Norway to UK gas pipeline opens October 11, 2010 The first transport of gas from the Gjoea and Vega fields offshore Norway began on Sunday with the opening of the Gjoea pipeline, Norwegian North Sea infrastructure operator Gassco said yesterday. “First gas began to flow on 10 October through the Gjoea gas pipe,” Gassco said, adding that first deliveries would begin when the platform [...]
Jaguar Land Rover exec to quit next year October 11, 2010 Luxury car maker Jaguar Land Rover yesterday said the boss of its Jaguar arm is leaving next year as the company continues to review the future of its UK manufacturing operations. Jaguar Land Rover said the managing director of Jaguar Cars, Mike O’Driscoll, 54, will retire at the end of March 2011 after 35 years [...]
Greece stalls on bailout loan October 11, 2010 Greece is discussing prolonging the repayment of a €110bn (£96bn) EU/IMF bailout deal, finance minister George Papaconstantinou told Greek Skai television yesterday. “It is an ongoing discussion, there is no decision but this is completely different from the issue of restructuring of the Greek debt,” Papaconstantinou said. The International Monetary Fund said on Sunday that [...]
FOOD & BOOZE NEWS October 11, 2010 BAR BATTU OPENS ON GRESHAM STREET The City’s latest bar and bistro to open is Bar Battu on Gresham Street (it used to be Molloy’s). For décor, think loft-style chic: exposed brick walls, reclaimed wood flooring, industrial lights and plenty of banquettes. Chef Sydney Aldridge, an alumnus of Galvin Bistrot de Luxe, is offering dishes [...]
YouGov boosts UK profits after success of instant polling and general election October 11, 2010 INCREASED appetite for instant polling results and the general election helped YouGov post a 60 per cent hike in annual UK?operating profits, the pollster said yesterday. YouGov reported UK operating profit of £3.4m in the year ending 31 July, on UK revenues that were nine per cent higher at £12.1m. YouGov chief executive Stephan Shakespeare [...]
FFastFill wins contract with Bahrain Exchange October 11, 2010 DERIVATIVES software provider, FFastFill, has signed an agreement with the Bahrain Financial Exchange (BFX) to offer vendor software to the exchange and its users. FFastFill, which supplies Software as a Service (SaaS) to the derivatives community, said that it will provide the BFX with connectivity to its community of banks and brokerage firms. BFX’s clients [...]
Compass finance boss set to join Enterprise Inns October 11, 2010 NEIL Smith, finance director at Compass Group, has been appointed as chief financial officer of Enterprise Inns. He is taking over from David George, who will step down from the post at the end of January after a 20-year stint in the role. He joined the pub group at its inception in 1991. Smith will [...]
BEST OF THE BROKERS October 11, 2010 NOKIA Goldman Sachs issues a “neutral” rating for Nokia as the broker thinks the phone group will continue to trade in-line with near-term earnings momentum, which it believes is turning positive. However, the broker says the long-term risks to Nokia’s smartphone share remain high and warns the stock could prove a “value trap”. PRUDENTIAL JP [...]
Aardman records post tax profit October 11, 2010 City A.M. said yesterday Aardman Holdings, the firm behind Wallace & Gromit, swung from a £1m profit to a £2.5m loss last year. This is a pre-tax figure and Aardman has asked us to clarify that tax credits worth £2.9m pushed the firm back into the black. After other taxation was deducted the firm recorded [...]
Air Partner wins DFID contract October 11, 2010 Air Partner is to become the sole provider of all passenger and freight air charter services for the government’s department for international development (DFID) for the next four years. The new contract, which is effective immediately, will see Air Partner provide logistical support to the DFID’s global aid assignments. It won the contract after a [...]
