Troubled bank note producer eyes separate London listing November 11, 2012 SWISS based banknote printer Landqart could be hived off by its Canadian parent company Fortress Paper and listed in London to help boost the flagging firm’s fortunes. It is thought Fortress, made up of three separate paper pulping, wallpaper production and bank note printing businesses, is considering plans to split up firms and list the [...]
Heathrow to set out its stall for hub status November 11, 2012 HEATHROW will this week lay out its arguments for a single hub airport to serve Britain, putting further pressure on the coalition to consider allowing the airport to expand. Heathrow is expected to say on Wednesday that only a major hub airport can offer the transfer links and overall capacity needed to support soaring traffic [...]
London council pension funds criticised for bad management November 11, 2012 BADLY managed council pension funds in London are increasing the risk of fee hikes for taxpayers, a damning report today concludes. The council pension schemes across London, run by councillors and underwritten by taxpayers, have weak governance standards and make poor investment decisions, the Pensions Institute report claims. It adds that without change taxpayers will [...]
Global IT giant warns of skills crisis in Britain November 11, 2012 BRITAIN faces a looming computing skills shortage over the coming years, a director at one of the world’s biggest IT companies has warned. BG Srinivas, the European head of global software consultancy Infosys, told City A.M. that “the number of people wanting to get into IT has dropped” and that he sees a shortage of [...]
Apple and HTC make peace in global smartphone patent war November 11, 2012 APPLE and Taiwanese rival HTC have settled a patent battle over mobile phone technology and announced a 10-year licensing agreement, putting an end to a global dispute that has dragged on for two years. The firms announced the deal in a surprise joint statement yesterday. They did not reveal details, except to say that the [...]
Malaysian firm Fusionex opts for London in £80m Aim listing November 11, 2012 MALAYSIAN software company Fusionex will announce plans today to float on London’s Alternative Investment Market in an initial public offering (IPO) valuing the company at as much as £80m. The enterprise IT firm will look to raise between £10m and £15m when it goes public over the next one to three months. Fusionex said it [...]
Lord Mayor’s flotilla is back on the river November 11, 2012 THIS weekend saw the annual Lord Mayor’s Show grace the City yet again. Thousands gave the warmest of welcomes to the 685th Lord Mayor of London, Roger Gifford, on his first full day in office. Gifford is UK head of Swedish bank SEB. He officially took over the mayoral role from the much-loved Lord Mayor [...]
At the going down of the sun: We will remember them November 11, 2012 “They shall grow not old, as we that are left grow old. Age shall not weary them, nor the years condemn. At the going down of the sun, and in the morning: We will remember them.” The City marked Remembrance Sunday yesterday with a special service held at St Paul’s cathedral. At the Cenotaph in [...]
London’s super prime property keeps top spot November 11, 2012 LONDON’S super prime residential properties continue to fetch higher prices than any other city in the world as ongoing economic uncertainty boosts the capital’s safe haven status, research by CBRE shows. The property agent said yesterday that average values in prime central London have increased 12.6 per cent since January, with Kensington and Chelsea, in [...]
John Lewis Christmas trading lift November 11, 2012 John Lewis saw a strong start to its traditional Christmas trading period, with sales up 11.4 per cent year-on-year for the week to last Saturday. The department store, which took £85m in the week, reported high demand for beds, fitted carpets and made to measure curtains as customers prepare for entertaining. A 29 per cent [...]
