Vivendi in bid for UK agency See Tickets September 4, 2011 FRENCH media conglomerate Vivendi is purchasing See Tickets for around £80m, City A.M. understands. The move follows similar action taken last year, when Vivendi acquired a 65 per cent stake in French online ticket vendors Digitick for €29m (£25.4m). Vivendi has enjoyed success with Digitick and expects online ticket sales in particular to remain lucrative [...]
Survey shows City jobs hit September 4, 2011 EMPLOYERS are demanding fewer workers in financial services, according to figures out today, and average salaries are falling. Prospects for job hunters are severely limited in the sector, with vacancies down by over 10 per cent on August 2010 and down by around 30 per cent on February of this year, says Reed’s job index. [...]
London firms want better transport September 4, 2011 LONDON’S next mayor should boost transport, fight unions and spend our taxes here, say businesses. Eight months ahead of the mayoral election, a survey of London companies, released today, has found enormous dissatisfaction with current tax, transport and industrial policies. Sixty per cent support a “strong line on public sector strikes”, 57 per cent think [...]
Londoners not yet prepared for Games September 4, 2011 JUST 40 per cent of Londoners believe the Paralympics, which is taking place in the capital this time next year, will impact on their travel. Yet Monday 3 September 2012, will be a critical time for transport in the capital as employees and schools return after the summer break. With two million tickets available for [...]
Ronson targets Millbank flats September 4, 2011 BUSINESS magnate Gerald Ronson is to purchase yet more of the capital’s prime property, it has emerged. Riverwalk House, a series of luxury riverside apartments on Millbank, is set to be bought for around £70m. Ronson Capital Partners are in talks with vendors Derwent London. The deal will see Derwent share a portion of Ronson’s [...]
Carlyle sweeps up carpet firm September 4, 2011 AMERICAN private equity firm Carlyle has bailed out Brintons the carpet makers. Investing £18m, the Carlyle Strategic Partners is also assuming £18m in liabilities after Friday witnessed Brintons’ fall into a pre-pack administration. Part of the deal is the scrapping of Brintons’ old pension scheme, which is to transfer to the state-supported Pension Protection Fund. [...]
Torrid August to bring gains for exchanges September 4, 2011 THE turmoil to hit Europe’s equity markets in August brought unexpected gains for equity trading platforms as trading volume and turnover soared, data has showed. Chi-X Europe, Europe’s biggest alternative trading platform, said August had been “an all-time record month” as it traded €222.7bn (£196.6bn) of equities, almost a fifth more than its previous record [...]
Investors move back into funds at August’s end September 4, 2011 INVESTORS ploughed $6bn (£3.7bn) into global equity funds in the last week of August after pulling money out for two weeks previously. But private and institutional investors alike focused heavily on safe haven and defensive investments with a short term horizon, new figures from fund flows tracker EPFR showed. “Risk appetite and retail investors remained [...]
Prepare yourself for the Paralympic Games too September 4, 2011 Q&A: London 2012 TIME TO GET READY Q. MY BUSINESS IS CURRENTLY PREPARING FOR THE OLYMPIC GAMES. I KNOW THE PARALYMPIC GAMES ARE BEING HELD A COUPLE OF WEEKS AFTER THE OLYMPIC GAMES. WHAT IMPACT WILL THEY HAVE ON MY BUSINESS? A. The Paralympic Games start approximately two weeks after the Olympic Games and run [...]
CITY MOVES | WHO’S SWITCHING JOBS September 4, 2011 Troika Dialog The Russian investment bank has appointed Chris Weafer as chief strategist to develop Troika’s strategy for clients’ investments in Russia and the CIS. Weafer was formerly chief strategist for UralSib Bank in Moscow and chief strategist at Alfa Bank in Moscow. Weafer has additionally been appointed as a non-executive director of Niche, the [...]
