Tech companies push ahead in UK job creation October 20, 2013 UK TECHNOLOGY companies have outpaced the rest of the private sector as a whole in terms of job creation for the past 10 years, according to a report out today from KPMG and Markit. The Tech Monitor UK report reveals that the number of jobs in the technology sector grew by 4.3 per cent in [...]
Jaguar Land Rover hiring 1,000 Chinese workers for local factory October 20, 2013 JAGUAR Land Rover is hiring 1,000 local workers for its £1bn joint venture in China after training the first group in Merseyside. Fifty Chinese recruits have been working at the car manufacturer’s Halewood plant and are set to return to China at the end of the month to pass on the skills they have learned. [...]
Fitness First picks the City for first foray back into openings October 20, 2013 GYM CHAIN Fitness First has chosen the city of London as the location for its first new UK site since it completed its painful restructuring last year. The company, which had to offload 64 clubs as part of a company voluntary arrangement to help save the business, will open the club in Bishopsgate next spring, [...]
Cost of Berlin’s new airport soaring after lengthy delays October 20, 2013 BERLIN’S long-delayed new international airport, which is still without an opening date, will cost more than expected, a member of its supervisory board, Rainer Bretschneider, said yesterday. Noise insulation and the large terminal building were driving costs beyond the expected €4.3bn, Bretschneider told German broadcaster ZDF, and additional levies were payable for every month the [...]
Scientists harvest cow belches October 20, 2013 Argentine scientists have found a way to transform the gas created by the bovine digestive system into fuel, an innovation that could curb greenhouse gases that cause global warming. Using a system of valves and pumps, the experimental technique developed by Argentina’s National Institute of Agricultural Technology (INTA) channels the digestive gases from bovine stomach [...]
Crown Castle to buy AT&T rights October 20, 2013 Crown Castle International said last night that it had agreed to buy rights to about 9,700 AT&T wireless communication towers for $4.85bn in cash. Under the agreement, Crown Castle will have the exclusive right to lease and operate the AT&T towers for a weighted average term of about 28 years. The company will have the [...]
Vietnam airlines plan fleet boom October 20, 2013 Vietnam’s fledgling airline industry is poised for a boom as local competition heats up with fleet expansions, new routes and planned share offers that are set to make it one of the world’s three fastest growing markets. IATA expects Vietnam to become the world’s third-fastest growing market for international passengers and freight next year, and [...]
Murdoch China exit rumbles on after TV sale October 20, 2013 21ST Century Fox owner Rupert Murdoch has rolled back his Asian media interests after selling a stake in a Chinese satellite TV operator. US private equity firm TPG Capital will pay 1.66bn Hong Kong dollars (£132.2m) for 21st Century Fox-controlled Star Entertainment’s remaining stake in Phoenix Satellite Television. The move is the next step of [...]
Burberry chief executive to miss out on £18m in share awards October 20, 2013 DEPARTING chief executive Angela Ahrendts will waive her rights to a long-term incentives worth £18m when she leaves the fashion retailer to join Apple. Ahrendts was entitled to share awards worth £7.6m this year and an additional £4.6m next year from Burberry. Ahrendts already owns £6.5m shares of Burberry, where she has worked for eight [...]
German watchdog warns Amazon October 20, 2013 Germany’s antitrust watchdog accused Amazon of undermining competition when dealing with third-party merchants and said it would impose reform unless the Internet retailer changed its rules, a German paper reported. “The terms of Amazon’s Marketplace in effect obstruct competition,” president of the German cartel office Andreas Mundt told the Sueddeutsche Zeitung.