Eurozone inflation slows down as summer comes to an end September 16, 2013 INFLATION dipped in the Eurozone in August, according to official statistics released yesterday, and remains well below the target of the European Central Bank (ECB). The euro area’s consumer price index (CPI) fell from 1.6 per cent to 1.3 per cent in comparison to the same month last year, with core inflation at only 1.1 [...]
Ryanair to expand at Stansted as airport agrees to lower its fees September 16, 2013 RYANAIR has called a truce with the new owner of Stansted after persuading the airport to cut its fees, in a deal the budget airline claims will create 7,000 jobs. The Irish carrier has agreed a 10-year growth deal with Manchester Airports Group, which bought Stansted in January, that will see its traffic through the [...]
Costa Concordia starts to return to an even keel in £500m project September 16, 2013 THE COSTA Concordia cruise liner was yesterday inched slowly off the rock shelf where it has been stuck for more than 20 months, in a painstaking process to right the ship that looked set to continue late into the night. After a three-hour delay caused by an overnight storm, salvage crews started the so-called parbuckling [...]
Cable giant in France lines up November float September 16, 2013 FRENCH cable operator Numericable is planning an initial public offering (IPO) that could value the firm at over €5bn (£4.2bn). The current owners – Cinven, Carlyle and Altice Group – are expected to ride the current wave of investor interest in European cable companies all the way to an IPO. Just last week Vodafone bought [...]
Meter ticking for taxi-cab offices September 16, 2013 IF TIME is money, entrepreneur Mark Strachan is making the most of wasted travelling hours, with a plan to make money from commuting Blackberry addicts. The founder of British indoor ski slope firm Skiplex yesterday launched a crowdfunding plea for investment in the Luxury Mobile Office Company. The firm is seeking £150,000 on crowdfunding website [...]
A very happy Monday for Sir Bob September 16, 2013 THE LATEST big name to receive the Freedom of the City of London is crooner Sir Bob Geldof. The 61-year-old singer was at the Guildhall yesterday picking up his framed parchment certificate. He was also given the customary Rules for the Conduct of Life book by Chamberlain of London Chris Bilsland, despite protestations by Sir [...]
Danske Bank’s boss ousted by board directors September 16, 2013 THE BOARD of Denmark’s biggest bank Danske Bank overthrew its chief executive yesterday in a boardroom coup, swapping him for someone with “stronger qualifications” in banking. Former boss Eivind Kolding, who took the helm of the Danish bank just nineteen months ago, has been replaced by the company’s corporate banking guru Thomas Borgen, a member [...]
Early Twitter investor plans to retain stake September 16, 2013 SAUDI investor Prince Alwaleed bin Talal has called his stake in social network Twitter a “strategic investment” that he intends to hold on to when it floats. “We believe that it is just beginning to touch the surface. We have invested $300m (£188m) in the company. We will be selling zero, nothing, at the IPO,” [...]
Accountancy regulator to probe PwC audit of Berkeley last year September 16, 2013 THE UK accounting watchdog said yesterday it has opened an investigation into whether PwC was acting independently when it checked the books of UK house builder Berkeley Group. The Financial Reporting Council (FRC) said that the probe would look at PwC’s audit of Berkeley’s financial statements for the year ended 30 April 2012, as a [...]
First is fined for trapped passengers September 16, 2013 First Capital Connect was yesterday fined £75,000 for leaving passengers trapped for three hours on a broken down train at Dock Junction. The company had earlier pleaded guilty to breaching health and safety law. Passengers on the Brighton to Bedford train during the evening rush our on 26 May 2011 phoned National Rail Enquiries to [...]
