Notts through to YB40 final September 9, 2013 CRICKET: Four wickets from Jake Ball helped Nottinghamshire reach the Yorkshire Bank 40 final at the expense of Somerset at Trent Bridge last night. The visitors were bowled out for 119 and Notts reached 122-2 in 16.2 overs.
TSB promises to stay out of glamorous banking September 9, 2013 NEW HIGH street lender TSB will not lend to “large corporations, foreign speculators, or get involved in complicated derivatives,” its new chief said yesterday as part of its plan to promote local banking. At a branch opening on Baker Street, Paul Pester said the bank’s key selling point will be transparency. That means it will [...]
Carl Icahn says billionaire battle over Dell is impossible to win September 9, 2013 ACTIVIST investor Carl Icahn has pulled out of the battle for computer manufacturer Dell, calling the fight against founder Michael Dell “impossible to win”. In an open letter posted to his 77,000 Twitter followers and on the US securities regulator’s website, Icahn said he still believed the offer from $24.4bn offer from Dell and Silver [...]
Jaguar Land Rover adds 1,700 more jobs in the West Midlands September 9, 2013 JAGUAR Land Rover is creating 1,700 new jobs in the West Midlands, the British car manufacturer announced today. The company has pledged to invest almost £1.5bn in a new aluminium body for its next models, requiring new staff at its Advanced Manufacturing Facility in Solihull. The announcement comes less than a month after reports that [...]
Ministers insist High Speed 2 is worth building September 9, 2013 MINISTERS defended the controversial High Speed 2 (HS2) rail link between London and the north yesterday, following a damning report from the public accounts committee about the economic case for the project. Chancellor George Osborne insisted he was “passionately in favour” of the £42.6bn scheme, while transport secretary Patrick McLoughlin told the BBC “it is [...]
Icap enters late stage talks to put Libor rigging claims to rest September 9, 2013 ICAP, the interdealer broker, is in late stage talks with US and UK regulators to settle longstanding claims over the Libor rigging scandal for about £70m. The broker, led by City grandee Michael Spencer, is understood to be nearing a deal with the UK’s Financial Conduct Authority to pay it £20m and US Department of [...]
Upgrade work shuts out some Boris Bike users September 9, 2013 CASUAL users of Boris Bikes will not be able to use the cycle hire scheme on Saturday night or Sunday, as TfL upgrades the docking sites ahead of expansion in south and west London. TfL said the work will make it easier for members to view all the journeys they made in the past year [...]
Glaxo offloads drinks brands in £1.35bn deal September 9, 2013 JAPANESE firm Suntory Beverage & Food yesterday agreed to buy GlaxoSmithKline’s (GSK) Ribena and Lucozade brands for £1.35bn, in one of the largest deals in the sector so far this year. British pharmaceuticals group GSK put the two drinks brands up for sale in February as part of chief executive Sir Andrew Witty’s plans to [...]
Bottom Line: Suntory pays high price for global plans September 9, 2013 PUMPED up on sugary soft drinks, it didn’t take the Glaxo and Suntory execs long to seal a deal. Though everyone from AG Barr to private equity houses Blackstone to Permira was touted as a potential buyer, the Japanese group emerged as the front runner early on and stood its ground. Yesterday’s price – well [...]
Koch brothers move into electronics with $7.2bn Molex deal September 9, 2013 PRIVATELY owned Koch Industries said yesterday it will buy Molex, a maker of electronic connectors for companies including Apple, for about $7.2bn to give the billionaire Koch brothers a way to diversify from their traditional holdings in energy, chemicals and paper. Koch Industries, which owns brands such as Brawny paper towels, Dixie Cups and Lycra, [...]
