Qatar in $70m hotel investment April 21, 2010 State-owned Qatar National Hotels said yesterday it would invest $70m (£45m) in a luxury hotel resort in Comoros, one of the largest injections of foreign investment into the poor Indian Ocean archipelago. Owned by the Qatar government, the Qatar National Hotels deal is part of a $540m pledge to support development in one of the [...]
Coke chief in union talks April 21, 2010 Coca-Cola chief executive Muhtar Kent yesterday sought to ease concerns by the Teamsters union that the company’s acquisition of the North American operations of Coca-Cola Enterprises would result in fewer jobs. Even before the deal’s expected closure in the fourth quarter, fears have been raised by news that Coke Enterprises will test a programme to [...]
Top execs quit Game Group as profits dive April 21, 2010 THE chief executive and chief operating officer of Game Group stepped down yesterday after the retailer said that full-year profits had fallen by nearly a third to £90m and sales had continued to tumble. Game, which in January issued a second profit warning just over a month after poor Christmas sales, said Lisa Morgan had [...]
Andronikou clueless over mystery fee April 21, 2010 PORTSMOUTH administrator Andrew Andronikou says he does not understand how the crisis club owe £1m to Tottenham for goalkeeper Asmir Begovic. Pompey’s accounts, published yesterday, list the sum as a sell-on fee owed to Spurs, despite the fact that Begovic has at no stage been a Tottenham player. It is understood that Spurs originally agreed [...]
Heineken in beer sales slump April 21, 2010 HEINEKEN’S beer sales fell more than expected in the first quarter as western consumers drank less, underlining the group’s increasing reliance for growth on sales in emerging markets in Africa and Asia. Its shares fell more than 2.5 per cent to their lowest in eight weeks. The Dutch-based company, whose chief brands are Heineken and [...]
Robben strikes again to put Bayern on top April 21, 2010 BAYERN MUNICH (1) v/s LYON (0) BAYERN Munich winger Arjen Robben continued his mission to win the Champions League single-handedly as the Bundesliga leaders earned a slim advantage to take into the semi-final second leg. Robben, scorer of decisive goals in the previous two rounds against Manchester United and Fiorentina, struck the only goal in [...]
Ladbrokes is boosted by an £80m tax repayment April 21, 2010 HEINEKEN’S beer sales fell more than expected in the first quarter as western consumers drank less, underlining the group’s increasing reliance for growth on sales in emerging markets in Africa and Asia. Its shares fell more than 2.5 per cent to their lowest in eight weeks. The Dutch-based company, whose chief brands are Heineken and [...]
MPC vote unanimous but concerns over inflation rise April 21, 2010 IT WAS another unanimous vote from the Bank of England’s Monetary Policy Committee (MPC) this month, but minutes published yesterday revealed worries among some members about the level of inflation. The unanimity was unsurprising given the proximity of the general election and the committee agreed that the events of the past month “had not been [...]
Schu will be great again, claims Bernie April 21, 2010 FORMULA ONE chief Bernie Ecclestone is backing seven-time world champion Michael Schumacher to rediscover his winning touch despite his slow start to the season. Schumacher, 41, got back behind the wheel after three-and-a-half years in retirement this season, but has so far played second fiddle to Mercedes team-mate Nico Rosberg. The German finished a gallant [...]
ANZ considering Asia expansion April 21, 2010 Australia and New Zealand Banking Group is considering making a bid for Dallas-based Lone Star’s controlling stake in Korea Exchange Bank (KEB). Valued at $4bn (£2.6bn), this would expand Australia’s fourth largest bank’s influence in Asia considerably. KEB, South Korea’s sixth largest lender, was purchased by US private equity fund Lone Star in 2003. ANZ [...]
