‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Galliford Try seals £60m contracts February 12, 2013 Housebuilder Galliford Try was yesterday named as the preferred bidder for contracts worth up to £60m to build affordable housing across London and the Midlands. Galliford Try was selected as preferred bidder for the £15.6m contract for Hampstead Reach in north London, a £15.5m deal to build 137 homes and commercial units at Blackwall Lane, [...]
Mondi sees trading improve February 12, 2013 Paper manufacturer Mondi said yesterday its fourth quarter trading was ahead of both the previous quarter and the same period last year, but that the recent strong performance could not offset weaker trading earlier in the year. It also warned that its underlying operating profit for the full 2012 year was expected to be below [...]
Year-end boost at Just Retirement February 12, 2013 Annuity provider Just Retirement yesterday announced a 64.3 per cent spike in revenue for the final quarter of last year. The company recorded £412.5m in annuity sales for the period, while equity release sales also grew – although more modestly – up 8.3 per cent to £78.6m in the fourth quarter of 2012. Yet CEO Rodney [...]
Fight club finds a new home at City tailor shop February 12, 2013 TWO ex-bankers turned bespoke City tailors have found themselves playing host to a group of their former contemporaries – not for suit fittings – but a series of rather unorthodox Skype conferences. Ian Meiers and James Sleater, co-founders of City tailor Cad & the Dandy, are sponsoring the self-defence seminars given by macho-man Tim Larkin. [...]
Aberdeen boss gets helicopter ambulance off to a flying start February 12, 2013 THE CAPITALIST recently reported that ex-Deutsche chief Graham Hodgkin had taken on the job of London’s Air Ambulance CEO – and he is wasting no time putting his stamp on the charity. The rescue chopper has had a makeover and returned from its annual service with emergency codes emblazoned on the tail. Hodgkin explained: “Our [...]
Funding for Bakrie buyout comes as a ray of hope for embattled Bumi boss February 12, 2013 BUMI’S under-fire chief executive Nick von Schirnding was last night celebrating the most significant piece of good news since taking over the troubled mining outfit at the end of last year, adding to mounting confidence ahead of the crunch vote next Thursday. Coal miner Bumi confirmed yesterday that the Bakrie family has committed $50m (£32m) [...]
US corporate results round up February 12, 2013 Coca-Cola revenue misses Street view as Europe drags Coca-Cola yesterday reported fourth-quarter revenue slightly below analysts’ estimates, hurt by a weaker-than-expected performance in Europe. The world’s largest soft drink maker, said revenue rose four per cent to $11.46bn (£7.32bn). Worldwide sales volume climbed three per cent, but volume in Europe fell five per cent. JP [...]
City Moves for 13 February 2013 | Who’s switching jobs February 12, 2013 RBS The bank has announced the appointment of Jonathan Barrow as regional director for the east of England in its corporate and institutional banking coverage team. Barrow joined RBS 17 years ago, and has worked in various regional corporate locations in the UK, as well as at RBS’s New York office. Smith and Williamson The [...]
Best of the Brokers February 12, 2013 HEINEKEN UBS has cut its rating on the drinks firm from “neutral” to “sell” and hiked its target price from €43.50 to €50. The broker expects Heineken’s results for 2012 to be in line with forecasts, but that the firm will be more cautious about the coming year as the European consumer outlook deteriorates. UBS [...]
Barclays leads FTSE to top day of month so far February 12, 2013 ASURGE in Barclays’ shares led the FTSE 100 past the psychologically important 6,300 level yesterday, as the blue chip bank’s planned overhaul raised hopes for the troubled sector’s revival. Barclays gained 8.4 per cent, leading FTSE 100 gainers and adding over 12 points to the index alone, after unveiling plans to slash annual costs by [...]
