Caffe Nero brews up a plan to open 225 new stores in the UK April 7, 2014 COFFEE shop chain Caffe Nero is set to open another 225 outlets across the UK over the next five years, creating an extra 1,700 jobs. The London-headquartered firm, which was founded in 1997, will open 40 to 45 stores in the UK each year and the same number overseas, at the same expansion pace as [...]
Train station offices to open April 7, 2014 Network Rail is opening drop-in offices at King’s Cross and Liverpool Street stations this year, offering commuters pay-as-you-go desks and meeting rooms. The railway operator teamed up with The Office Group in 2012 to provide offices at Paddington and will this year expand the service across London and launch in Leeds. Network Rail is looking [...]
Audi lifts its German production April 7, 2014 German luxury carmaker Audi said it may further increase production in its home market during the second quarter after adding shifts in past months on strong demand for premium cars from China and Europe. The Volkswagen-owned manufacturer is running 53 additional production shifts at its two biggest Germany-based plants in Ingolstadt and Neckarsulm between January [...]
Senator slams General Motors April 7, 2014 General Motors should make restitution to victims’ families and face criminal action if merited for the way it handled defective ignition switches that caused fatal auto accidents, US Senator Claire McCaskill said yesterday. McCaskill, as chairwoman of the Senate subcommittee on consumer protection and product safety, led a blistering round of questioning of GM boss [...]
Chessboxing to kick-start in the City next month April 7, 2014 CHESS and boxing aren’t exactly the closest of bedfellows, but having both brains and brawn isn’t always as rare as popular culture would have us believe. Enter chessboxing – a seamless combo of the two activities which sees competitors sit for four minutes of speed chess, followed by two rounds of boxing – repeated until [...]
Wacky races at Sheffield’s half April 7, 2014 POLICE in Sheffield yesterday set up roadblocks to stop 5,000 disgruntled runners from competing in the city’s half marathon after the event was cancelled at the last minute due to insufficient water supplies. The so-called rebel runners had waited for 45 minutes at the start line before being told that the race had to be [...]
Three things you didn’t know about… April 7, 2014 The founder and chief executive of Peregrine Communications Anthony Payne 1 Anthony was born and grew up in Nairobi before moving to Chicago in mid-winter aged 13. The snow was a bit of a shock, as was going from having no TV to over 55 channels. 2 He has held a pilot licence since he [...]
Barclays braces for rebellion at annual meeting April 7, 2014 BARCLAYS chief executive Antony Jenkins is bracing for an investor revolt over ballooning bonuses at the bank ahead of its crunch shareholder meeting later this month. Jenkins, who took over in 2012 promising an end to cavalier payment practices, hiked the bonus pool 10 per cent to £2.38bn despite a fall in annual profits, prompting [...]
Bob Diamond agrees to second African banking deal in Rwanda April 7, 2014 FORMER Barclays boss Bob Diamond has struck a deal to buy the commercial arm of Rwanda’s state-owned bank. His cash shell Atlas Mara signed a memorandum of understanding with the Development Bank of Rwanda (BRD) yesterday to buy the assets once they have been spun off from its development arm. The deal was signed in [...]
Lenta shares in push above the flotation price April 7, 2014 SHARES in the Russian hypermarket chain Lenta have risen above their issue price in London for the first time since they were issued at the end of February after the group’s stock market debut was clouded by political turmoil in Ukraine. Lenta’s share price rose above the $10 per GDR issue price to close at [...]
