LONDON WEEK AHEAD August 5, 2012 UK economics will be in the sspotlight this week, with the rrelease of the Bank of England inflation report, UK Trade Balance, the Producer Price Index and BRC Retail Sales Monitor. Results are expected today from Catlin Group, Morgan Sindall and Telecity Group, while in the US Chesapeake Energy is set to reveal figures. EasyJet [...]
Alliance Trust takes on £1.2bn of Aviva’s assets along with staff August 2, 2012 ALLIANCE Trust, one of Britain’s largest investment trusts, has signed a deal to acquire a portfolio of “socially responsible” funds from insurance group Aviva as it moves ahead with an overhaul of its businesses. Alliance Trust said yesterday its Alliance Trust Investments unit will pay £1m to take on £1.2bn of assets in Aviva Investors [...]
CITY VIEWS | HAVE YOU HAD ANY TRANSPORT TROUBLES DURING THE OLYMPICS? July 31, 2012 AHMED PATHAK AVIVA There were no problems for getting in to work today. It seems my colleagues have been prepared for the Olympics for a while now and are using their common sense to get around the hotspots along the Central Line by using other stations. JAMES MACKIE XCHANGING My commute to work was fine; [...]
HELICAL BAR SUBMITS PLANS FOR WHITE CITY July 24, 2012 HELICAL Bar said yesterday it has submitted plans to build 1,150 homes as part of a giant 12-acre residential-led development in White City, west London. The site, known as Brickfields, is being built in partnership with Aviva Investors and is expected to be worth £750m.
Idowu troubled by BOA’s public injury enquiry July 24, 2012 LONDON 2012 medal hopeful Phillips Idowu is “incredibly disappointed” with the British Olympic Association over the organisation’s decision to make public their request to see his medical records. The triple jumper’s preparations for the Olympics have been an exceptionally frustrating experience during which a foot injury sustained early last month was followed by a hip [...]
FTSE 100 falters as markets wait-and-see July 24, 2012 Britain’s top shares index was a touch lower on Tuesday after sharp falls in the previous session with volumes low. At midday British time, the FTSE 100 was down 0.1 per cent at 5,526.80 points, having slumped 2.1 per cent on Monday. Investors have been concerned about the ongoing Eurozone crisis, which is now clearly [...]
CITY MOVES WHO’S SWITCHING JOBS July 22, 2012 Avocet Mining David Cather has been appointed chief executive of the West Africa-focused gold mining and exploration firm. He joined the board as chief operating officer in May 2012 from European Goldfields, where he was also chief operating officer, and replaces Brett Richards. Cather has previously held senior positions at Anglo American and De Beers. [...]
NEWS CORP INVESTORS CALL FOR NEW CHAIR July 18, 2012 EIGHTEEN investors including Aviva, F&C and the Co-op have urged News Corp to hire an independent chairman and split the role of Rupert Murdoch, who is currently both chairman and chief executive. The institutions said in an open letter to the board that the firm is “in need of independent leadership” in the wake of [...]
Brennan waives AstraZeneca bonus but leaves with millions July 16, 2012 FORMER AstraZeneca chief executive David Brennan has waived his right to a 2012 bonus and will lose out on two years’s worth of performance-related shares, the pharmaceuticals giant revealed yesterday. Brennan was one of the first scalps of this year’s so-called shareholder spring, stepping down in June after investors voiced their anger over declining share [...]
Shareholders can find a potent ally in activist funds July 15, 2012 THE so-called shareholder spring – in which shareholders have been revolting against the pay of chief executives of major corporations like Barclays, Aviva, and William Hill – is gaining momentum. And activist hedge funds, which pressure public companies to make changes to improve a company’s share price, will increasingly drive this phenomenon. Many regard hedge [...]