What the other papers say this morning September 6, 2012 FINANCIAL TIMES Investment banks eye Europe job cuts Big investment banks in Europe, including Nomura, Credit Suisse and UBS, are stepping up plans to cut jobs as they seek to adapt to a drastic slowdown in revenues and tighter regulation. Bank executives, headhunters and analysts say that the cuts are shaping up as the deepest [...]
Car sales flat ahead of vital plate change September 6, 2012 NEW CAR registrations crept up in August, just ahead of the September arrival of the new “62” plate, the Society of Motor Manufacturers and Traders (SMMT) said yesterday. Registrations inched up 0.1 per cent on last year, reaching a total of 59,433 for the month, meaning that 40,000 more cars were sold in the first [...]
Shares plunge at May Gurney after warning September 6, 2012 SHARES in construction firm May Gurney plunged by 41 per cent yesterday, as the firm issued a profit warning. May Gurney’s chief executive, Phillip Fellowes-Prynne, also announced he was leaving with immediate effect, after spending four years with the firm. Willie MacDiarmid, currently non-executive director, will assume the role of chief executive officer in the [...]
Manufacturing slump weighs on US recovery September 4, 2012 US MANUFACTURING’S performance worsened in August, according to two prominent surveys of the sector released yesterday. ISM’s purchasing managers’ index (PMI) was down 0.2 at 49.6 – 50 indicates no change – suggesting that decline was speeding up slightly. The drop in the index was driven by a large fall in production, which contracted for [...]
What the other papers say this morning August 27, 2012 FINANCIAL TIMES Ryanair seeks rivals’ help in bid Ryanair is seeking regulatory approval for its proposed takeover of Aer Lingus by asking at least six airlines to operate alternative services on some of the Irish flag carrier’s routes. Ryanair has approached competitors, asking them to consider providing competition on routes to and from Dublin. Aviva [...]
The car in front is a… What? A Kia? August 21, 2012 The car market used to be so much easier to understand. You used to be able to make a brand table that looked like a ladder, with value brands at the bottom and premium brands at the top. As a manufacturer you either made a lot of cars and sold them for less profit per [...]
Car talk August 21, 2012 Want one of these? Don’t hold your breath This unusual-looking beast is a one-off supercar built by McLaren Special Operations (MSO), the bespoke division within McLaren Automotive. Called the McLaren X-1 it is based on the company’s carbon MonoCell structure and has a unique, bespoke “timeless” and “classically elegant” body. It took two and a [...]
PERSONALITY OF THE YEAR July 29, 2012 TODAY we kick off the countdown to the City A.M. Awards with the first of the shortlists – for Personality of the Year. Our awards, now in their third year, have established themselves as a key part of the business calendar, celebrating all of the City’s main sectors and the people that make sure London [...]
US corporate results round-up July 25, 2012 Boeing revenues up PLANE-MAKING giant Boeing weathered cuts in US defence spending and higher pension costs as it said yesterday that revenue rose 21 per cent and quarterly profits were up three per cent. Commercial unit sales that rose 34 per cent to $11.8bn and defence sales that rose seven per cent buoyed profits as [...]
WALL ST THE WEEK AHEAD July 22, 2012 THE trend of better-than-expected earnings will be put to the test this week when investors hope Apple can exceed already high expectations and Facebook reports its first quarterly earnings. Apple accounts for a significant proportion of the overall earnings of Standard & Poor’s 500 components. S&P 500 earnings are expected to show a rise of [...]