Miss England glams up Mines and Money day December 4, 2012 A BIG week in the world of mining and monies, with the annual Mines and Money black tie awards dinner being held tonight at the HAC Artillery Garden, rounding off a week of industry conferences. The event is Europe’s largest mining conference, bringing together over 3,000 investors, financiers, brokers and executives for mingling and mineral chat. [...]
A welcome return to City inboxes as Louise Cooper goes it alone December 4, 2012 WELL-KNOWN City commentator Louise Cooper has left BGC Partners and gone solo by starting her own financial consultancy business CooperCity. Cooper tells The Capitalist that despite “being insane given the current environment” she is looking forward to the flexibility of being her own boss and will still be aiming to inject a little humour into [...]
UK construction falls back after weak recovery December 4, 2012 UK construction output sank back into decline in November, with analysts predicting even worse conditions ahead. The construction purchasing managers’ index (PMI) for November was 49.3, data from Markit and the Chartered Institute of Purchasing and Supply (CIPS) showed yesterday, down from 50.9 in October, and falling back below 50, which indicates decline. The figure is even [...]
US and Canada buoy Wolseley quarterly sales December 4, 2012 A GRADUAL recovery in the US housing market and continued growth in Canada has helped plumbing and builders merchant Wolseley offset revenue declines in Europe. The company, which generates more than half its sales in the US, said trading profit rose to £198m in the quarter to 31 October compared with £185m in the period [...]
Baxter buys rival for $4bn December 4, 2012 BAXTER International said yesterday that it would buy privately held Swedish dialysis product company Gambro for about $4bn (£2.5bn) to complement its kidney therapy portfolio. US-listed Baxter will finance the deal with debt and cash. The acquisition marks further consolidation in the kidney dialysis market, where Gambro and Baxter compete against rivals such as DaVita [...]
British Airways boss thinks MPs will fail to sort out air capacity December 4, 2012 THE HEAD of British Airways’ parent company does not think the government’s latest attempt to tackle airport expansion in Britain will come up with a concrete plan. “I think the decision of the government to establish the Davies Commission has been seen by some, maybe seen by many, as a step in the right direction. [...]
City development activity rises December 4, 2012 THE CITY has seen a pick-up in construction activity in the past six months with several schemes achieving early pre-lets, according to the latest Drivers Jonas Deloitte crane survey released yesterday. While office developments in the capital remained flat in the second half, the survey showed “a marked increase” in space under construction in the [...]
US court rules against Disney in Celador case December 4, 2012 WHO Wants to Be a Millionaire? producer Celador International yesterday cleared another legal hurdle in its bid to get US media giant Walt Disney to pay damages in a long running legal dispute over broadcast fees. A US circuit court yesterday threw out an appeal by Walt Disney against a 2010 jury decision backing the [...]
Land Securities to take to the slopes in deal to buy X-Leisure December 4, 2012 LAND Securities yesterday revealed it is to buy a controlling stake in X-Leisure, the owner of venues including the Xscape indoor ski slopes and Brighton Marina, for £110.6m. The property giant has agreed a deal with Capital and Regional and Area Property Partners to buy a further 42 per cent stake in X-Leisure Unit Trust [...]
William Hill and Sportingbet cut takeover price December 4, 2012 WILLIAM HILL’S drawn-out takeover of online bookie Sportingbet took another twist yesterday, as the parties cut the price of the deal. Sportingbet, which is set to be carved up by William Hill and GVC Holdings, agreed to reduce its price from the £530m previously agreed to around £485m. The deal was cut yesterday as a [...]
