Love blossoms in Antigua for City A.M. winner July 24, 2013 REGULAR readers of this page will remember that lucky Clifford Chance associate Lukas Hirst won a City A.M. prize draw earlier this year, and bagged a luxury holiday for two in Antigua. The only problem was that our lovely lawyer was single – and the romantic resort was aimed at loved-up couples. Not missing an [...]
Carney puts Austen on banknote but Osborne has the final pun July 24, 2013 BANK of England governor Mark Carney finally unveiled the “concept” for the new £10 note yesterday, which will feature author Jane Austen. “[As] Austen joins Adam Smith, Boulton and Watt, and in future, Churchill, our notes will celebrate a diverse range of individuals who have contributed in a wide range of fields,” said Carney. The [...]
Petrofac co-founder Maroun Semaan retires after 22 years July 24, 2013 PETROFAC’S president, executive director and co-founder Maroun Semaan has decided to retire after 22 years with the oil and gas service provider. Semaan joined the group in 1991 and joined the board in 2002. He played a key role in the group’s listing as a public company back in 2005 and held a number of [...]
APR full-year outlook on track July 24, 2013 Temporary power provider APR Energy yesterday unveiled revenues of $87.2m (£57m) in the first half of the year, in line with expectations. The company also said it had secured a $150m term loan expansion of its credit facilities from $400m to $550m, arranged by a consortium of banks. Full-year outlook remains unchanged and the firm [...]
Ofwat appoints new chief exec July 24, 2013 Water regulator Ofwat has appointed Cathryn Ross as its new chief executive. Ross is currently executive director of markets and economics at the Office of Rail Regulation and is expected to take up her new role on 14 October. She returns to Ofwat after three years, having served as director of markets and economics between [...]
City Moves for 25 July 2013 | Who’s switching jobs July 24, 2013 bfinance The consultancy has announced the appointment of Roubesh Adaya as a senior associate in its research team. He will be covering research into fixed income asset investments, and joins from BNP Paribas Asset Management. Barclays Vivian Chan has joined the bank as regional head of north Asia in its wealth and investment management division. Chan [...]
Best of the Brokers for 25 July 2013 July 24, 2013 INFORMA Numis has maintained its “add” recommendation on Informa stock ahead of the group’s half year results next week, with a target price of 557p. The analysts said a “solid” set of numbers were expected but there was “limited scope” for an upgrade at this point in the year. WANDISCO Panmure Gordon has affirmed its [...]
London Report: FTSE rises amid signs of growth in UK economy July 24, 2013 A WAVE of upbeat corporate earnings pushed Britain’s benchmark equity index back towards seven-week highs yesterday, with signs of resilience among British consumers as the economy recovers. Kingfisher added 3.1 per cent after Europe’s biggest home improvements retailer reported a return to underlying sales growth in Britain, while budget airline EasyJet gained 3.7 per cent [...]
New York Report: Weak results drag the Dow from its record July 24, 2013 US STOCKS mostly retreated yesterday as losses in utility and commodity shares more than offset gains in the tech sector on Apple’s solid earnings. The Dow Jones industrial average ended slightly lower on the day after closing at a record high. Caterpillar and AT&T dragged on the Dow following weak results on a day when [...]
China’s false stability could soon be exposed as its growth model creaks July 24, 2013 CHINA is widely considered to be the twenty-first century’s emerging economic leader. Global financial interests are betting that its state-directed economic model will overtake the liberal capitalism of the debt-ridden West. But is this the case? Leaders in Beijing have a slightly different view of their economy. China is devouring land, labour and capital in [...]
