BLOCKBUSTER BOOST June 10, 2009 FILM studio owner Pinewood Shepperton, chaired by ITV boss Michael Grade, was yesterday hopeful that it would win more commissions from Hollywood, after the Screen Actors Guild in America agreed a salary deal. The agreement comes after a year of heated debate over pay. Pinewood’s UK filming facilities have played host to the production of [...]
Biggest fall in oil use since 1982, says BP June 10, 2009 GLOBAL oil consumption in the developed world fell by 1.6 per cent last year — the largest drop since 1982 — and the decline is set to continue, said BP chief executive Tony Hayward. Presenting the firm’s annual Statistical Review of World Energy he said world oil consumption fell by 420,000 barrels a day in [...]
Biggest fall in oil use since 1982, says BP June 10, 2009 GLOBAL oil consumption in the developed world fell by 1.6 per cent last year — the largest drop since 1982 — and the decline is set to continue, said BP chief executive Tony Hayward. Presenting the firm’s annual Statistical Review of World Energy he said world oil consumption fell by 420,000 barrels a day in [...]
US banks must repay warrants June 10, 2009 THE TEN US banks who were given approval this week to start paying back $68bn (£41.6bn) worth of loans from the state will have to shell out another $5.1bn to redeem warrants held by the US Treasury if they want to be free of government restrictions. Credit Suisse estimates that the Treasury holds warrants – [...]
US banks must repay warrants June 10, 2009 THE TEN US banks who were given approval this week to start paying back $68bn (£41.6bn) worth of loans from the state will have to shell out another $5.1bn to redeem warrants held by the US Treasury if they want to be free of government restrictions. Credit Suisse estimates that the Treasury holds warrants – [...]
Four appointed to join BoE panel June 10, 2009 THE Bank of England (BoE) yesterday confirmed the appointment of senior business figures Roger Carr, David Lees, Mark Tucker and Harrison Young as members of its Financial Stability Committee. The governor and two deputy governors of the central bank also sit on the committee, set up earlier this year to beef up the Bank’s oversight [...]
Four appointed to join BoE panel June 10, 2009 THE Bank of England (BoE) yesterday confirmed the appointment of senior business figures Roger Carr, David Lees, Mark Tucker and Harrison Young as members of its Financial Stability Committee. The governor and two deputy governors of the central bank also sit on the committee, set up earlier this year to beef up the Bank’s oversight [...]
Heartwood positive despite crisis June 10, 2009 Independently-owned wealth manager Heartwood said yesterday it had performed strongly over the past year despite challenging market conditions. Heartwood now has around £1bn of funds under management and administration, having added over £100m of net new client assets under management over the year. Chief exec Simon Lough said profits were ahead of last year, excluding [...]
Heartwood positive despite crisis June 10, 2009 Independently-owned wealth manager Heartwood said yesterday it had performed strongly over the past year despite challenging market conditions. Heartwood now has around £1bn of funds under management and administration, having added over £100m of net new client assets under management over the year. Chief exec Simon Lough said profits were ahead of last year, excluding [...]
Live Nation deal referred to CC June 10, 2009 The Office of Fair Trading (OFT) has referred a proposed merger between Ticketmaster and Live Nation to the Competition Commission, amid concerns that it would result in reduced competition. Ticketing agent Ticketmaster and venue operator of promoter Live Nation have an agreement to work together until December 2009.