Pinsent to move in 2011 March 2, 2010 PINSENT Masons, the law firm, has completed its search for a new City of London office and will move into 30 Crown Place in early 2011. Comprising 197,000 sq ft, the 16 storey building, near Liverpool Street, will be the largest in Pinsent Masons’ international network of offices. The firm said it had taken a [...]
Admiral sees revenues rise 18pc to £1.1bn March 2, 2010 INSURANCE group Admiral has seen record growth after breaking the £1bn revenue barrier at the same time as posting double-digit growth in UK profits. Income for 2009 reached £1.07bn, marking an 18 per cent increase from 2008 when turnover came in at £910m. Chief executive Henry Engelhardt said the group’s results were driven by the [...]
Coventry posts a £75m operating profit in 2009 March 2, 2010 COVENTRY Building Society saw operating profits during 2009 climb to £75m after the UK’s third largest building society took a healthy share of the market. The UK based building society saw its operating profits rise by four per cent from the £71.7m it posted in 2008, while it’s pre-tax profits for 2009 also reached £56.2m. [...]
JLT: We have outperformed our US rivals March 2, 2010 JARDINE Lloyd Thompson (JLT) has seen double-digit growth in 2009 revenue and profits as the Lloyd’s of London listed insurer said it will avoid making any large acquisitions. Revenue for the group climbed to £612.9m, marking a 14 per cent increase on 2008 when income came in at £536.1m. Likewise, profits before tax reached £102m [...]
Foreign firms boost cash to buy UK peers March 2, 2010 THE amount of money spent by overseas firms on acquiring UK companies surged in the fourth quarter of last year to £13.8bn from £4bn in the previous three months, official data showed yesterday. Figures from the Office for National Statistics showed however that the number of transactions had remained broadly unchanged, Significant acquisitions of UK?firms [...]
Record low for food inflation March 2, 2010 FOOD PRICES are increasing at their slowest annual rate in three years thanks to the falling cost of fresh food according to the British Retail Consortium’s (BRC)-Nielsen shop price index published today. Food prices were just 1.3 per cent higher on a year earlier in February compared to an annual increase of 2.9 per cent [...]
Pimco: Action not talk is needed on fiscal deficits March 2, 2010 IT IS not good enough for indebted governments to talk about reducing the fiscal deficit, they must take action if they are to retain investors’ trust in their sovereign debt, Bill Gross, the manager of the world’s biggest mutual fund at Pacific Investment Management (Pimco) said yesterday. “Action is required to maintain or regain trust [...]
Construction activity still contracting March 2, 2010 ACTIVITY in Britain’s struggling construction sector continued to fall in February but the rate of the decline was one of the weakest during the two-year period of contraction, a leading market survey revealed yesterday. The CIPS/Markit purchasing managers’ index posted 48.5 during February, which was only fractionally lower than the previous month’s 48.6. This is [...]
Britons are at their most optimistic in two years as economy starts to grow March 2, 2010 BRITONS are at their most confident in two years with expectations about the future the highest level on record, the Nationwide Consumer Confidence Index for February will show today. This second consecutive rise puts the index at 80, its highest level since January 2008, and almost double the level recorded during the same period last [...]
Australian central bank hikes interest rates again March 2, 2010 AUSTRALIA’S central bank raised its cash rate by 25 basis points to four per cent yesterday and flagged further hikes ahead, saying a surprisingly strong recovery allowed it to move policy toward more normal settings. Reserve Bank of Australia (RBA) governor Glenn Stevens said: “With growth likely to be close to trend and inflation close [...]
