CITY MOVES | WHO’S SWITCHING JOBS November 24, 2010 PricewaterhouseCoopers PricewaterhouseCoopers (PwC) has appointed Andrew Miller to lead its government information security services offering as part of PwC’s continued investment in the development of its risk assurance practice. Prior to joining PwC, he was at Fujitsu Defence & Security where he was responsible for transforming its security services portfolio. Mercer Mercer has made three [...]
Future sees its revenues slide and warns that 2011 will be difficult November 24, 2010 Magazine publisher Future posted a small rise in full-year profit yesterday but warned 2011 looks “anything but benign”. The publisher of Official Xbox Magazine saw its adjusted profits rise nine per cent to £8.3m on revenue marginally down at £151.5m. Chief executive Stevie Spring told City A.M. she was “a Gemini” about the results: “If [...]
The world’s largest goldminer sees blue skies ahead as demand soars November 24, 2010 Aaron Regent, the chief executive of the world’s biggest goldminer Barrick Gold, straightens his tie and smiles – it’s a good time to be in the gold business. Regent, a 44-year-old with a middle distance runner’s build, is sitting in a meeting room in the recently refurbished Savoy Hotel, and can be forgiven for feeling [...]
Xinmao: We’re serious about Draka offer November 24, 2010 XINMAO Group’s financial adviser said yesterday that the group had Chinese bank financing lined up for its $1.3bn (£820m) offer for Dutch cable maker Draka, in a bid to dispel doubts over its proposed bid. Xinmao had a commitment from “one of the larger banks in China to provide the funds as necessary” for the [...]
BEST OF THE BROKERS November 24, 2010 NORTHERN FOODS Evolution Securities has upgraded the food firm to a “buy” with an upgraded target price of 60p. The broker believes the company’s planned merger with Greencore to create Essenta will create a market leader with a complementary mix of products, with synergy savings of up to £90m. The new firm’s proforma dividend per [...]
Five ways to become a better leader November 24, 2010 1.Understand the difference between leading and managing. In his book What To Do When You Become the Boss, Bob Seldon, an experienced manager and business coach, says that you should differentiate between the “mechanical” job of managing, or getting things done, and the inspirational work of leading. You can be made a manager with a [...]
Vivalis and GSK set to test flu drug on humans November 24, 2010 FRENCH biotech firm Vivalis and its British partner GlaxoSmithKline have won US clearance to begin testing for the first time on humans flu vaccines that were produced using Vivalis’s technology. Vivalis said in a statement that the terms of the milestone were not disclosed. Typically, biotech companies receive fees from partnership deals when a drug [...]
CBI welcomes schools plans November 24, 2010 THE business community welcomed the government’s white paper proposals aimed at reforming education policy yesterday, saying the government was right to focus on driving up quality and standards. Susan Anderson, director for education and public services policy at the Confederation of British Industry (CBI) said: “The government is right to focus on raising standards in [...]
Turning your ideas into a business November 24, 2010 NICK BADMAN CASS BUSINESS SCHOOL WHILE politicians and senior bankers slug it out in public about whether the banks are lending enough to small businesses, what can entrepreneurs do to increase their chance of success in the competition for scarce capital resources? Firstly, you should consider whether you really need external capital to make your [...]
Northern Foods chief leaves after being left out of new Essenta board November 24, 2010 THE CHIEF executive of Northern Foods will quit at the end of the week to join food wholesaler Brakes as head of UK operations, the firm said yesterday. Stefan Barden’s announcement comes a week after he was left out of the board of new company Essenta, which will be formed from a merger of Northern [...]
