Experian boss defends his drive for expansion November 10, 2013 Don Robert has steered the credit checking firm into fast-growing new businesses AS THE boss of a company best known for its credit checks, Don Robert is at home talking about hazardous spending decisions. “Arguably if every investment we made was brilliant we’d have to ask ourselves the question: are we taking the right amount [...]
What the other papers say this morning – 08 November 2013 November 7, 2013 FINANCIAL TIMES Currencies probe shifts to the US A global probe into alleged manipulation of the multibillion-dollar currencies market has widened its focus to include the US, with Barclays putting three New York-based traders on leave. They included foreign exchange spot traders Russell Katz and Jerry Urwin, two of these people said. Mr Katz and [...]
Credit Agricole and SocGen agree asset swap as profits disappoint November 7, 2013 Societe Generale and Credit Agricole have agreed an asset swap in derivatives brokers Newedge Group and Amundi Group. Credit Agricole plans to increase its share in Amundi to 80 per cent from 75 per cent, while SocGen intends to purchase Credit Agricole's 50 per cent stake in Newedge. The purchase would make SocGen the sole [...]
Halfords shares rocket as cycling and car maintenance push up profit November 7, 2013 Halfords Group has posted strong like-for-like revenues for its retail arm but a decline for its autocentres, in its half-yearly report. Shares have spiked on the news, up over nine per cent this morning. (Release) The second quarter saw like-for-like revenue for retail increase by 7.7 per cent but like-for-like revenue from autocentres down 2.1 [...]
New York picks Bill de Blasio as next city mayor November 6, 2013 NEW YORKERS yesterday chose liberal Democrat candidate Bill de Blasio to succeed Michael Bloomberg as the city’s mayor next year, delivering him a landslide victory over Republican rival Joe Lhota. De Blasio – the first Democrat to be elected as mayor in two decades – grabbed 73.3 per cent of Tuesday night’s vote after a lengthy [...]
The lawyer who has built his career breaking down barriers November 3, 2013 Stephen Kon, the new co-deputy chairman of King & Wood Mallesons, tells Elizabeth Fournier how years at the forefront of European law have left him ready to take on China LAST Friday, Stephen Kon joined a new law firm, one with a very, very long name. Overnight, the senior partner of London-based SJ Berwin (SJB) [...]
Total’s income plunges in third quarter due to refining margins October 31, 2013 FRENCH oil major Total yesterday posted a 19 per cent decline in net income for the third quarter, hit by narrow refining margins in Europe and a larger exploration expenditure. Income fell to €2.7bn (£2.3bn), with a $400m rise in its exploration bill compared to the same period a year ago weighing on profits. “The [...]
Volkswagen posts higher profit despite tough trading conditions October 30, 2013 Volkswagen have posted an operating profit of €2.77bn (£2.38bn), despite difficult market conditions. That's up from last year's €2.32bn. Group deliveries increased by 4.8 per cent to 7.2m vehicles worldwide. In spite of negative conditions in Europe and exchange rate impacts, sales revenue increased to €146bn in the first nine months of 2013. Volkswagen's share [...]
Nokia Lumia sales hit 8.8m in third quarter ahead of devices arm sale to Microsoft October 29, 2013 Finnish tech company Nokia has seen higher profits in the third quarter of 2013, posting €118m (£101m) operating profit for the group as a whole, up from a loss of €564m in the third quarter of 2012. Nokia chief financial officer and interim president Timo Ihamuotila said that the third quarter has been "among the [...]
The City A.M. guide to keeping fit, fresh and healthy in the City October 27, 2013 The City is bursting with different ways of getting you back in shape – and most of these activities can be enjoyed in your lunch break 1. Take intensive bursts of exercise LAX St Botolph’s, the City’s largest gym, opens today with a fitness programme specifically aimed at reflecting the lives of busy City workers, [...]