Walker Greenbank profit in China June 22, 2011 Upmarket wallpaper seller Walker Greenbank has seen an eight per cent rise in underlying revenues in the first four months of the year. The luxury furnishings group, whose brands include Sanderson and Morris & Co, reported a hike of 13 per cent in international sales, with the highest demand in Russia and China.
ANALYST OF THE YEAR June 22, 2011 IT TAKES strong-minded individuals with deep knowledge of the sectors they cover to make calls that challenge popular thinking, but the five thinkers on CITY A.M.’s shortlist for Analyst of the Year have won respect for going against the grain – whether being sane on the Glencore IPO or criticising the Bank of England’s interest [...]
BORIS BROTHER PLOTS HIS PASSAGE TO INDIA June 21, 2011 FOR ONCE, Boris Johnson wasn’t the centre of attention. Instead, his brother Jo Johnson MP took the spotlight at the Number 11 Downing Street reception to launch Reconnecting Britain and India, the book of essays Johnson co-edited with the Indian Chambers of Commerce secretary general Dr Rajiv Kumar. Rachel Johnson, editor of The Lady, was [...]
INVESTMENT BANK OF THE YEAR | The Shortlist day 3 June 21, 2011 This hasn’t been the easiest of times for investment banks but there are signs that deal activity, at least, is picking up to more normal levels. We have chosen JP Morgan because, as ever, it has shown itself to be strongly placed in most markets. Bank of America Merrill Lynch is something of a recovery [...]
CITY MOVES | WHO’S SWITCHING JOBS June 21, 2011 Linklaters The law firm has appointed Michael Cutting as global head of competition and Sir Christopher Bellamy (pictured) as chairman of the practice, both effective from 1 July. Cutting, who has been a partner at the firm since 2005, specialises in banking, energy and utilities competition law, and takes over from Gerwin Van Gerven, who [...]
Investors flock to cheap Russian IPO June 20, 2011 RUSSIAN port operator Global Ports has received enough orders for 75 per cent of the shares it plans to offer in its up to $572m (£355m) London listing. The container terminal operator, a unit of Russian freight group N-Trans, began a roadshow to drum up interest in the company amongst investors just three days ago. [...]
Boeing admits end of duopoly in sight June 20, 2011 BOEING has admitted that its dominance over the market for large commercial aircraft it has shared with its rival Airbus will soon come to an end. Speaking at the Paris Air Show yesterday, Jim Albaugh, head of Boeing’s civil jet division said: “the days of the duopoly with Airbus are over” as emerging global competition [...]
Business weighs risks of Russian investment June 19, 2011 AS the St Petersburg International Economic Forum wrapped up over the weekend, the business leaders and investors who flew into Russia to see President Dmitry Medvedev outline his vision for attracting foreign investment into the resource rich former super power were hopeful that reform is finally on the way, but sceptical that the Russian leadership [...]
GB slip to fourth despite Thomas win June 19, 2011 GREAT BRITAIN’s Charlene Thomas claimed a surprise win in the 1500m on the final day of the European Team Championships in Stockholm. Andy Turner also triumphed in the 110m hurdles, continuing his superb season despite rain and blustery conditions. However, Team GB slipped out of the top three after a disaster in the men’s 4x400m [...]
Dudley: BP committed to Russian joint venture June 17, 2011 Oil major BP remains committed to its Russian joint venture TNK-BP, chief executive Bob Dudley has said. Dudley also said that BP was looking at cooperation with state-controlled oil major Rosneft outside Russia, after the co-owners of TNK-BP blocked a deal to search for oil in the Russian Arctic and do a $16bn (£9.9bn) share [...]