Monthly upturn for UK industry July 10, 2012 UK INDUSTRIAL production upticked in May yet remains on a downwards slope, according to data released yesterday by the Office for National Statistics (ONS) yesterday. Production was 1.6 per cent lower in May than in the same month one year earlier, and 2.1 per cent lower in the three months to May than in the [...]
Angel Clarke bows out of BBAA July 10, 2012 IT was an emotional night for the angel who lost his wings after eight years of service at the helm of the British Business Angels Association. Anthony Clarke, who earlier this month ended his eight-year chairmanship of the business, was one of almost 200 people gathered at The UK Business Angels Association Gala Awards Dinner [...]
Get set for the 5k StanChart City challenge July 10, 2012 WORKERS across the City are just hours away from competing against each other in the Standard Chartered Great City Race. The 2012 race on Thursday has attracted the greatest ever amount of runners with the maximum 6,500 places from over 350 companies selling out in record time. The 5K race starts at 19.15 at The [...]
Norway settles oil dispute as politicians act July 10, 2012 NORWAY’S government ordered a last-minute settlement in a dispute between striking oil workers and employers yesterday, as a total shutdown of the industry loomed. The strike over pensions had brought the industry to the brink as employers prepared to cease their operations. Oil markets had been hit with the price of crude rising over supply [...]
London Capital shares plummet as investors bet on profit slump July 10, 2012 LONDON Capital Group (LCG)’s shares slumped to their lowest point this year yesterday as the online spread-betting firm announced it expects a drop in profits. Predictions for the six months to July saw pre-tax profits fall to £2m, compared with £3m for the same period last year, with LCG blaming the disappointing figures on “low [...]
Bwin.party hit by predictable Euro 2012 results as tax rises July 10, 2012 BWIN.PARTY Digital Entertainment, the world’s largest listed online gaming group, said yesterday that a run of predictable results in the Euro 2012 football championship marred a solid performance in its casino and bingo operations in the second quarter. The company said that its trading performance since the beginning of April was broadly in line with [...]
Hawker confirms $1.8bn sale talks with Chinese aero firm July 10, 2012 BANKRUPT aircraft maker Hawker Beechcraft confirmed yesterday it was in exclusive talks with a Chinese aerospace firm over a sale of the company for $1.79bn (£1.15bn), an offer that may flush out higher bids from other parties. Chinese companies have announced a flurry of international takeovers this year, part of a decade-old “going out” policy [...]
Permira pulls plans for dividend recapitalisation for Iglo group July 10, 2012 PERMIRA has pulled the plug on its plans to refinance the debt of its Birds Eye food group Iglo which would have seen the buyout house take a hefty dividend, the private equity firm said yesterday. Permira had lined up a dividend recapitalisation with Credit Suisse and Deutsche Bank just days after rejecting a €2.5bn [...]
Airbus bags a $4.2bn deal from Cathay Pacific airline July 10, 2012 AIRBUS has bagged itself a $4.2bn (£2.7bn) deal with Hong Kong-based airline Cathay Pacific, the jet maker announced yesterday at the Farnborough airshow. Cathay plans to buy 10 of Airbus’ new A350-1000 aircraft, worth a total $3.2bn at list prices, and spend an additional $1bn upgrading its existing order for 16 A350-900 planes to the [...]
Interserve wins £1bn in contracts July 10, 2012 Interserve yesterday said it had won contracts worth more than £1bn in the first half of 2012, reinforcing the strong future workload at the support services and construction group. The firm said it still expects trading to be “stable” in 2012, in line with market forecasts, after revenues and margins increasing as expected in the [...]
