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 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 16, 2010 FINANCIAL TIMES ABU DHABI MOVES TO SECURE FOOD SUPPLY Abu Dhabi is to make a bold foray into commodities with the establishment of a government-owned trading house aimed at securing food supplies for the import-dependent nation and capturing profit margins in metals and agriculture trading. People familiar with the plans say the company, which is [...]
BT warns Ofcom of legal challenge ahead of ruling November 16, 2010 TELECOMS giant BT has warned it could sue regulator Ofcom, after it refused to allow a rise in wholesale fees to rivals to help repair BT’s onerous pension deficit. An interim ruling in July by the regulator denied BT the opportunity to raise charges on its Openreach business, the subsidiary used by rivals to access [...]
Pensions clarity can hit investor risk perception November 14, 2010 COMPANIES which disclose pension liabilities in their accounts are increasingly taking a hit on investor perceptions, regardless of whether or not they have a pension deficit, new research has shown. Over half of finance directors surveyed in a recent PwC study on attitudes to pensions accounting said that information disclosed in their accounts gave investors [...]
FTSE 100 slips on financials’ exposure to Ireland’s debts November 11, 2010 FINANCIALS pressured Britain’s top share index yesterday as concerns over Royal Bank of Scotland’s exposure to Ireland’s debt troubles weighed on the bank, and ICAP fell after a downgrade from BofA Merrill Lynch. Weakness among financials offset gains in commodity-linked assets, which rallied after strong data from China, the world’s biggest consumer of raw materials, [...]