City Moves for 01 November 2013 | Who’s switching jobs October 31, 2013 Legal & General Property The property business has announced the appointment of Imogen Ebbs as a senior asset manager to support its limited price inflation income property fund. She was most recently at Lloyds Banking Group, where she was an associate director in its property solutions division. Baker Tilly The accountancy firm has recruited Winn Faria [...]
England’s World Cup future to be safeguarded by Platini’s proposal October 28, 2013 ENGLAND’S hopes of qualifying for future World Cups will not be hindered by plans from world governing body Fifa to increase the number of African and Asian participants, if Uefa president Michel Platini’s counter-proposal to expand the competition from 32 to 40 teams from 2018 takes off. Fifa president Sepp Blatter said last week Africa [...]
Russian miner Alrosa raises £810m in float October 28, 2013 RUSSIAN state-owned diamond miner Alrosa yesterday raised $1.3bn (£810m) through a public offering in Moscow, with shares sold at the bottom of the price range. Russian federal and regional governments together sold a 14 per cent stake in the miner and an Alrosa subsidiary sold two per cent to repay existing debt. The share sale [...]
Luxury demand helps Inchcape drive sales October 24, 2013 MULTINATIONAL car dealer Inchcape has reported a seven per cent rise in third quarter sales on the back of robust demand for premium and luxury vehicles. The firm, which sells and distributes cars for manufacturers such as Toyota, Mercedes-Benz and BMW in 26 countries, yesterday said revenues rose to £1.63bn in the three months to [...]
Focus on… Mayfair: The playground of the international super-rich October 24, 2013 IF YOU grew up in Britain, chances are you’ll know Mayfair is the most expensive property in Monopoly. In the classic game, buying the dark blue street sets you back an astronomical… £400. These days you’ll do well to buy a square centimetre in Mayfair with that kind of money. The area’s grand regency mansions [...]
Analyst Views: What was your reaction to Asos’s Full-year results? October 23, 2013 WAYNE BROWN CANACCORD GENUITY “What makes this result even more commendable is that the pre-tax profit of £54.67m is depressed by £6m of start-up losses in China. Stripping this out shows that Asos delivered a 36.5 per cent increase versus the 23 per cent profit announced. We are encouraged by comments that the current year [...]
Champions League: Toure rage as City Euro win is tainted by racist chants October 23, 2013 CSKA MOSCOW 1 vs MANCHESTER CITY 2 MANCHESTER City captain Yaya Toure urged European chiefs to throw the book at CSKA Moscow last night after he complained of racist abuse from the stands in yesterday’s Champions League victory in Russia. Two poacher’s finishes from Sergio Aguero, which took the Argentina striker’s tally to eight in [...]
Russia’s Tinkov sees London listing of TCS price at top end October 22, 2013 RUSSIAN entrepreneur Oleg Tinkov’s consumer credit firm TCS priced its London listing at the top of a target range yesterday, with shares gaining five per cent on debut as investors bet on its ability to capitalise on households’ growing appetite for debt. TCS Holding Group, owner of Tinkoff Credit Systems, has challenged state-controlled banks and [...]
Russia cheers China deals October 22, 2013 RUSSIAN energy companies signed a slew of deals with China yesterday, seeking to lock in sales to fund costly production and pipeline projects that will direct exports away from Europe to Asia. The agreements, announced during a visit by Prime Minister Dmitry Medvedev to Beijing, brought Igor Sechin, chief executive of state oil major Rosneft, [...]
Floods hit Petropavlovsk output October 22, 2013 Gold miner Petropavlovsk yesterday said it produced 204,400oz of gold in the third quarter within full-year cost guidance, despite severe rain and widespread flooding in the Amur region of Russia where many of its assets lie. “We continued to produce high volumes of gold despite atrocious weather conditions and unprecedented flooding at our mines,” said [...]