Santa Clauses coming to town December 2, 2012 MORE than 2000 runners in Santa fancy dress took to Battersea Park on Saturday morning for the annual London Santa Run. The festive joggers braved near-freezing temperatures to run 6km and raise money for Disability Snowsport UK, a charity that helps people with disabilities take part in winter sports holidays. Santa runs also took place [...]
Our City Mo Bro winner revealed December 2, 2012 AT the start of last month, The Capitalist challenged readers to send in their scariest and hairiest upper lip specimens to take part in City A.M’s very own Movember contest. The month is now up and teams from all over the City have embraced the Movember spirit of growth and awareness, sporting all sorts of [...]
Roll up to cheer the firms back from the brink December 2, 2012 ROLL up, roll up to the Bloomsbury Big Top. The central London circus tent was the venue for the Institute for Turnaround (IFT) annual awards do. The ceremony recognises companies that have faced financial difficulties but have transformed their businesses to come out stronger than before. Topping the winners’ list was Kate Swann for her [...]
London house prices slide as gloom sets in December 2, 2012 GREATER London saw its first house price fall in a year in November, new data has revealed this morning. This came as forecasts, also published today, saw the UK housing market taking another two years to recover to its pre-crisis peak, before staying stuck in the so-called new normal of weaker house price growth for [...]
Business optimism holds steady despite fourth quarter worries December 2, 2012 BUSINESS sentiment held onto its October gains in November, according to a survey out today, despite worries the economy will post negative growth in the fourth quarter. Some 42 per cent of firms said they were more optimistic about the UK economy in November than they had been three months before, the Lloyds Business Barometer [...]
Jobs market set to continue growth December 2, 2012 The jobs market will continue to grow up to the end of 2012, according to survey data out this morning, despite continued weakness in the UK economy. The Reed Jobs Index hit 140 in November, the recruiter said, edging up from 139 in October, and a five-month high – 100 represents the situation in December [...]
Londoners stay in as UK goes out December 2, 2012 Londoners ate and drunk out much less in the autumn, Deloitte said today, while consumers across the rest of the country went out more frequently. On average, Londoners went out for a drink, or to eat, 25.7 times per month in October, according to data from Deloitte, down from 31.1 times in the July. But [...]
Chinese factory recovery on the up in November December 2, 2012 RECOVERY in the Chinese manufacturing sector sped up in November, according to official statistics out yesterday, though growth was still only moderate. The official manufacturing purchasing managers’ index (PMI) – a prominent business survey – hit 50.6 in November, a seven-month high, and up from 50.2 in October. But the figure was still only slightly [...]
Angela Merkel open to Greek debt haircut December 2, 2012 GERMAN Chancellor Angela Merkel yesterday said the Eurozone powerhouse would be willing to consider forgiving some Greek debt, if the troubled country brought its budget into surplus. But even if everything went to plan, Greece wouldn’t be turning a surplus until at least 2014-5, Merkel pointed out, leading opposition politicians to accuse the chancellor of [...]
Reputational crises hit value of firms’ shares December 2, 2012 REPUTATIONAL crises such as a products recall or environmental disasters involving a listed companies are a bigger threat to shareholder value than loan defaults or rogue employee behaviour, a study out today reveals. A survey of 16 global stock markets conducted by law firm Freshfields Bruckhaus Deringer shows operational crises – such as the Gulf [...]
