What the Foxtons man did next June 19, 2012 THE ROMANS were the first to master the art of mixing business with their all-important leisure time. Jon Hunt – the property entrepreneur who made £375m selling estate agency Foxtons in 2007 – has come up with his own concept of combining the two: an office-rental club with all the perks of a five star [...]
Singing in the City will boost charity funds June 19, 2012 The City of London will be overtaken by musicians and charity collectors as Alexandra Rose Charities, an organisation that supports smaller charities that deal with young unemployed people, celebrates its centenary tomorrow. Boris Johnson, the Mayor of London, said: “I urge everyone to enjoy the choirs, buy a rose and give generously on Alexandra Rose [...]
Evraz plans to spend $6bn to meet demand June 19, 2012 RUSSIAN steel and mining group Evraz yesterday set out plans for $6bn (£3.8bn) of capital spending through the next four years as it seeks to meet growing global demand for railways and pipelines, particularly in North America. Evraz, Russia’s largest steel producer and part-owned by billionaire Chelsea FC owner Roman Abramovich, said it plans capital [...]
WHO’S SWITCHING JOBS June 19, 2012 Houlihan Lokey The investment bank has appointed Kristian Terling as a managing director and head of Nordic coverage. He was most recently managing director and co-head of Nordic investment banking at Credit Suisse in London. Terling has also served as sector head in the corporate finance group at Handelsbanken Capital Markets, and started his career [...]
BEST of the BROKERS June 19, 2012 ITV Goldman Sachs has knocked ITV off its “conviction buy” list on the back of macro uncertainty. Recent advertising indications have been softer than expected, and ITV is down 15.1 per cent since being added to the list in April. Key risks include an ad slowdown after the Olympics. APR ENERGY UBS holds its “sell” [...]
Inflation relief helps push FTSE to its highest close in six weeks June 19, 2012 BRITAIN’S leading share index hit a six-week high yesterday on growing hopes for concerted economic stimulus measures from central banks, with a fall in UK inflation seen as increasing the chances of another Bank of England move. Consumer price inflation (CPI) eased unexpectedly in May to its lowest in two and a half years due [...]
Hopes the Federal Reserve will extend stimulus lifts US stocks June 19, 2012 US stocks rose yesterday on hopes that the Federal Reserve will agree to extend stimulus measures as the economy struggles to recover and the Eurozone’s debt crisis gets worse. The S&P 500 has gained 7.2 per cent from a five-month intraday low reached on 4 June. The benchmark index closed above its 50-day moving average [...]
Explore beyond limits: Acer sets its sights on emotional branding June 19, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 37 DAYS TO GO Q What’s your brand’s primary reason for being involved with the Games? A Acer is proud to be the world-wide computing partner of the Olympic movement. We feel we share the Olympic values, and have a deep respect for the sports and its athletes. [...]
What Britain must do to win back investors from a surging Germany June 19, 2012 BRITAIN is on the verge of losing its foreign direct investment (FDI) crown. After a 15 year record as the leading European destination, the investment tide has begun to flow away. While the UK remains Europe’s top destination for inward projects, we will lose this crown to Germany, within two years, unless action is taken. [...]
Government must stop meddling and leave pay decisions to shareholders June 19, 2012 DEMANDS for government intervention to limit executive pay are misguided. As the WPP vote against Sir Martin Sorrell’s pay and other AGMs this spring showed, shareholders can act – corporate governance is their responsibility. The only way that governments can improve corporate governance is by removing obstacles to shareholder action. Government regulation of corporate governance [...]
