Kada Technology unveils listing on Aim as China looks to London July 1, 2012 KADA Technology is this morning due to announce its intention to float on London’s Alternative Investment Market (Aim), making it the second Chinese company in a week to unveil a UK listing. The eight-year-old business, which provides components and devices for consumer electronics and the IT industry, is heading for a market capitalisation of £100m. [...]
CITY MOVES WHO’S SWITCHING JOBS July 1, 2012 Ogier The legal and fiduciary services group has appointed Aaron Le Cornu as group chief operating officer. Le Cornu joined Ogier in 2009 as group finance director, having spent the previous 10 years at HSBC. Additionally, Jamie Bore has been promoted to group financial director. He joined Ogier in 2009, and previously worked at IFG [...]
NEED TO KNOW | AREA INSIGHT June 28, 2012 TRANSPORT Guildford is located within easy commuting distance of London but sits next to the rolling countryside so many City workers crave at the weekend. Guildford mainline station offers a frequent train service to London Waterloo taking approximately 35 minutes. A season ticket will cost £890 for three months or just over £3,000 for a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 27, 2012 FINANCIAL TIMES Hague presses for audit on EU law William Hague, the foreign secretary, wants to launch a comprehensive audit of the impact of European Union law on Britain this summer, an exercise that could fuel a Conservative drive to repatriate powers from Brussels. 4,000 firms under tax investigation More than 4,000 companies are under [...]
A token solution to a seventeenth century dilemma June 27, 2012 IF TODAY was a morning in London 350 years ago, and you wanted to catch up on the latest news, market information and gossip, rather than picking up a copy of City A.M. you would have gone to a coffee shop. In coffee shops you would find the latest pamphlets and printed news, and met [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 26, 2012 FINANCIAL TIMES Global role for Citi’s Asia consumer head Citigroup has underlined Asia’s growing importance to the bank by naming its consumer banking head in Hong Kong as global head of retail banking, according to an internal email seen by the Financial Times. Jonathan Larsen has been given the task of bringing all of Citi’s [...]
WHO’S SWITCHING JOBS June 25, 2012 Edison Investment Research The investment research firm has made three appointments to its London team. Tom Carless joins as finance and operations director from 7city, a specialist financial training firm. He spent five years as finance director at Ovum. Additionally, Will Forbes and Zsolt Mester join Edison’s team of analysts, from Arc Asset Management and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 24, 2012 FINANCIAL TIMES MPC member wants £50bn easing The Bank of England needs to pump at least another £50bn into Britain’s “stalled” economy, says David Miles of its interest rate-setting committee, warning that only a “substantial” third round of emergency bond-buying will kick-start recovery. Bank chiefs enjoy double-digit pay rises Top US and European bankers, including [...]
Fairy Fox float to hit London this summer June 24, 2012 FAIRY Fox, the Chinese high-street clothing brand, has turned its eyes to the west and plans to list on London’s Alternative Investment Market (AIM) as soon as late July. “AIM is particularly suitable for where Fairy Fox is in its life cycle at the moment and its current projection of growth,” a spokesperson for the [...]
Severn Trent to target bonds at retail investors June 21, 2012 INDIVIDUAL investors will have the chance to buy bonds from FTSE 100 utilities firm Severn Trent, the company announced yesterday. The company hopes to raise up to £100m from the scheme, which will offer individuals a return of 1.9 per cent above retail price inflation (RPI) over the next 10 years. “There’s a lot of [...]