City Moves for 11 January 2013 | Who’s switching jobs January 10, 2013 Rathbones The investment management firm has appointed Mike Townsend as investment director. He joins from Coutts, where he was a senior private banker. Townsend has 34 years’ experience in wealth management, and is a member of the Chartered Institute for Securities and Investment. City Financial The fund management firm has appointed Mark Harris as manager [...]
ARM chip deal raises worries for Imagination January 9, 2013 THE WORTH of Imagination Technologies’ $100m (£62m) acquisition of US technology firm MIPS was thrown into doubt yesterday as one of MIPS’ biggest customers signed a deal with British microchip designer ARM Holdings. ARM announced the deal with Silicon Valley chipmaker Broadcom on Tuesday night, unveiling a tie-up that will see Broadcom use ARM’s technology [...]
Bond and The Hobbit rescue Cineworld from Olympic blues January 8, 2013 A STELLAR lineup of film releases at the end of last year rescued film theatre chain Cineworld from a subdued summer, with cinema goers spending more than ever on tickets and popcorn, despite the draw of the Olympics. The company said yesterday that revenues across the group had risen by 2.4 per cent in 2012, despite [...]
World’s electronics giants hit Las Vegas January 7, 2013 THE WORLD’S technology giants will convene in Las Vegas this week for the industry’s biggest trade event, featuring many of the gadgets that will shape the next 12 months. From tomorrow, the annual Consumer Electronics Show (CES) will see announcements from global brands such as Samsung, Sony and Panasonic, as well as displays from emerging [...]
Quiksilver appoints new chief January 3, 2013 Quiksilver, the Californian group known for its surfwear, said yesterday it has hired former Disney executive Andy Mooney as its new chief executive. Mooney will take up his role next week replacing Quicksilver co-founder Bob McKnight, who will become executive chairman. Mooney resigned as chairman of Disney’s consumer products division last year after 12 years [...]
Spend a month on the wagon as a dryathlete January 2, 2013 NOW that Movember has moved on and Stoptober has passed, Cancer Research UK is challenging thirsty City folk to go dry during January. For those who can’t quite stomach the prospect of a whole month on the wagon, a “golden pass” is a liquid lifeline which grants the bearer 24 guilt-free hours on the sauce. [...]
Knight Capital and Getco to merge making market giant December 19, 2012 KNIGHT Capital, the US market maker which nearly collapsed over the summer after a trading glitch, yesterday said it would merge with its rival Getco Holdings in a $1.8bn (£1.1bn) deal. The tie-up, which will create one of the biggest electronic market makers in the world, will see Knight shareholders receive $3.75 a share, a [...]
Buoyant central London is in an economic world of its own December 10, 2012 IF you work or live in central London, you could be forgiven for not believing that the UK remains stuck in a nasty stagnation, let alone at risk of a triple-dip recession, as Vince Cable intimated yesterday. The shops are full, the tubes jam-packed and new skyscrapers are being built; Fortnum and Mason, the department [...]
FTSE closes flat as low confidence and poor construction data bites December 4, 2012 BRITAIN’S top share index closed flat yesterday, underperforming most European bourses as a swathe of downbeat domestic data outweighed optimism about crisis-hit Spain and Greece. British construction activity shrank last month, and confidence about the next year fell to its lowest in almost four years, as the British Chamber of Commerce said that growth in [...]
Focus on: Kentish Town November 29, 2012 The area has become a popular choice for buyers wanting to be within close proximity of the Heath in Hampstead but whose budgets do not extend to the prices that properties in Hampstead command. There’s a lot to do in the area. Kentish Town has a buzzing nightlife and music scene thanks, in part, to [...]