City Moves | Who’s switching Jobs August 21, 2012 Chartered Institute of Internal Auditors David Lyscom has been appointed policy director of the professional membership body. He is a former UK ambassador to the Organisation for Economic Cooperation and Development (OECD), and was also previously UK ambassador to Slovakia and the International Energy Agency (IEA). He will report to Dr Ian Peters, the institute’s [...]
China rivals in bid battle for African Barrick August 16, 2012 SHARES in African Barrick Gold (ABG) jumped by eight per cent in trading yesterday on news that it could be the subject of a £1.5bn bid battle. A source close to the company said several bidders were circling the London-listed gold producer, which is 74 per cent-owned by its parent Barrick Gold, but only a [...]
House prices in Olympic slump August 16, 2012 House prices were clobbered in their biggest ever August fall, as the Olympics depressed housing market activity, said Rightmove in research published today. Prices fell 2.4 per cent, the largest fall Rightmove has ever recorded for August. Online search activity plunged during key Olympic moments such as “super Saturday” and the opening and closing ceremonies, [...]
Cineworld banking on 007 and Batman for second half growth August 16, 2012 CINEWORLD, Britain’s biggest movie theatre group, said it expects performance to pick up in the coming months as blockbusters including the new James Bond film are released. The company posted a modest rise in revenues in the first half of the year to £165m, as a five per cent hike in ticket prices offset a [...]
Big beasts of Britannia Cup take stage as rest of boats bide time August 13, 2012 WE could easily feel a bit down now that the Olympic flame has been extinguished in London, but it’s such an uplifting sight to cross the water from the mainland to Cowes on the Isle of Wight and see more than 800 boats out on the water, racing in one of the world’s largest and [...]
Red Devils fail to soar – it’s no crash but it’s still a risky result August 12, 2012 DESPITE a last-minute discount, the Glazers have got their wish with Manchester United: a high valuation and a significant windfall for the US-based family that acquired the club in 2005. As of Friday, Manchester United is worth an implied £1.43bn, making it the most valuable football team in the world. The wealthy fans known as [...]
Cowes can fill Olympics void August 12, 2012 2012 has delivered a fantastic ‘Best of British’ atmosphere over the last few months. The Queen’s Jubilee and the London Olympic Games have started the patriotic waves, and they are set to continue at Aberdeen Asset Management Cowes Week, and this time the waves are being created in The Solent. Cowes Week is as much [...]
CITY MOVES | WHO’S SWITCHING JOBS August 9, 2012 WH Ireland Richard Killingbeck has been appointed head of private wealth management at the stockbroking and wealth management firm. He joins on 18 September. Killingbeck spent over 11 years at Singer & Friedlander Investment Management, latterly as chief executive of its investment management business. He has also held senior positions at Close Brothers, where he [...]
Pixar goes Scottish in the brilliant Brave August 9, 2012 FILMS BRAVE Cert: PG **** Brave is not only Pixar’s first foray into fairytale, it’s the company’s first movie with a female lead. Set in Medieval Scotland, among roaring chieftains, sprites and fairies, Brave is cacophony of colour and sound, rendering clanland in a mosaic of gorgeous pastels. Many films are released in 3D to [...]
ANALYST VIEWS | HOW DID RIO TINTO DO AGAINST ANALYSTS’ EXPECTATIONS? August 8, 2012 JONATHAN JACKSON KILLIK & CO The shares have been weak and volatile performers this year, driven by near-term risks surrounding the outlook for global growth and higher industry costs. However, we are positive on the stock, and believe it is a highly liquid way to gain exposure to long-term emerging market growth. CAILEY BARKER NUMIS [...]