Rank to be UK’s top casino firm after Gala deal May 13, 2012 RANK Group has agreed to buy a string of casinos from rival firm Gala Coral just six weeks after walking away from initial negotiations. The £205m cash deal will mean Rank becomes Great Britain’s largest casino operator, with its 35-strong Grosvenor brand enhanced by an additional 23 venues from Gala. The discussions were publicised in [...]
BBA’s Angela Knight to become chief of trade body Energy UK May 13, 2012 ANGELA Knight, current boss of the British Bankers’ Association, has been appointed the next chief executive of trade body Energy UK. The move sees Knight, who takes the helm at the end of July, revert to her background in the energy sector. She is perhaps better known for her financial work, including her current position [...]
Roaring success for animal art May 13, 2012 WHOEVER said not to mix business with pleasure needs to take a leaf out of Jamie Polk’s book. Polk left the City behind him when Jupiter Asset Management, his former employer, was taken over by Commerzbank. But that was by no means the end of Polk’s business career. Paralysed from the chest down following an [...]
LANDMARK CITY SITE CATCHES CARNIVAL FEVER May 13, 2012 The grounds of the City’s Honourable Artillery company – the army’s oldest regiment – will play host to more than 1,000 masked revellers on 9 June for the Midsummer Masquerade charity ball in aid of two charities, the Christchurch Earthquake Recovery Fund and Changing Faces. For tickets, visit www.midsummermasquerade.com
Cookson and 888 braced for investor revolt May 13, 2012 A FRESH WAVE of upheaval against excessive executive pay is set to sweep boardrooms this week as industrial group Cookson and online gambling giant 888 Holdings brace themselves for substantial shareholder revolts. Both firms are likely to be hit with a significant vote against their remuneration reports at their annual general meetings this week, despite [...]
OLYMPIC MEDIA BUZZ LONDON 2012 PARTNERS May 13, 2012 IN ASSOCIATION with Repskan.com, City A.M. is measuring the relative Olympic media buzz around the London 2012 Olympic and Paralympic Games partners, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 25 April to Wednesday 10 May. Samsung is top of our rankings again, with the [...]
London thrives as conference sector takes off May 13, 2012 BORIS Johnson has boosted London’s conference industry, forcing the capital up the international rankings and putting the city on a path to becoming the world’s top location for professional gatherings, an industry body declared today. London hosted 115 conferences last year, according to the International Congress and Convention Association (ICCA), putting it at number seven [...]
Private sector keeps growing across England May 13, 2012 ECONOMIC growth slowed across the UK in April, according to survey data out today, though London continued to expand strongly. The capital’s solid growth pushed up employment, Lloyds and Markit’s purchasing managers’ index (PMI) revealed, though the rate of jobs growth stayed low in the rest of the country. London firms registered a PMI of [...]
Persistent price rises dragging down UK consumer spending May 13, 2012 INFLATION has stopped falling, remaining at an uncomfortably high level in April, a business index published today showed. Consumers are still being hit hard by soaring prices and stagnant wages, which undermines spending and so hits economic growth, according to the output and optimism indices published by BDO. The group’s inflation index dropped just 0.1 [...]
TUC: Only workers’ reps can rein in excessive bosses pay May 13, 2012 MOVES to give shareholders binding votes over executive pay do not go far enough, the Trades Union Congress (TUC) claimed today. The labour body believes that workers should sit on remuneration committees in order to “introduce a touch of the real world to the process of setting top pay.” Growing shareholder anger at poor business [...]
