Great Portland lifted by return in confidence November 14, 2013 WEST End property developer Great Portland Estates posted a 9.2 per cent leap in first-half net asset value and said it expected the strengthening economy to support the capital’s property market as more companies find confidence to move. The company, which owns offices and shops in central London, said diluted net asset value per share [...]
Walmart shares fall as world’s largest retailer lowers outlook November 14, 2013 Walmart shares fell 1.14 per cent in pre-market trading after the company lowered its full year outlook. The retail titan posted poorer than expected revenues for the third quarter, with total revenues increasing by 1.7 per cent to $6.3bn (£3.9bn) and net income rising by 2.8 per cent to $3.7bn (£2.3bn). US comp sales fell [...]
Domino’s Pizza appoints Sean Wilkins as chief financial officer designate November 14, 2013 Domino's Pizza has appointed Sean Wilkins as chief financial officer (CFO) designate. Mr Wilkins will assume his responsibilities as CFO from 18 November, taking over from Lee Ginsberg after his retirement at Domino's annual general meeting in 2014. Mr Wilkins is an international finance director and recently held the position of general manager of Coles [...]
SSE defends its dividend ahead of bill increase November 13, 2013 SSE YESTERDAY posted a rise in profits and defended its decision to hike its dividend, mere days before an 8.2 per cent increase to customers’ bills will take effect. The FTSE 100 energy firm reported pre-tax profits of £336.4m for the six months to 30 September, a sharp increase from losses of £40.9m the previous [...]
Barclays’ Hector Sants resigns after taking sick leave November 13, 2013 Sir Hector Sants, head of compliance at Barclays bank and former chief of the Financial Services Authority, has resigned, after taking leave in October due to stress and exhaustion. Chief of operations and technology officer, Shaygen Kheradpir will also be leaving for a CEO position at a US company. In a statement released on Wednesday, [...]
London’s got talent: Capital biggest employer of highly-skilled individuals November 11, 2013 The capital beats New York to top global league table as the biggest employer of highly-skilled individuals LONDON is the best city in the world for jobs in the knowledge economy, a report out today shows, confirming the capital’s status as a global talent magnet. The capital employs 1.5m people in highly-skilled sectors such as [...]
London’s got talent: Capital biggest employer of highly-skilled individuals November 11, 2013 The capital beats New York to top global league table as the biggest employer of highly-skilled individuals LONDON is the best city in the world for jobs in the knowledge economy, a report out today shows, confirming the capital’s status as a global talent magnet. The capital employs 1.5m people in highly-skilled sectors such as [...]
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 [...]