A Bronx: take a drink on the wild side September 10, 2012 City A.M.’s resident cocktail expert EACH of New York’s five boroughs – Manhattan, the Bronx, Brooklyn, Queens and Staten Island – have a cocktail named in their honour. Although the Manhattan is the Big Apple, you would be well advised to go north of the border and check out the Bronx. At root, the Bronx [...]
Have you got a…Scents of occasion? September 10, 2012 THE BIG NIGHT OUT For those nights of drinks and dancing and general debauchery wear heavy, intoxicating scents. Spicy, musky tones offer a sense of warmth with floral notes adding a richness to the scent. Chanel Coco Noir; £106 Claiming to capturing the seduction, elegance and magnetism of the colour black, this rich scent is [...]
Fit in the city September 10, 2012 FITNESS & DIET EXPERT TRADE IN YOUR LATTE That morning latte can contain around a fifth of your total daily calorie intake. Cut back to a small skinny cappuccino, or even better, downsize to an Americano. In just 10 days you could lose a pound from dropping a large latte alone. DON’T FORGO TREATS You [...]
FTSE 100 opens flat as investors bide time September 10, 2012 The leading share index opened modestly lower this morning, as investors were cautious ahead of key Eurozone and US Federal Reserve meetings this week. A selection of miners and retailers led the index up. Specialist engineering company Lamprell added nearly five per cent in early deals on news that it signed a joint venture deal [...]
Japan Airlines sets IPO at £5.3bn September 10, 2012 Japan Airlines’ 663bn yen (£5.29bn) initial public offering (IPO) is set to be the second-biggest IPO this year after Facebook. The airline, which went bankrupt in 2010 but has since returned to profit, set the IPO price at 3,790 yen per share this morning. The shares will begin trading in Tokyo on 19 September. In [...]
Business optimism at 20-year low September 10, 2012 Confidence among businesses slumped to a 20-year low in August, according to a survey by accountancy group BDO. The group’s optimism index fell for the sixth consecutive month to 89.1 in August from 93.1 in July. Figures above 95 indicate growth. The index, which measures business performance expectations two quarters ahead, follows more upbeat data [...]
BHP Billiton to close Australian mine September 10, 2012 Global miner BHP Billiton is to close one of its Australian mines as it battles weak prices and rising costs. It said today it would shut its Gregory mine, near Emerald in Australia, from 10 October, as it deemed production at the mine “no longer profitable in the current economic environment of falling prices, high [...]
Glencore lays out final bid for Xstrata September 10, 2012 Glencore laid out its revised final bid to Xstrata this morning, raising the offer but warning it will not improve it further. On Friday, the commodities giant raised the share ratio to 3.05 new Glencore shares for every Xstrata share, up from 2.8 as previously offered. Glencore also demanded that chief executive Ivan Glasenberg be [...]
Retail boss: Red tape is worse than ever September 9, 2012 THE COALITION will today announce plans to exempt hundreds of thousands of businesses from health and safety inspections, as one of the country’s leading businessmen criticised the coalition for taking too long to start tackling red tape. Justin King, chief executive of Sainsbury’s, said the coalition’s decision to focus its efforts on economic growth after [...]
Glencore confident its £34bn bid can win over Xstrata shareholders September 9, 2012 SENIOR figures at Glencore, the international trading house, were growing increasingly confident last night they could win the backing of a majority of Xstrata shareholders for their new £34bn takeover plans despite the opposition of a couple of vocal institutional holders. Detailed proposals for the takeover are expected to be revealed to the market as [...]
