Before the Open – 02/09 September 2, 2013 There's some continued uncertainty as we head towards the open this morning. US President Obama's comments over the weekend have prolonged a decision over Syrian, keeping markets jittery. CMC Markets' Michael Hewson: Europe's markets look set for a positive start as oil prices fall back and economic data comes back into focus. We've got a [...]
Tullow Oil exploration finds no oil in offshore Mozambique well September 2, 2013 Tullow Oil has failed to find oil at an exploration well in Mozambique, and ended operations at the site (release). Buzio-1 exploration well in Area 2 offshore Mozambique has not encountered hydrocarbons and, following the completion of logging operations, has been plugged and abandoned. The Buzio-1 site is the second deepwater exploration well in Area [...]
Rolls-Royce completes £250m sale of helicopter engine programme September 2, 2013 Rolls-Royce has completed the sale of a 50 per cent stake in the RTM322 helicopter engine programme to Turbomeca, a company owned by rival Safran (release). The €293m (£249m) deal sees Turbomeca assume responsibility for managing the design, production and support for the engine, which powers Apache (pictured), EH101 Merlin and NH90 helicopters. Rolls-Royce will [...]
Vodafone up nearly five per cent on £84bn Verizon mega deal September 2, 2013 Telecom company Vodafone has confirmed that is in advanced discussions with Verizon regarding the disposal of Vodafone's US group (release). That's sent Vodafone shares up nearly five per cent in early trading. The $130bn (£84bn) deal is set to be one of the biggest in corporate history. Verizon's board is expected to meet today to [...]
Vodafone in £84bn selloff September 1, 2013 VODAFONE and Verizon are set to strike one of the biggest deals in corporate history today, once the telecoms giants’ boards vote on a $130bn (£84bn) plan to sell off Vodafone’s stake in Verizon Wireless. Verizon’s board will meet in the States today to approve the terms of the deal, following a meeting of Vodafone’s [...]
Exclusive: Walkie Scorchie melted my Jag September 1, 2013 THE WALKIE Talkie skyscraper in the City has caused extensive damage to a Jaguar parked on a nearby street – as other drivers come forward to say it has also melted parts of their vehicles. As revealed in City A.M. last week, the building’s unusual shape is reflecting an ultra bright light onto Eastcheap, with [...]
Demand for houses rises as Help to Buy takes flak September 1, 2013 DEMAND for housing continued to rise through August, as warnings over the sustainability of chancellor George Osborne’s Help to Buy scheme continued to roll in. According to Hometrack data out today, demand continued to rise last month, with 1.1 per cent more buyers registering with agents, and a 0.4 per cent hike in prices from [...]
Football’s big spenders get ready for a final day’s shopping September 1, 2013 THE countdown to the football transfer deadline, which is at 23.00 tonight, promises much in terms of excitement and intrigue. Fuelled by a massive increase in broadcast revenues – Premier League clubs will share out £1.6bn, compared to £1.06bn last year – the country’s wealthiest owners are falling over each other to add to their [...]
City still yet to see real rise in job vacancies September 1, 2013 THE CITY jobs market was 14 per cent quieter than a year ago last month, despite an increase in vacancies since July, figures out today claim. According to recruitment specialists Astbury Marsden, there were 2,490 jobs on offer last month, up 16 per cent from 2,150 in July. However, there are still fewer vacancies than [...]
Assembly wants airport rail links September 1, 2013 Air passengers are discouraged from flying from Gatwick, Luton and Stansted because of relatively poor rail links to these airports, the London Assembly claimed in a report out today. The Assembly’s transport committee called on Howard Davies, who is reviewing aviation for the government, to look at expanding the Oyster system out to airports other [...]
