Swiss Re replaces finance boss February 20, 2014 REINSURANCE giant Swiss Re has exceeded analyst expectations and posted strong results for 2013. The group yesterday reported a 34 per cent increase in net profit in the fourth quarter of the year to $1.2bn (£720m), up from $795m in the previous year. Alongside its results, Swiss Re also announced the appointment of its new [...]
Snoozebox starts to stir from its slumber February 20, 2014 SNOOZEBOX, the pop-up hotel provider which trades under the stock market ticker ZZZ, yesterday said revenues had recovered substantially after it briefly flirted with bankruptcy last year. The business, which will be running its hotels at this year’s Glastonbury music festival, said revenues grew 80 per cent to around £6.5m for the year ending December [...]
Vampire films never get old… or do they? February 20, 2014 FILMONLY LOVERS LEFT ALIVECert 15 | By Steve DinneenThree Stars ONLY Lovers Left Alive is a movie with vampires in it, but it’s not really a vampire movie. It hemorrhages introspection and indie sensibility rather than horror panache. There’s hardly any blood in it. If I were the kind of writer who used bad puns, [...]
Think the good jobs are massaged by Workfare? Think again February 19, 2014 A somewhat amusing pastime, when one’s bored, is to look at the responses to any of George Osborne’s tweets. The internet may be full of irate ranters, but nothing inspires outrage and knee-jerk verbal abuse quite like a bit of positive No11 spin posted on Twitter. While enjoying this activity over the last year, [...]
Brit Awards PR gaffe is a priceless surprise February 19, 2014 So House PR has delivered a #pricelesssurprise for its client Mastercard, sponsor of the Brit Awards this evening. PressGazette have this from a PR email to a journalist: Hope you’ve had a lovely weekend. As you know we’ve been in touch re. accreditation for the BRIT’s but just wanted to check in with [...]
ACCA Comment: The financial reporting revolution February 18, 2014 Real-time data and integrated reports are sparking debate IT’S REPORTING season, but there is more to it than just profit and loss. What, how and when financial information is reported is a key issue for investors, and it is equally relevant to finance chiefs and the companies they work within. ACCA-qualified management accountants are no [...]
Man falls from roof of JP Morgan’s Hong Kong HQ February 18, 2014 A man has fallen to his death after jumping from the roof of investment bank JP Morgan's Hong Kong office, according to the South China Morning Post. Witnesses told the paper that the man fell from the 30 storey Chater House building between 2.00pm and 3.00pm local time. Samaritans is available round the clock on [...]
ING staff watch video about their new home February 18, 2014 STAFF at Dutch bank ING’s London office were left in little doubt last week about how close their new offices are going to be when they move in 2016. Lucky employees were treated to a video presentation that showed someone walking out of their current office at 60 London Wall, turning left, then left again [...]
Gulf rig outfit taps London for $100m of cash February 17, 2014 GULF Marine Services yesterday announced plans to float on the London stock market in a deal valuing the oil services company at $1bn. The company, which is headquartered in Abu Dhabi but has offices near Aberdeen, said it expects to raise $100m in an initial offering of shares, which it will use to purchase a [...]
DX Group is looking to deliver a £170m return to the stock market February 13, 2014 THE RISING confidence in equity markets has delivered another float, as parcel service DX Group seeks to raise £170m in what is set to be one of the largest initial public offerings on London’s Alternative Investment Market this year. DX, which delivers mail as well as parcels and freight, first floated in 2004 but was [...]