Unite union says Co-op needs to reform to thrive April 14, 2014 TRADITIONALISTS at the Co-operative were under fire from workers yesterday, as Unite the Union backed major reforms to the mutual’s governance structure. The business has stood still while rival firms have modernised, the union said in a letter, leaving the Co-op vulnerable. Lord Myners is leading a review of the Co-op’s historic democratic structure. He [...]
Drug firm Glaxo faces a bribery probe in Poland April 14, 2014 GLAXOSMITHKLINE is facing a criminal investigation in Poland for allegedly bribing doctors to promote one of its drugs, it emerged yesterday. The FTSE 100-quoted pharmaceuticals giant has already been accused of corruption in China and Iraq. The case was highlighted by BBC Panorama, which said the probe involved 11 doctors and a GSK regional manager, [...]
New G4S boss paid £1.5m in 2013 while Buckles left with no bonus April 14, 2014 G4S’s CHIEF executive was paid £1.46m last year, including a £648,000 bonus, as the board praised Ashley Almanza’s efforts to turn around the troubled outsourcing firm since Nick Buckles’ departure last May. Almanza joined G4S last April and took on the chief executive role in June, amid a high-profile fraud scandal relating to an electronic [...]
CME wants to double its share of forex trades with new exchange April 14, 2014 EXCHANGES giant CME Group hopes to channel another $160bn (£95.6bn) per day of currency trades through its marketplaces when it sets up a new European unit this month. CME Europe opens on 27 April and will initially offer futures contracts in 30 currency pairs as well as energy-related products like biofuels. Currently around three per [...]
Treasury says fuel tax freeze helps economy April 14, 2014 THE FREEZE in fuel duty will boost the economy by up to £7.5bn, a new government report calculated yesterday, arguing that cheaper petrol prices will lead to higher spending and increased investment. The Treasury’s analysis – which has been peer reviewed by academics – was met with encouragement from the Institute of Directors (IoD), which [...]
Worker killed as part of building at 20 Grosvenor Square collapses April 14, 2014 A MAN has died and another was injured after part of a building collapsed at 20 Grosvenor Square in central London yesterday. The man died while he was working on the West End site, which was bought by Abu Dhabi Investment Council last year and was being converted by luxury developer Finchatton into a residential [...]
Shares at French Connection soar as sales pick up April 14, 2014 SHARES in French Connection leapt nearly 11 per cent yesterday, reaching their highest level in almost three years after the fashion group posted a strong start to the year. The brand, which became famous in the 1990s thanks to the success of its FCUK logo, has been trying to turn around its business after years [...]
Analyst Views: What did you think of French Connection’s trading update? April 14, 2014 ANDREW WADE | NUMISWhile French Connection has only reported an 11 week period, it is a strong start to the year. It was better than we had been expecting and reflects its ongoing success turning the business around, including improvements in stock buying, range architecture and product design. FREDDIE GEORGE | CANTOR FITZGERALDWhile French Connection [...]
BBC’s flagship shows joining Amazon Prime April 14, 2014 SHERLOCK, Doctor Who and Life on Mars will soon become available on Amazon Prime Instant after the online retail giant signed a deal to add top BBC shows to its revamped video streaming subscription service, formerly known as LoveFilm.
Spanish output leads boost for euro industry April 14, 2014 THE EUROZONE’S industry grew at a faster pace than analysts expected in February, climbing by 1.7 per cent from the same month in 2013 as the currency union continued its modest recovery. Production expanded by 0.2 per cent from January, driven upwards by strong performances in Germany and Spain, with 0.4 and 0.7 per cent [...]