4G in the UK at month’s end after talks clear EE to launch October 3, 2012 HIGH-SPEED mobile internet will be coming to the UK at the end of the month, the country’s first 4G operator announced yesterday. EE – the owner of Orange and T-Mobile – said it will launch its new network, also called EE, on 30 October. The company has been able to launch the network after the [...]
Prospect of economic recovery in US is boosted by strong data October 3, 2012 HOPES for a sustained recovery in America were boosted by the publication of three sets of positive economic data, yesterday. The pace of growth in the US service sector picked up in September, a widely regarded business survey showed, while an ADP report said that private employers across all sectors added 162,000 jobs in the [...]
Freud enjoys record year October 3, 2012 FREUD Communications boosted profits for 2011 by 28 per cent to £7.9m, the PR agency’s Companies House filing revealed yesterday. Founder Matthew Freud took complete control of the firm in April last year and set about investing in the business, growing revenues eight per cent to £37.6m. Key contracts included the main London 2012 account, [...]
Scardino exit at Pearson sparks FT sale rumours October 3, 2012 THE FTSE 100’s first female chief executive Dame Marjorie Scardino stepped down as head of Financial Times owner Pearson yesterday, after more than 15 years in charge. Scardino, who has transformed Pearson since she took charge in 1997, will be replaced by the head of the firm’s successful education unit John Fallon. The move sparked [...]
De Beers hires new chairman October 3, 2012 DIAMOND miner De Beers said yesterday it had chosen Anglo American chief executive Cynthia Carroll as its new chairman. She replaces Nicky Oppenheimer, who stepped down in August after selling his family’s 45 per cent stake in the firm, bringing one of the world’s longest-running corporate dynasties to an end. Anglo American has historic ties [...]
Britvic-Barr merger on ice October 3, 2012 THE TWO British firms behind soft drinks Tango and Irn-Bru yesterday delayed a proposed £1.4bn merger to give both sides more time to undertake due diligence on the deal. Britvic, which also makes Robinsons fruit squash, and AG Barr, based in Scotland, asked the Takeover Panel to extend a deadline set for 5pm last night [...]
UK pushes Europe for tougher finance rules October 3, 2012 NEW TREASURY minister Greg Clark last night praised the EU’s tough new banking proposals, and demanded the authorities get even stricter on rogue financiers. But analysts warned the proposals derived from a report by Finnish central banker Errki Liikanen could drive up banks’ funding costs by splitting retail and investment operations, and push down stocks [...]
Time limitation laws to curtail number of sub-prime appeals October 3, 2012 US INVESTORS who fear they were sold dodgy mortgage-backed derivatives by banks could miss out on the chance to sue because of the statute of limitations, lawyers warned yesterday. “The suit against JP Morgan has been brought by the New York state attorney general, but many investors have sued banks in their own right,” said [...]
Former UBS exec aims to lead broker into commodities gap October 3, 2012 JOHN Wall, a former UBS investment banking boss, yesterday took charge of London-based commodities broker Marex Spectron and revealed ambitious plans to usurp investment banks’ foothold in the market. Wall, the global co-head of investment banking at UBS until his retirement in March 2011, will replace Roger Nagioff at the helm of the firm, which [...]
Export chief jumps ship to Charity Bank October 3, 2012 GOVERNMENT export finance boss Patrick Crawford yesterday announced he is leaving the department to head up the 10-year old Charity Bank. The former Deutsche Bank financier and Standard Chartered adviser and fund manager spent eight years heading UK Export Finance for the state. As lending has not fully recovered from the financial crisis, Crawford said [...]
