INVESTORS CHEER AS ESPIRIT HIRES INDITEX MAN August 7, 2012 SHARES in Hong Kong-listed Esprit soared by 28 per cent yesterday as investors cheered the appointment of an executive from rival Inditex. Struggling Esprit has lured Jose Manuel Martínez Gutiérrez – most recently group director of distribution and operations at the Spanish retail giant – as its new chief executive, effective from the end of [...]
BBA hit by fall in de-icing demand August 7, 2012 Aircraft services firm BBA Aviation yesterday posted a 15 per cent fall in interim profits, due to lower de-icing revenue. Underlying pretax profit fell to $71.7m (£45.8m) from $84.6m in 2011.
Mondi warns of Europe weakness August 7, 2012 South African paper maker Mondi revealed a 21 per cent drop in first-half earnings yesterday and warned of weak demand in Europe. Underlying operating profit fell to €269m (£214m) from €354m last year.
MGM losses smaller than forecast August 7, 2012 MGM Resorts International unveiled a smaller-than-expected quarterly loss yesterday as its revenues from operations rose in both its casinos and hotels.
Poor reception for some of the Samsung stars August 7, 2012 IT WAS the victory that saw Great Britain break its all-time record of 20 golds in a single Olympic Games, but track cyclist Laura Trott’s omnium triumph yesterday must have been celebrated with particular gusto at Samsung Towers. The electronics giant has spent megabucks on its association with London 2012, splashing out for the privilege [...]
LONDON 2012 IMAGE OF THE DAY August 7, 2012 Throughout the Olympics, City A.M. will be publishing its Olympic Image of the Day. If you have a shot you think our readers will like, please email pictures@cityam.com CHINESE hurdling favourite Liu Xiang hops down the track after falling in the first round of the men’s 110m hurdles yesterday. The athlete, who also struggled with [...]
Jess Ennis is on track for riches August 7, 2012 HE MIGHT have achieved more firsts this year than an Oxbridge college, but Bradley Wiggins is not the Team GB star tipped to benefit most from the Games. A study by Scottish Widows predicts heptathlete Jessica Ennis will gain most from sponsorship and endorsements of any British gold winners, with Wiggo second. Andy Murray is [...]
Introducing the Awards’ sponsors August 7, 2012 Lexus Lexus enjoys a global reputation for innovation, performance and the highest standards of quality, reflected in its multiple awards for customer service and satisfaction. Within the highly competitive luxury car market it has led the world in developing refined and efficient hybrid power models and has pioneered advanced technologies for exceptional safety, handling and [...]
BUSINESS OF THE YEAR August 7, 2012 OUR final shortlist for the third annual City A.M. awards is a big one – the Business of the Year. For this category we have looked for strong share price performance aligned to important strategic developments. We have chosen four established companies, along with one rising star in Ophir Energy. Ophir has been one of [...]
CITY MOVES | WHO’S SWITCHING JOBS August 7, 2012 RBS John Owen has been appointed chief executive of the bank’s international banking business. He assumes the position following Scott Barton’s decision to leave RBS at the end of August. Owen joined the bank in 2011, and has also previously held senior management roles at Credit Suisse, UBS and Bank of America. Katten Muchin Rosenman [...]
