RSM Tenon tries to turn the page after dire year October 17, 2012 EMBATTLED professional services firm RSM Tenon tried to draw a line under an “unsatisfactory” year yesterday, after reporting a pre-tax loss of £101.8m. The firm said it is cutting 400 staff, more than first planned and with some compulsory redundancies, as part of its turnaround. It has overhauled its top staff this year after discovering [...]
Lender IPF close to wrapping up share buyback October 17, 2012 DOORSTEP lender International Personal Finance (IPF), which operates in Eastern Europe and Mexico, hoovered up £15m of its own shares during the third quarter, it said yesterday, in a share buyback. IPF, listed on the FTSE 250, began a £25m share buyback programme at the end of July and yesterday said 60 per cent of [...]
An evening celebrating the best of London business October 17, 2012 LAST night was an occasion to remember: City A.M.’s third annual awards celebrating the best and brightest of London’s business, financial and investment communities. Over 500 guests from 116 different firms attended the celebration, held at the Grange Hotel in St Paul’s. There was great food, music and company, as well as a rousing speech [...]
Meet our panel of City judges October 17, 2012 Allister Heath, City A.M. Allister joined City A.M. as editor in 2008. He oversees all of the content in the newspaper and also writes a daily Editor’s Letter. He is also a frequent contributor to other print and broadcast media, and is a regular guest on TV news. David Hellier, City A.M. David has been [...]
City A.M. Awards 2012 Winners October 17, 2012 City A.M.'s third annual awards celebrating the best and brightest of London's business, financial and investment communities. Over 500 guests from 116 different firms attended the celebration, held at the Grange Hotel in St Paul's. PERSONALITY OF THE YEAR Lord CoeLocog chairman Former Olympic middle distance runner and politician Lord Coe was a clear stand-out [...]
Bubbly, Boris and banter all sparkle at our 2012 awards October 17, 2012 To the Grange Hotel in the heart of St Paul’s last night for City A.M.’s third annual awards ceremony. After a day of glorious autumnal sunshine, 500 of the City’s best and brightest worked the red carpet and were greeted in the atrium of The Grange with glasses of bubbly at the champagne reception, sponsored [...]
Polymetal ups sales guidance on high output October 17, 2012 PRECIOUS metal producer Polymetal yesterday posted record gold output of 317,000 ounces, up 48 per cent year on year, revising up its full-year production guidance. For the nine months to 30 September, gold production was up 46 per cent year on year. On a quarterly basis, production increased seven per cent. The Russian producer cited [...]
Xstrata copper production dips as flagship mine suffers slump October 17, 2012 COPPER production at miner Xstrata dipped by 16 per cent year on year in the third quarter, hurt by falling production at its Collahuasi mine in Chile. Xstrata, which is currently in the final throes of a merger with commodity giant Glencore, said yesterday total production of copper fell to 187,800 tonnes over the three [...]
EU approves state funding to UK’s Green Investment Bank October 17, 2012 EU REGULATORS said yesterday they had given approval for £3bn in British state aid being used for the creation of the Green Investment Bank, which is intended to spur private investment in low-carbon projects. The Commission said in a statement an investigation found sufficient safeguards to avoid the “crowding out of private investment”, and that [...]
Shanta Gold launches $30m share placing October 17, 2012 AFRICA-focused explorer Shanta Gold yesterday unveiled an equity offering to raise $30m (£18.5m) to fund the ramp-up of operations at the Aim-listed firm’s flagship New Luika Gold Mine in Tanzania. Combined with existing cash of $3m and expected fourth quarter gold sales of $9m, the proceeds from the placing will help finalise operating costs and [...]
