CMC Markets returns to a profit after difficult year for Cruddas September 16, 2012 CMC Markets, the trading platform founded by disgraced former Tory co-treasurer Peter Cruddas, has recorded its first annual profit in three years due to increased market volatility. The value of trades placed with the spread betting company rose 64 per cent in the last year according to documents filed with Companies House, leading to a [...]
Hedge funds jockey for position on Punch Taverns restructure September 16, 2012 PUB company Punch Taverns is being circled by a clutch of hedge funds as it mulls a range of capital restructuring options to stop it drowning in debt. The firm, which has announced plans to dispose of its non-core pub assets to streamline the business from 5,000 pubs to 3,000 pubs, is currently wrapping up [...]
Western Union uses football to transfer funds September 16, 2012 WESTERN Union is no stranger to moving money about, and in its new role as global partner of the UEFA Europa League, it’s planning to do so for charity every time there’s a successful pass on the pitch. The global payment services firm announced its three-year sponsorship of the league this July. Now it is [...]
Nifty fifties set to go under the hammer for children’s charities September 16, 2012 TAKE note. Fans of the industrial revolution can pick up collectible copies of the current £50 note featuring James Watt and Matthew Boulton at a special charity auction organised by the Bank of England on 26 September. The auction will be run by Spink and proceeds go to Kids Company and the British Association for [...]
Win champagne Spot the City landmark September 16, 2012 THERE are only a few weeks to go until the St John’s Ambulance flagship black-tie City quiz evening, which will be raising funds for the life-saving work of the charity. The event is a fabulous evening of champagne, fine dining and general knowledge challenges, including a threecourse dinner, created by Mossiman’s, and a selection of [...]
Lonmin rejects pay demands as talks resume September 16, 2012 LONMIN, due to resume talks this morning with strikers at its Marikana platinum mine in South Africa who rejected a pay rise offer last week, insisted yesterday it could not meet the workers’ demands but promised a new approach in labour relations. Acting chief executive Simon Scott said the deaths at the mine of protesters, [...]
Libyan president: 50 arrested over attack on the US consulate September 16, 2012 LIBYAN President Mohammed Magarief said yesterday that about 50 people have been arrested in connection with the deadly attack on the US consulate in Benghazi last week, which he said was planned by foreigners linked to al Qaeda. The attack on Tuesday in Benghazi came amid protests over a video made in the United States [...]
Chinese police clash with anti Japan protests September 16, 2012 CHINESE police used pepper spray, tear gas and water cannons to break up an anti-Japan protest in southern China yesterday as demonstrators took to the streets in scores of cities across the country in a long-running row over a group of disputed islands. The protests erupted in Beijing and many other cities on Saturday, when [...]
Real income to grow next year after long slide September 16, 2012 SLOWING inflation and rising pay growth means real incomes are set to grow in 2013 for the first time since 2009, according to a report published today by the Centre for Economics and Business Research (CEBR). However, the study also warns that this period is only a brief interlude – inflation will once again outstrip [...]
Firms claim they are held back by lack of infrastructure action September 16, 2012 BRITAIN’S transport network, energy system and water infrastructure are all likely to stagnate rather than improve, a new business survey shows today, despite the government’s claims that it wants to boost the sector. Investment in the UK may be hit as a result – the study from the CBI and KPMG shows 61 per cent [...]
