Bottom Line: Growth home and abroad means a sunny future for travel money October 13, 2013 IT IS heartening to see more signs of the City’s IPO market building up a proper head of steam. Travelex would be a further coup. The possibility of a float appears to be driven by Apax, the private equity owners of half the company, looking for the exit. But Travelex still has plenty of mileage [...]
Four men arrested on terrorism charges in raids around London October 13, 2013 FOUR men were arrested in London last night in a pre-planned counter-terrorism operation. Armed officers made the arrests around 7.10pm yesterday in Whitechapel, Bayswater and Peckham. Police said last night searches at six addresses were ongoing. Scotland Yard said the men were being held under the Terrorism Act 2000 on suspicion of the commission, preparation [...]
Arbitration in UK strike talks October 13, 2013 INEOS said last night that it has agreed to go to independent arbitration with the Unite union over a dispute at the Grangemouth refinery and petrochemical plant that has led to industrial action including a strike next week. The move decreases the chances of a strike which could have caused severe disruption to the fuel [...]
Evacuation limits damage from India storm October 13, 2013 A MASS evacuation saved thousands of people from India’s fiercest cyclone in 14 years, but aid workers have warned a million would need help after their homes and livelihoods were destroyed. Cyclone Phailin was expected to dissipate within 36 hours, losing momentum yesterday as it headed inland after making landfall from the Bay of Bengal.
Half of finance staff doubt their own forecasts October 13, 2013 LESS THAN half of the world’s financial professionals think their company’s forecasts are reliable, according to a poll by accountancy group PwC. Just 45 per cent of the 1,500 people surveyed from 200 companies think their firm’s financial predictions are reliable, though 80 per cent accept that accurate forecasting is “critical to their business”, PwC [...]
Savoy under pressure to polish sales to avoid breaching loans October 13, 2013 THE OWNERS of the Savoy Hotel have warned that it could be at risk of breaching loan covenants if trading does not improve. The five-star hotel on the Strand, which is owned by Prince Alwaleed bin Talal of Saudi Arabia and Lloyds Banking Group, made a £53.5m pre-tax loss in 2012 compared with £49.6m in [...]
French National Front claims by-election win October 13, 2013 FRANCE’S National Front (FN) won by a wide margin in a local by-election in southeast France yesterday, the latest sign the anti-immigrant party is benefiting from discontent with ruling Socialists and mainstream opposition conservatives. Even though the National Front already has an established presence in the region, the victory in the canton of Brignoles near [...]
WH Smith shuts its website to remove pornographic ebooks October 13, 2013 WH SMITH shut down its website yesterday after reports it was selling pornographic ebooks. More than 60 pornographic titles – mostly self-published – were available on the WH Smith site, as well as through Amazon, Waterstones and Barnes & Noble, according to the Mail on Sunday. In a statement yesterday, WH Smith said it had [...]
Sausage maker weighs link-up with Peperami October 13, 2013 KERRY Group, owner of Wall’s sausages, is in the running to gobble up iconic meaty snack Peperami after owner Unilever put the brand on the block. Peperami, famed for its “it’s a bit of an animal” slogan, was launched in 1982 in the UK and is sold in Germany as BiFi.
Grafton cancels Irish listing for London market October 13, 2013 IRISH builders merchant Grafton is to scrap its Dublin listing tomorrow and move to the London market instead as it looks to tap into growing investor appetite driven by improvements in the housing sector and the wider construction market. The group, which currently has a secondary listing in London, expects to join the ranks of [...]