Ladbrokes set to delay online facelift further July 30, 2012 BETTING firm Ladbrokes will report a significant drop in online revenues this week as it further delays a revamp to its website following ongoing technical problems. Digital profits for the first half of 2012 are expected to be £16m – half that of last year’s and the lowest since 2004 – following repeated delays to [...]
Suspicious trade reports double July 30, 2012 THE FINANCIAL Services Authority has seen a jump in the number of City firms coming forward to report suspicious activities to the regulator. The FSA has received around 100 suspicious transaction reports per month recently, around double the number it was processing a year ago. The watchdog has encouraged financial services workers such as brokers [...]
Indian parade gatecrashed by woman in red July 30, 2012 IT seems tweeting Tory MP Aidan Burley wasn’t the only one for whom Danny Boyle’s mesmerising opening ceremony was all a bit too much. Lord Coe yesterday identified the so-called “woman in red” who gatecrashed the Indian team’s parade during Friday night’s spectacular as a member of the show’s cast who had become “over-excited”. Indian [...]
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 CZECH artist David Cerny has adapted a 1957 London bus and added huge mechanical arms that enable it to do press-ups. The London Booster is currently [...]
Hairspray flying off the shelves July 30, 2012 HAIRDRESSING chain Toni & Guy may have missed a trick in failing to secure a branch in the Olympic Park, if trends in the media zone are anything to go by. Hairspray has been flying off the shelves of the dedicated chemist in the main press centre, as the airport-style security checks mean cans of [...]
TFL CHEERS ROUTEMASTER LIZZIE July 30, 2012 London bus stops honoured GB’s first medallist, cyclist Lizzie Armitstead
CITY MOVES WHO’S SWITCHING JOBS July 29, 2012 Lloyds Bank Matthew Packham has been appointed head of the trade, industrials and services sectors at Lloyds Wholesale Banking and Markets. He was previously regional director of the bank’s business support unit, and has also served as head of credit for Lloyds’ US structured finance and financial institutions business. Norton Rose Neil O’May has been [...]
BEST of the BROKERS July 29, 2012 WILLIAM HILL Numis rates the bookmaker as “reduce” with a 250p price target following its first-half results last week, saying it is hard to be positive on the firm without clarity on the ongoing talks with Playtech over William Hill Online. The broker has increased its full-year earnings before interest, tax and amortisation to £310m [...]
LONDON WEEK AHEAD July 29, 2012 RESULTS season continues with a slew of banks, energy and leisure firms due to update this week, while the Bank of England’s monthly decision on interest rates is due on Thursday. Today’s biggest news comes in the form of interims from under-fire banking giant HSBC and household goods behemoth Reckitt Benckiser. The Bank is set [...]
WALL ST THE WEEK AHEAD July 29, 2012 STOCKS took off at the end of the week, drawn by the allure of a helping hand from the world’s two most powerful central banks. Traders are unlikely to resist those charms again this week. The US Federal Reserve and the European Central Bank both meet this week amid investor expectations of action to stimulate [...]
