Row breaks out over Open course as big names wobble July 18, 2013 GOVERNING body the R&A last night hit back at suggestions that Muirfield is unnecessarily difficult after stars Ian Poulter and Phil Mickelson criticised the Open course following an eventful first round. Ryder Cup hero Poulter offered the most stinging views, calling pin positioning “a joke”, while four-time Major winner Mickelson called on the R&A to [...]
Russian revenues boost ITE July 16, 2013 Corporate event manager ITE Group said yesterday that its third quarter revenue rose 25 per cent, helped by contributions from the biennial Moscow International Oil & Gas exhibition and revenue from the acquisition of an event organiser in Malaysia. The British company, which organises around 200 trade exhibitions and conferences each year in 14 countries, [...]
Our current membership of the EU is stifling British dreams of free trade June 29, 2013 CHAMPIONING transatlantic free trade at last week’s G8 summit, David Cameron saw off a rearguard action from European governments desperate to cocoon Mediterranean farmers and French film-makers from competition. Tory veteran Ken Clarke claims British dreams of free trade can only be realised through the EU. In reality, the EU’s ebbing value as a free [...]
Lord Browne to advise $20bn oil and gas fund June 18, 2013 LORD Browne, the former boss of oil giant BP, has joined forces with Russia’s Alfa Group to advise the company on a new $20bn (£12.7bn) global oil and gas fund. The fund, known as the L1 Energy Fund, will be seeded with the proceeds of Alfa’s sale of its stake of TNK-BP, which netted it [...]
Russian and Kazakh firms set for relegation from FTSE 100 | City A.M. June 10, 2013 ALL THE Russian and Kazakhstan-based firms listed on the London Stock Exchange are expected to leave the top FTSE 100 index in the coming months in a stunning reversal from the tide of eastern giants entering the blue chip London market in recent years. Mining firms Polymetal and Evraz are widely expected to fall out [...]
Migration rules pose threat to City April 19, 2013 London depends on its ability to attract the very best talent ACCA COMMENT FOOTBALL has few similarities to the finance profession. But they are similar when it comes to the need to attract the best talent to London and the UK. The future of London as a global financial centre has been a topic of [...]
UK branches of Cypriot banks reassure savers March 29, 2013 CYPRIOT banks with British operations reassured customers yesterday that their deposits were safe, with at least some savings covered under guarantee schemes. The Bank of Cyprus UK, which has three branches in London and another in Birmingham, said there would be “no effect on deposits” for its UK account holders, describing itself as a “separately [...]
Ecclestone wants three extra Formula One races to create a bigger season from 2014 March 8, 2013 EXCLUSIVE FORMULA One chief Bernie Ecclestone wants to push the sport’s season beyond its current 20-race limit, by adding three new events that could include an eye-catching street race through New Jersey. The new F1 season, starting next week, only has 19 races confirmed, with Ecclestone admitting that a 20th race has not been found. [...]
Shrinking populations will force nations to compete harder March 2, 2013 In the long run, Keynes used to say, we are all dead, meaning that we should care about fixing today’s problems regardless of any side-effects temporary solutions – such as increased borrowing – might eventually saddle us with. Like many of Keynes’ other soundbites, this one feels clever and self-evidently true – but in fact [...]
CRH chief steps down as it eyes growth in US February 26, 2013 BUILDING materials group CRH said yesterday that its chief executive is to stand down, as the construction company looks towards growth in North America. Myles Lee will retire from the FTSE firm at the end of this year in a widely-expected move, following a five-year tenure. CRH said yesterday that the outlook for the US [...]