Olympic Media Buzz LONDON 2012 PARTNERS December 18, 2011 IN ASSOCIATION with Repskan.com, the media monitoring and analytics platform, City A.M. is measuring the relative Olympic media buzz around the partners for the London 2012 Olympic and Paralympic Games, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 7 December to Wednesday 14 December. BMW [...]
PROTESTERS BEATEN DURING EGYPT UNREST December 18, 2011 UN secretary-general Ban Ki-moon condemned excessive use of force by Egypt’s security forces yesterday after three days of battles with protesters demanding an end to military rule imposed since Hosni Mubarak was toppled in February. Troops in riot gear have been filmed beating protesters even after they had fallen to the ground.
3i lining up bid for Edinburgh Airport December 18, 2011 PRIVATE equity house 3i has lined up a bid to buy Edinburgh airport from BAA. London-listed 3i, whose investments have been buffeted by global turmoil, has joined forces with pension fund manager the Universities Superannuation Scheme (USS) and fund manager M&G to make an offer. Any deal would be done through the separately listed 3i [...]
Politicians’ bickering is bad news for businesses December 18, 2011 THE brawl has made for cracking entertainment. It’s been a super-fun read. But it’s time for government officials in the UK and France to shut their traps and get their heads back into the game of saving the Eurozone’s economy. This weekend’s papers radiated with more headlines about the ongoing verbal affray between government heavyweights [...]
Qantas settles pay disputes after a stand-off lasting more than a year December 18, 2011 AUSTRALIA’S Qantas Airways has agreed a pay deal with the engineers’ union, one of the three unions that the airline has had a stand-off for over a year, The Australian newspaper said yesterday. Qantas has reached an agreement with the engineers’ union and would present the deal to the labour umpire, the report said, adding [...]
Sherlock Holmes tops US box office December 18, 2011 Action adventure film Sherlock Holmes: A Game of Shadows led a trio of sequels at the US box office over the weekend with $40m in ticket sales, according to studio estimates compiled yesterday. The sequel to 2009’s Sherlock Holmes starring Robert Downey Jr. beat Alvin and the Chipmunks: Chipwrecked, the third film in the popular [...]
CITY MOVES | WHO’S SWITCHING JOBS December 18, 2011 The Miles Partnership Sue Shipley is to join the search firm as a partner to specialise in retail. Shipley was previously the global practice leader at Odgers Berndtson, where she led successful searches for the chief executives of Primark and Thorntons, the managing director of Wickes, and the director general of the British Retail Consortium. [...]
BEST OF THE BROKERS December 18, 2011 BP Evolution has maintained its “buy” recommendation on BP, after the oil giant settled its dispute with contractor Cameron over the Macondo accident – although its target price of 510p is at “the lower end” of a valuation range that scales to 771p/sh. Evolution also notes that BP is talking to Ophir Energy about farming [...]
No chance of a Christmas rest as markets stay under pressure December 18, 2011 AFTER failing to break above resistance at 5,600 (the 61.8 per cent Fibonacci Retracement of this year’s May-to-August sell-off) last week, the FTSE100 pulled back sharply. Sentiment turned negative following another botched EU summit. While the UK has been labelled the villain for vetoing treaty changes, the fact is that EU policymakers remain unwilling to [...]
WALL STREET WEEK AHEAD December 18, 2011 WITH two weeks left in the trading year, the Eurozone debt crisis will remain the primary impediment to pushing the S&P 500 index into positive territory for 2011. Uncertainty over progress in the region, along with the potential for credit rating downgrades on Eurozone countries, have kept investors on edge and market volatility high. Even [...]
