Stena Line chief exec to retire November 21, 2012 The chief executive of Stena Line yesterday stepped down from the role after more than 10 years in charge of the ferry company. Gunnar Blomdal will leave his post on 1 January, but will remain on the board of some firms within the wider Stena Group. Carl-Johan Hagman, currently Stena Line chairman and head of [...]
EU wants regulation on shale gas November 21, 2012 EU politicians have rejected a ban on shale gas, while calling for a robust regulatory regime to address environmental and other concerns, in a series of votes yesterday in the European Parliament. Fracking, or hydraulic fracturing, involves pumping water containing chemicals into shale rock formations at high pressure. The votes rejected a call for an [...]
CORRECTION November 21, 2012 In our edition dated 21 November, we said Steve Chamberlain had been Autonomy’s chief financial officer. He was in fact vice president of finance.
Who’s switching jobs November 21, 2012 Cushman & Wakefield Robert Murphy has been appointed partner and head of City of London development in the commercial real estate service firm’s London markets team. He joins from CBRE, where he was a senior director in its central London development team. Picton Fraser D’Arcy has been appointed to the newly-created role of investment director [...]
Best of the Brokers November 21, 2012 DIRECT LINE RBC has an “outperform” rating on the newly-listed insurer with a price target of 230p. The broker sees Direct Line as well placed to use its scale to fend off price comparison sites. BRITISH LAND Morgan Stanley has upgraded the property firm’s rating to “overweight” and hiked its target from 540p to 570p. [...]
UK shares rebound led by energy rises despite thin trading volumes November 21, 2012 Shares rebounded from early falls for the second session in a row yesterday, with a rising oil price supporting energy stocks to lead British blue chips higher. The FTSE 100 index gained 3.93 points, or 0.1 per cent, to finish at 5,752.03 points in thin trade of only 85 per cent of the average 90 [...]
Wall St trades higher ahead of Thanksgiving November 21, 2012 US stocks finished modestly higher yesterday, with the S&P 500 up for a fourth session although trading volume was one of the year’s lowest on the day ahead of the Thanksgiving holiday. Investors welcomed news that a ceasefire was declared to end the flare-up in violence between Israel and the Palestinians, though the lack of [...]
There’s no third way for the City in Britain’s relationship with the EU November 21, 2012 TODAY David Cameron travels to Brussels to take part in a critical summit on the EU’s budget from 2014 to 2020. The occasion will involve more than just budget negotiations, however. This summit has implications for both the City of London and the UK’s broader position within the EU – areas where the coalition’s approach [...]
Banks are part of the solution: They’re the lifeblood of UK economic growth November 21, 2012 WHEN it comes to the economy, banks are usually seen as the problem – as the ones that got us in this mess. But banks are also part of the solution. It is not just that financial services is a major sector of the economy – one of the few sectors where the UK is [...]
Why I still support Abramovich’s rule at thriving Chelsea November 21, 2012 ROMAN Abramovich’s decision to dismiss Roberto di Matteo, barely six months after his coach won him the European Champions’ League for the first time in Chelsea’s history, has been roundly criticised by many who follow football. Commentators deplore the oligarch’s inability to settle on a manager and give his club stability. Di Matteo is the [...]
