Optical Express founder to take on debts to RBS July 21, 2013 THE FOUNDER of Optical Express has stepped in to save the firm from its biggest creditor. David Moulsdale is today expected to take on the firm’s debts to Royal Bank of Scotland, and has also agreed to “inject significant working capital” to ensure the company’s survival. Optical Express, which has 93 stores and 54 consultation [...]
Another senior level departure at online fashion retailer Asos July 21, 2013 ASOS’s human resources director Michelle Emmerson has stepped down, in the latest high profile departure at the online fashion giant. Her departure comes less than a week after Kate Bostock, the former head of clothing at Marks & Spencer, announced that she was to leave the company just seven months into the job. Asos has [...]
Boris backs Medical City at Euston July 21, 2013 BORIS Johnson has given his backing to plans for a new medical research hub based around Euston Road. The Mayor of London will on Thursday submit a bid for £1m of funding to London Enterprise Partnership for the project, which will attempt to replicate the success of East London’s Tech City start-up culture in the [...]
Hibu set to post results and debt rescue scheme July 21, 2013 HIBU, the owner of Yellow Pages, is this week set to reveal its long-awaited full year results, which are likely to include details of a debt-for-equity swap with its creditors. The company has spent months in talks to cut its £2.3bn debt pile and hopes to finalise a deal to hand control to its creditors [...]
Bottom Line: Write off the shares not the company July 21, 2013 A FORMER giant, an icon of economic optimism, reduced to embers of its glory within living memory. Not Detroit, but the Yellow Pages. Yell, as the owner of the business directory was known, was blue chip, a member of the FTSE 100 elite. It was at the nation’s elbow for all the nice and the [...]
Cuadrilla in talks over shale gas drilling on United Utilities’ land July 21, 2013 ENERGY firm Cuadrilla has been talking to United Utilities as it plans its next attempt to extract shale gas in the north west of England. Cuadrilla, which suspended fracking in 2011 after causing small tremors in Blackpool, has spoken to the water company about six possible sites for fresh drilling. As well as getting a [...]
Tablet searches boom as Brits buy for the sun July 21, 2013 ADIDAS, Converse shoes, dresses and garden furniture have become some of the most popular terms that consumers are browsing for online thanks to brighter weather and the help of three bank holidays. Data from the British Retail Consortium (BRC) and Google showed searches for DIY and gardening products outpaced other sectors on both tablets and [...]
Former ENRC director set to fight lawsuit July 21, 2013 FORMER ENRC director Sir Paul Judge has pledged to fight a lawsuit brought by the mining company over claims he leaked information to the media. Judge said in a statement over the weekend that he “den[ies] entirely” the company’s claims that he leaked an email to the press in October. Judge, who stepped down from [...]
City Moves for 22 July 2013 | Who’s switching jobs July 21, 2013 Carey Group The financial services company has appointed Joe Truelove as a director in its fund administration business. He was most recently at Kleinwort Benson, where he was head of business development for the fund administration sector. HSBC The bank has recruited Luiz Simione as global head of forfaiting and risk distribution for global trade [...]
Farnborough revenues take off July 21, 2013 Revenues at Farnborough Airport soared 11.9 per cent in the year to the end of March, as its landing fees and ancillary turnover made up for broadly flat traffic. The airport took 24,012 take-offs and landings in the year, up by just 62 in spite of the government allowing owner TAG to raise the number [...]
