Aim delistings in September fall October 11, 2009 Aim delistings for September hit an 18-month low yesterday, in the latest sign that the worst of the downturn has passed. Just 15 companies delisted last month, the lowest amount since March last year, data from City law firm Trowers & Hamlins LLP and accountants UHY Hacker Young will show today. The total number of [...]
Crawford set for return October 11, 2009 ROLLY Crawford, tipped to take over from Stefan Allesch-Taylor as chief executive of investment bank Fairfax, is one of the best-known names in the City, though for some of the wrong reasons. The former head of investment trusts at stockbroker Collins Stewart, Crawford was one of four senior City figures who were implicated in the [...]
SKY SONGS LAUNCHES October 11, 2009 BSkyB is set to launch Sky Songs, a digital music service it hopes will challenge Apple’s iTunes and Spotify. BSkyB, headed by Jeremy Darroch, (above) said yesterday the service, which will go live on 19 October, offers users unlimited streaming, plus download-to-own tracks and albums from £6.49 a month. Music from all four major music [...]
Turner now in energy plan October 11, 2009 LORDADAIR TURNER, chairman of the Financial Services Authority (FSA), will today unveil a massive shake up in the renewable and nuclear energy industries. In a report from the Government’s Committee on Climate Change, which Lord Turner heads, guidelines to force action on climate change targets will be made, including a plan to directly intervene in [...]
We can not continue deriding financial services October 11, 2009 Behind the political rhetoric there is real work to do. Big beasts like Vince Cable, Lord Mandelson and Ken Clarke have been in the City eye over the last weeks as we took a team to each of the party conferences to find out what they are really thinking. In a time of anonymous public [...]
GREENGREENBACKS October 11, 2009 Billionaire George Soros has promised to invest $1 bn (£626m) in clean energy technology as part of an effort to combat climate change. The Hungarian-born US investor also announced he would form and fund a new climate policy initiative with $10 million a year for 10 years.
Russia’s economy set to shrink October 11, 2009 President Dmitry Medvedev has warned that Russia’s economy will shrink by 7.5 per cent in 2009, but said intervention by the Kremlin had prevented a worse decline. The country, which relies massively on oil exports, has been hit by the massive slump in energy prices. Medvedev said his government had been surprised by the severity [...]
Gatwick sale steps up a gear October 11, 2009 BAA is edging closer to a sale of Gatwick airport, a week before the airport owner goes to the Competition Appeals Tribunal. Joint venture group Global Infrastructure Partners (GIP) is lined up to be the buyer, after other bidders dropped out of the race earlier this year. BAA is challenging a ruling from the competition [...]
Airlines agree to new green rule October 11, 2009 The world's airlines have agreed to new fuel efficiency and carbon emission targets which go much further than the levels required through regulation, an industry group said this weekend at a meeting in Montreal. The International Air Transport Association (IATA), which represents 230 airlines, said that carriers, airports and aerospace firms had pledged to improve [...]
Rollercoaster ride for gold seen ahead October 11, 2009 GOLD has stormed higher over the past week or so to hit new highs as the US dollar came under severe pressure and inflation fears rose. But with the precious metal still above the $1,000 mark, gold bugs and bears alike are asking how much higher it can go. Spot gold reached a record $1,061.20 [...]
