City Moves | Who’s switching Jobs August 22, 2012 EDM Group Iain Ferguson has been appointed non-executive chairman of the information management services provider. He is a previous executive vice-president of Havas, the French advertising company. Ferguson was also formerly chief executive of Mission Marketing Group, where he led its independent price offering. In his new role, he will identify and execute acquisition opportunities [...]
FTSE 100 dragged down by Eurozone woes August 22, 2012 The index was dragged down in early trading, as investors fretted over renewed uncertainty surrounding the Eurozone crisis. Greek Prime Minister Antonis Samaras is due to meet with Euro Group chief Jean-Claude Juncker today to discuss the country’s austerity plans. By far the biggest faller in the index in early trading was TT Electronics, down [...]
There’s no sign of blinking yet from dealmaker Glasenberg August 21, 2012 WHEN he announced the UK’s largest ever merger in February of this year, Glencore chief executive Ivan Glasenberg did so with a massive endorsement of the industrial logic behind such a deal. Here was one of the world’s most successful commodities trading groups getting together with a massively powerful resources group in which it already [...]
Barclays looks to combine all African units August 21, 2012 BARCLAYS is considering bringing all of its African operations under one structure by the middle of next year, it said yesterday. The bank is in talks with South Africa’s third-largest bank Absa about the move, and hopes to streamline operations in the continent. Barclays bought 55.5 per cent of Absa in 2005, but it is [...]
FTSE 100 buoyed by mining and financial shares August 21, 2012 The blue chip index opened up this morning, with strong gains in heavyweight mining shares and UK financials leading the risers. Heritage Oil was up by almost 13 per cent in early trading, as investors were buoyed by news that it is to sell part of its holding in a gas block in Iraq for [...]
City Moves | Who’s switching Jobs August 20, 2012 Investor Relations Society The professional body for the investor relations profession has appointed John Gollifer as its new general manager. He succeeds Michael Mitchell, who retires at the end of 2012. Gollifer is a former head of investor relations for the Singapore Exchange, and was involved in establishing the Investor Relations Professionals Association in Singapore. [...]
FTSE 100 flat despite Lonmin losses August 20, 2012 Britain’s leading share index opened flat this morning, despite widening losses in mining shares, tracking a decline in the price of copper. Beleaguered platinum producer Lonmin continued another day of losses, with the shares down more than 3.5 per cent. The mining company today issued an ultimatum to the striking workers. Defence group Chemring was [...]
FTSE 100 flat despite Lonmin losses August 20, 2012 Britain’s leading share index opened flat this morning, despite widening losses in mining shares, tracking a decline in the price of copper. Beleaguered platinum producer Lonmin continued another day of losses, with the shares down more than 3.5 per cent. The mining company today issued an ultimatum to the striking workers. Defence group Chemring was [...]
Barclays takes PingIt to Africa August 19, 2012 Barclays is to launch an international version of its PingIt smartphone app in Kenya this week before expanding to other African countries later this year. The Pingit app allows UK users to link their mobile number to their bank account and then send cash to any other registered user using a five-digit PIN code. Barclays [...]
MPs hit back at critics of Bob Diamond report August 19, 2012 THE WAR of words between MPs and former Barclays bosses escalated yesterday as furious parliamentarians defended their report into the bank’s Libor manipulation and their criticism of Bob Diamond. Former Barclays director Sir Nigel Rudd expressed shock at the accusations that Diamond had been dishonest with the Treasury Select Committee (TSC), saying the damning report [...]