FTSE spikes in afternoon trading on US December employment boost January 3, 2013 BRITAIN’S FTSE rallied in the afternoon yesterday, as encouraging economic data out of the United States provided the momentum to lift the index to fresh 17-month highs. The FTSE 100 had edged lower in morning trade, but added 0.3 per cent in 15 minutes after the release of data showing that US private-sector employers added [...]
Sun European takes a shine to packaging January 2, 2013 SUN EUROPEAN Partners has snapped up two packaging companies including Lincolnshire-based Paragon Print & Packaging in a £400m spending spree. Sun European, an arm of US private equity firm Sun Capital, yesterday said it had bought a 49 per cent stake in Paragon from Equistone and LDC for an undisclosed sum. Sun European also completed [...]
Rapid responses January 2, 2013 Groundhog year [Re: 2013 will prove the power of global events to shape our economic lives, yesterday] Mark Malloch Brown’s concerns about the Asia Pacific in 2013 are essential reading. As he correctly points out, problems in the Eurozone and the continuation of political impasse in the US have been priced into the markets. But [...]
Rail users hit by above-inflation fare increases January 1, 2013 TRAIN passengers will from today have to pay an average of 3.9 per cent more for their tickets. Commuters on some routes will be hammered by hikes of more than 10 per cent, sparking anger among campaigners and politicians over the government’s rules on setting fares. Train operators must stick to an inflation-linked cap on [...]
What the other papers say this morning December 20, 2012 FINANCIAL TIMES Trafigura earns $1bn twice in a row Trafigura, the commodities trader, earned about $1bn for the second year running in 2012, indicating that the profitability of the world’s top houses that dominate raw materials has remained high in spite of slower economic growth in China. The privately held company, based in Geneva and [...]
20 of the world’s largest donors December 20, 2012 1 BILL AND MELINDA GATES FOUNDATION US The Bill and Melinda Gates Foundation was formed in 2000 through the merger of the William H. Gates Foundation and the Gates Learning Foundation, adopting their previous agendas of improving global health and education. With offices in the US, India, China and UK, the foundation has a global [...]
The best Christmas gift can’t be found on the high street December 19, 2012 CHRISTMAS is a time of consumption and, this year, despite some conflicting statistics, central London seems heaving. The New West End company estimated that the first weekend of December saw 16 per cent more shoppers than in 2011, many from abroad. Retail sales in December are typically twice those of other months and, for many [...]
D&D owner plans a dynamic future December 17, 2012 We are building restaurants to last several business cycles… it shouldn’t matter when you build them” DES GUNEWARDENA peers into his wine glass and wrinkles his nose. The chairman and chief executive of D&D London has invited me for lunch at the Angler, the group’s new seafood restaurant at South Place Hotel in the City [...]
Steady as she goes December 17, 2012 SHARES in cruise operator Carnival are up by over 14 per cent over the last year. Its earnings conference call on Thursday will confirm that bookings have held up well. The company has also commissioned new ships, adding to its burgeoning fleet. It may not be entirely plain sailing going forward but, for now, the [...]
East India Company: The original City firm judged too big for failure December 16, 2012 FOR an institution that’s been defunct for over 150 years, the East India Company still evokes powerful reactions. This year in India, a move to liberalise the retail sector to allow investment by foreign multinationals was greeted with protests: “this is the return of the East India Company”. Meanwhile in the UK, Sanjiv Mehta has [...]