Walsh is on the grid for F1 December 3, 2014 The former chief executive of drinks giant Diageo is being lined up to be chairman of the Formula One board. If Paul Walsh is appointed, it could signal the beginning of the end of Bernie Ecclestone’s control of the motorsport. Sky News reported that a board meeting is scheduled for next week to discuss replacing [...]
Read all about it: The Times posts its first annual profit in 13 years December 2, 2014 Times Newspapers (TNL) yesterday posted a £1.7m operating profit for the year ending 30 June 2014, the first time it has made a profit since 2001. The publisher of the Times and Sunday Times, part of Rupert Murdoch’s News Corp, last year recorded a loss of nearly £6m. Five years ago, in the year before [...]
Sky faces its big match in fight with BT for Premier League TV football December 2, 2014 Sometime early next year – and no one knows precisely when such is the secrecy surrounding the process – the Premier League will launch an auction to decide who will broadcast live matches for three seasons from 2016-17. And analysts are divided over whether Sky, which has held most of the broadcast rights since the [...]
GW Pharma looking to rock the joint with cannabis-based epidiolex treatment for epilepsy December 2, 2014 British drugmaker GW Pharmaceuticals yesterday posted a widened full-year, pre-tax loss, as it ramped up development of its cannabis-based epidiolex treatment for childhood epilepsies. The biopharmaceutical company, dual listed on Aim in London and Nasdaq in New York, said it expected to complete much of the development programme for epidiolex in 2015. It would then start [...]
McColl’s sees results in line December 2, 2014 NEWSAGENT and convenience store chain McColl’s yesterday cited “tough conditions” in its business outlook, but said it expected its 2014 results to be “broadly” in line with expectations. The company said that total sales, including VAT but excluding fuel, lottery and mobile phone top-ups, grew by five per cent in the fourth quarter ended 30 [...]
Co-op could fail bank test December 1, 2014 THE Co-operative Bank yesterday admitted that it would come as “no surprise” if it failed a Bank of England stress test this month. Britain’s main lenders have been tested on their ability to withstand a 35 per cent crash in house prices and surging interest rates. “It will come as no surprise if the bank does [...]
Bicester to be a garden city December 1, 2014 BICESTER in Oxfordshire has been chosen as the site for the coalition’s second new garden city, government sources have confirmed. Up to 13,000 new homes are due to be built on the edge of the town, as part of plans to help deal with the UK’s housing shortage. “I can confirm the government is putting [...]
2014 Black Friday, Cyber and Manic Mondays set to break all UK records December 1, 2014 Black Friday became a weekend-long shopping spree yesterday as consumers were set to spend about £650m during Cyber Monday. Yesterday marked another pre-Christmas internet shopping frenzy, and industry body IMRG estimated that about £451,000 was spent per minute – making it the busiest online shopping day ever and a 26 per cent increase on last year. Market [...]
Bonmarche bolsters revenues but warns over warm autumn December 1, 2014 RETAILER Bonmarche yesterday announced a 11.8 per cent rise in half-year profits, but said it suffered from one of the warmest autumns on record as shoppers shunned its coats and jumpers. Chief executive Beth Butterwick said that in the six months to 30 September, Bonmarche recorded sales of £91.1m. However, she warned that the latter part [...]
Deutsche Annington Immobilien to buy Luxembourg-based rival Gagfah in €3.9bn deal December 1, 2014 German estate agents Deutsche Annington Immobilien said yesterday that it had agreed to acquire Gagfah, a Luxembourg-based owner and manager of residential properties, in a deal that values the company at €3.9bn (£3.1bn). The deal would create a combined company with a portfolio of roughly 350,000 residential property units worth around €21bn. The cash-and-stock offer works [...]
