CITY VIEWS | DO YOU THINK THE NEW DOMAIN NAME RULES WILL BE GOOD FOR BUSINESS? June 13, 2012 DANE NOAKES LONDON MARKET DYNAMICS “Once people get used to it, I think it will be a good thing for some firms, as long as it’s done effectively. It’s good for marketing, but I imagine it will be expensive so many companies who might want to try it will not be able to afford it.” [...]
Stelios takes a stake in African low-cost airline June 13, 2012 EASYJET founder Sir Stelios Haji-Ioannou’s bid to launch a low-cost airline in Africa took a step forward yesterday as his cash shell partner bought regional carrier Fly540. Rubicon, the investment vehicle that started life as a software company, paid $85.7m (£55m) to take over Fly540 from Lonrho, the London-listed African conglomerate that spent six years [...]
Dell to slash its costs by $2bn June 13, 2012 DELL yesterday outlined plans to slash more than $2bn (£1.3bn) in costs over the next three years, primarily from the supply chain and sales group, as it sharpens its focus on the technology needs of corporations. Software and services are a key growth area, Dell executives told analysts at a conference in Texas yesterday. The [...]
Oil production set to stay same June 13, 2012 OPEC is expected to leave its production ceiling unchanged at 30m barrels a day at today’s meeting. The move is expected despite Saudi facing pressure from fellow members of the Organization of the Petroleum Exporting Countries (OPEC) group to cut oil output in a bid to prevent a further slide in crude prices. Brent crude [...]
Rebekah Brooks bailed after court date over hacking scandal June 13, 2012 REBEKAH Brooks made a preliminary appearance in a London court yesterday, accused of hindering a police investigation into phone hacking and corruption by staff at British tabloids. A large crowd of photographers and reporters greeted the arrival at court of the 44-year-old, a former editor of both the News of the World and The Sun. [...]
Network Rail falls short of punctuality targets June 13, 2012 DISAPPOINTING train delays, a poor performance for freight customers, irate operators – but at least there are fewer rail replacement buses, said the UK rail watchdog yesterday. The Office of Rail Regulation (ORR) said it was “very disappointed” by Network Rail’s customer service in the last year, as the authority in charge of Britain’s train [...]
JD Sports sales rise but warns on Blacks loss June 13, 2012 JD sports, the sports fashion and trainers retailer, yesterday posted a sales rise of 1.2 per cent but warned its recent acquisition of Blacks Leisure could lose up to £15m this year. Sales of sports goods rose by 1.2 per cent in the 19 weeks to 9 June, the firm said, while fashion sales jumped [...]
Zara owner Inditex bucks EU gloom with sharp profits rise June 13, 2012 INDITEX, the Spanish fashion retailer behind Zara and Massimo Dutti, has posted a sharp rise in first quarter earnings amidst volatile conditions and poor consumer demand in Europe. Sales rose to €3.4bn (£2.8bn) in the three months to 30 April, up 15 per cent on last year while net profit jumped by 30 per cent [...]
Berwin Leighton Paisner revenue up June 13, 2012 City law firm Berwin Leighton Paisner yesterday announced an eight per cent rise in revenue for its 2011-2012 financial year. BLP posted turnover of £246m – up from £229m last year. The firm benefited from its international presence, with revenues outside the UK up by 45 per cent.
Tillman fights for Croydon store June 13, 2012 Allders of Croydon, the department stored bought by entrepreneur Harold Tillman in 2005, is in crisis talks with its landlords to reduce its rent and stave off administration. Tillman is said to have requested a rent-free period from its landlord Jupiter properties, and asked Croydon Council for a business rates-free period.
