BAE Systems wins £46m contract June 26, 2011 BAE Systems has been awarded a £46m contract to support the Sampson multi-function radars on board the fleet of six Royal Navy Type 45 Destroyers. The new six-year contract includes cover for the Sampson radars, both in-service and on Type 45s that are yet to enter service, as well as maintenance. The multi-function radars act [...]
HELICOPTER TRADE FEAT HITS A HIGH June 26, 2011 IT’S OFFICIAL: a new record has been set for the world’s highest currency trade, after Greg Secker took to the skies last Friday to make money out of thin air trading from a helicopter hovering 1,500 feet above the City. The flying trader hopped between the Isle of Dogs radio masts – moved on from [...]
SKY’S THE LIMIT: WIGGINS HAILS TEAM STRENGTH June 23, 2011 OLYMPIC champion Bradley Wiggins believes the revamped Team Sky should be targetting a top 10 finish at next month’s Tour de France. Wiggins was yesterday named alongside fellow Britons Geraint Thomas and Ben Swift in a nine-man squad. He said: “We are now in a better position than I’ve ever been in. Top 10 seems more [...]
News Corp’s bid for Sky to get clearance June 22, 2011 CULTURE secretary Jeremy Hunt is likely to rubber stamp News Corp’s bid for BSkyB within a fortnight. He is expected to trigger a final seven day period of consultation after receiving documents from Ofcom outlining a series of guarantees over the future financial and editorial independence of Sky News. Hunt will be unable to issue [...]
Aviva nears RAC disposal June 21, 2011 INSURANCE giant Aviva is close to selling the RAC, the roadside rescue business it owns. Two private equity firms are in the final stages of bidding for the company, Sky News reported last night. Three buyout firms had put up final offers several days ago, including BC Partners, Carlyle Group and Clayton Dubilier & Rice. [...]
BORIS BROTHER PLOTS HIS PASSAGE TO INDIA June 21, 2011 FOR ONCE, Boris Johnson wasn’t the centre of attention. Instead, his brother Jo Johnson MP took the spotlight at the Number 11 Downing Street reception to launch Reconnecting Britain and India, the book of essays Johnson co-edited with the Indian Chambers of Commerce secretary general Dr Rajiv Kumar. Rachel Johnson, editor of The Lady, was [...]
Dotcom loses top billing in web shake-up June 20, 2011 THE .com web address suffix that has become synonymous with online activity could lose its prominence after regulators waved through proposals to allow companies to use their own branding instead. The looser regulation will allow firms to use addresses such as www.news.cityam or www.ipad.apple. The changes have been brought in as it becomes increasingly difficult [...]
MAHIKI COCONUT LIQUEUR June 20, 2011 GOODBYE London, Hello Tiki paradise! Mahiki Coconut – the latest new liqueur from London’s hottest nightclub Mahiki – lands exclusively at Selfridges this week and already we’re getting into the holiday spirit. Mahiki Coconut is a delicious coconut liqueur made with a blend of Caribbean Rum, fine spirits and real coconut. (In other words, just [...]
Telemetry to sell stake June 19, 2011 THE founders of online advertising analysis firm Telemetry are set for a £35m windfall as they prepare to sell just over a fifth of the firm. Russell Irwin, Anthony Rushton and Beau Chesluk will each rake in around £11.6m from the sale, with Goldman Sachs and Credit Suisse understood to be in talks with the [...]
Bewitched and Dalghar to fight out the big one June 16, 2011 TOMORROW’S Golden Jubilee Stakes (3.45pm) is the final Group One contest of Royal Ascot week and the rain is causing havoc to a number of the key contenders. Delegator has been the ante-post favourite since his hugely impressive seasonal reappearance at York, but the softening conditions are firmly against him. There is a chance he [...]