Rio to slash costs by $5bn November 28, 2012 GLOBAL miner Rio Tinto said last night it will slash costs by $5bn over the next two years as commodity prices tumble, but said it was cautiously optimistic on China’s outlook and was sticking with plans to expand its lucrative Australian iron ore operations. Rio said it is aiming to cut more than $5bn of [...]
Great Scot! It’s Aberdeen Asset’s Caledonian awards November 28, 2012 TO Ranald MacDonald’s Boisdale restaurant for the Aberdeen Asset Management Great Scot Awards 2012. Bagpipes were blaring to welcome tartan–clad guests to the patriotic dinner, held in association with City A.M. and Johnnie Walker Blue Label. Winners included Lord Steel of Aikwood, fashion designer Pam Hogg, actor Jamie Sives and Olympic gold medallist Tim Baillie [...]
Valere Capital backs our appeal November 28, 2012 THE CAPITALIST asks Mark Preston, principal of Valere Capital, why the firm is supporting the City A.M. Christmas Appeal this year. Why are Valere Capital supporting Opportunity International? The relationship between us came about due to my involvement with Opportunity when I was co-head of Corporate Markets at Lloyds TSB. With the support of my [...]
How to give November 28, 2012 online at: www.cityam.com/appeal by text CITY13 and amount (£5 or £10 only) to 70070 Text donations may not work from company mobile phones as these often block premium messages. credit or debit card by phone to Opportunity International (01865 725 304) If donations exceed our programme needs in Africa, they will be deployed elsewhere. TWEET [...]
Nokia looks for BlackBerry ban after court win November 28, 2012 NOKIA has won a significant victory over the company that makes BlackBerry smartphones, the Finnish firm revealed yesterday, with a court deciding that its patented Wi-Fi technology was being used without permission. Research in Motion (RIM) now faces the prospect of having to change the technology used in its devices or pay fees to Nokia. [...]
CGI Group posts fourth-quarter loss after Logica acquisition November 28, 2012 CANADIAN IT services company CGI Group yesterday reported a fourth-quarter loss due to costs associated with its acquisition of Logica. The Montreal-based company completed the $2.64bn (£1.65bn) acquisition of its larger Anglo-Dutch rival Logica in August and recorded a related charge of C$248m in the quarter. CGI posted a loss of C$168m, or 58 Canadian [...]
Comet forecast to leave high street by Xmas November 28, 2012 COMET’S administrators yesterday confirmed they are to close a further 125 stores and may shut the entire business by the end of the year unless a buyer can be found, in a devastating blow for the high street. Deloitte said just 70 stores of the original 236 stores will continue to trade until all of [...]
Bale stars at both ends as Tottenham ride luck November 28, 2012 TOTTENHAM HOTSPUR 2 vs LIVERPOOL 1 TOTTENHAM manager Andre Villas-Boas admitted his team had been lucky last night after they survived a Liverpool fight-back to clinch consecutive wins for the first time since September and climb to fifth in the Premier League. In-form winger Gareth Bale laid on the first for Aaron Lennon and struck [...]
Giles handed limited overs role as England prune Flower duties November 28, 2012 FORMER England captain Nasser Hussain has welcomed the appointment of Warwickshire chief Ashley Giles as one-day international and Twenty20 head coach, but insists talk of him succeeding Andy Flower is premature. Giles will take charge for England’s January ODI campaign in India, which follow the current Test series, leaving Flower to concentrate on the five-day [...]
All Black Hore escapes with five-game ban November 28, 2012 NEW Zealand hooker Andrew Hore has escaped a lengthy ban for striking Wales lock Bradley Davies off the ball last Friday at the Millenium Stadium, but will still miss Saturday’s clash against England. Hore has been widely condemned for the incident, which occurred barely 30 seconds into the All Blacks’ 33-10 victory, but was yesterday [...]
