EADS prepares for new chairman February 5, 2013 Airbus parent EADS paved the way to getting its first independent chairman yesterday, as it put finishing touches to proposals for a new board to be led by the former head of French defence group Thales, people familiar with the matter said. Denis Ranque, 61, was contacted about the plan while still sailing in the [...]
EnQuest invests £169m in Thistle February 5, 2013 Oil explorer EnQuest will plough £169m into the Thistle field in the North Sea, creating almost 1,000 new jobs in Aberdeen, Newcastle, Manchester and Swansea over the next three years and increasing production threefold, thanks to a brownfield tax allowance. It will also safeguard around 500 existing North Sea jobs. The allowance, which is one [...]
Whose bonus is bigger? iTunes has the answer February 5, 2013 WE all know that comparing bonus size is a taboo akin to divulging religious and political beliefs – that is to say, not very British. Thank goodness then, that the Americans have come to the rescue, with the Banker’s Bonus app on iTunes. The app allows users to enter their bank, bonus, position and department [...]
Goldsmiths’ Hall is minted for the annual Trial of the Pyx February 5, 2013 THE TRIAL of the Pyx is (yet another) ancient ceremony that takes place in the Square Mile. Yesterday 17 jurors and 19 Royal Mint staff congregated at the Hall of the Worshipful Company of Goldsmiths in order to check that the coins produced at the Royal Mint were the right weight, size and metallic composition. [...]
TfL considers proposed route for Crossrail 2 February 5, 2013 TRANSPORT for London (TfL) yesterday backed calls for a new £12bn underground railway link to be built through the capital by the early 2030s, following the publication of a proposed route for the Crossrail 2 project. Business group London First unveiled its preferred route for the railway, which will run from south west London to [...]
City Views | Does London need more rail links? February 5, 2013 ALYA RANDELL NABARRO I’m always supportive about growth and infrastructure – anything that makes journeys shorter and brings together different parts of the city is positive. GEORGE CHENG M&G INVESTMENT It’s not necessary to build a network specifically travelling from south-west to north-east because there are already a lot of rails and Underground routes within [...]
Eurozone slips further despite German boom February 5, 2013 EUROZONE output declined again in January, according to business survey data released yesterday. The bloc’s purchasing managers’ index (PMI) rose to 48.6, Markit said, from 47.8 in December – another month of retrenchment, as indicated by the below-50 score. This improvement in the index level came mostly from a resurgent Germany, which posted a 19-month [...]
Oreo scores a touchdown with innovative tweeting February 5, 2013 LAST Sunday was America’s biggest sporting event and arguably the biggest advertising moment of the year: the Super Bowl. The half-time commercials are anxiously awaited, and while the winner of the sporting event is always clear, the victor of the advertising battle is debated for days and weeks afterwards. Brands compete for whose über expensive [...]
BRICS roar their way out of global slowdown February 5, 2013 BUSINESS activity increased sharply in Brazil, Russia, India and China in January, banishing fears the world was set for an economic slowdown. Chinese output increased at its fastest rate for two years, according to Markit’s purchasing managers’ index (PMI) business survey, which rose from 51.8 in December to 53.5 in January – where 50 indicates [...]
Shop price inflation droops to 38-month low in January 2013 February 5, 2013 PRICE rises in shops were recorded at their slowest rate in over three years in January, according to data out this morning. Shop inflation ran at just 0.6 per cent over the year to last month, according to figures from the British Retail Consortium (BRC), the lowest rate since November 2009. This impressively low number [...]
