Cable says trade with emerging markets is not a zero sum game November 19, 2012 FAST GROWTH in developing countries represents an opportunity as well as a challenge, claimed Dr. Vince Cable yesterday. “Global growth is undeniably good news,” he told the Confederation of British Industry’s annual conference. “We should welcome the fact that vast swathes of humanity…are now clawing their way out of poverty – they will expand the [...]
Lots of luxury in Whitehall for Walpole bash November 19, 2012 BACK to Banqueting House in Whitehall again this year for the 11th Walpole Awards for Excellence. Anthony Head was master of ceremonies for the luxury body’s annual gathering. The actor, of Gold Blend coffee advertisements and Buffy the Vampire Slayer fame, was perhaps a less “on brand” choice of host than last year’s compère – [...]
Beazley 2013 calendar boy strikes a pose November 19, 2012 As a Team GB Olympic fencer, Husayn Rosowsky is no doubt used to having his photo taken by the press. However The Capitalist learns that the Olympic sportsman has found himself cast as the new star of an unlikely publication. Beazley, British Fencing’s sponsor and specialist Lloyd’s insurer, was shooting in the City last week [...]
London is world’s seventh-best startup city but no Silicon Valley November 19, 2012 LONDON is the seventh-best city in the world for entrepreneurs to set up in, but is still some way off its counterparts in the US, research out today claims. A report from Telefonica Digital, in tandem with US researchers at the Startup Genome, says that while London’s startup scene is the largest and most prosperous [...]
Intel boss Otellini takes his leave after 40-year stretch November 19, 2012 INTEL said yesterday that chief executive Paul Otellini will retire in May after 40 years at the company, as the chipmaker copes with weak PC demand and an industry shift to mobile computing. Intel said it would consider both internal and external candidates for the position and that the “leadership transition” will last six months. [...]
Texan bid for Balfour Beatty November 19, 2012 Balfour Beatty yesterday said it had been selected as the best value bidder for a $798m (£502m) for the Dallas Horseshoe Project in Texas. The design-build joint venture involves the upgrade and replacement of several bridges in Dallas, to shorten the construction schedule and lower the cost.
Profit jumps at Diploma November 19, 2012 Technical products supplier Diploma reported full-year profit of 17 per cent, boosted by its seals business. Adjusted pre-tax profit over the year to September came in at £52.6m, up from £44.9m the year before, while revenue increased to £260.2m, up 13 per cent year on year.
Tube engineers to strike November 19, 2012 Engineers are set to down tools on Friday in the latest dispute over pensions, pay and benefits for Tube workers. Staff working for Tube Lines on the Northern, Jubilee and Piccadilly lines will walk out for 24 hours from 6am on Friday, after previous industrial action failed to prompt an agreement.
Citigroup settles Lehman claim November 19, 2012 Citigroup has agreed to pay $360m to the brokerage estate of Lehman Brothers to resolve a dispute over $1bn in collateral that the investment bank was forced to post in the days leading up to its bankruptcy in 2008.
Hampson in administration November 19, 2012 Aero-engineer Hampson Industries yesterday fell into administration. Hampson, which struggled with debts and failed to find a buyer earlier this year, has appointed FTI Consulting as its administrators.
