Why one bank is pretty optimistic about Carlsberg December 4, 2013 Things haven't been all plain sailing for Carlsberg recently, but a re-focus and careful cost savings mean it's still a top pick, according to Bank of America Merrill Lynch (BoAML). In mid-November, the world's fourth largest brewer reported third quarter results that were dragged down by falling sales in Russia – its largest market, which [...]
England could face Brazil and Dutch in World Cup nightmare December 3, 2013 ENGLAND’S World Cup hopes suffered a setback last night when it emerged they could be plunged into a group with two top 10 teams when the draw is made on Friday. The worst-case scenario would see them drawn with Brazil, Holland and the USA – all ranked in world governing body Fifa’s top 14 countries. [...]
ITE Group beats expectations as profit takes off in new markets December 3, 2013 EXHIBITIONS organiser ITE Group yesterday reported that its full-year profit beat expectations, helped by contributions from acquisitions and a jump in third-quarter revenue. ITE’s profits rose 8.3 per cent to £43.9m as the company expands in developing markets. “The group has now firmly established itself in the Asian exhibition markets through its investments in ABEC [...]
What the other papers say this morning – 02 December 2013 December 1, 2013 FINANCIAL TIMES Mass demonstrations shake Kiev Viktor Yanukovich, Ukraine’s president, was under escalating pressure on Sunday night as hundreds of thousands of protesters poured onto the streets of Kiev demanding the overthrow of his government, after it sought to strengthen relations with Russia at the expense of the EU. With the number of protesters estimated [...]
It’s a tough job but someone has got to do it December 1, 2013 The new boss of recruiter SThree tells Marion Dakers how his diverse business is navigating through the economic recovery AS THE festive party season rolls around again, staff at SThree will be looking forward to the office get-together more than most. Over the last few years, the white-collar recruiter has used its annual bash in [...]
Petrochina buys 25 per cent of Exxon’s interests in Iraq field November 28, 2013 PETROCHINA has bought a 25 per cent stake in the West Qurna-1 oilfield project from Exxon Mobil, strengthening China’s hold on Iraq’s energy resources. China is already the top foreign player in Iraq’s oilfields, which are the largest in the Middle East open to foreign investment. Iraq said in August that Exxon Mobil was selling [...]
London property flotation gets a boost from Dubai’s Expo win November 27, 2013 THE PLANNED London flotation of Damac, the Dubai-based property group, received a boost last night when Dubai was chosen as the venue for Expo 2020, beating off stiff competition from cities in Brazil, Turkey and Russia. Potential investors in the upcoming float had asked for the bookbuilding process, which should have closed on Tuesday evening, [...]
City Moves for 28 November 2013 | Who’s switching jobs November 27, 2013 Harrington Cooper The fund distribution firm has appointed Henry Foster as sales manager in its discretionary sales team. He joins from Neptune Investment Management. Foster has also held roles at Citigroup Asset Management and Western Asset Management. MassMutual Gary Smith has been appointed head of sovereign wealth funds and official institutions for MassMutual’s asset management [...]
Dubai property group’s £1.6bn London flotation is delayed November 26, 2013 BANKS advising Damac, the Dubai-based property group, on its London flotation last night went back on plans to price the shares. The decision came after some investors said they wanted to know whether Dubai would be the venue for Expo 2020, which will be announced today. Advisers said there was sufficient demand to go ahead [...]
Advertising giants appeal to EU regulators to grant merger November 26, 2013 Advertising companies Omnicom and Publicis have urged European Union (EU) regulators to approve their $31bn (£22bn) merger. Omnicom and Publicis are the world's second and third largest advertising firms respectively, as such they will need to clear the hurdles of EU antitrust laws before proceeding with the deal. The merger agreed in July has been [...]