BP appoints Lamar McKay as new head of upstream November 23, 2012 Oil major BP said today it had appointed Lamar McKay in the newly-created role of head of upstream, in a reorganisation of its oil and gas production operations. McKay, who will take up the role in January, will lead the upstream business in a reinstatement of a role that was abolished in 2010 after the [...]
Anglo American and Lafarge appoint chief executive for joint venture November 23, 2012 Mining giant Anglo American and cement maker Lafarge have appointed Cyrille Ragoucy as chief executive for their joint venture, they said today. Jamie Pike has been appointed non-executive chairman and Guy Young will join as chief financial officer of the joint venture, which will combine Anglo subsidiary Tarmac and Lafarge’s concrete and cement services in [...]
FTSE 100 flat as EU budget talks continue November 23, 2012 A lack of headway on the EU budget talks kept the leading share index broadly flat in trading this morning. Eurasian Natural Resources was the biggest blue-chip riser, adding more than one per cent. On the FTSE All-Share, holiday group Thomas Cook rose 5.44 per cent, while credit card CPP Group added 2.88 per cent. [...]
Black Friday kicks off holiday shopping season November 23, 2012 Black Friday got off to an early start last night, as shoppers in the US hit the high street. Black Friday, the day after Thanksgiving that is synonymous with shopping, could see 147m people shopping over the weekend, according to the National Retail Federation. Many stores opened late on Thursday, continuing a trend that began [...]
Renewable power spending to triple by 2020 November 23, 2012 The government has pledged spending of £7.6bn a year in real terms by 2020 on green energy measures. Under the Levy Control Framework, spending on low-carbon electricity generation will triple from the current £2.35bn a year. The government is targeting 30 per cent of electricity to come from renewables by 2020, from around 11 per [...]
Brewer Fuller’s lifted by new acquisitions November 23, 2012 New pub acquisitions boosted brewer Fuller, Smith & Turner in the six months to September, as revenue jumped eight per cent despite a washout summer. Two pubs – in Brighton and Waterloo – were acquired over the six months, and a further two have been bought since the end of September, flattering the increase in [...]
German economy expands by 0.2 per cent in Q3 November 23, 2012 The German economy continued to expand over the third quarter, down slightly from the second quarter numbers as the Eurozone’s largest economy felt the pinch from the debt crisis. The German Federal Statistics Office confirmed this morning that GDP rose by 0.2 per cent in the third quarter, down from 0.3 per cent in the [...]
Compliance culture takes over the city November 22, 2012 PAY in compliance and risk jobs is soaring thanks to the wave of regulation sweeping the financial services industry, while other City workers see mass layoffs and salary cuts. New research from recruiters Robert Half, given exclusively to City A.M., shows high demand for experts in audit, compliance and risk management is driving wages through [...]
BBC looks to veteran Lord Hall for director general November 22, 2012 THE BBC Trust yesterday made the surprise move of appointing Tony Hall, the chief executive of the Royal Opera House, as the replacement for departed director-general George Entwistle. Former BBC head of news Hall, who left the corporation after 28 years in 2001, was considered for the job during the process that saw Entwistle appointed [...]
Technology and human ingenuity will rescue the economy November 22, 2012 IF you think we have it bad in today’s stagnant, mismanaged, low-growth Western economies, think of our ancestors. Their fate was truly hopeless. Global GDP per person grew by 0.04 per cent a year between the years 1000 and 1820, a note from Capital Economics reminds us – in other words, incomes and quality of [...]
