Tentative deal over Greek aid expected today November 19, 2012 FINANCE ministers from Eurozone states are expected to finally reach an agreement over the next tranche of bailout cash to Greece today, despite recent disagreements between international lenders. The Eurogroup of finance chiefs will meet in Brussels for its latest attempt to wave through a deal. Yet the payment of an estimated €44bn (£35bn) in [...]
Bullish Cameron confident of winning battle over EU budget November 19, 2012 BRITAIN believes a deal can be reached on the European Union budget at crunch talks in Brussels this week, a spokeswoman for David Cameron said yesterday. The optimistic tone came as Cameron insisted that he is a “good European” for attempting to drive down the EU’s budget rise. “I think I have the people of [...]
Bad loans at Spanish lenders hit a record high in September November 19, 2012 BAD loans at Spain’s banks struck a new high in September, it was revealed yesterday, as a wave of negative data releases poured more misery on the troubled euro area. Figures from the Bank of Spain showed banks’ bad loans standing at 10.7 per cent of their outstanding portfolios in September – the highest level [...]
Mitie revenue boosted by key contract wins November 19, 2012 REVENUE at outsourcing firm Mitie jumped 5.6 per cent over the six months to September, as it hailed recent contract wins for the boost. Turnover jumped to £1.03bn as the FTSE 250-listed company was flattered by several large contract wins, including a £775m deal with Lloyds Banking Group, thought to be its largest-ever contract. Total [...]
Lamprell increases loss forecast following review of business November 19, 2012 RIG maker Lamprell yesterday warned that its losses for the full year would increase significantly, six weeks after axing three executives following its fourth profit warning of the year. The company now anticipates a total loss of $105m (£66m) for the year as a result of delays to projects, up from previous projections of between [...]
What are your thoughts on Mitie’s half-year results? November 19, 2012 ANDY BROWN | PANMURE GORDON These are solid first-half results from Mitie with profits up two per cent. While challenges remain in its main markets the group has increased its order book, providing high revenue visibility, and management expect further progress to be made. We maintain our neutral stance. CAROLINE DE LA SOUJEOLE | SEYMOUR [...]
Smart savings for the poor November 19, 2012 OUR Christmas Appeal in support of Opportunity International has got off to a flying start this year. Since the appeal was launched just last week, £212,568 has already been raised. Such a healthy start to the 2012 campaign puts us in a good position to match or even surpass last year’s appeal total of £1.58m, [...]
How to give November 19, 2012 TWEET #cityamappeal with details of why you’ve donated. These comments may be printed in future editions of City A.M. online at: www.cityam.com/appeal by text: CITY13 and amount (£5 or £10 only) to 70070 Text donations may not work from company mobile phones as these often block premium messages. credit or debit card by phone to: [...]
CBI’s Carr says Britain should stay within EU November 19, 2012 THE GOVERNMENT must avoid an exit vote in any EU referendum, the UK’s most prominent business lobby said yesterday, in order to preserve trade links with its “old friends” on the continent. “Whilst we look for new partners, we must not forget old friends,” said Sir Roger Carr, president of the Confederation of British Industry, [...]
Lawyers and business at odds over Cameron’s appeals plans November 19, 2012 LAWYERS said David Cameron’s plans to cut down on judicial reviews, announced in a speech yesterday, were a red herring when it came to promoting economic growth, but business groups responded warmly to the proposals. The Prime Minister had promised to cut back judicial reviews, saying many were “completely pointless” – but Adam Chapman at [...]
