FTSE closes up but US uncertainty weighs on Wall Street December 9, 2010 LONDON’S FTSE 100 closed above 5,800 today for only the second time in almost a month, pushed up by financial services firms. Barclays, RBS and the Prudential were among the biggest gainers, while energy firm BG also rose more than three per cent and services firms Serco and BT also made the top ten. HSBC [...]
Virgin rolls out fastest broadband December 8, 2010 Virgin Media has started selling its new 100mbps broadband service. Customers in some locations can now sign up to the superfast service for £35 a month. Virgin says the service should be available across its network by mid 2012. It added that the service has the potential to carry speeds of up to 400mbps in [...]
Candover to sell CPL to its management December 6, 2010 CANDOVER Investments will spin off its private equity management arm to a group of its directors as part of its wider plan to wind down the firm. It will offload Candover Partners Limited (CPL) to new entity Arle Capital Partners, an investment advisory firm set up by the group of its executives, for a nominal [...]
Hunt unveils broadband plan December 6, 2010 BRITAIN should have a digital hub in every community to help it build Europe’s best broadband network by 2015, which could create up to 600,000 new jobs and add £18bn to GDP, the government said yesterday. Culture ministers Jeremy Hunt and Ed Vaizey, announcing an extra £50m for broadband pilots in remote and rural areas, [...]
CITY MOVES | WHO’S SWITCHING JOBS December 5, 2010 Linklaters Linklaters, the global law firm, has appointed Anne Byrne as UK head of real estate, based in London. Byrne, a partner since 2001, previously worked for Capital Shopping Centres and ProLogis and recently acted for UBS on its new European headquarters building at Broadgate. Linklaters also hired Yves Moreau as the global head of [...]
BT retail chief joins the board at British Airways December 2, 2010 BT’S head of retail Gavin Patterson is to join the board of British Airways (BA). Patterson, who also has a place on the BT Group board, resigned as a director of Johnston Press last year. BA sales and marketing director Andrew Crawley, who was acquitted during the collapsed price fixing case in May, has been [...]
UK superfast broadband take-up lags December 1, 2010 THE UK has the worst take-up of superfast broadband of any major developed nation, new research by the communications watchdog has revealed. Just 0.2 per cent of people in the UK have access to broadband speeds of 30Mbits a second or higher. This compares to 34.4 per cent of people in Japan, 12 per cent [...]
Flybe listing to take off in December November 30, 2010 REGIONAL airline Flybe yesterday announced plans to list in London in December in a bid to raise £60m. The initial public offering (IPO) would value the budget carrier, Europe’s largest regional airline, at about £240m and marks another stride in its ambitious growth strategy. “We are delighted to bring Flybe to the market. The company [...]
THE TIPSTER November 28, 2010 THE US is back in play now that the Thanksgiving holiday is over. The Dow Jones index has been dragged lower by weak European indices, but American investors usually don’t like being led astray by other indices. Monday could well bring a renewed bout of bullishness. Capital Spreads quotes 11,075-11,077 for the Wall Street index (the [...]
There is no folly in eating here November 22, 2010 The Folly 41 Gracechurch Street, EC3V 0BT Tel: 0845 468 0102 FOOD SERVICE ATMOSPHERE Cost per person without wine: £20 THE City, it appears, has been truly starved of a good, affordable restaurant/bar with funky design (yes, funky, rather than drab, formal, sticky or cafe-style). Because from the moment the Folly, the enormous, windowy multi-story [...]