Shell to ramp up production with two new deepwater projects July 22, 2013 Shell has announced that it will be moving forwards with two new deepwater projects at at Parque das Conchas and the Bijupirá/Salema fields (release). John Hollowell, executive vice president for Deep Water, Shell Upstream Americas: Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of our [...]
Mothercare shares see boost from Royal Baby fever July 22, 2013 Toddler chain Mothercare has seen its share rise this morning to as much as 474.25p (from a previous close of 466.5p) as news of the Duchess of Cambridge entering labour has broken. The company, which has produced a line of prince and princess themed products, is expected to benefit from a boom in baby interest. [...]
Duchess of Cambridge in hospital after going into labour July 22, 2013 THE DUCHESS of Cambridge has been taken to hospital in the early stages of labour, Kensington Palace announced today. The Duchess – formerly Kate Middleton – travelled by car to St Mary’s Hospital in Paddington this morning with her husband the Duke of Cambridge. She reportedly arrived at the hospital at around 6am, with an [...]
Bumi resumes trading July 22, 2013 TROUBLED miner Bumi has announced that it will resume trading today, after almost three months since the firm’s shares were suspended due to irregularities on its balance sheet. The company, which is currently undergoing a separation after a long-running feud between its co-founders Nat Rothschild and the Bakrie family, had to re-list this week or [...]
Japan stocks muted after Abe win July 22, 2013 JAPAN’S stock market barely moved after yesterday’s elections, which gave Prime Minister Shinzo Abe control of both houses of parliament for the first time since 2007. The election outcome shows a vote of confidence in ‘Abenomics’, the prime minister’s aggressive stimulus policies aiming to end deflation in Japan and boost growth. The Nikkei rose 1.2 [...]
UK regulator to boost audit market competition July 22, 2013 BRITAIN’S top companies will have to put their accounting business out to tender every five years to encourage competition between audit firms, the Competition Commission proposed today. The regulator outlined its plans to break the stranglehold of the ‘big four’ accounting firms: Deloitte, KPMG, PricewaterhouseCoopers and Ernst & Young, ahead of its final report this [...]
Before the open – 22/07 July 22, 2013 After US markets hit record highs on Friday, the FTSE is expected to rise on the open. ETX Capital #morningcall: FTSE100 up 9 points, the DAX higher by 27 points and the CAC40 up by 8 points — ETX Capital (@ETXCapital) July 22, 2013 Our macro data is rather light and all of a US [...]
Duchess of Cambridge enters early stages of labour July 22, 2013 Kensington Palace have confirmed that the Duchess of Cambridge has been admitted to hospital, and has entered the early the stages of labour. The Duchess of Cambridge travelled by car from Kensington Palace to the Lindo Wing of St Mary's Hospital with the Duke of Cambridge. — James Manning (@JamesManning4) July 22, 2013
Compulsory audit tenders could cost consumers quality, money and competition July 22, 2013 The Competition Commission (CC) has shied away from compulsory auditor switching, instead pushing for mandatory tenders every five years, in an attempt to break up the big four (PwC, Deloitte, Ernst & Young, KPMG). FTSE 350 companies should put their statutory audit engagement out to tender at least every five years. Companies may defer this [...]
UK economy heats up July 21, 2013 THE UK ECONOMY looks set to finally record robust growth this week, after a bundle of positive indicators from consumers and firms this morning all point to an expanding economy. All five of the latest surveys are positive, continuing a run of steadily strengthening data over the past few months and bolstering hopes that Thursday’s [...]
