Former Seymour Pierce staffer banned from City May 25, 2010 AN EX-employee of Seymour Pierce was yesterday banned by the Financial Services Authority from taking another job in financial services, in the latest of a string of penalties issued by the regulator in recent weeks. The FSA said John White, who was settlements manager at the broker, had committed fraud, stealing a total of £152,372 [...]
Renew Holdings sees profit drop but increase in orders May 25, 2010 Specialist engineering and construction services group Renew Holdings said yesterday its six-month pre-tax profit had slipped 30 per cent to £1.61m from £2.34m last year, but the firm’s order book increased by 31 per cent to £289m as of 31 March 2010 compared to £221m a year earlier. Earnings per share were 2.17 pence, lower [...]
BA may go to court again as strikes drag on May 25, 2010 BRITISH Airways (BA) passengers faced a second day of flight cancellations this week as the bitter dispute with trade union Unite showed no signs of ending. The airline yesterday denied claims that it would take last week’s appeal judgment to the Supreme Court, but did not rule out that the battle could end up back [...]
BA May 25, 2010 IT’s often said that bad things come in threes. Willie Walsh knows this to be true. A volcanic ash cloud, crazy cabin crew strikes and a government implacably opposed to airport expansion have conspired to make recent weeks a disaster for BA. With the Iberia tie-up tantalisingly close, Walsh should be celebrating. Instead he is [...]
Branson: Virgin Atlantic may need a merger May 25, 2010 VIRGIN ATLANTIC may have to find a merger partner to keep up with its rivals, according to the airline’s owner Sir Richard Branson. He said yesterday that the long haul carrier, which is already 49 per cent owned by Singapore Airlines, may need to come to a “situation where it would have to consolidate in [...]
Yahoo and Nokia set their sights on dual dominance May 25, 2010 YAHOO and Nokia yesterday unveiled a wide Internet services deal, including maps and e-mail service, as the two battle new rivals on the wireless market. The role of mobile services and software has increased sharply since Apple and Google entered the industry, forcing traditional phonemakers like Samsung and Nokia to hurry to build up their [...]
BP starts new clean up as chair hits out May 25, 2010 BP is preparing to blast the well leaking oil into the Gulf of Mexico with thousands of barrels of mud as it launches the “top kill” phase of its clean up efforts later today. Meanwhile, the oil giant’s chairman has hit back at critics of the company’s response to the disaster, reminding them BP is [...]
Pennon to hike dividend payouts after good year May 25, 2010 PENNON is to lift its dividend payment by four per cent a year for at least the next five years as the water and waste management company delivered a 14.2 per cent hike in profits last year. The group’s chairman, Ken Harvey, said the board intends to raise its dividend each year until at least [...]
BSS upbeat despite 23pc drop in profits May 25, 2010 PLUMBING specialist BSS remained positive yesterday despite posting a 23 per cent fall in profits last year as the company navigated its way through one of the toughest years in the last seven decades. The Leicester-based group said pre-tax profits for 2009, which fell to £44.2m from £57.8m, were less than it would have liked [...]
EX-SEYMOUR PIERCE BOSS COMES OFF THE SLOPES AND BACK TO CITY May 25, 2010 IT was only going to be a matter of time before Richard Feigen popped his head back over the proverbial parapet after resigning from broker Seymour Pierce at the turn of the year. Feigen, one of the best-known corporate financiers in the City, handed in his notice in January following a month-long internal investigation at [...]
