DTZ says trading is in line with expectations September 17, 2009 Commercial property agent DTZ yesterday told shareholders it was trading “in line with expectations”, two months after reporting an annual pre-tax loss of £35.1m. Chairman Tim Melville-Ross yesterday said that the group’s £50m cost cutting programme had accelerating and “savings were well advanced”. Melville-Ross said: “The global economic crisis and resulting unrelenting pressure on global [...]
ARE YOU CHEERED BY KINGFISHER’S UPDATE? September 17, 2009 RICHARD HUNTER HARGREAVES LANSDOWNThe inadvertent leak of the positive surprise has today been confirmed by Kingfisher, which has enjoyed a 35 per cent hike in profits. Good weather, the removal of competition such as MFI, a close eye on cost and stock control and the revamping of its offerings have all helped. MATTHEW MCEACHRAN SINGER [...]
Job drought risks brain drain September 17, 2009 THE UK is in danger of losing its brightest talent, with 23 per cent of Britons saying they are considering moving abroad in the next two years, according to new research. According to a survey of 2,000 adults carried out by Foreign Currency Direct, 11m workers are now considering a move abroad because finding a [...]
Air watchdogs respond to critics September 17, 2009 US aviation regulators have responded to criticisms they had grown too “cosy” with airlines, by setting up an internal office to collect employee complaints. They have also said they will stop calling carriers “customers”. Policy makers in government have called for the changes. They also want an internal office that would collect employee complaints about [...]
WTO warns on tyre tarrifs September 17, 2009 Trade measures of the type imposed by the US on Chinese tyres run the risk of spilling over and slowing down economic recovery, a senior World Trade Organisation (WTO) official said yesterday. The tyre trade dispute blew up between the US and China after Washington imposed additional duties on Chinese-made tyres. Valentine Rugwabiza, the WTO’s [...]
ITVboard is split over Ball pay demands September 17, 2009 TONY Ball is said to be seeking a package worth up to £20m as chief executive of ITV, should he manage to bring the company’s share price back to health. But the boardroom is understood to be split over the terms of the deal, which is expected to include the ex-BSkyB boss putting some of [...]
ARE YOU CHEERED BY KINGFISHER’S UPDATE? September 17, 2009 RICHARD HUNTER HARGREAVES LANSDOWNThe inadvertent leak of the positive surprise has today been confirmed by Kingfisher, which has enjoyed a 35 per cent hike in profits. Good weather, the removal of competition such as MFI, a close eye on cost and stock control and the revamping of its offerings have all helped. MATTHEW MCEACHRAN SINGER [...]
American Airlines raises $2.9bn to ride out storm September 17, 2009 AMERICAN AIRLINES’ (AA) parent company AMR has raised $2.9bn (£.bn) as it struggles to weather the financial storm. The fundraising, which comes as part of an arrangement with General Electric and Citigroup, is intended to help the carrier cope with a fall off in demand for air travel. The company said $1bn of the figure [...]
Toyota plans spending spree September 17, 2009 Toyota, the world’s biggest carmaker, said yesterday it planned to spend a “larger than average” $1bn (£683m) on marketing in the US in the fourth quarter, as the economy begins to recover. It will spend heavily on advertising, incentives and dealer support, after the cash-for-clunkers scheme, where drivers traded in their old bangers for a [...]
DTZ says trading is in line with expectations September 17, 2009 Commercial property agent DTZ yesterday told shareholders it was trading “in line with expectations”, two months after reporting an annual pre-tax loss of £35.1m. Chairman Tim Melville-Ross yesterday said that the group’s £50m cost cutting programme had accelerating and “savings were well advanced”. Melville-Ross said: “The global economic crisis and resulting unrelenting pressure on global [...]