London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Greece Election 2015: Anti-austerity Syriza party raises Sunday stakes January 20, 2015 Greek anti-austerity party Syriza is on a collision course with European officials after ramping up its election campaign yesterday. The party is keen on renegotiating some of Greece’s debt. “To promote reforms one must settle the debt issue,” said Yiannis Dragasakis, the party’s senior economist, yesterday. Should Syriza win this Sunday – and polls currently place [...]
Netflix share price surges as video streaming company beats analysts’ earnings forecasts January 20, 2015 Leading video streaming company Netflix yesterday revealed above-expectation earnings, resulting in an after-hours surge in the company’s share price. Netflix recorded an adjusted profit of 72 cents (48 pence) a share for the quarter. According to a consensus estimate on Thomson Reuters, analysts had predicted the company to report earnings of 45 cents a share [...]
Morgan Stanley hurt by trading revenue crash January 20, 2015 MORGAN Stanley joined the wave of investment banks hit by poor bond trading revenues in the final quarter of 2014, as it reported disappointing financial results yesterday. But the bank’s legal bills did fall sharply, in contrast to some other lenders which have seen mounting litigation costs. Profits came in at $920m (£607m) for the [...]
Reckitt Benckiser is fined £540k for not disclosing dealings January 20, 2015 RECKITT Benckiser, the consumer goods group behind Nurofen painkillers and Finish dishwasher tablets, has been fined £539,800 by the City watchdog for not properly disclosing share dealings by two executives. The Financial Conduct Authority (FCA) slammed Reckitt for having “inadequate systems and controls” in place to monitor share-dealings by its senior executives in its own [...]
ScottishPower to reduce energy prices January 20, 2015 THREE of the UK’s Big Six energy companies have now cut their prices, with ScottishPower announcing yesterday that it is reducing bills by 4.8 per cent from 20 February onwards. The company followed in the footsteps of British Gas and E.On to reduce its prices, and said the move would save customers £33 on an [...]
BBC stamps out £100m bid from Avalon and Hat Trick to save BBC Three January 20, 2015 Public service broadcaster the BBC yesterday quashed a £100m rescue bid from two independent TV production groups to take over BBC Three, which is set to become an online-only channel due to funding cuts. Avalon, the maker of Harry Hill’s TV Burp, and Hat Trick, producer of the BBC satirical show Have I Got News [...]
Private equity guru Damon Buffini exits UK’s Permira after nearly three decades January 20, 2015 Veteran Permira executive Damon Buffini, who worked his way up from humble origins to become one of the most powerful men in the City, has announced his exit from the group after 27 years. Buffini became a lightning rod for anti-business campaigns at the height of the buyout boom when he was Permira’s managing partner. [...]
Sky and TalkTalk join the list of bidders circling Telefonica’s O2 January 20, 2015 EUROPEAN pay-TV broadcaster Sky has been named among the growing list of parties interested in bidding for Telefonica’s UK mobile network O2, which was spurned by BT before Christmas in favour of a £12.5bn bid for rival EE. Talks between Telefonica and Sky, as well as interest from UK value player TalkTalk, were first reported [...]
MPs urge govt to help protect dairy producers January 20, 2015 MPs urged the government yesterday to do more to protect dairy farmers against falling milk prices. A report published by the parliamentary Environment, Food and Rural Affairs (Efra) Committee Groceries Code Adjudicator suggests a raft of measures to help the dairy industry deal with volatile market. It wants the role of the Groceries Code Adjudicator [...]
Dairy Crest loses a third of its milk contract with Morrisons January 20, 2015 Dairy Crest has lost a third of its fresh milk contract with Morrisons to rival milk producer Arla after signing a new three-year deal with the supermarket chain. The company, which also owns Cathedral City cheese and Country Life butter, is in the process of selling its liquid milk business to Muller UK & Ireland [...]
