Hargreaves pockets profits October 27, 2009 City firm Hargreaves Lansdown yesterday revealed that its chief executive Peter Hargreaves, who started the financial-services firm from his Bristol flat in 1981, will see his pay package increase by 26 per cent this year. Hargreaves will trouser a total of £1.01m – including his £600,000 performance-related bonus. Stephen Lansdown, co-founder will take home a [...]
NBC Universal mulls IPO October 27, 2009 NBC Universal could be floated on the stock market if France’s Vivendi decides to sell its 20 per cent stake in the group majority-owned by General Electric, Vivendi's chief executive said. "Why not?" said Jean-Bernard Levy when asked at a media conference whether an initial public offering would be an option for the US entertainment [...]
Anglo to retain De Beers stake October 27, 2009 Mining group Anglo American yesterday said it plans to retain its 45 per cent stake in De Beers, the world’s largest diamond producer. The company has been cutting costs, including jobs, to save $120m (£73m) a year.
RAPPER TALKS CRIME, DRUGS AND THE CUT AND THRUST OF BUSINESS October 27, 2009 FRESH from interviewing Warren Buffett, otherwise known as the “Sage of Omaha” or one of the most successful investors the world has ever seen, the Beeb’s Evan Davis yesterday turned his microphone on a different type of guest: rapper 50 Cent. “Fifty”, who’s recently co-authored a business book called The 50th Law, was happy to [...]
Cineworld profits on the up despite the downturn October 27, 2009 CINEWORLD revealed a solid third-quarter trading performance yesterday, despite the economic downturn and decline in screen advertising. The group posted healthy trading with total revenues up 6.5 per cent in the 43-week period to 22 October. This was largely due to the 10.9 per cent growth in box office sales and five per cent growth [...]
CITY VIEWS: ARE YOU GOING TO THE CINEMA MORE DURING THE DOWNTURN? October 27, 2009 ANDY MARTINS MIZUHO BANK“I don’t go to the cinema too much; I only go when something good is out. I’m not cutting down on going out. In fact I’m actually doing more, such as going on a few more holidays.” KAREN DAWSON ROTHSCHILD“I have been going to the cinema more. I normally take my daughter [...]
Energy stocks keep the FTSE warm despite banking falls October 27, 2009 THE FTSE 100 gained 0.2 per cent yesterday, keeping level after a rally from heavyweight energy issues offset weakness in banks and mining stocks. The index closed 9.23 points higher at 5,200.97, after ending 1 per cent lower on Monday. The blue-chip index has gained about 51 per cent since hitting a six-year low in [...]
Profit taking hits Wall St after rally October 27, 2009 THE S&P 500 and the Nasdaq fell yesterday as investors booked profits following the stock market’s recent run-up, while a weaker-than-expected reading on a measure of consumer confidence raised doubts about spending. Technology and consumer discretionary shares fared worse than the broader market as investors sold recent winners. Baidu’s disappointing outlook added to the negative [...]
Keane spot on as Spurs ease past Toffees October 27, 2009 TOTTENHAM (2)EVERTON (0)TOTTENHAM manager Harry Redknapp challenged David Bentley to prove he deserves to be a regular after the out-of-favour midfielder helped Spurs reach the Carling Cup quarter-finals. Bentley set up Tom Huddlestone to half-volley the opener, before Robbie Keane added a second, the striker netting a rebound from his own penalty. It was a [...]
Ashley to sell naming rights after taking Toon off market October 27, 2009 NEWCASTLE owner Mike Ashley last night officially took the club off the market and appointed caretaker boss Chris Hughton as the team’s permanent manager. The announcement brought to an end months of extreme uncertainty, triggered by the club’s relegation from the Premier League in May and Ashley’s subsequent decision to put them up for sale. [...]
