A feathered and furry flock at St. Paul’s cathedral yesterday January 16, 2013 TRACTORS, combine harvesters, chicken, sheep and other furry animals took up residence outside St. Paul’s yesterday. City workers flocked to the cathedral at lunchtime, sandwiches in hand, to get a closer look at the animals, who seemed to be munching their way through a fair few Pret scraps themselves. Plough Wednesday takes place to remind [...]
Anglo American leads FTSE 100 down January 16, 2013 Global miner Anglo American led the FTSE 100 down this morning as one of its mines was hit by a strike following yesterday’s review of its platinum operations in South Africa. Amplats, which is 80 per cent owned by parent Anglo American, yesterday said it would divest of a mine complex and close four shafts, [...]
Banks lined up on $24bn Dell buyout January 15, 2013 TALKS to take struggling personal computer manufacturer Dell private are in an advanced stage, it emerged last night, with several large banks being tapped for funds to make a bid possible. A bid led by US buyout firm Silver Lake Partners is being prepared with the blessing of Michael Dell, the company’s founder and chief [...]
RBS braced for Libor fines of up to £500m January 15, 2013 RBS is now expected to pay almost double the fine for Libor fiddling that its UK rival Barclays faced, as the bank and regulators close in on a final settlement deal. The state-backed institution is in last-minute talks to bash out a settlement, as it seeks to put the scandal behind it before its full [...]
Burberry tops FTSE 100 January 15, 2013 The leading share index was modestly higher in early deals, as Burberry was the star performer following an upbeat trading statement. The British luxury brand soared 5.2 per cent on the FTSE 100 this morning, as investors were cheered by its latest trading statement. Revenue over the third quarter jumped nine per cent, thanks to [...]
Barclays and Deutsche to cut back bonuses January 14, 2013 BANK job losses are set to be matched by tough bonus cuts as the industry seeks to keep costs under control, with Barclays and Deutsche Bank yesterday joining the long list of institutions thought to be preparing to keep a tight hold on the purse strings. Deutsche Bank is expected to cut its bonus pool [...]
Icap sells stake in post-trade firm to seven-bank consortium January 14, 2013 ICAP, the world’s largest interdealer broker, yesterday said it had sold a 12 per cent stake in post-trade processing firm Traiana to a consortium of seven banks, valuing the business at $300m (£186.5m). Under the terms of the deal, the investors – Bank of America Merrill Lynch, Barclays, Citi, Deutsche Bank, JP Morgan, Nomura and [...]
Shanks nets £750m waste deal January 14, 2013 Waste management group Shanks has won a 25-year contract with Wakefield Council worth £750m, which will see the firm build a residual waste treatment facility to process up to 230,000 tonnes a year of municipal solid waste and turn it into electricity. The contract has been funded by the UK Green Investment Bank and a [...]
FTSE falls from four-year high as analysts warn on energy shares January 14, 2013 BRITAIN’S leading shares fell yesterday after touching a 4-1/2 year high early in the session, with technical analysts noting the index could be set for a minor correction. Energy stocks, among Friday’s biggest gainers, were the main drag on blue-chip sentiment as Nomura warned that the sector was inexpensive for a reason and attractive price-to-earnings [...]
Financial shares buoy FTSE 100 January 14, 2013 The blue chip index edged up in early trading, but failed to replicate strong gains overnight in Asia. Resources and financial shares were in favour this morning, with oil and gas services provider Petrofac the top FTSE 100 riser. Eurasian Natural Resources was up 1.58 per cent, as Credit Suisse upgraded the stock from “neutral” [...]