JCDecaux marks 10 years of Nurture at London Stock Exchange after supporting 500+ UK growth businesses
Finncap gains momentum on a string of small-cap client wins November 1, 2012 SMALL-CAP broker and adviser Finncap is bullish about further growth, after delivering an operating profit in the first half of the year. The firm said yesterday revenues rose to £5.7m in the six months to the end of October, from £5m a year ago, and operating profits jumped from £260,000 last year to £1.1m in [...]
Further outflows for Henderson but funds improve performance November 1, 2012 ASSET manager Henderson suffered £1.13bn in net outflows in the third quarter of the year, but managed to increase assets under management thanks to positive market movements. Chief executive Andrew Formica said he is “encouraged by the strong investment performance across our clients’ portfolios” in spite of market-wide reluctance to put money into more risky [...]
RIM shares up on new handsets November 1, 2012 Shares in BlackBerry maker Research in Motion (RIM) leapt as much as 10 per cent yesterday as it confirmed it was testing the next generation of handsets with operators, a big step towards the launch of BlackBerry 10, its soon-to-be-released smartphone software which has been repeatedly delayed. RIM has seen its market share significantly squeezed [...]
Quarto sales dip ahead of vote November 1, 2012 Quarto, the independent publisher at the centre of a battle for boardroom power, yesterday said trading had been subdued in the last three months. Sales dipped to $127.2m (£78.8m), while profit fell from $6m to $5.5m. Rebel investor Harwood Capital, which wants to oust chief executive Laurence Orbach, said that Quarto breached rules by sending [...]
UBM buys Canadian Newswire November 1, 2012 British business publisher UBM yesterday said it was paying £30.1m for the Press Association (PA)’s 50 per cent stake in news organisation Canada Newswire (CNW). The deal gives UBM control of the group as it adds to its 17 per cent stake in the company. UBM will now integrate CNW with its newswire division, PR [...]
Lower oil prices hamper Shell as output stalls November 1, 2012 OIL major Shell shouldered a 15 per cent fall in current cost of supply (CCS) profit in the third quarter, as it warned of global economic weakness across the board. Net profit on a CSS basis over the three months to September was $6.1bn (£3.8bn), down from $7.2bn in the third quarter of last year, [...]
DMGT looks ahead as it cuts ties with JP Morgan Caz November 1, 2012 CORPORATE broking relation-ships in the City tend to be pretty sticky, which is one reason bankers tell me that Barclays is so far hanging on to many of its newly-won clients even though the ultimate force behind its move into this line of business, former chief executive Bob Diamond, is very much no longer with [...]
Rosneft profit jumps ahead of $55bn TNK-BP takeover November 1, 2012 KREMLIN-controlled energy producer Rosneft yesterday posted soaring profits, just a week after announcing its $55bn (£34bn) acquisition of Anglo-Russian oil firm TNK-BP. Profit for the three months to September came in at a five-year high of 181bn rubles (£3.59bn), up from a loss of 8bn rubles in the previous quarter, thanks to higher oil prices, [...]
Phil Vickery is pulling pints at the Pink Lion November 1, 2012 THE Golden Lion pub in Mayfair has been transformed this week by Thomas Pink, the official outfitters of the British & Irish Lion’s 125th anniversary tour to Australia. The newly-named Pink Lion has not only had a rosy-coloured makeover for the week, but is displaying the official tour stash. Not your typical rugby shirts and [...]
The Square Mile comes out in force for London’s Poppy Day November 1, 2012 WITH Poppy Day fundraising events happening all over London yesterday, from Covent Garden to Clarence House, the Square Mile certainly did not let the capital down. The Military Wives Choir were serenading the masses on the steps of St Paul’s Cathedral; and over in Leadenhall market HMS Collingwood Band were striking a chord with City [...]
