Investors buy up Spanish long term bonds giving Rajoy time November 8, 2012 SPAIN showed yesterday that investors will buy even its long-term debt, with a successful bond auction that completed its 2012 issuance programme, giving the government breathing room to hold out before requesting international aid. Most analysts still think Spain will need to call on the European Central Bank’s firing power before long, but the smooth [...]
Seasonally-adjusted US jobless numbers show continued slide November 8, 2012 NEW JOBLESS claims in the US continued to creep down in the beginning of November, at least on seasonally-adjusted figures, according to data released yesterday. New unemployment insurance claims dropped 8,000 in the week ending 3 November, to reach 355,000, the Department of Labor showed. But the bigger drop-off came in total insured unemployment, which [...]
David Montgomery eyes Lepe back into the newspaper world November 8, 2012 It would be no exaggeration to say that the boutique investment banks are hurting due to the dearth of deal activity but in their favour they have increased their market share of deals and every so often they pop up quite spectacularly when one is least expecting them. Hence when BP bought (and then later [...]
Plenty of FTSE faces at Rudd’s Finsbury bash November 8, 2012 TO SW1 last night where senior City figures attended the annual drinks party given by Roland Rudd, boss of City PR outfit RLM Finsbury. Among the guest list were Stephen Hester of RBS, Chris Gibson-Smith of British Land, M&S chairman Robert Swannell, easyJet’s boss Carolyn McCall, Sir Charles Dunstone of Carphone. Roland’s sister Amber Rudd [...]
Who’s that man with the brand new scooter? Our prize winner November 8, 2012 BATED breaths around the City can finally breathe deeply, the lucky winner of Monday’s competition has now been revealed. The proud new owner of the very sleek Vmoto scooter, The Capitalist is pleased to announce, is Guy Hawney, equity dealer at Hermes Pensions Management. Hawney correctly guessed that the top speed of the motorcycle was [...]
Land Secs bags third tenant for Walkie Talkie November 8, 2012 LAND Securities said yesterday it had clinched its third tenant at the Walkie Talkie skyscraper scheme in the City, as insurers help bolster the muted office lettings market. The property giant said its joint venture with Canary Wharf Group is now 23 per cent pre-let with a further 11 per cent in solicitors’ hands after [...]
Balfour Beatty to review its business after profit warning November 8, 2012 BALFOUR Beatty said it is studying whether to close parts of its operations after issuing a profit warning yesterday, prompting its share price to dive 18 per cent. “We are definitely in a world … where we are having to look at desisting from certain areas of the market,” chief executive Ian Tyler said. His [...]
Aviva looks to the future but faces a hard slog to get there November 8, 2012 AVIVA yesterday echoed President Barack Obama, promising the best is yet to come as it touted costly transformation plans. It doesn’t face a crisis as ominous as America’s fiscal cliff, but the headwinds are severe. As we wait for a decision on its new chief executive, Aviva can’t even promise an easy transition, admitting with [...]
Rightmove founder and chief to retire November 8, 2012 ED WILLIAMS announced yesterday he is to retire as chief executive of Rightmove, 12 years after co-founding the property website. Nick McKittrick, who co-founded Rightmove alongside Williams and currently serves as finance director and chief operating officer, will succeed him as chief executive. Rightmove was set up in 2000 with £10m and was valued at [...]
Recent ad sales improve Trinity Mirror forecasts November 8, 2012 TRINITY Mirror yesterday upgraded its profit forecast for the year after an unexpected pickup in the advertising market in recent weeks. The newspaper publisher had expected operating profits to be lower than last year’s £104.5m. However, a November uptick, including an marketing blitz from 4G provider EE, pushed Trinity Mirror to say it expects similar [...]
