakeup of executive committee March 28, 2014 Diageo, the world's biggest spirits maker, has announced a shakeup of the company's executive committee. President of Diageo Asia Pacific Gillbert Ghostine will focus on the development of Diageo's key growth markets in India and China. Ghostine will also take up the newly created role of chief corporate officer and will be responsible for business [...]
Any Other Business – 28/03 March 28, 2014 The Capitalist stands corrected. Yesterday we said the City was close to its first official rock band but it seems rock has in fact been around in the City for sometime. “Whilst we would never call into question the accuracy of your report, we feel we must put the record (!) straight on one point,” [...]
