BOOST FOR CITY AS FIRMS HIRE AGAIN September 5, 2010 MORE than 800 new staff are to be recruited by PricewaterhouseCoopers (PwC) as the professional services giant bounced back from recession with a revenue rise. The firm will today announce that it has bounced back from the global financial crisis strongly as it releases its results for the year to the end of June. The [...]
Travelex boss to buy The Office in £43.3m deal September 5, 2010 LLOYD DORFMAN, founder of currency exchange Travelex, is to acquire serviced office company The Office Group for £43.3m. Dorfman is acquiring the company from Bridges Ventures, the private equity firm launched by Sir Ronald Cohen and dedicated to urban regeneration. Dorfman will take over a portfolio of six sites in London and one in Bristol, [...]
Man gets go-ahead to acquire GLG September 1, 2010 MAN GROUP shareholders have given its recommended takeover of GLG Partners the green light, and the firm yesterday appointed GLG’s Emmanuel Roman as chief operating officer for the enlarged group. Over 90 per cent of Man investors yesterday voted in support of the $1.6bn (£1.03bn) buyout of New York-based GLG during the firm’s annual general [...]
Wall St choppy as tech shares decline August 31, 2010 US stocks ended little changed in choppy trading yesterday, closing out an August the bulls would like to forget. Positive data surprises sustained a rally for most of the session, but declines in technology shares capped overall gains. The S&P 500 bounced off the key technical level of 1,040 for the third time in the [...]
BORIS OUT FOR A RIDE WITH KELLY BROOK TO LAUNCH BIKE SCHEME August 31, 2010 Boris Johnson’s love affair with two wheels continued yesterday with the launch of his driver-frustrating Sky Ride scheme, where roads are cleared throughout central London to allow cyclists to take in the sights. But The Capitalist can’t help but think bikes weren’t the only thing on the mind of the red-blooded Mayor. Accompanying him on [...]
Chote is still best man for the OBR August 26, 2010 THE highly respected Institue of Fiscal Studies (IFS) has been a thorn in the side of government – both Conservative and Labour – for as long as I can remember. During the Gordon Brown era it constantly pulled up the then chancellor for overpromising on the public finances and earlier this week it savaged the [...]
Amec is upbeat on future as customers spend more August 26, 2010 OIL services and engineering group Amec posted a 20 per cent rise in first-half profits yesterday and said it saw customer spending returning in most of its key markets. Amec’s first-half earnings before interest, tax and amortisation rose to £113.5m from £94.5m in the same period last year. Its order book grew eight per cent [...]
Savills cautious on 12 month outlook August 26, 2010 GLOBAL property adviser Savills maintained a cautious second-half outlook and raised the spectre of a flat performance in the first six months of 2011 after posting much-improved interim results yesterday. Savills booked group revenue of £304.4m for the first half, up 23 per cent from the same period a year ago. Group underlying profit advanced [...]
Segro posts a rise in its property value as it eyes future industrial development August 26, 2010 INDUSTRIAL landlord Segro posted a slight rise in the value of its properties yesterday and aims to restart new developments amid returning interest from potential tenants. Segro, which has about two-thirds of its properties in the UK and the rest across continental Europe, said its portfolio value grew 1.4 per cent in the first half, [...]
Deloitte upbeat despite lower partner profits August 25, 2010 DELOITTE, one of the Big Four accountancy firms, has seen UK revenues fall for the second year in a row in the face of challenging markets and a difficult economic environment. The global firm posted £1.95bn in UK revenue for the year ended 31 May, marking a £16m fall from last year. “Despite a second [...]