FSA fines ex Sibir chief for market abuse July 6, 2010 A DAMAGING corporate ruse was finally rumbled yesterday after the City regulator slapped a £350,000 fine on Henry Cameron, the former chief executive of oil company Sibir Energy. Last year, Sibir was embroiled in controversy over debts owed to the company by Russian tycoon Chalva Tchigirinski, one of its major shareholders. Sibir informed the market [...]
Boost for Balfour share price July 6, 2010 SHARES of Balfour Beatty advanced as much as eight per cent yesterday after the British infrastructure giant said its order book was growing despite tighter infrastructure spending from governments throughout Europe. Balfour Beatty also reassured investors that trading has met its expectations so far this year. Its order book is expected to be ahead of [...]
EMC to take on Oracle after Greenplum buyout July 6, 2010 HARDWARE maker EMC said yesterday it will buy Greenplum, a small software firm, taking on Oracle in selling programs that help companies analyse business trends. Financial terms of the all-cash deal were not disclosed. Oracle, the long-time leader in the database software market, entered EMC’s core business of selling storage equipment in January with its [...]
NEWS | IN BRIEF July 6, 2010 Britain’s big industrial towns are gaining ground on London as tourist destinations for overseas visitors, according to a survey by Visit Britain. While the capital tops the list of cities most visited by foreigners, with nearly 15m overnight-stay trips from overseas visitors a year, Edinburgh took second place and Manchester, Birmingham and Glasgow all proved [...]
NEWS | IN BRIEF July 6, 2010 Unemployment rose faster in the country than in cities during the recent recession, according to the Commission for Rural Communities. The report said rural workers usually hold on to jobs during economic downturns, while those in town are more likely to be laid off. But in the crisis-hit second half of last year joblessness rose [...]
NEWS | IN BRIEF July 6, 2010 Staffline, a provider of recruitment and outsourced HR services to industry, yesterday issued a half year trading update and notice of its results. The firm said its first half was strong, driven by new business wins, recent acquisitions and increased demand from existing clients.
Global IPOs to continue rise, indicates E&Y July 6, 2010 A REPORT by Ernst & Young shows global IPO activity has continued its momentum despite current market conditions. The figures, which come from E&Y’s seventh annual global IPO report, demonstrates both in terms of funds raised and deals completed that the momentum created in the first quarter has been sustained into the second of this [...]
EasyJet says it is back on track after battling volcano July 6, 2010 Incoming easyJet chief executive Carolyn McCall was greeted by a 9.4 per cent year-on-year increase in passengers on the budget airline. The figures represent the largest monthly increase since before flights were interrupted by the Icelandic volcanic ash cloud. The airline carried 4.54m passenger in June, up from 4.15m a year ago, while its load [...]
Spice rejects Cinven again July 6, 2010 UTILITIES services company Spice will talk with its largest shareholders today after knocking back an improved takeover offer from Cinven, the private equity house. The FTSE 250 firm rejected a second approach of between 62p and 65p per share, worth up to £230m, as it revealed full-year results in line with expectations yesterday. Spice delivered [...]
Nigel Wray boosts his stake in Alliance Pharma to 12pc July 6, 2010 NIGEL Wray has increased his stake in Alliance Pharma to 12 per cent through the purchase of 1.9m shares. Wray, the second largest shareholder in the pharmaceutical company with 27.9m shares, has been steadily increasing his stake, buying 0.75m shares in May and a further 0.8m last month. He has increased his percentage share from [...]
