War breaks out in Co-op boardroom March 10, 2014 CO-OPERATIVE chief executive Euan Sutherland yesterday launched a furious attack on members of his own board after a suspected leak revealed details of his £3.66m pay deal. Sutherland took the unusual step of posting on social network Facebook to lash out at the “individual, or individuals” on the Co-op board who he said were determined [...]
A fifth of Britons expect to still be working on their 70th birthday March 10, 2014 A FIFTH of people in the UK think they will be still be working by their 70th birthday, according to shocking new research. A major international survey released by Nielsen today paints a grim picture of the retirement prospects for today’s workers, as worries about working longer and having too little saved loom large. A [...]
London basks in the hottest day of the year March 10, 2014 TEMPERATURES in the UK hit 20 degrees celsius yesterday on the hottest day of the year so far, as Londoners flocked to the capital’s parks to make the most of the sunny weather. The hottest temperature recorded was in Gravesend, Kent, where the mercury hit 20.5 degrees. Today is set to be cooler, with the [...]
Hague warns of violent conflict if Putin advances March 10, 2014 FOREIGN secretary William Hague issued a stark message to Russia yesterday, warning there is a “great danger of a shooting conflict” if Putin moves troops out of Crimea and into mainland Ukraine. Hague reiterated the threat of UK sanctions against President Putin’s nation after armed personnel carriers were seen rolling into the country on Saturday. [...]
Stanlow refinery faces uncertain future despite Essar’s denial over closure March 10, 2014 Essar Energy yesterday denied plans to close the Stanlow refinery in north west England, after City A.M. reported the plant’s long-term future was under threat due to weak margins. “Essar Energy and the entire transport fuel supply industry are working together with the UK government to improve the resilience of UK refineries and importers,” said [...]
US judge allows aluminium cases March 10, 2014 A US judge overseeing litigation accusing Goldman Sachs, JPMorgan Chase, their warehousing businesses and the London Metal Exchange of conspiring to reduce the supply and increase the price of aluminium will allow for now three groups of plaintiffs to pursue separate lawsuits. US District Judge Katherine Forrest made the order for direct purchaser plaintiffs and [...]
Google focuses on wearable tech March 10, 2014 Google is set to release an Android-based software development kit for wearable devices, its Android chief Sundar Pichai said yesterday while speaking at the South by Southwest Interactive conference in Texas. “In two weeks we are launching the first developer SDK for Android,” Pichai said. “That will lay out the vision for developers in how [...]
Japan economy growing slowly March 10, 2014 Japan’s economy grew 0.2 per cent in October-December from the previous quarter, government data showed today, revised down from a preliminary 0.3 per cent expansion due to slower growth in capital spending and private consumption. The result compared with the median forecast from economists for a 0.3 per cent expansion. The revised GDP figure means [...]
What the other papers say this morning – 10 March 2014 March 10, 2014 FINANCIAL TIMES Spotify’s credit line hints at IPO Spotify has secured a $200m credit facility from lenders including Morgan Stanley, bringing the Swedish music company a step closer to a potential initial public offering in the US, according to people close to the deal. The Stockholm start-up, which last year sold equity that implied a [...]
Investors in last minute dash to grab Poundland March 10, 2014 BUDGET chain Poundland will close the books on its forthcoming London float tomorrow night, with a late surge in demand meaning the offer could end up 10 times oversubscribed. The high street store has so far seen solid demand from institutional investors keen to buy shares, helping back an early decision by the firm not [...]