London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Panasonic has no Olympus plans June 7, 2012 Japanese electronics maker Panasonic has no plan to invest in Olympus, president Fumio Ohtsubo said yesterday, contradicting a report that it would invest in the medical equipment maker, which is struggling to recover from an accounting scandal. Kyodo news agency reported on Wednesday that Panasonic was making final arrangements to provide up to ¥50bn (£403m) [...]
Johnson Matthey proposes a special dividend as profit lifts June 7, 2012 JOHNSON Matthey, the world’s largest supplier of catalytic converters, yesterday posted larger than expected profits and proposed its first ever special dividend. The company was buoyed by sales of trucks in North America and more diesel cars in Europe. Johnson Matthey, which makes catalysts to convert toxic engines emissions, sells pharmaceutical ingredients and refines platinum, [...]
Tullow buoyed by Ivory Coast oil discovery June 7, 2012 TULLOW Oil said yesterday that it had found oil in the Ivory Coast, giving it confidence that it will make additional discoveries in waters to the west of its key Jubilee field in Ghana. The British explorer said that the Paon-1X exploration well in the CI-103 licence had found good quality light oil. The successful [...]
Chesapeake chief in spotlight over use of company resources June 7, 2012 AUBREY K McClendon, the chief executive officer of Chesapeake Energy Corp, has intertwined his personal and financial interests with those of the publicly traded company he runs to a far greater degree than shareholders may realise, according to interviews, public records and hundreds of internal Chesapeake documents reviewed by Reuters. The executive has deployed a [...]
Cluff Gold on course to hit output target June 7, 2012 MINING group Cluff Gold said yesterday it was on course to hit its production targets. Underlying earnings jumped by 15 per cent in the quarter to 31 March to $5.3m (£3.4m). Cluff’s main projects are in the Ivory Coast, Burkina Faso and Sierra Leone. The Aim-listed company said its 2012 production guidance remains unchanged at [...]
ANALYST VIEWS | WHAT DO YOU MAKE OF JOHNSON MATTHEY’S RESULTS AND DIVIDEND? June 7, 2012 ADAM COLLINS LIBERUM CAPITAL The performance is strong and has allowed the special dividend. The company has invested over the years and now it is harvesting the rewards. Regulations on emissions have helped the business to grow. It was thought to be quite conservative but now has a relatively new chief financial officer and seems [...]
UK is becoming more equal – as incomes fall June 7, 2012 MALE and female pensioners are becoming more equal, while poverty rates as a whole are declining, industry and official data showed today – but only because incomes are falling, cutting inequalities. Men retiring this year only expect an income of £18,000 – down to a five-year low from £19,400 last year and £20,313 in 2009. [...]
Top MP wants state to rethink rushed regulatory reform bill June 7, 2012 THE GOVERNMENT risks missing a key chance to make the Bank of England fit for purpose unless it makes drastic changes to the financial services bill going through parliament, an influential backbench MP warned today. The governing Court of the Bank of England must be brought up to date with best practice in corporate leadership, [...]
City confidence in GDP is down June 7, 2012 INVESTOR confidence in the state of the economy fell sharply into the second quarter, a major survey of fund managers shows today, as the hopes of recovery that emerged at the start of the year were stamped out by the resurgent Eurozone crisis. The study from Capital Spreads also shows that only a minority believe [...]
Cameron told he needs vision June 7, 2012 THE GOVERNMENT’S deficit reduction programme will not work unless politicians create a popular ideological vision to gain public support, researchers at a top City brokerage warned today. Tim Morgan from Tullett Prebon believes that urgent steps must be taken to fill the centre-right ideological gap if the government wants to achieve long-lasting reforms like those [...]
