Toyota teams up with BMW to go green December 1, 2011 AUTOMOBILE giants BMW and Toyota announced a deal yesterday that will see the companies work together on developing environmental technologies, and said they intend to form a broader partnership in the mid to long term. The car-makers have signed a memorandum of understanding, under which BMW will supply diesel engines to Toyota for the European [...]
SOTHEBY’S WATCH SALE TO RAISE £1.4M December 1, 2011 WATCHES by George Daniels, Rolex, Patek Phillipe and Cartier are among 346 to be auctioned at Sotheby’s on 13 December. One Daniels’ piece is expected to raise over £40,000.
Train firms told to be more open December 1, 2011 TRAIN companies will be punished if they fail to keep passengers informed of delays to their trains, under a new code of practice announced yesterday by the regulator. The Office of Rail Regulation said from February 2012 it wants to amend its code of practice, committing companies to provide jargon-free information about any disruptions to [...]
EU looks at slot rules for airlines December 1, 2011 AIRLINES will need to make greater use of their flight slots in the EU from 2014 or risk losing them under legislation proposed by the EU’s executive, a move it said would help avoid a capacity crunch at Europe’s airports. The plan would also introduce slot trading between airlines across the EU. The EC said [...]
Norsk warns over demand in aluminium December 1, 2011 NORSK Hydro warned that it sees growth in global aluminium demand slowing next year as a result of economic turbulence that is creating a weak market and pushing many industry players into the red. Hydro, one of the world’s top aluminium producers, said it saw demand for primary aluminium outside China rising between three and [...]
London 2012 IMAGE OF THE WEEK December 1, 2011 LONDON 2012 | DESIGNS ON THE FUTURE Coca-Cola, the longest continuous sponsor of the Olympic movement, has today announced its plans to create a pavilion for the Olympic Park. The architectural designers of the pavilion have been revealed as the critically acclaimed, emerging London duo Pernilla Ohrstedt and Asif Khan (above). Ohrstedt and Khan are [...]
Consort’s profit rises on strong Bespak growth December 1, 2011 BRITISH inhaled-drug specialist Consort Medical yesterday reported higher first-half pre-tax profits on strong volume growth at its Bespak unit’s core respiratory business. The company, which specialises in making asthma and anaesthesia medical devices, said it expects full-year results slightly ahead of expectations. For the May-October period, Consort reported pre-tax profits before special items of £10.2m, [...]
CITY MOVES | WHO’S SWITCHING JOBS December 1, 2011 UniCredit The Italian commercial bank has hired Laurent Dupeyron, previously chief executive officer of Olympia Capital Management, to be the global head of wholesale and institution equity derivatives distribution. Prior to Olympia, from 1996 to 2008, he worked for Goldman Sachs in various positions in the equity derivatives and equity finance businesses, mostly as an [...]
BEST OF THE BROKERS December 1, 2011 RPC GROUP JP Morgan rates the plastic packaging group as “overweight” and raises its target price to 410p from 394p, after the company reported more than 100 per cent growth in interim adjusted operating profit to £45.4m – seven per cent above the broker’s estimate. JP Morgan increases its operating profit estimates in 2012 and 2013 by [...]
Commodities drag FTSE 100 down as euphoria wears off December 1, 2011 THE UK’s leading share index closed lower yesterday, led by weaker commodity prices, as earlier gains were reversed in tandem with a weaker showing on Wall Street as Wednesday’s boost from central bank intervention moves proved short-lived. At the close, the FTSE 100 index was down 16.08 points or 0.3 per cent at 5,489.34, just [...]
