Who’s switching jobs December 5, 2012 Royal London Kerr Luscombe has been appointed group finance and strategy director at the financial services provider. He joined in 2011 as group strategy director, and has previously worked as finance director at Scottish Widows and Clerical Medical. Westhouse Holdings Simon Pettitt has been appointed head of the stockbroker’s fixed income business. He joins from Eurodekania. [...]
Every little helps as Tesco boosts FTSE December 5, 2012 Tesco proved that every little helps by assisting the FTSE to a healthy rise in early trading. The supermarket group admitted last night that it is considering giving up on its struggling US venture, exciting investors who have grown exasperated with the company’s inability to transfer its success to the other side of the Atlantic. [...]
Boris calls for renegotiation of deal with EU December 4, 2012 BORIS Johnson yesterday called for Britain to renegotiate its relationship with the European Union, saying he wanted a new deal based solely on trade agreements that would be put to the public in a national referendum. “Boil it to down to the single market, that’s the great achievement of the European Union, I think we [...]
FTSE 100 flat on US budget uncertainty December 4, 2012 The FTSE 100 was broadly flat in early trading as uncertainty continued over the fate of US budget talks to avert January’s so-called “fiscal cliff”. The White House has dismissed a budget deal proposal from congressional Republicans that included tax reforms and spending cuts, saying it did not meet President Barack Obama’s pledge to raise [...]
Mortgage firm should use new ambitions to fund core activity December 3, 2012 SO, it looks like even the buy-to-let cash cow isn’t enough to satisfy FTSE 250 success story Paragon anymore. Paragon’s share price has been mirroring the rental market recently. Rents soared to yet another record high last month, with the average London tenant paying £1,102 a month according to LSL, while mortgage provider Paragon’s shares [...]
St Modwen hunts for a partner on Elephant and Castle scheme December 3, 2012 ST MODWEN yesterday confirmed it was searching for a development partner for the £500m Elephant and Castle shopping centre regeneration in south London. In a trading update for the year to 30 November, the developer said it has hired Colliers International to find a joint venture partner for the scheme, which is expected to provide [...]
Rapid responses December 2, 2012 New energy model [Re: Simpler energy tariffs will lead to higher bills and less competition, Thursday] It is a mistake for a prime minister to interfere in markets. Competition in the retail energy market was always a bad idea. Since the buying power of the domestic consumer is relatively small, competing for custom is correspondingly [...]
The digital printing duo with a thriving portfolio December 2, 2012 NICK and Tim Green are executive director and chief executive respectively of Tangent Communications, an alternative investment market (AIM)-listed digital printing and marketing company. They have gone against the old adage that you should never go into business with family to set up businesses that have made waves within their industries. Indeed, having made plans [...]
Popular West End lifts profits at Shaftesbury November 29, 2012 SHAFTESBURY’s fortress of West End properties helped the landlord post a glowing set of full year results yesterday, in what it called an “exceptionally” busy year for London. The FTSE 250 company’s net asset value rose by 7.6 per cent to 498p a share in the year to 30 September, driven by a boost in [...]
Train pain for season ticket commuters November 28, 2012 COMMUTERS should brace themselves for season ticket price hikes of up to six per cent in January, despite the government’s intervention to stem inflation-linked fare rises. Passengers from Canterbury will be worst hit in percentage terms, with the price of an annual season ticket to London rising 5.9 per cent to £4,860 in the new [...]