Londoners save more while business activity expands February 12, 2012 LONDONERS are saving more cash than people in any other part of the UK, a survey reveals this morning, while a separate study shows faster private sector growth in the capital than in most other regions. Business activity in London jumped to a six-month high at the start of the year, recording 57.5 in Lloyds’ [...]
Olympic Media Buzz LONDON 2012 PARTNERS February 12, 2012 IN ASSOCIATION with Repskan.com, the media monitoring and analytics platform, City A.M. is measuring the relative Olympic media buzz around the partners for the London 2012 Olympic and Paralympic Games, week by week. The leaderboard, right, reflects their ranking over the past week, in this case from Wednesday 1 February to Wednesday 8 February. This [...]
Bankers held in tax probe into film cash February 12, 2012 A SERIES of City bankers have been arrested in a probe into tax evasion related to film financing. Four current and one former member of staff at the investment banking arm of Royal Bank of Scotland, as well as three London workers from US bank Jefferies and one from commodities broker Marex Spectron are believed [...]
Peacocks braced for job cuts February 12, 2012 PEACOCKS administrator KPMG was locked in rescue talks with the remaining bidders this weekend to decide the fate of the collapsed discount fashion retailer. The firm is expected to make a final decision on the sale of the 600-store chain as early as this Wednesday. But even if a sale is agreed, hundreds of underperforming [...]
TUI moving closer to sale of stake in Hapag-Lloyd February 12, 2012 GERMAN travel group TUI looks set to agree the sale of its stake in container shipping firm Hapag-Lloyd to majority shareholder the Albert Ballin consortium this week. A spokesman for the finance authority for the city state of Hamburg, part of the Albert Ballin consortium, said it was quite possible that a deal would be [...]
Pub and restaurant visits increase but Britons continue to rein in spending February 12, 2012 BRITONS are starting to make more frequent trips to bars, restaurants and clubs after two years of belt-tightening, in a sign that the leisure sector may be able to capitalise on “austerity fatigue”. Pub and bar visits have increased by 2.2 per cent compared to last year, with the average UK consumer going to the [...]
Pioneering BofA boss dies February 12, 2012 Tom Storrs, who set a small North Carolina bank on the path to becoming one of the largest US financial institutions, died on Friday at age 93. Storrs was chairman and chief executive officer of North Carolina National Bank from 1974 to 1983, leading the company through volatile economic times and the first wave of [...]
Apple seeks Samsung injunction February 12, 2012 Apple has asked a California court to issue a preliminary injunction to block sales of Samsung’s new Galaxy Nexus smartphone, alleging the device infringes four Apple patents. The move marks another escalation of the legal battle between the world’s top two sellers of smartphones, with Apple re-focusing its arguments to account for Samsung’s rising position [...]
Cracks could cost Airbus €100m February 12, 2012 Dealing with the wing cracks found in Airbus A380 superjumbos could cost the European plane maker up to €100m (£83.6m), a German magazine reported. Checking and repairing the wings of the 69 aircraft already in service could cost about €70m, weekly Der Spiegel said yesterday, citing unidentified industry experts and people at Airbus.
MERYL STREEP AND THE ARTIST TRIUMPH AT BAFTA AWARDS February 12, 2012 SILENT film The Artist was the big winner at last night’s 56th annual Bafta awards, taking home seven of the 12 gongs it was nominated for, including best film. Its leading man Jean Dujardin (above left with the film’s producer Thomas Langmann, centre) was named best actor at the ceremony, which was held at London’s [...]
