Olympic Media Buzz LONDON 2012 PARTNERS October 23, 2011 IN ASSOCIATION with Repskan, 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 12 October to Wednesday 19 October. While [...]
Sub-prime motor group snaps up ex-FSA deputy October 23, 2011 SIR James Crosby has been named as chairman of sub-prime car finance business MoneyBarn, in his first financial appointment since resigning as deputy chairman of the Financial Services Authority (FSA). MoneyBarn, whose backers include Octopus Investments and merchant bank Quayle Munro, rebranded from Duncton in August. The online company provides finance for consumers and businesses [...]
Construction firms close in bleak climate October 23, 2011 A TOTAL of 3,515 construction firms have gone bust in the past year as the downturn takes its toll, according to new research. The sector has been hit by the government spending squeeze, which has led to the shelving of several public works projects. The Highways Agency – the largest customer to the construction sector [...]
Ryanair lays out ambitious growth plans October 23, 2011 RYANAIR is preparing for take off with ambitious growth plans, including almost doubling its passenger numbers over the next decade. Colourful chief executive Michael O’Leary says he is ready to buy up to 300 new aircraft in a bid to fly as many as 130m passengers a year, up from the current 70m, according to [...]
Regulator may need to be beefed up, warns BBA October 23, 2011 INDUSTRY group the British Bankers’ Association has warned that the new system of financial regulation may need to be bolstered once the Financial Services Authority is scrapped. The BBA said money transmission and credit must continue “without a hiccough” in the event that banks’ so-called living wills – a blueprint of how they could be [...]
Co-op Bank in clean energy funding plea October 23, 2011 THE Co-operative Bank has urged the coalition to speed up its review of green energy incentives as new figures show it has lent more than £500m to fund renewable power projects since 2007. The bank has warned that progress to catch up with the low carbon sector in continental Europe could be lost if action [...]
UK’s mid-size firms can add £50bn to GDP October 23, 2011 THE UK is missing out on billions of pounds each year by ignoring the huge productivity growth potential of mid-sized companies, a leading business lobby group will say today. UK efforts to foster bigger small and medium-sized enterprises (SMEs) – those with turnovers of £10m to £100m – have lagged behind countries such as the [...]
Well-run companies profit even in hard times October 23, 2011 YOU could be forgiven for not noticing, but it is earnings season again. Once you finish trawling through the endless speculation about the next phase of Eurozone debt crisis in the papers and on TV, you’ll eventually find some good old-fashioned company news reporting. Let me summarise. Well-run companies with good products are holding up [...]
First step onto property ladder eludes UK renters October 23, 2011 AS THE COST of rental accommodation creeps upwards, a survey released this morning reveals that over half the UK’s renters would like to buy their own home but can not afford to make the jump. “Trapped renters” amount to 55 per cent of the rental market, the Rightmove study shows. Over a quarter (27 per [...]
Economic turmoil hits steel makers October 23, 2011 BRITISH steel producers are cutting back production due to falling business morale across Europe, it was revealed this morning. Companies are running down stock levels over fears of tumbling demand in key markets. Steel production sank 7.3 per cent in the three months to September, compared to in the second quarter, a report from UK [...]
