Gatwick looks to grow through single runway as traffic rises November 28, 2012 GATWICK executives talked up the airport’s chances of competing with London’s biggest hubs yesterday as the firm posted rising revenues and traffic. Britain’s second-biggest airport said passengers rose 1.2 per cent on last year to 19.9m in the half-year to the end of September. Turnover jumped 3.6 per cent to £325.8m, helped in part by [...]
CBRE and Winterflood Securities are the current Mo Bros to beat November 27, 2012 MASSES of Mos of all shapes and sizes have been terrorising The Capitalist’s inbox this week. And none more so than CBRE analyst Tim Monger-Godfrey’s Anchorman-inspired tache: “If I say so myself, the likeness is uncanny.” Frightfully so, The Capitalist reckons. Not to be outdone, traders at Winterflood Securities also deserve special mention for their [...]
Meet Mark Carney: the Canadian flown in to save the UK economy November 26, 2012 IN APPOINTING Mark Carney the new governor of the Bank of England, the government has found an ex-Goldman Sachs director comfortable with garnering the views of the City – yet unafraid of standing his ground at times of conflict. The Canadian famously clashed with JP Morgan chief Jamie Dimon after a fierce disagreement over the [...]
Deutsche hires in Birmingham as it cuts back in expensive City November 26, 2012 GERMANY’S Deutsche Bank has hired up to 50 new front office staff in Birmingham as the firm’s efficiency drive forces it to look at less expensive operations centres than London. The fixed income and equity sales workers will focus on serving smaller clients – those which it may not have been cost effective to serve [...]
Cobham recruits chief financial officer from listed peer Senior November 26, 2012 DEFENCE manufacturer Cobham yesterday poached the group finance director of its FTSE 250 aerospace technology rival Senior to become its new chief financial officer. Simon Nicholls will leave Senior at the end of April next year after five years in the post to replace outgoing Cobham CFO Warren Tucker, who will stand down at the [...]
Post Office puts out first results for 370 years November 22, 2012 THE Post Office has today published its first trading statement in its 370-year history following its split from the Royal Mail earlier this year. The government owned business, which is the largest retailer in the country, became an independent business for the first time in April after its historic divorce from Royal Mail. The company [...]
Network Rail’s debts soar as it upgrades track November 22, 2012 THE OWNER of Britain’s railway has posted a rise in profits as it makes progress in upgrading the network, though its debt pile has ballooned by almost £1bn to £28bn in the space of six months. Network Rail, the not-for-dividend body responsible for maintaining tracks and signalling, spent £2.06bn on improving the railway in the [...]
Who’s switching jobs November 20, 2012 State Street Simone Vroegop has been appointed head of consultant relations for Europe, the Middle East and Africa at the financial services provider. She was previously vice president and head of business development for the company’s global services business in the Amsterdam office. Charles Russell Shahram Taghavi has been appointed head of immigration at the [...]
Third G4S director stands down after Olympics contract fiasco November 13, 2012 SECURITY firm G4S said yesterday that a third director has left the company following its Olympic Games contract blunder. It is understood Mark Hamilton, a former bodyguard to Beatles star Sir Paul McCartney and the man who led G4S’s Olympics team, left the world’s biggest security firm by mutual consent. Chief operating officer David Taylor-Smith [...]
Workspace plans Tower Bridge building as pre-tax profits soar November 13, 2012 WORKSPACE yesterday posted better-than-expected half year results, driven by strong tenant demand for its trendy London office space and its focus on asset management. The company, which provides offices to some 4,000 businesses such as Moonpig, as well as the Metropolitan Police, became a stock market darling after posting stellar annual results in May and [...]