Shaw Group gets $3bn offer July 30, 2012 Chicago Bridge & Iron said yesterday it plans to buy Shaw Group for about $3bn in cash and stock to create a big engineering and construction company focused on the energy industry, but Shaw shares traded below the offer price, suggesting some investors worry the deal may not close. Netherlands-based CB&I offered $46 per share, [...]
Luther Pendragon buys Lucid July 30, 2012 Independent communications consultancy Luther Pendragon announced today is has bought Lucid Communication, a PR firm specialising in the financial and professional services sector. Lucid co-founders Caroline Wagstaff and Ruth Starling will be directors in the new company.
Chrysler continues turnaround July 30, 2012 Chrysler yesterday continued its recovery from near death just three years ago, earning $436m (£277.7m) in the second quarter and confirming that it will show a full-year operating profit of at least $3m. Revenue rose 23 per cent to $16.795bn.
John Lewis appoints Pramerica July 30, 2012 Pramerica Real Estate Investors, the European arm of Prudential Financial, said yesterday it has been hired by John Lewis Partnership Pensions Trust to boost its portfolio of UK property investments to £270m.
Cameron slams Tory tweeter as he takes the Tube to Stratford July 30, 2012 PRIME Minister David Cameron made room for some fun yesterday with a trip to the Olympic Park, but the jaunt did not lift his mood enough to spare the tweeting Tory backbencher Aidan Burley. Cameron said Burley, who disastrously misjudged the nation’s mood by branding Friday’s Olympic opening ceremony “multicultural crap” on the micro-blogging site, [...]
CITY VIEWS | WHAT DO YOU THINK OF THE OLYMPICS SO FAR? July 30, 2012 JOHN JONES CLARKSONS The energy and organisation exceeded expectations and it was a shame that I missed out on tickets, especially considering the rows of empty seats during the weekend coverage. TIM DAVIS CALYPSO I thought it was a decent and positive opening weekend having seen the men’s cycling road race. It seems like business [...]
Betting on girl power July 30, 2012 WHILE Tom Daley and Pete Waterfield’s agonising failure to win a medal in yesterday’s diving left most Brits deflated, it wasn’t such bad news for everyone. Charity the Women’s Sports and Fitness Foundation have such confidence in Great Britain’s female athletes that it is predicting the Team GB women will outperform their male counterparts at [...]
LONDON 2012 IMAGE OF THE DAY July 30, 2012 Throughout the Olympics, City A.M. will be publishing its Olympic Image of the Day. If you have a shot you think our readers will like, please email pictures@cityam.com TOURISTS visiting London are in for a surprise when they clock Nelson’s Column in Trafalgar Square. The great Admiral has been fitted with a new hat as [...]
Ofgem rules no bar to National Grid spending July 30, 2012 NATIONAL GRID yesterday said it is going ahead with plans to invest up to £3.8bn in the UK’s energy infrastructure over the next year, despite plans from energy regulator Ofgem to limit the company’s spending in future. The company, which has been in a spat with Ofgem in recent weeks over proposals to curb bill [...]
Government has no strategy on broadband rollout, Lords claim July 30, 2012 THE GOVERNMENT lacks a clear vision on bringing high speed internet connections to the country, a damning Lords committee says today, despite the coalition having promised to make the UK’s broadband infrastructure a national priority. According to the House of Lords communications committee, the government’s broadband plans could end up being “a tremendous missed opportunity” [...]
