RBS loss is the biggest of any bank in world June 23, 2009 ROYAL Bank of Scotland lost more than any other bank in the world last year, booking a pre-tax operating loss of nearly $60bn (£36.7bn), according to figures released today. The Banker magazine’s Top 1000 World Banks 2008/09 survey revealed that RBS was the world’s biggest loser, beating Wall Street giant Citigroup, which lost slightly more [...]
RISING STAR OF THE SUN June 23, 2009 REBEKAH Wade has been named as the new chief executive of News International, which publishes The Sun, The Times and The News of the World, as well as other British newspapers. Wade, who has edited The Sun for six years, will report to James Murdoch, the News Corp chairman and chief executive Europe and Asia.
Debenhams raising flops June 23, 2009 HIGHSTREET retailer Debenhams yesterday said its shareholders had taken up just a third of its share offering in a £323m fundraising. The department store chain launched the cash call earlier this month to achieve chief executive Rob Templeman’s aim of taking its £900m debt mountain “off the agenda”. Britain’s second largest high-street retailer said 73,388,851 [...]
Debenhams raising flops June 23, 2009 HIGHSTREET retailer Debenhams yesterday said its shareholders had taken up just a third of its share offering in a £323m fundraising. The department store chain launched the cash call earlier this month to achieve chief executive Rob Templeman’s aim of taking its £900m debt mountain “off the agenda”. Britain’s second largest high-street retailer said 73,388,851 [...]
MySpace says it will axe two thirds of international staff June 23, 2009 STRUGGLING social networking site MySpace said yesterday that it will cut about two thirds of its international work force and close at least four of its offices outside of the US, putting dozens of UK staff at risk. The News Corp-owned firm has proposed a restructuring plan that would see its international staff cut from [...]
MySpace says it will axe two thirds of international staff June 23, 2009 STRUGGLING social networking site MySpace said yesterday that it will cut about two thirds of its international work force and close at least four of its offices outside of the US, putting dozens of UK staff at risk. The News Corp-owned firm has proposed a restructuring plan that would see its international staff cut from [...]
Fast food prospers as consumers loosen belts June 23, 2009 WHILE the recession continues to claim casualties from a variety of sectors, others are finding that an economic downturn has boosted business. One of the sectors whose BrandIndex scores have notably risen is fast food. As usual, we have created a “basket” of brands (Burger King, Domino’s, KFC, McDonald’s, Pizza Hut and Wimpy). For comparison, [...]
Fast food prospers as consumers loosen belts June 23, 2009 WHILE the recession continues to claim casualties from a variety of sectors, others are finding that an economic downturn has boosted business. One of the sectors whose BrandIndex scores have notably risen is fast food. As usual, we have created a “basket” of brands (Burger King, Domino’s, KFC, McDonald’s, Pizza Hut and Wimpy). For comparison, [...]
Aggreko powers ahead June 23, 2009 TEMPORARY power provider Aggreko expects first-half profit to rise as its international power division continues to grow, but said growth would likely slow in the second half. Aggreko, which rents out generators, air conditioners and cooling towers, said it expected pre-tax profit for the six months to the end of June to grow by around [...]
Aggreko powers ahead June 23, 2009 TEMPORARY power provider Aggreko expects first-half profit to rise as its international power division continues to grow, but said growth would likely slow in the second half. Aggreko, which rents out generators, air conditioners and cooling towers, said it expected pre-tax profit for the six months to the end of June to grow by around [...]