Tui to host Euro 2012 travellers June 7, 2009 Tour operator Tui has sealed a deal to become the official accommodation agency for the 2012 European Football championships. The tournament, which is held every four years, will take place in Poland and the Ukraine. Tui will provide over 200,000 beds for the governing body Uefa’s officials as well as the teams, sponsors and the [...]
Dairy farmers lose savings June 7, 2009 The Dairy Farmers of Britain (DFOB) co-operative collapsed last week, meaning that many of its 1,800 members, who supplied milk to the co-operative, will lose their savings. The DFOB, which was forced into receivership on Wednesday of last week, sold the milk onto supermarkets, keeping 0.5p per litre itself, and paying the remainder to the [...]
GMTV boss joins NetplayTV June 7, 2009 Clive Jones, the chairman of GMTV, is joining the board of gaming group Netplay TV as non-executive chairman. Netplay TV, which is headed up by chief executive Martin Higginson, runs television and internet channels which offer interactive gaming.
BACK TO THE CORE June 7, 2009 THE world’s technology bloggers are convinced that Steve Jobs, Apple’s charismatic boss, is about to make a comeback to the group after a long layoff with illness. There are rumours that Jobs, who has been off since January, may appear at Apple’s software developers’ conference this week in San Francisco.
House prices see surprise jump in May June 4, 2009 HOUSE prices unexpectedly rose by 2.6 per cent in May at their fastest monthly rate since October 2002, according to Halifax’s house price survey released yesterday, although economists warned that house prices still had some way to go before bottoming out. Last month’s rise soundly beat analysts’ expectations of a fall of one per cent [...]
Car sales continue to drop despite scrappage scheme June 4, 2009 SALES of new cars continued to slide last month despite the government’s £300m scrappage scheme, new industry data revealed yesterday. New registrations fell 24.8 per cent in May to 134,858 units, the Society of Motor Manufacturers and Traders (SMMT) said. It is the 13th straight month of faling volumes, as consumers shun expensive purchases like [...]
Threadneedle Street and ECB leave interest rates on hold June 4, 2009 THE Bank of England (BoE) yesterday left UK interest rates at 0.5 per cent and announced no further asset purchasing beyond the existing £125bn, which the Bank expects will take two more months to complete. However, the Confederation of Business Industry’s chief economic adviser Ian McCafferty said fragile monetary and lending conditions mean the Bank [...]
Sales surge at WM Morrison June 4, 2009 SUPERMARKET group WM Morrison yesterday reported a better-than-expected 8.2 per cent jump in first quarter like-for-like sales, after it poached new customers from premium retailers. Chief executive Marc Bolland said Britain’s fourth largest supermarket had attracted an extra 500,000 customers a week over the period, largely driven by strong growth in London and the South. [...]
Helical Bar plans developing spree June 4, 2009 PROPERTY group Helical Bar yesterday said it had turned a corner as it revealed plans to begin a development spree, despite plunging further into the red for the full year. The firm said it had raised around £500m to invest in retail projects and student accommodation developments, including £26.4m of its own cash raised in [...]
BEST OF THE BROKERS June 4, 2009 J SAINSBURYIt’s the end of the beginning for J Sainsbury, not the beginning of the end, said analysts at Morgan Stanley as they upgraded the stock from “equal-weight” to “over-weight”. The broker expects the retailer to deliver premium like-for-like growth for at least 12 months, and has set a price target of 375p, which is [...]