Betting on girl power July 30, 2012 WHILE Tom Daley and Pete Waterfield’s agonising failure to win a medal in yesterday’s diving left most Brits deflated, it wasn’t such bad news for everyone. Charity the Women’s Sports and Fitness Foundation have such confidence in Great Britain’s female athletes that it is predicting the Team GB women will outperform their male counterparts at [...]
LONDON 2012 IMAGE OF THE DAY July 30, 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 TOURISTS visiting London are in for a surprise when they clock Nelson’s Column in Trafalgar Square. The great Admiral has been fitted with a new hat as [...]
Ofgem rules no bar to National Grid spending July 30, 2012 NATIONAL GRID yesterday said it is going ahead with plans to invest up to £3.8bn in the UK’s energy infrastructure over the next year, despite plans from energy regulator Ofgem to limit the company’s spending in future. The company, which has been in a spat with Ofgem in recent weeks over proposals to curb bill [...]
Government has no strategy on broadband rollout, Lords claim July 30, 2012 THE GOVERNMENT lacks a clear vision on bringing high speed internet connections to the country, a damning Lords committee says today, despite the coalition having promised to make the UK’s broadband infrastructure a national priority. According to the House of Lords communications committee, the government’s broadband plans could end up being “a tremendous missed opportunity” [...]
London Mining soars on £70m royalty deal with BlackRock July 30, 2012 SHARES in Aim-listed London Mining soared yesterday after the firms said BlackRock World Mining Trust would pay it $110m (£70m) for a two per cent royalty on iron ore sales from its Marampa project in Sierra Leone. “Although the company is already funded to achieve 5m tons per annum (Mtpa) of capacity next year, the [...]
UTV appoints former Chrysalis boss Huntingford as chairman July 30, 2012 BROADCASTER UTV has ended its drawn-out search for a new chairman by appointing former Chrysalis chief executive Richard Huntingford to the role. Huntingford, who led Chrysalis for seven years until the music group’s radio arm was sold in 2007, will be tasked with stabilising the management of UTV after a bitter boardroom revolt in February [...]
CWW reshuffle from Vodafone July 30, 2012 VODAFONE has replaced top Cable & Wireless Worldwide (CWW) executives with its own following its £1bn purchase of the telecoms operator. Chief executive Gavin Darby has stepped down, with the head of Vodafone’s global enterprise division Nick Jeffery taking over. Darby will stay at CWW until October as Vodafone integrates the two firms’ technologies. Vodafone completed [...]
Web boss out of Ladbrokes July 30, 2012 LADBROKES has fired its head of digital operations, as delays to the bookie’s website revamp are set to lead to it reporting its worst online performance since 2004. The dismissal of Richard Ames, who had been in the job for just a year, is the latest setback for Ladbrokes, which has struggled to match rivals [...]
ADVISERS GOLDMAN SACHS July 30, 2012 London Mining was advised on the royalty transaction by Goldman Sachs, while Standard Chartered was lead adviser on the debt finance component of the planned expansion of its Marampa mine. Goldman is no stranger to mining deals, and has a long pedigree of involvement in the sector, including its ongoing role advising Xstrata on its [...]
Rio holds onto Ivanhoe stake July 30, 2012 Rio Tinto said yesterday it had paid about $935m for 133.6m shares of Ivanhoe Mines, or 51 per cent of the stock the Canadian miner put up in a shareholder rights offering. The purchase allows Anglo-Australian mining giant Rio to maintain its 51 per cent ownership stake in Ivanhoe, which is developing the massive Oyu [...]
