I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Summer closes on a sunny note for EU industry October 14, 2013 INDUSTRY in the euro area grew at its fastest pace for two years this August, with output rising by one per cent from July alone. The boost to production makes up for a dip of one per cent between June and July, with a particularly impressive performance for Portugal, where production rose by 8.2 per [...]
European Central Bank says no to rolling over Greece’s bonds October 14, 2013 GREEK finance minister Yannis Stournaras was rebuffed by the European Central Bank (ECB) yesterday, after suggestions that the country’s bonds held by the bank could be rolled over. Stournaras had suggested to Greek media that the country could push back the maturity of €4.5bn (£3.82bn) of debt, in around six months’ time, to cover a [...]
Inflation hits highest point for half a year in India and China October 14, 2013 INFLATION in the world’s two most populous countries reached seven-month highs in September, according to official statistics released by the Indian and Chinese governments yesterday. The effect of poor weather on food prices has been blamed for the rise in Chinese consumer inflation, which stood at 3.1 per cent in the year to last month. [...]
IAG denounces Alitalia rescue plans as illegal October 14, 2013 INTERNATIONAL Airlines Group yesterday denounced Italian plans to rescue Alitalia as illegal, as shareholders were due to vote on a capital increase to keep the near-bankrupt flag carrier flying. IAG, which owns British Airways and Spanish airline Iberia, urged the European Commission to intervene over the Italian government’s attempts to stitch together a bailout for [...]
CWC to sell off Algerian group October 14, 2013 TELECOMES operator Cable & Wireless Communications has sold its Algerian satellite business for $1.4m (£0.8m) as part of its efforts to streamline the business. The FTSE 250-listed company, which split from Cable & Wireless Worldwide in 2010, said yesterday that the sale of Divona to Algerian company Smart Link Com is not expected to have a [...]
Voda seals its Kabel buyout October 14, 2013 VODAFONE’S takeover of Kabel Deutschland was completed yesterday, with the FTSE 100-listed telecom company left holding 76.57 per cent of Kabel’s share capital. The deal, valued at €7.7bn (£6.5bn), hinged on Kabel Deutschland shareholders tendering 75 per cent of their shares for Vodafone to buy at €87 a share, a threshold that was narrowly passed [...]
YouGov lifted by fresh contract wins and Middle Eastern growth October 14, 2013 ONLINE market research agency YouGov reported a 13 per cent rise in profits to £6.8m for the year to July, on the back of a number of new contracts from Barclays, Blackrock and ITV. Revenues from the pollster jumped eight per cent to £62.6m boosted by growth emerging from the company’s Middle East operations, which [...]
Nick Clegg opens state-backed startup fund October 14, 2013 Deputy Prime Minister Nick Clegg yesterday opened a new startup accelerator in Euston, which is backed by Telefonica and the government. Wayra UnLtd is a joint venture from two of the largest supporters of UK tech startups and backed by £1m of state funding.
Russian credit card float to aid Goldman coffers October 14, 2013 GOLDMAN Sachs is set to net a multi-million dollar windfall after its stake in Russian credit card firm TCS Group was priced at the upper end of the range for a forthcoming float in London. TCS, which offers credit cards to people living in rural Russia, is offering global depository receipts (GDRs) at $14 to [...]
Software group Unit4 becomes target of £840m takeover bid October 14, 2013 A DUTCH software company that serves blue-chip UK firms such as EDF Energy and Lloyds Bank is being stalked by a pack of private equity suitors hoping to buy the company, the firm said yesterday. Unit4, which is listed on the Amsterdam Stock Exchange, said it had been approached by private equity firms about a [...]