London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Lonmin peace offer rejected by miner union September 6, 2012 THE militant South African Association of Mineworkers and Construction Union (AMCU) yesterday rebuked the peace agreement set out by platinum miner Lonmin. Talks dragged on over a week in Rustenberg in South Africa, and resulted in Lonmin, the incumbent National Union of Mineworkers (NUM) and several other labour groups signing the peace treaty. The world’s [...]
Bank holds again but analysts expect MPC to act in November September 6, 2012 THE BANK of England held tight on both QE and interest rates in its meeting yesterday. Analysts said the Bank was continuing its “wait and see” approach, analysing the effects of the £50bn package of asset purchases that will last through October, and the government’s Funding for Lending scheme, before intervening in the market again [...]
Miliband backs training over hand-outs September 6, 2012 LABOUR leader Ed Miliband yesterday announced plans to boost incomes through better training – while revealing that he has exchanged text messages with Lib Dem business secretary Vince Cable. Miliband said his party would reject large state hand-outs in favour of “predistribution”, a policy he defined as emphasising training over tax credits. This would enable the [...]
Morrisons puts faith in roll out of local stores September 6, 2012 MORRISONS yesterday batted off concerns that it is slipping behind rivals, unveiling plans to roll out convenience stores across London and step up its fresh food offer in a bid to stem declining sales. Britain’s fourth largest supermarket said like-for-like sales, excluding VAT and fuel, fell 0.9 per cent in the first half of the [...]
Dixons wins Olympic boost from TV sales September 6, 2012 DIXONS Retail said this summer’s sporting events helped boost trading at its UK and Irish operations, as Europe’s second largest electricals retailer posted a five per cent rise in first quarter like-for-like sales. Chief executive Sebastian James said customers bought five times as many 55 inch TVs and treble the amount of Smart TVs than [...]
Analyst Views | What performance can we expect in the second half of the year? September 6, 2012 KATE CALVERT SEYMOUR PIERCE Morrison has always been scale disadvantaged relative to its peers and the pace of change from Dalton Philips has not turned out to be fast enough. As we expect the industry to remain just as competitive and consumer demand to remain subdued…we feel Morrison will struggle to outperform its peerS. PHILIP [...]
Mayfair tempts horse racing TV investors to sell September 6, 2012 TOTTENHAM Hotspur’s owner Joe Lewis yesterday moved to boost his sporting investment empire by bidding to buy the company which beams horse racing TV footage into betting shops. Mayfair Capital Investments, Lewis’s fund management business, said it had put in an offer to increase its 29.99 per cent stake in Timeweave – which part owns [...]
Nomura to cut London jobs in $1bn shake up September 6, 2012 JAPANESE bank Nomura’s equities and investment banking businesses are facing major cuts over the next two years as it tries to slash costs globally. It hopes to trim $1bn (£627m) off its cost base in the departments by the end of 2014, with roughly $450m of those hitting Europe, the Middle East and Africa (EMEA). [...]
Selecting the fittest as a bank reshapes itself September 6, 2012 NOMURA just evolved. Under its new chief executive, Koji Nagai, the Japanese bank chose the language of natural selection to describe its mutating strategy, announcing “the next step in the evolution of its Global Equities franchise” on the day it also said that it would make half of its planned $1bn savings in EMEA. Nagai [...]
New rules aim to prevent MF Global repeat September 6, 2012 REGULATORS want to create a “radical shift” in the way clients’ money is protected by investment firms, yesterday announcing a new effort to prevent savers from losing out when companies go bust – in part in reaction to the collapse of brokerage MF Global last year. The Financial Services Authority (FSA) launched the consultation on [...]
