William Hill ties in chief with £1.2m shares June 13, 2011 BETTING chain William Hill has paid its chief executive Ralph Topping shares worth £1.2m to keep him in post until the end of 2013, it said yesterday. Topping will receive a £600,000 salary in 2011 with raises in 2012 and 2013 to stay at William Hill, but has reduced his bonus and long-term incentive plan. [...]
BBC markets its Television Centre HQ June 13, 2011 THE BBC yesterday put its historic Television Centre on the market. The iconic grade II listed building, located near the Westfield shopping mall, is expected to fetch up to £300m. The broadcaster, led by director general Mark Thompson (pictured) said yesterday it will consider joint venture proposals, which could leave it with some presence at [...]
Samsung poised to seize Nokia crown June 13, 2011 SAMSUNG could overtake Nokia as the world’s largest smartphone manufacturer this quarter, according to a research note from Nomura. And Nokia, which had been the market leader since 1996, could slump to third place the following quarter after it is overtaken by Apple. Nokia’s market cap has tumbled from a high of $285bn (£174bn) in [...]
Online advertising set for double digit growth June 13, 2011 INTERNET advertising in the UK is set for double digit annual growth over the next four years, according to new research by PwC. The auditor says the boom in online advertising will provide an increasingly important source of income for traditional media owners as they expand onto new platforms. Overall, the advertising market grew nine per [...]
Miliband hits out at City over high pay June 13, 2011 ED Miliband launched a scathing attack on the City yesterday, after he declared bankers and corporate executives had paid themselves high wages to the detriment of their organisations. The Labour leader used a speech in London to call for greater responsibility from big businesses and bankers, as well as wider society. His attack comes despite [...]
Fewer City workers moved jobs in May thanks to changes in bonuses June 13, 2011 CHANGES to the City’s bonus culture have caused more employees to stay in their jobs, a leading recruitment firm said today. While the end of bonus season would often see City workers moving on to new roles, the second quarter of this year looks set to buck the trend, according to the Morgan McKinley London [...]
House prices rise in London yet market weak in rest of UK June 13, 2011 SLUGGISH activity in the UK’s housing market has dashed hopes for a springtime boom, a leading survey exposed today. Yet property sales in London continue to defy the weak market elsewhere in the country, the Royal Institution of Chartered Surveyors (RICS) revealed. London has been the only region to report rising prices in each of [...]
BANK’S WEALE: RATES MUST INCREASE SOON June 13, 2011 INTEREST rates should rise sooner than the market currently expects, senior Bank of England rate-setter Martin Weale said last night. “If inflationary pressures subsequently prove more severe than the central part of our forecast suggests, then it will be a help to have started to raise interest rates earlier,” Weale said.
Low machinery orders hit Japan June 13, 2011 The Nikkei lost ground yesterday, hurt partly by a surprise fall in Japanese machinery orders. Core machinery orders unexpectedly dropped 3.3 per cent in April, in a sign that disruptions to energy supplies are impeding capital expenditure.
Money growth slows in China June 13, 2011 China’s money growth slowed to a 30 month low in May and banks have extended fewer new loans than expected as tighter monetary policy weighed on bank lending. New loans so far in 2011 are running 12.5 per cent lower than the same year-earlier period.
