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 [...]
Travelodge in £70m gym tie-up November 11, 2012 Travelodge and Gym Group, the low cost fitness chain, today revealed £70m plans to search for 10 sites to launch together over the next five years. The pair have already partnered together at four sites including Waterloo and Wembley and said the next 10 sites will be located in London and the South East. The [...]
Correction November 11, 2012 In our edition on 9 November, we wrote a story about Polymetal but because of a confusion on our part we wrongly described it as Kazakhstan-focused and a FTSE 250 company. What we should have said was that Polymetal is Russian-focused and a member of the FTSE 100. Sorry.
Global business sentiment hits post-crisis low November 11, 2012 WORLDWIDE business sentiment has fallen to its lowest level since the height of the 2008-9 recession. A survey of more than 11,000 companies worldwide revealed optimism dropped to the lowest point since global data began being collected in October 2009. The Markit Global Business Outlook Survey that although the percentage of companies expecting their business [...]
Analysts expect statistics will show inflation rose in October November 11, 2012 INFLATION jolted back up in October, analysts predicted over the weekend, rising above the Bank of England’s target. A one-off hike in tuition fees, combined with air fare increases – typically volatile – and steadily rising food prices will drive inflation on the consumer price index (CPI) above September’s 2.2 per cent, analysts forecast. “Tuesday’s [...]
Chinese Bank boss Xiaochuan says Yuan close to equilibrium November 11, 2012 THE CHINESE currency is priced roughly the same as it would be if traded completely freely, People’s Bank of China governor Zhou Xiaochuan said yesterday, hitting back at US critics who say the country is distorting trade patterns. Though Beijing still exerts a degree of control over the currency, it told Chinese magazine Caixin that [...]
