WHAT THE OTHER PAPERS SAY THIS MORNING May 25, 2011 FINANCIAL TIMES BRANSON WANTS 600 BRANCHES OF LLOYDS Sir Richard Branson has set his sights on buying a network of branches from Lloyds Banking Group as he attempts to go head-to-head with some of the biggest banks on the UK high street. Sir Richard met António Horta-Osório, Lloyds chief executive, on Tuesday and plans [...]
Sarkozy could learn from Internet billionaires May 22, 2011 NICOLAS Sarkozy has invited the great and good of the digital industry to pop round to Paris for a few days this week to chew the fat before the G8 summit. And I’m going along for the ride. You think Sarko would be busy, what with all those red carpets to shampoo in Deauville and [...]
HMV in £53m deal to sell Waterstone’s May 20, 2011 HMV has agreed a deal to offload its Waterstone’s book chain to a fund headed by Russian billionaire Alexander Mamut for £53m. Mamut already owns six per cent of HMV which has been struggling as downloads have hit its CD business, while sales at online retailers like Amazon have also taken off. The sale to [...]
Next IMF boss shouldn’t be European May 20, 2011 FAR too much time and energy is being wasted on trying to work out who the International Monetary Fund’s (IMF) new boss will be. The truth is that it is unlikely to matter that much: the individuals entrusted with the running of large transnational bureaucracies almost invariably find it impossible to break away from the [...]
Next IMF boss shouldn’t be European May 19, 2011 FAR too much time and energy is being wasted on trying to work out who the International Monetary Fund’s (IMF) new boss will be. The truth is that it is unlikely to matter that much: the individuals entrusted with the running of large transnational bureaucracies almost invariably find it impossible to break away from the [...]
Treasury hit by cyber attacks May 16, 2011 THE UK Treasury is subjected to sustained, malicious cyber attacks from foreign intelligence agencies, according to chancellor George Osborne. An average of at least one “serious and pre-planned” attack is launched every day, with some 20,000 virus and spyware attacks taking place each year. Osborne yesterday, speaking at Google’s Zeitgeist conference, gave an example of [...]
Tech stocks lead a fall on Wall Street May 16, 2011 THE Nasdaq index sank yesterday, leading US stocks lower, as investors sold recent winners in a sign of growing unease with pockets of US economic weakness. The Dow Jones industrial average declined 47.38 points, or 0.38 per cent, to close at 12,548.37. The Standard & Poor’s 500 Index dropped 8.30 points, or 0.62 per cent, [...]
ENTREPRENEURS NEWS | IN BRIEF May 15, 2011 LoveFilm takes the BVCA prize LoveFilm and Mind Candy were badged as London and the South East’s best venture capital and private equity-backed businesses by the British Venture Capital and Private Equity Association (BVCA) this week. LoveFilm, acquired by Amazon in January, won the Exit Management Team of the Year award, while Mind Candy – [...]
Google joins online music drive May 10, 2011 Google has launched an online music locker service to allow users to store and access their songs wherever they are, similar to one launched by Amazon.com in March. Like the Amazon Cloud Drive player, the Google music service is being introduced without any prior licensing deals with major music labels, following months of fruitless negotiations. [...]
Google joins online music drive May 10, 2011 Google has launched an online music locker service to allow users to store and access their songs wherever they are, similar to one launched by Amazon.com in March. Like the Amazon Cloud Drive player, the Google music service is being introduced without any prior licensing deals with major music labels, following months of fruitless negotiations. [...]