Steelmaker Corus to cut 2,000 British jobs as demand nosedives June 25, 2009 Europe’s second largest steelmaker Corus said yesterday it was planning to cut a further 1,922 jobs in Britain’s industrial heartlands, alongside axing another 123 staff in the Netherlands. Of the jobs to be cut in Britain, some 800 will go from Corus’ engineering steel sites in the northern English towns of Rotherham and Stocksbridge, while [...]
Speed Ticket looks ideal for the Plate June 25, 2009 THE NORTHUMBERLAND Plate is traditionally one of the most open and competitive handicaps of the season and tomorrow’s renewal certainly doesn’t disappoint on that front. There are six runners currently vying for favouritism and at least 12 runners priced between 8/1 and 14/1. It will therefore be no surprise that only two favourites have obliged [...]
THE INSIDER June 25, 2009 COULD tomorrow be the day? It’s almost two years since WINKER WATSON won the 2007 July Stakes, but since then, he hasn’t troubled the judge once. However, the combination of a drop in trip, a new partner in Adrian McCarthy and most importantly, the added assistance of blinkers, means that I am prepared to give [...]
Why Murdoch’s MySpace is going back to its roots June 25, 2009 WHEN Rupert Murdoch bought MySpace for $580m (£319m) back in 2005, most people thought he had gone crazy. A few years later when Microsoft snapped up a 1.6 per cent stake in rival Facebook, giving it a notional value of $15bn, all was forgotten; Murdoch had been right all along, picking up a mass market [...]
Lions have a mountain to climb to top kicking kings in Second Test June 25, 2009 SOUTH AFRICA vs. BRITISH LIONS SECOND TEST – TOMORROW, 2PM – SKY SPORTS 1 THE CURRENT incarnation of the Lions squad may be the first to have gone unbeaten against provincial opposition on a tour since 1989, but that does not really tell the full story of a month of mixed success in South Africa. [...]
Svanberg of Ericsson will be BP’s chair June 25, 2009 BP named Ericsson chief executive Carl-Henric Svanberg as its new chairman yesterday, in a surprise appointment which ended the British oil major’s lengthy search for a successor to Peter Sutherland. BP chief executive Tony Hayward said the firm would benefit from Swedish Svanberg’s experience in emerging markets and in dealing with governments. Svanberg, who will [...]
H&M bucks retail sector gloom June 25, 2009 Swedish budget clothing group Hennes & Mauritz (H&M) yesterday bucked retail sector woes as it reported a rise in profits for the second quarter of the year, beating analyst forecasts. H&M, the world’s third-biggest clothing retailer, posted a 6.4 per cent increase in pre-tax profit to 5.78bn Swedish crowns (£445m) for the three months to [...]
Deloitte forms anti-spying team June 25, 2009 Deloitte yesterday said it has formed a new corporate counter-espionage team to coincide with the government’s launch of a new cyber-security plan. The accountancy firm’s new team, in the security, privacy and resilience group, will be headed up by Steve Cummings, an ex-senior government security official who was previously director of the Centre for the [...]
Nike fourth-quarter profit falls June 25, 2009 Sportswear giant Nike saw a 30 per cent decline in fourth-quarter profit, due largely to $195m (£119m) in restructuring costs, as well as falling revenue due to a lack of future orders amid the recession. Nike reported earnings of $341.4m for the quarter ending 31 May, down from $490.5m in the same quarter last year. [...]
MICHAEL JACKSON 1958-2009 June 25, 2009 MICHAEL Jackson, the troubled King of Pop, died at the age of 50, after collapsing at his Los Angeles home with a suspected heart attack yesterday. The singer, who dominated the world of pop music for four decades, was found not breathing and immediately rushed to hospital, where he was pronounced dead after efforts to [...]
